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: The 7 Stocks Quietly Gaining Attention Right Now (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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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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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 | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Industrials | |
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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Consumer Discretionary | |
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 | | SpaceX just went public - and Whitney Tilson, Harvard MBA and 30-year Wall Street veteran, says buying in could be a costly mistake. He calls it among the most overhyped, overvalued large-cap offerings ever pushed onto everyday investors.
Tilson believes a rare economic event is approaching - one with serious consequences for your portfolio this summer. He has prepared a free analysis outlining what he sees and the specific steps he recommends taking now. | | Read Tilson's free analysis and find out what to do with your money |
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Consumer Discretionary | |
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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Industrials | |
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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Industrials | |
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 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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