Good MorningEquity markets slipped at the open on Monday but regained their footing to close the session near flat for the day. Mounting worries linked to geopolitical tensions, inflation, and rising interest rates are to blame, but investors remain resilient. This week will bring many earnings reports, so the market is hopeful. The risk is that earnings will be better than expected but offset by weak guidance.
Economic data is another risk this week. There are several reports on the calendar, including the Q3 GDP but the only thing that matters is the PCE price index on Friday. The PCE price index is expected to accelerate at the core level and may come hotter than expected. Oil prices have risen significantly since the summer, helping sustain high inflation levels. Another hot read on the PCE will give more cause for the Fed to hike rates again and could spark a sell-off in equities. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Retail/Wholesale | |
Retail department store chain Kohl’s Co. (NYSE: KSS) could be an end-of-year turnaround story for 2023. The company had disastrous earnings in the last quarter of 2022 heading into the new year. Kohl’s was bogged down with bloated inventory and a miscalculated product mix as the compan... Read the Full Story |
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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 |
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Transportation | |
Flying vehicles are no longer exclusive to movie screens and the Jetsons. They are no longer science fiction but rather quickly becoming a reality. Profits or even revenues, on the other hand, still reside firmly in the realm of fantasy. Flying vehicles are technically called electric vertical tak... Read the Full Story |
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Technology | |
Technology infrastructure is a vast category encompassing hardware and software components that support and optimize the delivery and utilization of information technology (IT) services. Companies in this category can provide hardware, including servers, storage, and networking equipment to softwa... Read the Full Story |
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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 |
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Technology | |
Earnings season is ramping up, with many companies already coming in ahead of expectations in what will be an eagerly watched couple of weeks. Investors will have a lot to chew on as companies report. For example, the S&P 500 index has been trending down since August, so a strong season is nee... Read the Full Story |
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Energy | |
Shares of Chevron Corp. (NYSE: CVX) gapped down hard on October 23 after saying it would buy fellow S&P 500 component Hess Corp. (NYSE: HES) in an all-stock deal valued at $53 billion.
Under terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share.
... Read the Full Story |
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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. |
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Consumer Discretionary | |
International casino resort operator Las Vegas Sands Co. (NYSE: LVS) name may be slightly misleading now since they no longer own or operate any casinos in Las Vegas or the U.S. The company operates integrated casino resorts in Macao and Singapore. It had sold off its remaining Las Vegas propertie... Read the Full Story |
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Business Services | |
Consumer-Focused Cyber Safety
As the world spends countless hours on their computers, tablets and phones, Gen Digital (NASDAQ: GEN) is doing its part to keep it safe.
A year removed from changing its name from NortonLifeLock, the Arizona-based company is one of the most prominent names in con... Read the Full Story |
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Medical | |
Results from Johnson & Johnson (NYSE: JNJ) and Abbott Laboratories (NYSE: ABT) foreshadow good news for MedTech investors. Both companies outperformed on the top and bottom lines, driven by broad strength in their MedTech units.
Based on procedure volume data and the outlook for procedure gr... Read the Full Story |
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Markets | |
Whether you drive a gas-guzzling motor vehicle or a cutting-edge electric vehicle (EV), all modern automobiles require semiconductors to operate. This was noticeably apparent during the post-pandemic reopening when automobile prices surged through the roof as the supply of vehicles shrank due to t... Read the Full Story |
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Industrials | |
The 3D printing industry has been in a round-robin wrestling tournament in 2023. The belle of the ball is Stratasys Ltd. (NASDAQ: SSYS), a company that has been both a hunter and the hunted. Stratasys is a polymer-based 3D printing solutions provider that provides platforms, materials and applicat... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. In addition, the company's upstream assets comprise Bakken in northwest North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado. | | View Today's Stock Pick |
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