Good MorningEquity markets pulled back last week, casting a dark shadow on the near-term outlook. The S&P 500 fell more than 2.25% to create a Bearish Engulfing Pattern that confirms resistance at a lower level than before. This shows bears advancing on the back of increasing risk and the odds of another FOMC interest rate hike. War in the Middle East threatens to spur inflation as the government ramps up aid and military spending.
This is going to be another trying week for equity markets. The PCE Price Index is due on Friday and will likely show persistently high inflation. The risk is that high oil prices will show in the data, and inflation will accelerate. In this scenario, the FOMC will have no choice but to hike rates again, and it could come as soon as the end of the year. A hot read on the PCE could send the S&P below critical support and open the door to another 5% decline. Featured: Sell these "safe" blue chips immediately (Ad) 
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Finance | |
After a stellar first half to the year, especially when compared to last year's bloodbath, the S&P 500 index has been trending down since August. Friday was its third big down day in a row, and by the time markets closed for the weekend, the benchmark index was back at the same levels it was t... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Technology | |
Although the AI mania has subsided somewhat, investors are still rewarding companies that are actually generating AI-related revenue, not coasting by on potential.
One company that's not as well known as AI titans like Nvidia Corp. (NASDAQ: NVDA) is Super Micro Computer Inc. (NASDAQ: SMCI).
Sup... Read the Full Story |
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Consumer Discretionary | |
Online sports betting company DraftKings Inc. (NASDAQ: DKNG) is forming a bullish base below an early August high of $34.49, as you can see on MarketBeat's DraftKings chart.
The stock has been one of the 2023 heroes, advancing 143.37% year-to-date, although its current base means it's posted a t... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | |
Crocs, Inc. (NASDAQ: CROX) is the Colorado headquartered foam clog maker. We all know them to see and probably have a pair lying around the house, and if you’re a long-term investor in their shares, then you know you’ve been on a rollercoaster. A 75% sell-off after 2021’s massive... Read the Full Story |
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Consumer Staples | |
Consumer staples are beaten down. These stocks are down double-digits from their recent highs and trading significant support levels, suggesting the bottom is in. While near-term headwinds impact business and, more significantly, investor sentiment, they continue to grow and have a favorable outlo... 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.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Industrials | |
Fastenal (NASDAQ: FAST) and Simpson Manufacturing (NYSE: SSD) are in similar businesses with a similar outlook for growth, but 1 is the better buy for investors today. While Fastenal is growing quicker and pays a higher yield, the trajectory for growth, dividends, and distribution growth at Simpso... Read the Full Story |
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Communication Services | |
Nvidia Corp. (NASDAQ: NVDA) has been the S&P 500’s big winner this year on the strength of its AI chips, but other chip stocks are also going along for the ride.
While stocks like Broadcom Inc. (NASDAQ: AVGO), Advanced Micro Devices Inc. (NASDAQ: AMD), Cadence Design Systems Inc. (NASDA... Read the Full Story |
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Industrials | |
Everyone is aware of Warren Buffett's new position in construction and homebuilder stocks. Since you are here browsing on MarketBeat, it is safe to assume that you are not everyone and are looking to find actionable steps into what comes next.
By purchasing stocks like D.R. Horton (NYSE: DHI) and... Read the Full Story |
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Finance | |
3 High Dividend Stocks To Beat Treasury Yields
Today's market is more treacherous than ever; this is not your father's - or even your grandfather's - business cycle; it is a new battlefield out there. Previously, when uncertainty became present throughout markets, information took weeks and s... Read the Full Story |
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Communication Services | |
América Móvil (NYSE: AMX) is an interesting telecom opportunity for investors, given its performance relative to US-based competition and the outlook for emerging markets next year. This company is performing in alignment with its competition(including FX headwinds), and emerging mar... Read the Full Story |
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Monday's Early Bird Stock Of The Day SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage. The Solar segment offers power optimizers, inverters, batteries, storage solutions, electric vehicle chargers, smart tracking solutions, and smart energy management software products; Monitoring platform, a cloud-based monitoring platform, which collects power, voltage, current, and system data sent from inverters and power optimizers; and MySolarEdge app, that enables system owners to track their real-time system production and household energy consumption. This segment also provides Designer platform, an web-based tool that helps solar professionals to plan, build, and validate residential and commercial systems; Mapper application for registering the physical layout of new PV sites installed with DC optimized inverter systems; SetApp application that activates and configurate inverters; and grid services. The Energy Storage segment provides lithium-ion cells and containerized battery systems (BESS) solutions for commercial, industrial, and utility markets; modules and racks; purpose-built components and solutions, and hardware and software tools; and pre and post sales engineering support for designing, building, and managing battery and system solutions. The company offers e-mobility products, automated machines, and UPS products; and pre-sales support, ongoing trainings, and technical support and after installation services. It sells its products through solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was incorporated in 2006 and is headquartered in Herzliya, Israel. | | View Today's Stock Pick |
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