Good MorningEquity markets rebounded Wednesday after the ADP report came in weaker than expected. The takeaway is that bad news is now good news and puts the market in a precarious position. Bad news suggests a weakening labor market that will undermine consumer spending, economic activity, S&P 500 earnings, and inflation. In this scenario, the cure for the illness may be worse than the disease.
The next big hurdle for the market is on Friday. The NFP report is due out and may confirm the ADP weakness. The caveat is that the 2 labor market data do not track in alignment on a month-to-month basis, and the NFP could paint a far different picture. Regardless, the key point in the NFP report will be the wage inflation data. If wages continue to run hot, it may not matter how many jobs are created. Featured: How to Collect Up To $5,917/mo From Trump’s Made In USA Boom (Ad) 
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The oil and gas machinery and equipment industry has been rising up the ranks this year in terms of aggregate price.
While two very small stocks, Geospace Technologies Corp. (NASDAQ: GEOS) and Profire Energy Inc. (NASDAQ: PFIE) are the industry’s price leaders, stocks drawing more ins... Read the Full Story |
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From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
Because it could hold the key to the entire $100 trillion AI boom.
It involves an American ghost town with just 30 people…
And a new twist to the AI boom that could make a lot of people rich. | | Click here to see the details on what could be the biggest tech story of this decade. |
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Cybersecurity firm Zscaler Inc. (NASDAQ: ZS) has been forming a bullish consolidation along its 10-week moving average, posting these recent price advances.
One month: 1.58%
Three months: 9.97%
Year-to-date: 43.78%
The stock is a leader in the cybersecurity subindustry within the tec... Read the Full Story |
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What started out to be a promising third quarter for U.S. stocks turned into a dud. On the backs of artificial intelligence (AI) excitement, the S&P 500 stormed out of the gates in July only to trend lower in August and September. The large-cap index finished down 3.7% in Q3 but remained up 11... Read the Full Story |
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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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When it comes to keeping investors on their toes and giving them sleepless nights, few stocks can match Foot Locker Inc (NYSE: FL). The footwear and athletic apparel store has had its fair share of eye-watering rallies and drops over the years, and there are no signs of this abating, with the... Read the Full Story |
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The last time Abercrombie & Fitch Co. (NYSE:ANF) traded this high, Usain Bolt was the male World Athlete of the Year.
Shares of the lifestyle clothes retailer have sprinted to their highest level since November 2011. Not to be mistaken for main competitor Gap, they have ‘gapped up... Read the Full Story |
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From Our Partners | | I made a mistake.
A mistake I feel very foolish about.
After speaking with Donald Trump and some of his advisors, I believed him.
I believed the promise that he would finally confront the single most dangerous threat to American life. That he would fix the ticking time bomb I’ve been warning about for 15 years.
But I was wrong. | | Let me show you exactly what we’re doing to prepare. |
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Markets | | | Investors soon won't be able to follow Warren Buffett's every move in HP's stock if the billionaire's company keeps selling off shares of the printer and computer maker.Berkshire Hathaway’s ownership of HP Inc. is about to drop below 10% after it sold nearly 5 million shares, according to a regulato... Read the Full Story |
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Markets | | | Shares in Scandinavian Airlines have dropped more than 90% after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased Read the Full Story |
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Stocks | | | Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession. Since mid-summer, the yield on the 10-year Treasury note, a benchmark for many loans, has steadily climbed, causing a ... Read the Full Story |
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Markets | | | The European Union announced plans on Tuesday to better protect its cutting-edge technologies from foreign snooping that might threaten its economy and security in the wake of repeated warnings that the bloc needs to “de-risk” its relations with China. “Technology is currently at the heart of geopol... Read the Full Story |
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Markets | | | Officials from the International Monetary Fund say they expect the United States will continue playing its key role in amassing multinational support that has helped keep Ukraine's economy afloat during Russia’s invasion. That's despite Congress recently passing a short-term funding package that ave... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Edgio, Inc. provides edge-enabled software solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates private global networks with distributed computing resources and extensive connectivity to last-mile broadband network providers; offers live and on-demand video delivery services; and provides platform, media, and application solutions. It also offers cloud security, edge compute, origin storage, and support services. In addition, the company provides content delivery, video content management, and streaming services, performance services for website and web application and security; professional services, cloud storage, and edge computing services. The company was formerly known as Limelight Networks, Inc. and changed its name to Edgio, Inc. in June 2022. Edgio, Inc. was founded in 2001 and is headquartered in Phoenix, Arizona. | | View Today's Stock Pick |
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