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: Move Your Money Here Before August 31st (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 | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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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 | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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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 | | 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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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 GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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