Good MorningEquity markets rallied in the prior week on hopes the Fed rate hiking cycle is near the end. Remarks from Fed chief Jerome Powell alluded to the event but left the door open to additional hikes should they be required. However, the takeaway is that rates will remain high indefinitely, and the first cut may not come until late in 2024. The S&P 500 gained about 6% for the week but remains below the 2023 highs with critical resistance close.
This week will be a trying time for equity traders. There is very little economic data, lots of fed speak, and another week of earnings. Earnings reports from Disney, Kellanova, and Occidental Petroleum will take the spotlight. The questions are how margins hold up and the outlook for capital returns. Disney, specifically, could shed light on when it will reinstate its dividend, which would be a significant catalyst for the stock. Featured: He started with $2,000. Now he's at $3 million. (Ad) 
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Energy | |
Just like many investors got around investing in Chinese names, such as Alibaba Group (NYSE: BABA), after Ray Dalio got behind it, a wave of money will jump into the industry's favorite play today: uranium.
Backing names like Cameco Corporation (NYSE: CCJ) and Ur-Energy Inc. (NYSE: URG) have tre... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Utilities | |
What's the hot defensive play right now?
Exactly what you'd think: utilities stocks, which are tried-and-true dividend payers, are trending higher. The Utilities Select Sector SPDR Fund (NYSEARCA: XLU) is up 4.72% in the past week. The sector is up 2.44% in the past month, outpacing the broader S... Read the Full Story |
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Communication Services | |
Shares of Zillow Group Inc. (NASDAQ: ZG) were trading about 9% lower for the week of October 30 after a federal jury in Missouri ruled that the National Association of Realtors and some large real estate brokerages conspired to inflate realtor commissions.
Like Zillow, Redfin Corp. (NASDAQ: RDFN)... 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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Consumer Staples | |
Estee Lauder Companies Inc. (NYSE: EL) is on track to regain traction. Despite solid trends in the beauty category, it faces substantial headwinds with the near-term outlook declining. The takeaway is that Estee Lauder stock will be a buy for 2025, but not until later in 2024. Between then and now... Read the Full Story |
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Communication Services | |
If you've wondered when Electronic Arts Inc. (NASDAQ: EA) stock will rally to new highs, the answer is now. The market for this stock has been incredibly volatile in the face of solid results and institutional holding and just produced another solid result.
The news has the stock up more than 5%... Read the Full Story |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Technology | |
Results from ServiceNow (NASDAQ: NOW) bode well for cloud services stocks. The company posted results that sparked a round of surprisingly bullish chatter from analysts that points to continued strength in this and other cloud services names.
Analysts viewed the ServiceNow results as remarkably ... Read the Full Story |
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Technology | |
Was Extreme Networks’ (NASDAQ: EXTR) disappointing revenue guidance a harbinger of what’s to come in the networking industry, or is there a company-specific problem?
“As far as slowed growth, we are seeing it across the industry,” Extreme Networks CEO Ed Meyercord told Ma... Read the Full Story |
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Technology | |
HUB Cyber Security (NASDAQ: HUBC), a little-known small-cap cyber security company, has recently made headlines after its stock experienced triple-digit growth last month.
The Israeli cyber security solutions company first grabbed the headlines on October 19 after it announced that it was partic... Read the Full Story |
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Finance | |
Remember that guy who got knighted by Queen Elizabeth for his philanthropic accomplishments? No? Maybe you remember him from multiplying his money after the 1929 depression and coming up with his now famous saying, which rhymes with investing at the point of maximum pessimism.
His name is Sir Joh... Read the Full Story |
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Technology | |
Shares of Shutterstock (NYSE: SSTK) are down 7.5% during the middle of Wednesday's trading session; some can blame it on the fact that the ISM Manufacturing PMI came in much lower than the markets were expecting, signaling a reasonable concern for the economy; some may blame it on the FOMC meeting... Read the Full Story |
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Monday'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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