Good MorningEquity markets rebounded on Tuesday as treasury yields advanced, and better-than-expected earnings from Verizon helped calm frayed nerves. Verizon's results were mixed with revenue as expected, but profitability was better than expected, and free cash flow guidance was raised. The news sparked an 8% rise in the share price as investors scooped up the deep value and high yield the stock had to offer.
The S&P 500 gained about 1% at the session's high to reveal support at a critical level. The caveat for traders and investors is that the rebound is tepid in light of the previous correction and the outlook for PCE prices on Friday. The PCE Price Index is expected to accelerate from the prior month and reinvigorate the idea more interest rate hikes are coming. In this scenario, Tuesday's rebound is nothing more than a relief rally within a downtrend, and the downtrend will likely continue before the week is through. Featured: Sell these "safe" blue chips immediately (Ad) 
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Industrials | |
Shares of 3M (NYSE: MMM) are up more than 5% in early morning trading after the company posted a double beat in its third quarter earnings report. The St. Paul, Minnesota-based company delivered revenue of $8.31 billion, which was above analysts' expectations for $7.99 billion. On the bottom line,... 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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Healthcare | |
If you look at MarketBeat's list of dividend aristocrats, you'll see a select group of publicly traded companies that have an outstanding track record of consistently increasing their dividend payouts for at least 25 consecutive years.
That list is stacked with plenty of familiar large caps, such... Read the Full Story |
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Consumer Discretionary | |
The pandemic lockdowns accelerated the use of food delivery and takeout services. Companies like Uber Technologies Inc (NYSE: UBER), Uber Eats, Maplebear Inc. (NASDAQ: CART), Instacart and Door Dash Inc. (NYSE: DASH) reintroduced consumers to eating at home, not to mention gig work. Meal kit deliv... 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 | |
The weather is getting notably cooler as this winter is expected to be more frigid, frosty and slushy than years past, according to the Farmer's Almanac forecast. Outdoor apparel and footwear are two segments of retail that may get a boost this year as a result of the chillier weather to come. Her... Read the Full Story |
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Technology | |
This week marks a pivotal moment in the financial world as some of the globe's most influential companies unveil their quarterly earnings reports, particularly in the technology sector.
These earnings disclosures have become a significant focal point for investors, traders, and market enthusiast... 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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Materials | |
Packaging Corporation of America (NYSE: PKG) isn't a high-flying name; it doesn't have a robust outlook for growth, but it is a total package for buy-and-hold investors. The company is blue-chip quality, has a healthy balance sheet, established business, a clear outlook for earnings, and returns c... Read the Full Story |
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Utilities | |
By now, the trend surrounding energy stocks should be clear as daylight non-renewable sources are at an increasing risk of needing a suitable replacement. However many years this transition will take, and trust that it will be a while, you can start to position a small part of your portfolio for t... Read the Full Story |
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Communication Services | |
Verizon (NYSE: VZ) stock presents a compelling value-to-yield combination that should have the market for this stock boiling. The stock trades at a ridiculously low 7X its earnings while paying nearly 8.5% in yield. If this were some fly-by-night investment vehicle, the yield would be a red flag, ... Read the Full Story |
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Materials | |
Is Warren Buffett ever wrong? If you are sighing at the fact that you hesitated to buy construction stocks due to tales of doom and gloom, then today is your lucky day, as MarketBeat is bringing you yet another way to measure this market more clearly and maybe even ride the rest of the wave higher... Read the Full Story |
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Industrials | |
General Electric (NYSE: GE) is the poster child for big, blue-chip conglomerates that grew too big, were forced to split, and rose like a phoenix to new life. The company is not completely out of the woods, but the efforts to turn it around are paying off.
The takeaway is that the Q3 results and... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day EVERTEC, Inc. engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services - Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards. In addition, the company offers payment processing services that enable financial institutions and other issuers to manage, support, and facilitate the processing for credit, debit, prepaid, automated teller machines, and EBT card programs; credit and debit card processing, authorization and settlement, and fraud monitoring and control services to debit or credit issuers services. Further, it provides business process management solutions comprising core bank processing, network hosting and management, IT professional, business process outsourcing, item and cash processing, and fulfillment solutions to merchant, fintech, financial institutions, and corporate and government customers. Additionally, the company owns and operates the ATH network, a personal identification number debit networks. It manages a system of electronic payment networks that process approximately six billion transactions. The company sells and distributes its services primarily through direct sales force. It serves financial institutions, merchants, corporations, and government agencies. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico. | | View Today's Stock Pick |
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