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: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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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 |
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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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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 |
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Communication Services | |
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 |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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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 |
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Consumer Discretionary | |
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 |
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From Our Partners | | A small-cap gold and silver royalty company is generating record revenue from producing mines, yet shares still trade under 1 dollar.
It just signed the largest transaction in its history, a new gold streaming deal backed by a strategic relationship with a major mining investment firm.
A well-known sector financier has invested his own money and joins the CEO in an exclusive interview breaking down the full story. | | Click here for instant access to the free report now |
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Consumer Discretionary | |
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 |
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Consumer Discretionary | |
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 |
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Industrials | |
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 |
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Consumer Discretionary | |
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 |
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Consumer Discretionary | |
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 |
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Monday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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