Good MorningEquity markets began the week on an upswing, with the S&P 500 rising more than 1.5% at the session's high. The move was driven by some better-than-expected earnings reports and the hopes the FOMC will be lenient on Wednesday. The FOMC is expected to release its next policy move on Wednesday, and for that to be no change to base rates. However, the market should be ready for a hawkish statement. Inflation has cooled from its highs but remains hotter than target and will keep the Fed hawkish for the next year.
This week will bring a host of earnings reports with more than 150 S&P 500 companies slated to report. By the end of the week, more than 75% of the index will have reported bringing the season to its penultimate segment: retail. Until then, the season is unfolding largely as expected, with earnings growth in the low single digits and the consensus estimate for Q4 falling sharply. Featured: 120 days remain before new defense mineral rules take effect (Ad) 
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Technology | |
Despite a gain of 1.13% in the Invesco QQQ (NASDAQ: QQQ), which tracks the Nasdaq 100 index, Tesla Inc. (NASDAQ: TSLA) skidded 4.79% after disappointing guidance from chip supplier ON Semiconductor Corp. (NASDAQ: ON).
ON Semi reported third-quarter results, topping both earnings and revenue view... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Markets | |
The answer to whether Exxon Mobil (NYSE: XOM) or Chevron (NYSE: CVX) is a better buy is relative. Exxon was clearly the better buy for investors before the Q3 results were released, but now that those results are in, the tables have turned. While the 2 reported roughly in alignment with each other... Read the Full Story |
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Industrials | |
What if you heard about a stock that provided you with nearly zero downside risk while potentially promising you an 80% upside? What is it? Here's a hint: it is one of the most beaten-down names within a list of airline stocks, one that is set to ride the domestic travel wave higher than others.
... Read the Full Story |
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From Our Partners | | A new tool called Oracle tracks insider bets hidden in the predictions market, flagging which stocks and options could be affected.
During beta testing, Oracle identified notable short-term moves including USO up 39% in four days, PLTR up 43% in a day, and WEN up 67% in two days, all through a regular brokerage account.
See how Oracle spots these hidden insider bets before they make headlines. | | Get free access to Oracle and see the data now |
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Technology | |
The world's largest dedicated semiconductor foundry, Taiwan Semiconductor Manufacturing Co. Limited (NYSE: TSM), is critical to the global chip supply chain. The company produces 80% of the world's semiconductors and is the barometer of the chip industry. Some of its largest customers include Adva... Read the Full Story |
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Consumer Discretionary | |
Many consider Goldman Sachs (NYSE: GS) as one of the 'masters of the universe' when it comes to investment strategy and decisions. Fortunately for the rest of the world, these geniuses are - sometimes - generous enough to accumulate some goodwill with the public.
The bank's 'conviction list,' oth... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Energy | |
For decades, the financial services industry has steadfastly recommended that most investors use a simple portfolio mix of 60% stocks and 40% bonds.
There was a good reason for that advice: The 60/40 portfolio worked.
Since the 60/40 portfolio was developed in 1961, its average annual return ha... Read the Full Story |
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Communication Services | |
You don't hear so much about the Magnificent Seven tech stocks anymore as the S&P 500 has been selling off since August.
That group consists of Apple Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT), Alphabet Inc. (NASDAQ: GOOGL), Amazon.com Inc. (NASDAQ: AMZN), Nvidia Corp. (NASDAQ: NVDA... Read the Full Story |
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Communication Services | |
Even though the stock only IPO'd in 2021, shares of Roblox Corp (NYSE: RBLX) have given investors a wild ride in the years since. An initial 130% rally soon gave way to an 85% haircut, but the past eighteen months have seen shares trade comparatively range bound, albeit with their fair share of do... Read the Full Story |
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Consumer Discretionary | |
Having endured a horrendous 2022, shares of Amazon.com, Inc. (NASDAQ: AMZN) have been working hard to turn things around this year. Through the middle of September, they’d rallied 80% and were less than a 30% move from their 2021 all-time high. Knowing Amazon, and its ability to launch gravi... Read the Full Story |
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Consumer Discretionary | |
Restaurant stocks lost traction over the summer, but the correction is over. Results from Mcdonald's (NYSE: MCD) and Chipotle Mexican Grill (NYSE: CMG) reveal consumer spending remains solid, and companies with brand, digital, and a focus on execution can produce results for investors.
Today's ta... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services. The company also provides clearing house services, including clearing, settling, and guaranteeing futures and options contracts, and cleared swaps products traded through its exchanges; and trade processing and risk mitigation services. In addition, the company offers a range of market data services, including real-time and historical data services. It serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. The company was founded in 1898 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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