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 suits might come after me for showing you this (Ad) 
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Consumer Discretionary | |
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 | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
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Retail/Wholesale | |
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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Consumer Discretionary | |
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 | | Not all dividend stocks are worth holding. Some have built a long track record of rewarding shareholders through shifting market conditions - and a new report identifies five that stand out today.
These five companies are selected for dividend potential, financial strength, and long-term outlook. One may already be on your watchlist. The others could surprise you. | | Request your free copy of the 5 Top Dividend Stocks report now |
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Transportation | |
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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Retail/Wholesale | |
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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From Our Partners | | Every machine we built needed a person - until now. For the first time, a machine reads contracts, writes code, answers customers, and makes judgment calls. Companies are already telling Wall Street that doing more with fewer people is a feature.
Hiring has slowed to its weakest pace in years even as the economy grows. Some of those jobs are not coming back. Porter Stansberry has put the full case on film - the names to own, the names to sell, and three moves to position your portfolio on the right side of this shift. | | Watch the documentary now and see exactly which stocks to own |
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Medical | |
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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Medical | |
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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Aerospace | |
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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