Good MorningEquity markets advanced last week, but the top to this rally is closer than ever. The bulk of the week's movement occurred on Friday, which is a generally bullish signal but met resistance near recent highs. The technical picture suggests the market hit the ceiling and stands to correct any day and maybe spurred to sell off this week. This week brings the latest labor market data, which is expected to align with labor market health and wage inflation.
The risk for markets is oil. Oil has been a wild card in 2023, but the odds are high that the price will rise soon. OPEC's latest production moves will take some time to impact but keep the supply/demand outlook tight. In this scenario, the price of oil is unlikely to stay down long and could rebound to the top of the EIA's target range for next year. That puts the price of oil at an average of $89 per barrel in 2024 and in position to keep inflation running hot. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Staples | |
With the end of the year approaching, you need to make sure your portfolio is in the best shape possible. Considering that some investors will have to deal with a tax burden in a couple of months, cutting some losses - or preventing them - is the name of the game today.
Some on Wall Street have d... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Technology | |
Shares of the software technology company AppLovin (NASDAQ: APP) have been on fire this year, surging by over 263% year-to-date. The company, now categorized as a large cap, with a $12.84 billion market capitalization, has dramatically outperformed its sector and overall market.
The company, w... Read the Full Story |
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Healthcare | |
Every so often, a move occurs in the stock market that can best be described as a 'black swan.' That is to say, a move that occurs in an individual stock that is exceedingly rare from a probabilistic standpoint.
This week, many will agree that a black swan event occurred when small-cap and micro ... 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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Healthcare | |
Consolidation in the health insurance industry has become a theme of 2023. Humana Inc. (NYSE: HUM) is reportedly in talks to merge with The Cigna Group (NYSE: CI) in a stock-and-cash deal. According to reports, the companies are hoping to fast-track the merger and get it completed before the end o... Read the Full Story |
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Consumer Discretionary | |
Consumer discretionary stocks in 2023 present a captivating blend of potential growth, trend exposure and enticing dividends. As we research the best consumer discretionary stocks for the year's second half, we find that these stocks appeal to investors seeking dynamic investment opportunities.
L... Read the Full Story |
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From Our Partners | | A small-cap gold and silver royalty company is generating record revenue from producing mines, yet shares still trade under 1 dollar.
It just signed the largest transaction in its history, a new gold streaming deal backed by a strategic relationship with a major mining investment firm.
A well-known sector financier has invested his own money and joins the CEO in an exclusive interview breaking down the full story. | | Click here for instant access to the free report now |
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Markets | |
The price of WTI and Brent crude fell despite another production cut from the Organization of the Petroleum Exporting Countries (OPEC). The cut was expected and helps keep the oil market in a tight balance, so this looks like a buy-the-rumor-sell-the-news event. Ultimately, OPEC has created confus... Read the Full Story |
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Consumer Discretionary | |
The retail sector experienced a robust start to the holiday shopping season as U.S. shoppers were enticed by substantial discounts across various categories, resulting in $38 billion in online spending over the Thanksgiving weekend.
Despite prevailing economic uncertainties, this surge in spendi... Read the Full Story |
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Technology | |
NetApp, Inc. (NASDAQ: NTAP) has to be one of the few remaining tech stocks out there that hasn’t yet reclaimed its highs from the Dot Com bubble. Bill Clinton was still in the White House when NetApp shares last set a record, and while it may be some time before that’s topped, there&rs... Read the Full Story |
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Technology | |
Ambarella (NASDAQ: AMBA) has struggled with weak demand and an inventory glut for over a year but should soon come out of its slump. Indications from the Q3 results suggest that growth will resume in the next fiscal year and will accelerate over the next few years. Additionally, the forecasts for ... Read the Full Story |
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Communication Services | |
Technology stocks led the market in the past month, with the Technology Select Sector SPDR Fund (NYSEARCA: XLK) advancing 14.75%, versus the SPDR S&P 500 ETF Trust (NYSEARCA: SPY)’s return of 10.52%.
But behind the scenes, there’s more than just strong price advances. Big techs s... Read the Full Story |
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Monday's Early Bird Stock Of The Day Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly. It serves education, healthcare, travel, and business to business organizations. The company was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts. | | View Today's Stock Pick |
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