Good MorningEquity markets advanced on Monday, extending the rebound that began last week. Mixed news has investors on edge, but bank earnings suggest a solid reporting season for the S&P 500, lifting it by more than 1.0%. If the index can post earnings growth, it will be the first time in several quarters, putting the index on track to extend the 2023 gains in 2024. The question is what kind of guidance the reporting season will bring, and the odds favor downward revisions. In this scenario, lift the market gets from the Q3 reporting cycle could be short-lived.
The market is bracing for a week filled with economic reports, Fed-speak, and earnings reports. Releases due include Philly Fed and Empire State manufacturing surveys, retail sales, the Beige Book, and at least 11 speaking appearances by Fed members. Any of these events may include insight into the Fed's next move. Because the market is still undecided about the peak of rates, unexpected news of any kind could spark market volatility including rallies or corrections. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Staples | |
The Chefs' Warehouse Inc. (NASDAQ: CHEF) is a wholesale distributor of high-end specialty food products ranging from meats, seafood, dairy and fresh produce to cakes, truffles and caviar. They also offer kitchen supplies and equipment. Its supply chain includes over 2,500 suppliers and 55,000 stoc... Read the Full Story |
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Markets | |
Online retailer Overstock.com Inc. (NASDAQ: OSTK) sells home décor and products at a discount. It renamed its online presence after acquiring the IP rights to Bed Beth & Beyond for $21.5 million in June 2023 from bankruptcy. The purchase included the Bed Bath & Beyond brand name, cu... Read the Full Story |
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Utilities | |
Do you need proof that rising interest rates are taking their toll on corporate profits? Look no further than NextEra Energy, Inc. (NYSE: NEE).
The Florida-based electric utility is feeling the heat from higher rates, and its bottom line is getting burned. After posting 14% profit growth in 2022... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Staples | |
During the recent times of record high inflation (2021-2022), a few things have changed to dislocate markets from where they stood before the COVID-19 pandemic. However, this is not your grandfather's post-crisis rally; the next period could be what some economists call 'the lost decade.'
Today's... Read the Full Story |
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Consumer Staples | |
In an unprecedented battle between modern medicine and traditional snacks, Mondelez International, Inc. (NASDAQ: MDLZ) appears to be losing. Since a Walmart executive revealed that customers who are taking obesity drugs like Novo Nordisk blockbuster Ozempic are buying less food, the impact on Mon... Read the Full Story |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Markets | |
Investors are back to playing defense.
Consumer staples stocks were trading higher on October 13 as markets widely anticipated higher interest rates and weakening economic conditions that could boost shares of companies selling essential products like food and toothpaste.
Retailers Costco Whole... Read the Full Story |
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Healthcare | |
Today's market has changed; there seems to be a divided front between yield and risk. When interest rates are low, it is easy for investors to take on risk in stocks that may be promising some questionable growth targets because it is better to have a 50% chance of winning rather than a 100% chanc... Read the Full Story |
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Consumer Staples | |
Consumer stocks are under intense scrutiny due to shifting habits and mixed results. The takeaway from the sector is that not all consumer stocks are made the same; some are built to stand the test of time and deliver consistent returns to investors. Among the qualities driving results in today&rs... Read the Full Story |
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Energy | |
Oil Flares Up Amid Middle East Crisis
Tensions between Israel and Gaza are proving to be another catalyst for surging oil prices. With Brent crude futures closing back in on the $90 per barrel level on Friday — and no end in sight to the latest Middle East conflict — $100 oil may be ... Read the Full Story |
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Industrials | |
The US Department of Energy finally decided who would get a piece of the $7 billion Federal funding for green hydrogen, and the news may surprise you. The funding is intended to build green hydrogen infrastructure, but the terminology would be more suitable if it read “greener” hydroge... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, and pick-up trucks used by small businesses, as well as non-fleet taxis, black-car services, and airport taxis; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks used by light contractors and heavy constructions; log trucks and garbage trucks used by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; acts as an agent to homeowners, general liability, workers' compensation insurance, and other products; and reinsurance services. It sells its products through independent insurance agencies, as well as through mobile applications and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio. | | View Today's Stock Pick |
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