Good MorningEquity markets continued to sell off on Wednesday following stronger than expected New Home Sales. The pace of new home sales surged in September as prospective buyers tried to front higher interest rates. The news would otherwise be good equities but reveals sustained demand in the housing market that will underpin high home prices and inflation. The S&P 500 shed nearly 1.5% at the low of the session, setting a new low, and it appears ready to move lower again later this week.
The next 2 days will be trying for equity markets. The Q3 GDP read, September retail sales, and the PCE price index are due, and all are expected to be hot. In this scenario, the FOMC will keep interest rates high, and the risk of additional increases grows. Recent comments from JPMorgan CEO Jamie Dimon suggest that another single 25 basis point hike will be insufficient to cap inflation, and multiple hikes are still ahead. The odds that the FOMC will break something in that scenario are insurmountable. Featured: Boring, cheap, and paying 6% (Ad) 
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Markets | |
Oilfield services stocks like Halliburton (NYSE: HAL) and Schlumberger (NYSE: SLB) are pulling back following their Q3 earnings reports, but this is not the time to sell. These stocks are supported by a global supercycle that has years to run. The cause for the post-release weaknesses is tepid res... Read the Full Story |
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Markets | |
The business cycle is dislocating sectors left and right. Just a couple of years ago, it seemed that no matter which one you looked at, they all beat the S&P 500 benchmark. We are getting further and further away from that bullish sentiment these days, as favoritism and allocation preference c... Read the Full Story |
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Markets | |
When optimism takes over the masses, you can bet your bottom dollar that herd behavior will cause investors and markets to follow into hype-related stocks, typically high beta ones. Some examples of these businesses could be consumer discretionary stocks. These companies rely on the optimism in th... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Technology | |
Insider selling can signal horrible things to come for stock prices but is not always a harbinger of doom. Share-based compensation is a common practice among publicly traded and private corporations and can result in an active insider market. Remember, insiders aren’t allowed to sell their ... Read the Full Story |
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Industrials | |
One aircraft company that hasn’t benefited from the travel recovery is Spirit AeroSystems Holdings, Inc. (NYSE:SPR). The Kansas-based plane parts manufacturer has been grounded by the Russia-Ukraine conflict, fewer orders, labor costs and lingering supply chain issues. A wider net loss is ex... 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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Markets | |
People often forget that, despite the presence of trading bots and algorithms, the majority of the market is comprised of people with one common goal: to make the bottom number bigger. There is one other thing these participants shared: the same psychological drivers.
When it comes to real estate... Read the Full Story |
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Technology | |
While tech titans Nvidia Corp. (NASDAQ: NVDA) and Apple Inc. (NASDAQ: AAPL) languish below their 50-day moving averages, cloud networking software maker Arista Networks Inc. (NYSE: ANET) joins Meta Platforms Inc. (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOGL) as tech titans holding above that li... Read the Full Story |
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Technology | |
Microsoft may be highly valued (NASDAQ: MSFT), but the company and stock price still have plenty of room to run. Valuation, the P/E multiple, and market cap are fickle things and driven by desire, and Microsoft is a desirable stock. The company is not only a blue-chip tech operator but a cutting-e... Read the Full Story |
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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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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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Thursday'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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