Good MorningEquity markets were steady and stable on Monday following the rebound last week. The market is digesting the 6% move posted in the previous week and may move sideways for the next 2 to 3 weeks. This week will bring another onslaught of earnings reports, but nothing that should be significantly market-moving. The next big hurdle will come next week when the retailers start to report, and the latest read on the CPI is released. Another cool figure will reinforce the idea that the FOMC is at or near the peak of the rate cycle and send the S&P 500 back to its recent highs.
The risk for the market now isn't that rates will keep rising but that they may stay at this level indefinitely. Labor markets remain strong, and oil demand and high prices will continue to underpin the cost of goods. Without a demand reduction, the cost of goods will remain high and keep the Fed's foot on the brakes. In this scenario, S&P 500 earnings power will continue to erode and cap upside potential in the index. Featured: The case for trading fewer setups, not more (Ad) 
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Technology | |
Payroll companies alleviate the complexities of processing payrolls. They withhold taxes, apply payments to various government agencies, track employee hours, track benefits, comply with regulations, and calculate and process employee paychecks. They can also provide value-added human resources se... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Basic Materials | |
Lithium is the key element required for electric vehicle (EV) batteries. As demand for EVs grows, so does the need for battery-grade lithium. The top lithium-producing countries are China, Chile, Australia, and Argentina. It's a light and highly reactive alkali metal providing strong energy storag... Read the Full Story |
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Medical | |
Pharmaceutical stocks aren't having quite the banner year they've had in the past. Notably, two large pharmaceutical companies recently plunged to 52-week lows on their earnings results. Many factors led to weakness, from normalization for COVID-19 treatments, increased biosimilar and generic comp... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Medical | |
Because earnings guidance is a company's best effort to forecast its earnings, it is a leading cause of share price movement. However, simply raising or lowering guidance is not enough to move a market. If a company revises guidance, it has to be changed significantly from the analyst's estimates;... Read the Full Story |
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Aerospace | |
Publicly traded companies utilize debt for many reasons. They can use it to fuel growth, pay dividends, or buy back shares, but like any financial entity, enough is enough. When interest rates were low, it was nothing for an S&P 500 company to run up its leverage because it was cheap to borrow... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Industrials | |
Over the last 10 years or so, more and more investment vehicles targeting ESG (environmental, social and governance) stocks have appeared on the market, and it's easy to see why. Asset manager Capital Group conducted a study in 2022 that showed that nearly 90% of investors now take ESG factors i... Read the Full Story |
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Technology | |
Alphabet Inc. (NASDAQ: GOOG) reported its Q3 2023 earnings with impressive results. Unfortunately, shares fell nearly 10% in the aftermath, stemming from one blemish in the report, Google Cloud Platform (GCP). It’s not that its cloud business didn't grow. In fact, its revenues grew 22% YoY t... Read the Full Story |
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Technology | |
NVIDIA (NASDAQ: NVDA) shares have skyrocketed over 220% so far this year, mainly thanks to increased interest in artificial intelligence (AI), causing demand for its chips to soar. Riding the wave of AI stocks excitement, NVIDIA breached $1 trillion in market capitalization at the end of May, maki... Read the Full Story |
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Markets | |
Realty Income Corporation (NYSE:O) is proving that it's never too early to get some holiday shopping done.
Last week, the San Diego-based real estate investment trust (REIT) announced a brazen plan to merge with Spirit Realty Capital, Inc. (NYSE:SRC) that could have lasting effects on real estate... Read the Full Story |
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Markets | |
For investors more inclined to take risks, there are intriguing opportunities in the aerospace and defense sector, particularly in stocks trading under $5. Penny stocks, known for their heightened risk and volatility, can also present substantial rewards if they perform well.
Given the significa... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day XPO, Inc. provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services. This segment also offers cross-border U.S., Mexico, Canada, and the Caribbean, as well as engages in the operation of trailer manufacturing. The European Transportation segment offers dedicated truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, such as road-rail and road-short sea combinations. It provides its services to customers in various industries, such as industrial and manufacturing, retail and e-commerce, food and beverage, logistics and transportation, and consumer goods. The company was formerly known as XPO Logistics, Inc. and changed its name to XPO, Inc. in December 2022. XPO, Inc. was incorporated in 2000 and is based in Greenwich, Connecticut. | | View Today's Stock Pick |
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