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: The 7 Stocks Quietly Gaining Attention Right Now (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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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 | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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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 | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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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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