Good MorningEquity markets pulled back on Thursday after setting a new intra-day high. A hotter-than-expected read on CPI underpinned by rising gasoline and housing costs sparked the sell-off, leaving investors wondering what to do next. That may be decided today following results from the Big Banks, which are expected to show significant top and bottom-line growth driven by higher interest rates. The takeaway from the reports will be centered on the economy, consumer health, and the outlook for capital returns.
The rebound in the S&P 500 appears to be over. The index shed about 1% after hitting the new high and showed significant resistance at the 30-day moving average. If the market follows through on this signal, it will continue to sell off regardless of bank results. The next FOMC meeting is 3 weeks away; the market does not expect another hike but it is bracing for another hawkish statement. Featured: The biggest trading breakthrough I’ve ever come across (Ad) 
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Communication Services | |
Having traded mostly sideways for the past two years, albeit with a slightly downward lean, shares of video game maker Electronic Arts Inc (NASDAQ: EA) have been rallying hard this month. They're up more than 10% and on track for their longest run of up days since May of last year.
It will make ... Read the Full Story |
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From Our Partners | | What If Washington Declared That:
YOUR Money ISN'T Actually Yours?
Sounds insane, but that's exactly what the Department of Justice just admitted in court—claiming cash isn't legally your property.
What does that mean? It means Washington thinks they can seize, freeze, or drain your accounts—whenever they want. | | Get your free guide now by clicking here >> |
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Markets | |
Walgreens Boots Alliance (NASDAQ: WBA) shares are down significantly over the past two years and may fall further. The company's turnaround efforts are slowly taking hold, and the impact of COVID-19 sales continues to weigh on results. However, the Q3 results show improvement in sales across all s... Read the Full Story |
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Communication Services | |
Movie theater chains, at least some, are reeling in the profits as audiences flock back. Cinemark Holdings Inc. (NYSE: CNK) pivoted back to profitability in the most recent quarter after suffering losses in most quarters since 2020.
Imax Corp. (NYSE: IMAX) reported a profit in 2022, and the compa... Read the Full Story |
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From Our Partners | | 232 companies listed on U.S. exchanges this year, raising over $251 billion by late July alone - more than five times 2025's full-year total. Yet most carry almost no analyst coverage.
We screened the entire class for average daily volume above 500,000 shares, market caps over $100 million, and at least 18 months of cash runway. Only seven names cleared every filter - four already trading, three still private. | | See the seven IPOs that passed every filter. |
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Industrials | |
Delta Air Lines (NYSE: DAL) put the fear of rising oil prices into the market when it cut guidance for Q3. While rising oil prices impacted profitability, the 25% pullback in price action that has taken place since July is overblown. The company’s Q3 results and outlook confirm that Delta is... Read the Full Story |
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Consumer Discretionary | |
Domino’s Pizza (NYSE: DPZ) is no high-yielding stock, but it’s not the yield that matters so much as the trajectory of distribution growth. This company pays a tiny fraction of its earnings in dividends, about 35%, and has solid cash flow and an outlook for sustained distribution growt... Read the Full Story |
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Healthcare | |
Over the last several months, many sectors, industries, and the overall market have come under pressure and experienced significant outflows and waves of selling.
During this period, over the last three months, the SPDR S&P 500 ETF Trust (NYSE: SPY), which provides exposure to the S&P 50... Read the Full Story |
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Healthcare | |
Novo Nordisk A/S (NYSE: NVO) stock is up 38.97% this year on the strength of weight loss drug Ozempic, and diabetes treatment Wegovy.
But does Novo Nordisk’s good fortune translate to lower sales for companies like Walmart Inc. (NYSE: WMT), Coca-Cola Co. (NYSE: KO) and PepsiCo Inc. (NASDAQ:... Read the Full Story |
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Energy | |
The rumors about Exxon Mobil Corp. (NYSE: XOM) being in talks to acquire Pioneer Natural Resources Co. (NYSE: PXD) turned out to be true after all.
Exxon Mobil said on October 11 that it was merging with Pioneer in an all-stock transaction valued at $59.5 billion, or $253 per share.
Shares of ... Read the Full Story |
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Energy | |
Once again, a brief look at the MarketBeat list of Most Downgraded Stocks proves that opportunity is where you find it. While solar stocks have seen their share prices plummet over the past few quarters, driven by analysts' revisions and short selling, the markets appear to be overextending and ov... Read the Full Story |
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Industrials | |
Despite having plunged more than 10% through September and into October, the iShares U.S. Aerospace & Defense ETF (BATS: ITA) has been bouncing back hard this week.
It was a fall that forced the stock's RSI to hit the low 20s, indicating highly oversold conditions, so a snapback isn't perha... Read the Full Story |
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Friday's Early Bird Stock Of The Day NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets. The company had approximately 33,276 megawatts of net generating capacity; approximately 90,000 circuit miles of transmission and distribution lines; and 883 substations. It serves approximately 12 million people through approximately 5.9 million customer accounts in the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida. | | View Today's Stock Pick |
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