Good MorningEquity markets extended their gains on Wednesday following a better-than-expected Retail Sales figure and healthy reports from retailers Target and The TJX Companies. Both produced substantial bottom-line strength, although the causes were different. In the case of TJX Companies, sales traffic led to revenue growth and margin leverage, while Target leaned into discounts to reduce inventory. The takeaway is that consumers remain resilient if price-conscious and in search of bargains.
The S&P 500 advanced about 0.5% at the session high, but weakness started to show; by the end of the session, the market was trading near break-even. The day's candle stick formation is a small spinning top with a visible upper shadow that reveals resistance below critical levels. Because the market is overbought at current levels and trading within an established range, it will likely sell off soon without another catalyst to drive it higher. The earnings season is all but over, and there are no major economic reports due until after the Thanksgiving Holiday so another catalyst may be hard to come by. Featured: SEPT 25th — Become 1 of 1,806,000 New “Musk Millionaires” (Ad) 
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Consumer Discretionary | |
Warren Buffett is widely regarded as the most well-known, famous, and successful investor of all time. As such, his investment decisions and changes to his holdings are closely monitored and highly anticipated by the investing community.
His company, financial heavyweight Berkshire Hathaway (NYS... Read the Full Story |
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From Our Partners | | Elon Musk is worth more than anyone in history, yet he lives in a 400-square-foot prefab home in Boca Chica, Texas. Every payday he's earned, from $22 million at Zip2 to $175 million at PayPal, has gone straight into his next venture.
Now a $2.1 trillion SpaceX IPO has fueled his next move. Former CIA analyst Dr. Mark Skousen says he's identified three companies Musk is targeting next. | | See Musk's three target companies before he makes his move |
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Consumer Discretionary | |
The big retailers have begun to report, and news from Target (NYSE: TGT) and TJX Companies (NYSE: TJX) has their shares moving in opposite directions. Target is up nearly 15%, and The TJX Companies is down about 3% following their Q3 releases. Nevertheless, Target shares will likely hit a new low ... Read the Full Story |
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Technology | |
Ambarella (NASDAQ: AMBA) reported some game-changing news for investors. The company was chosen to provide microchips for an automotive industry first. A start-up and joint venture between Ford Motor (NYSE: F) and ADT (NYSE: ADT) called Canopy uses the CVFlow SoC to power its aftermarket truck-bed... Read the Full Story |
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From Our Partners | | The Buffett Indicator once flagged the 1929, 1969, and 2000 market peaks - and it's now at 231%, its highest reading in history.
Gold analyst Garrett Goggin, CFA, CMT, has tracked this signal for years and says the pattern points to money rotating from overpriced tech into gold.
Porter Stansberry has called Goggin the most knowledgeable gold investor in the world. | | See Garrett Goggin's four top gold mining picks now |
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Technology | |
The world of financial markets can be a brutal jungle, filled with dangers at every turn and businesses going bankrupt or turning billionaires almost overnight. Today, some of these risks and uncertain turning points have been assessed to bring you a sensible list of companies that can be termed a... Read the Full Story |
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Industrials | |
Investing in next-gen technologies can lead to early retirement, but knowing which stock will be the next Alphabet (NASDAQ: GOOG), Amazon (NASDAQ: AMZN), or NVIDIA (NASDAQ: NVDA) is hard. One way to mitigate the risk is to follow the smart money. Smart money is represented by insiders, institution... Read the Full Story |
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From Our Partners | | Your account is not currently signed up for MarketBeat's free Monday morning stock ideas. Our team is going to be releasing an important pick on Monday morning (at 11am ET) and we want to make sure that you are able to see it. | | Add your name to the distribution list here |
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Markets | |
In what’s shaping up to be another strong week for U.S. equities, traders have much to be thankful for heading into Thanksgiving week.
November 14th’s headline Consumer Price Index (CPI) reading for October came in at a cooler-than-expected 3.2%. The market cheered the result because ... Read the Full Story |
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Technology | |
Just when investors were starting to wonder if shares of Datadog Inc (NASDAQ: DDOG) were doomed to fall back to their pre-summer lows, the tech company delivered a strong earnings beat that completely reversed the trend.
In last week's report, both headline numbers were higher than analysts had ... Read the Full Story |
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Consumer Discretionary | |
Apparel stocks have struggled over the past year with margin fear, shifting consumer habits, inflation, and slowing growth as part of the narrative. Today's takeaway is that specialty apparel makers are rebounding within the group and have a positive outlook for the remainder of the year and next ... Read the Full Story |
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Technology | |
Tower Semiconductor Ltd. (NASDAQ: TSEM) is a well-positioned player in the global semiconductor market. Its analog-focused semiconductor manufacturing technology is in demand by industries across verticals, and it is a pure play on foundries at a time when the industry is trying to ramp up product... Read the Full Story |
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Industrials | |
Boeing (NYSE: BA) has rallied as much as 22.7% during the past week. This is only the beginning of a significant rally underway, which may help erase the decline in the stock that saw its start as far back as 2019. Analysts and markets are aligned with the massive upside that this stock is promisi... Read the Full Story |
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Thursday'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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