Good MorningEquity markets advanced last week despite another hawkish twist in the FOMC saga. Fed Chief Jerome Powell apparently contradicted his own comments that the peak of the rate hiking cycle was near. He says the committee is not confident it's properly positioned to bring inflation back to the 2% target. In this scenario, the Fed will need to hike rates at least 1 more time to be sure and may need to hike more than once if inflation persists at above-target levels.
This week will bring a host of catalysts for the market including the CPI reading and earnings from retailers. Retailers from Home Depot to Target, Walmart, and TJX Companies are on deck and will give a deep glimpse into the state of the consumer. While spending is expected to remain solid shifts in habits favor Walmart and the off-price retailers. The real question is how the holiday season is shaping up and how much discounting it will take to drive store traffic. Featured: The suits might come after me for showing you this (Ad) 
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Technology | |
The rideshare industry has come a long way since its beginnings over a decade ago. While the business models make sense, the reality is that making profits is extremely hard for rideshare companies. It's also turning out to have very high barriers to entry. Ridesharing can be categorized as the Tr... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Consumer Discretionary | |
3D video game and development platform operator Roblox Co. (NYSE: RBLX) shares surged 11% on impressive Q3 2023 earnings results. The company is still losing money in the computer and technology sector, but growth has shifted back into acceleration mode. The gaming platform still appeals to the yo... Read the Full Story |
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Technology | |
Computer peripherals and accessories manufacturer Logitech International SA (NASDAQ: LOGI) stock has had a tumultuous ride in 2023. Shareholders were surprised when its decade-long CEO, Bracken Darrel, abruptly resigned on June 13, 2023. He left no explanation in the middle of a turnaround situat... Read the Full Story |
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From Our Partners | | Roger Scott just unveiled a day-trading tool designed to identify the first wave of institutional buying before a full order moves through the market - potentially in minutes.
On April 14th, the tool flagged early institutional buys on HOOD at 9:45 am, delivering a 24% return in 6 minutes. Minutes later, a signal on MSTR locked in a 33% return in 12 minutes. Free access is available now. | | Secure your free pass to the real-time institutional order tracker today |
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Technology | |
Collaboration software developer Atlassian Co. (NASDAQ: TEAM) products enable work teams to operate more effectively. Over 250,000 customers use the company's workflow collaboration and project management software throughout 190 countries, including over 80% of the Fortune 500. Its workflow softwa... Read the Full Story |
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Technology | |
British semiconductor company Arm Holdings plc (NASDAQ: ARM) released its first earnings since reentry into the public markets. While Arm is a semiconductor company in the computer and technology sector, it doesn't produce or sell computer chips. Instead, the company designs and licenses its mobil... Read the Full Story |
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From Our Partners | | Roger Scott spent twenty years on Wall Street moving billions through the market. Now he's exposing the 'empty chair' signal he says sits behind the most stunning stock moves retail investors rarely hear about.
The same signal reportedly triggered a 138% return on WMT in two weeks and a 157% return on Cencora in one week, according to his research. | | Watch Roger Scott reveal the empty chair signal today |
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Retail/Wholesale | |
After a dodgy end to the summer for equities in general, with the benchmark S&P 500 falling finding itself down more than 10% at one point, it's starting to look like Christmas might have come early for stocks. When it started to look like all the hard-fought gains from the past year had been ... Read the Full Story |
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Industrials | |
The underlying theme of the Plug Power (NASDAQ: PLUG) narrative has always been a quest to ramp up the production of green hydrogen to meet the growing demand and leverage revenue growth to profitability. While that narrative remains unchanged, the company struggles to cross the critical threshold... Read the Full Story |
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Technology | |
So far this quarter, and this may surprise you, Palantir Technologies (NYSE: PLTR) has been one of the top-performing technology stocks, specifically in its industry of software infrastructure. Shares of PLTR are so far up almost 19% on the quarter, significantly outperforming most of its peers in... Read the Full Story |
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Retail/Wholesale | |
As the market trends higher, with the SPDR S&P 500 ETF Trust (NYSE: SPY) up over 6% over the previous two weeks and many blue chip stocks soaring higher and even closing in on new highs, such as Microsoft (NASDAQ: MSFT), it might be a good time to familiarize yourself with stocks setting up fo... Read the Full Story |
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Medical | |
Eli Lilly & Co. (NYSE: LLY) reversed lower on November 9. This came after LLY stock advanced 3.20% after the company got regulators' OK for its weight-loss drug Zepbound.
In clinical trials, the drug helped people lose as much as 52 pounds within a 16-month timeframe.
Zepbound is based on ti... Read the Full Story |
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Monday's Early Bird Stock Of The Day Paycom Software, Inc. provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution provides a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling, time-off requests, labor allocation, labor management reports/push reporting, geofencing/geotracking, and Microfence, a proprietary Bluetooth. Its HCM solution also offers payroll applications comprising better employee transaction interface, payroll and tax management, payroll card, Everyday, Paycom pay, Client Action Center, expense management, mileage tracker/fixed and variable rates, garnishment administration, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, and Paycom learning, as well as my analytics. In addition, its HCM solution provides manager on-the-go that gives supervisors and managers the ability to perform a variety of tasks, such as approving time-off requests and expense reimbursements; direct data exchange; ask here, a tool for direct line of communication to ask work-related questions; document and checklist; government and compliance; benefits administration/benefits to carrier; benefit enrollment service; COBRA administration; personnel action and performance discussion forms; surveys; 401(k) reporting; report center; and affordable care act applications, as well as Clue, which securely collects, tracks, and manages the vaccination and testing data of the workforce. Paycom Software, Inc. was founded in 1998 and is based in Oklahoma City, Oklahoma. | | View Today's Stock Pick |
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