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: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Staples | |
Consumer staples names have lagged over the past year as tough comps and shifting consumer habits cut into the outlook. The trends have many of these stocks trading at significant discounts to their historical price action and some offering deep-value and high yields. While these stocks don’... Read the Full Story |
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Energy | |
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 institut... Read the Full Story |
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Technology | |
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 tech sto... 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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Energy | |
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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Retail/Wholesale | |
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&rsqu... 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.
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Retail/Wholesale | |
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 curr... Read the Full Story |
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Consumer Staples | |
The consumer staples sector is getting beaten up in the 2nd half of 2023, and for no other reason than the sector is boring. It's growing but not quickly; it's not outperforming, but it has been widening margins and driving cash flow, which is of interest. Widening margins and improving cash flow ... Read the Full Story |
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Energy | |
A look at the short sale lists is always interesting because there are usually as many names worthy of buying as selling. Marketbeat.com's list of high-short-interest stocks is no different than usual in early October; many names are trending lower for a reason, but also a few potential candidates... Read the Full Story |
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Transportation | |
When you're looking to buy a stock to gain exposure to a particular industry, you're frequently choosing between companies with similar business models.
FedEx Corp. (NYSE: FDX) and United Parcel Service Inc. (NYSE: UPS) are similar businesses, but the stocks have behaved quite differently this y... Read the Full Story |
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Consumer Discretionary | |
Shares of Ralph Lauren Corp (NYSE: RL) have been trading in a relatively narrow range for much of the past eight years. That's not to say there haven't been many ups and downs in the meantime, because there have, but the reality is they're currently trading for the same price they were back in 201... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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