Good MorningEquity markets advanced on Tuesday following a cooler-than-expected CPI report. The headline CPI was flat compared to the prior month, resulting in a 3.2% YOY gain, while the core figure declined to 4.0% YOY and the lowest level in 2 years. The news is on track with the idea that inflation is subsiding and the FOMC will not raise interest rates anymore, causing the S&P 500 to gap higher at the open and rise more than 2.0% at the session's high. The move suggests another attempt by the S&P 500 to cross above the 4,550 level, which could come soon.
The risk for the market is retail earnings. The retailers are reporting this week, and signs of upcoming weakness are already present. The report from HD continues the trend established earlier this year in which quarterly results were better than expected, but guidance was lowered. This situation creates an unstable foundation for markets to rally and may cap gains at the critical level. With the outlook for Q4 earnings growth already receding, weak guidance from the retail sector could send the consensus figure for the broad S&P 500 below 0% and spark the next market correction. Featured: This Single Fund Owns Every Major AI Stock and Pays Weekly (Ad) 
|
Consumer Discretionary | |
When contemplating the appropriate wager on DraftKings Inc. (NASDAQ: DKNG) stock, investors should take the over.
Despite trading at its highest level since November 2021, the digital sports entertainment leader has major league momentum on its side. Thanks to much improved financial results, its... Read the Full Story |
|
|
Industrials | |
Archer Aviation Inc. (NYSE: ACHR) stock is up more than 2.7% after a bullish analyst rating. Edison Yu of Deutsche Bank reiterated his bullish rating on the flying car company. In doing so, Yu also maintained his price target of $12 for ACHR stock. That would be a 140% increase from the stock's 16... Read the Full Story |
|
Consumer Discretionary | |
It is no secret that the market has a severe disapproval bias towards Chinese stocks. This doesn't happen very often, but when it does, guys like the legendary Sir John Templeton come to sweep up the opportunity. At the same time, they let the rest of the market condemn them, only to later praise ... Read the Full Story |
|
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 |
|
Communication Services | |
Generative artificial intelligence (AI) applications like ChatGPT are quickly having their say in many aspects of our daily lives — and TripAdvisor, Inc. (NASDAQ: TRIP) is making sure the online travel booking experience isn’t left out.
In July 2023, the world’s largest interne... Read the Full Story |
|
Consumer Staples | |
With risk omnipresent in the market and more reason than 1 to fear a recession, value, yield, and beta are more critical for successful investing than ever. If nothing else, volatility should be expected until early Q2 2024, and those stocks trading at elevated valuations stand to lose the most. W... Read the Full Story |
|
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 |
|
Consumer Discretionary | |
If a rising tide lifts all ships, then a falling 1 can sink them, and a falling tide is what Home Depot (NYSE: HD) and other retailers are facing. The Q3 results were better than expected, but continue the narrative played out this year. That is 1 of underlying momentum and better-than-expected re... Read the Full Story |
|
Markets | |
The S&P 500 (NYSEARCA: SPY) is expected to post earnings growth for Q4 2023, but that is about the best that can be said. The consensus is for growth, but the bottom has fallen out of the outlook and can be expected to worsen before it gets better.
Data from the National Retail Federation sh... Read the Full Story |
|
Markets | |
When it comes down to it, all investing and trading is about nothing more than buying low and selling high. Ideally, you want to find stocks with as much upside as possible and just ride the wave.
Albemarle Corp. (NYSE: ALB), Match Group Inc. (NASDAQ: MTCH) and PayPal Holdings Inc. (NASDAQ: PYPL... Read the Full Story |
|
Materials | |
Shares of the world’s largest gold miner, Newmont Corporation (NYSE:NEM), are trading 60% below their April 2022 record peak. Meanwhile, spot gold prices are within 10% of their all-time high. The disconnect, combined with Newmont’s 4.7% forward dividend yield, has presented a shiny op... Read the Full Story |
|
Consumer Discretionary | |
The stock market is not always right or rational, or is it just early? It makes investors scratch their heads when a company reports earnings that miss analyst expectations, but the stock goes higher. Does the market see something most investors don't?
Is it early or really forward-thinking? Just... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays. The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions. The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club. The Encore Boston Harbor segment operates casino space with gaming areas, and a poker room; a luxury hotel tower including a spa and salon; food and beverage outlets and a nightclub; retail space; meeting and convention space; and a waterfront park, floral displays, and water shuttle service. Wynn Resorts, Limited was incorporated in 2002 and is based in Las Vegas, Nevada. | | View Today's Stock Pick |
|
