Good MorningEquity markets continued to rebound on Tuesday, but investors should not read too much into the move. The S&P 500 gained less than 1% for the day and remains below critical resistance. If anything, Tuesday's gain was a relief rally within a bear market and 1 that comes with outsized risk. Today is the FOMC policy decision, and the odds are high that the committee will issue a very hawkish statement.
The pace of inflation remains high despite recent slowing and will keep the Fed's foot on the economic brakes indefinitely. In the absence of a recession, the odds favor high inflation for a prolonged period due to resilient labor markets, consumer spending and oil demand.
Regardless, the consensus figures for Q4 and 2024 S&P 500 earnings growth are suffering. The consensus figure for Q4 is down 50% from its peak and could fall further. Because earnings growth is a market-leading data point, it is likely the S&P 500 will continue to see downward pressure. Featured: The Calm Before the Rotation — What’s Quietly Building Now (Stock Wire News) (Ad) 
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Communication Services | |
Global streaming audio platform Spotify Technology SA (NASDAQ: SPOT) had an impressive third quarter of 2023. Its metrics have improved, and the integration of artificial intelligence (AI) into its platform is making noticeable improvements in its business. Spotify has used personalization as a ke... 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 | |
Check Point Software (NASDAQ: CHKP) is not a high-flying hyper-growth story but a solid, blue-chip name in cybersecurity. It produces growth, but slowly. The more attractive feature is its cash flow and share repurchasing power. Check Point Software is a cash flow engine that drives shareholder va... Read the Full Story |
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Real Estate | |
Traditional businesses typically become stagnant or outright 'boring' due to a combination of positive and negative factors. On the positive side, stagnation and stability come from the 'if it's not broken, don't fix it' attitude of doing things the same as before just because they've been working... 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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Healthcare | |
The Health Care Select Sector SPDR Fund (NYSEARCA: XLV) was down 3.81% in the past month and 8.03% in the past three months. The latest round of pharmaceutical stock earnings isn't helping sector performance.
S&P 500 components Bristol Myers Squibb Co. (NYSE: BMY), AbbVie Inc. (NYSE: ABBV),... Read the Full Story |
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Industrials | |
Shares of Caterpillar (NYSE: CAT) fell after a sequential slow-down in business. The slowdown suggests slowing in the industrial equipment industry, foreshadowed by competitors such as Volvo (OTCMKTS: VOLVY), but it’s not the worry for investors that it could be. For 1, the slowdown is seaso... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Consumer Discretionary | |
Now that the American consumer is worried more and more about stretching each dollar further and further, there will likely be an exciting divide within the most significant consumer discretionary stocks for the coming quarter. As reported recently, student loan payments will be reinstated, delive... Read the Full Story |
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Markets | |
Once one of the best-performing sectors in the economy, on a three-year basis, energy stocks are now beginning to show some signs of weakness due to structural cracks. On a year-to-date basis, this former champion has lagged the S&P 500 by 8.0%, as judged by the Energy Select Sector SPDR Fund ... Read the Full Story |
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Healthcare | |
Shares of Johnson & Johnson (NYSE: JNJ) slid 4.84% lower the week ending October 27, as the company’s subsidiary LTL Management is facing a raft of lawsuits pertaining to talc in its baby powder.
Financially, a bankruptcy for that unit would make sense, so the company could avoid subst... Read the Full Story |
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Consumer Discretionary | |
Intel (NASDAQ: INTC) stock is beaten down, but the bottom is in, and the rebound is on. Headwinds persist and may impact price action in the near term but are offset by proof the turnaround is working, and momentum is building. Takeaways from the Q3 results include top and bottom-line outperforman... Read the Full Story |
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Industrials | |
Uber Technologies Inc. (NYSE: UBER) customers may notice something missing the next time they hop into their ride — a driver.
On Thursday, the ride-hailing leader teamed up with Alphabet’s Waymo subsidiary to launch fully autonomous vehicle (AV) transportation in Phoenix. The city wil... Read the Full Story |
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Wednesday'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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