Good MorningEquity markets closed out a down month with a volatile week that ended on a sour note. The S&P 500 fell 5% in the period and is on track to shed another 5% or more. The next week will be another hurdle with key labor market reports due. Another month of solid job gains and 4.5% wage inflation will keep the Fed's foot on the economic brakes if it doesn't push them to hike rates again.
Oil prices rose while the stock market fell. WTI rose to a new 1-year high and may continue higher. The supply/demand imbalance is tilted in favor of higher prices so the trend is up regardless of where oil prices go in the near term. This means investors should expect persistent high oil prices and inflation to continue.
The next stop for the S&P 500 could be near 4,150, 3% below last week's close. That marks a critical support target at a previous resistance point which was pivotal to the summer rally. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Energy | |
The market has been swept by a sea of red month-do-date (MTD), with the overall market, the SPDR S&P 500 ETF (NYSE: SPY) down over 3% MTD. Apart from one sector, most sectors and industries have suffered the same outcome.
While the overall market has experienced significant momentum to the d... Read the Full Story |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Finance | |
Many investors are familiar with that uneasy feeling you can get in the pit of your stomach when a stock dives after a bad earnings announcement. It may still be a great brand and business, but this temporary - hopefully temporary - blip in the chart is often enough to send potential buyers runnin... Read the Full Story |
|
Technology | |
Despite a sudden 8% drop in the earlier part of the week, shares of Alphabet Inc (NASDAQ: GOOGL) are well on their way to undoing the dip and reclaiming their recent highs. The current rally, underway since last November, has already tacked on as much as 65% to share value. It also puts the stock ... Read the Full Story |
|
From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
|
Consumer Discretionary | |
Nike (NYSE: NKE) shares are sprinting higher after its FQ1 release. The takeaway from the report is that this leading shoe and apparel manufacturer’s business is normalizing in the wake of the COVID bubble, and the stage is set for continued, long-term growth. The question for investors toda... Read the Full Story |
|
Retail/Wholesale | |
In the current environment, where the SPDR S&P 500 ETF (NYSE: SPY) has faced a weekly downturn and is nearing an alarming 5% monthly loss, investors might perceive a glimmer of hope amid the turbulence.
The recent wave of selling pressure has sent shockwaves across the broader market, but it... Read the Full Story |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Retail/Wholesale | |
Despite having once been one of the better stocks to own for exposure to the e-commerce industry, PayPal Holdings Inc (NASDAQ: PYPL) has recently fallen on hard times. Its shares have been sinking since they last tagged an all-time high in July 2021, when the pandemic had more people buying online... Read the Full Story |
|
Auto/Tires/Trucks | |
By now, the headlines rewarding UAW (United Auto Workers) striking against the major U.S. car manufacturing firms, such as Ford Motor (NYSE: F), General Motors (NYSE: GM), and Stellantis (NYSE: STLA), have made their way to every investor's morning bulletin.
What these headlines won't tell you, a... Read the Full Story |
|
Transportation | |
Delta Air Lines Inc. (NYSE: DAL) finished higher for the first time since September 19 after the company's CEO said it would make changes to its customer loyalty program.
The new round of changes was on the heels of unpopular updates Delta made two weeks ago. At that time, Delta said that in earl... Read the Full Story |
|
Retail/Wholesale | |
For retailers and logistics firms, ’tis the season to begin staffing up for the holidays.
While nobody’s saying the Grinch is about to steal the holiday season, there are signals that hiring could be weaker than in 2022.
United Parcel Service Inc. (NYSE: UPS) is among logistics com... Read the Full Story |
|
Retail/Wholesale | |
As an Ivy League law student, Federal Trade Commission chair Lina Khan once wrote that Amazon.com Inc. (NASDAQ: AMZN) was anti-competitive because its prices were too low.
That’s a tough premise on which to base your anti-trust argument if, a mere six years out from being in school, you&rs... Read the Full Story |
|
Monday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
|
