Good MorningEquity markets continue to trend within a tight range below critical resistance. At the same time, good news continues to emerge but it is more of a sell-the-news event because the news is centered on weakening economic data. A softer than expected JOLT figures suggest a pullback in business spending and hiring that will aid a reduction in inflation. The bad news is that reduced business spending and hiring will also result in soft GDP growth and a weaker consumer.
The S&P 500 is hovering at critical resistance with a catalyst due on Friday. The monthly job growth figures are expected to show sustained labor market health but may give the market what it wants: soft data and a reason for the Fed to cut rates. The risk now is that the market may indeed get what it wants and more, the recession everyone feared would happen but didn't. Featured: Trump's crypto agenda is moving fast this fall (Ad) 
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Communication Services | |
After a wild year in the stock market, 2023 leaves one sector that takes the crown as a clear winner. Technology stocks have been all the hype in the past few months, bringing new hopes of an economic recovery and shaking away the fears sparked by interest rate hikes.
The charts don't lie. The pr... Read the Full Story |
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From Our Partners | | Jeff Brown, the former tech executive who picked Nvidia in 2016 before it surged as high as 37,800 percent, just got inside Elon Musk's new Cybercab, a vehicle with no steering wheel or pedals.
In 2018, the New York Post called Musk a total fraud. Brown's latest footage shows just how far that technology has come since then. | | Watch the Cybercab footage and judge Elon Musk's technology yourself |
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Consumer Staples | |
As the overall market and various leading sectors, such as the technology and financial sectors, trade near their 52-week highs, optimism and speculation have seemingly returned to the markets.
Such optimism has been seen over the previous several weeks, judging by the number of breakouts occurr... Read the Full Story |
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Technology | |
With each advance in technology, the importance of cybersecurity grows. A key problem facing businesses and enterprises is that the traditional approach to a perimeter security network is quickly becoming obsolete. Networks that rely on multiple cloud networks, remote users, and any IoT devices op... Read the Full Story |
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From Our Partners | | Mining stocks represent just 1% of global equities today, the lowest level in more than a century. Almost no investors own them.
Garrett Goggin, CFA, CMT and founder of Golden Portfolio, has tracked three prior Great Rotation events where capital shifted from growth stocks into gold miners. He believes trillions currently chasing AI could follow the same path. | | Get Garrett Goggin's top four gold mining stock picks here |
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Finance | |
Penny stocks are an asset class that can deliver a large reward for a small risk (monetarily speaking). But how to make money with penny stocks is more complicated. The phrase "you get what you pay for" comes to mind.
Many investors see a low-priced stock and think more about making money fast f... Read the Full Story |
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Communication Services | |
Are you Interested in amplifying your investment returns? Well then, let's dive into the world of dividend harvesting. Dividend harvesting is an advanced strategy designed to maximize your portfolio gains.
At its core, dividend harvesting capitalizes on the regular dividends disbursed by compani... Read the Full Story |
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From Our Partners | | According to the Social Security Trustees' own report, the main retirement trust fund runs dry in late 2032. That's only six years from now.
When it happens, the money coming in covers just 78% of what retirees were promised. That would mean an automatic cut of about 22%... For a lot of retirees, losing a fifth of their income is the difference between a retirement that works... and one that slowly unravels.
Washington has watched this coming for decades and done nothing. Waiting on them to fix it isn't a plan. The good news is that your plan can still be adjusted for it. Only if you know where the gaps are, though... and while there's still time to close them. | | Take the free 2-minute quiz to see where your plan stands. |
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Consumer Discretionary | |
Quantum computing is a relatively new type of computer programming that incorporates quantum mechanics into a machine's functionality. This may result in faster computer processing, especially when working with large data sets. A quantum computing investment can also provide access to additional t... Read the Full Story |
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Technology | |
Marvell Technology’s (NASDAQ: MRVL) stock is at a critical pivot point, trading near critical support in the middle of a trading range. The technical outlook is biased to the downside, but a new low may not be in the cards. While the Q3 results were mixed and the outlook iffy, the business i... Read the Full Story |
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Technology | |
nLight, Inc. (NASDAQ: LASR) popped up on Marketbeat.com’s analyst-tracking radar when it received two positive analyst updates on the same day. The updates include an upgrade and two price target increases that suggest a significant upside for the stock.
What is nLIGHT, Inc.? nLIGHT, Inc. ... Read the Full Story |
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Consumer Discretionary | |
Having drifted down to multi-year lows, shares of General Motors Company (NYSE: GM) put in a hard low earlier this month and have been rallying since. They’re now up about 25% from the low and on track to get back to trading once again in the range they’d been in since July 2022.
Gen... Read the Full Story |
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Technology | |
GitLab (NASDAQ: GTLB) was already a Most Upgraded Stock on the Marketbeat platform going into its Q3 results, which is unlikely to change soon. What is likely to change is the trend in the consensus price target. The consensus price target has been trimmed over the past few months, coming down to ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service. The Institutional Banking segment offers fund, asset management, and healthcare service to institutional clients; and fund administration and accounting, investor service and transfer agency, mutual fund service, alternative investment service, fixed income sale, trading and underwriting, and corporate trust and escrow service, as well as institutional custody service. This segment also provides healthcare payment solution includes custodial service for health saving accounts and private label, multipurpose debit cards to insurance carriers, third-party administrator, software companies, employers, and financial institutions. The Personal Banking segment offers deposit account, retail credit card, private banking, installment loan, home equity line of credit, residential mortgage, as well as internet banking, ATM network, private banking, brokerage and insurance service, and investment advisory, custody, and trust services. It operates through a network of branches and offices. The company was founded in 1913 and is headquartered in Kansas City, Missouri. | | View Today's Stock Pick |
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