Good MorningEquity markets were fairly steady on Tuesday ahead of the FOMC policy announcement. The Fed isn't expected to alter policy today when it makes the announcement, but it is expected to sound hawkish. The combination of accelerating inflation and rising oil prices poses a risk for the economy that it can not let stand. Based on the data, the FOMC will likely indicate at least 1 more hike is coming this year and leave the door open to 2 or more by early 2024.
The question for investors is what to expect from the rest of the year. The economy continues to show momentum, and the consumer remains resilient, so the S&P 500 will likely return to earnings growth by year-end. The caveat is that the growth outlook continues to be hampered, which may weigh on price action until the Q3 reporting cycle begins in 3 weeks. As it is now, the S&P 500 is showing a top and looks ready to move lower, given the signal to sell.
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Consumer Discretionary | |
Shares of the Walt Disney Co. (NYSE: DIS) finished higher the week ended September 15 on reports that it was in discussions to sell ABC and other broadcast channels.
Bloomberg reported that Disney was talking with Nextstar Media Group Inc. (NASDAQ: NXST), but the House of Mouse has not confirmed... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Retail/Wholesale | |
Restaurant stocks corrected over the summer due to tepid guidance, setting up a new opportunity for income investors. The guidance calls for growth but slowing growth to be offset by wider margins. Wider margins mean earnings stability, if not earnings growth, supporting dividends, dividend growth... Read the Full Story |
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Consumer Discretionary | |
Known for keeping money in consumer pockets, Savers Value Village, Inc. (NYSE: SVV) may soon be putting money in investor accounts.
North America’s biggest for-profit thrift store operator burst onto the stock market scene this summer as a unique play on the secondhand economy. The owner ... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Technology | |
Emerging markets have much to offer investors in 2023 and 2024, including globe-leading growth. The emerging markets are expected to more than double their developed counterparts in 2024, and many pay dividends along with the diversification. The risks with emerging markets include political and l... Read the Full Story |
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Retail/Wholesale | |
Tesla has more than doubled this year. Meanwhile, Ford and General Motors are barely in the green. This wide disparity in stock performances isn't unique to auto manufacturers. Year-to-date returns on auto parts retailers are all also over the road.
Typically, stocks that belong to the same indus... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Retail/Wholesale | |
If you are looking at the AutoZone (NYSE: AZO) chart and thinking it's time to sell some of this stock, think again. While the 200% increase versus 2020's bottom suggests it's time to take some profits off the table, any price weakness may also be considered a buying opportunity. AutoZone is a buy... Read the Full Story |
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Consumer Discretionary | |
In the past few years, an ever-growing virtual reality craze has been shaking up the tech and entertainment scene. This digital universe, where users can interact, work, and play in immersive environments, has rapidly transformed from science fiction into a tangible reality.
Investors who are see... Read the Full Story |
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Markets | |
The retail environment is challenging, and there are weaknesses to be aware of. Shifting consumer habits have them focused on dailies, health & beauty more than discretionary items, which impacts names like Walmart (NYSE: WMT) and Target (NYSE: TGT). Investors should not assume that discretion... Read the Full Story |
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Medical | |
Beauty stocks have not been pretty this year. Cosmetics retailer Ulta Beauty Inc. (NASDAQ: ULTA) and Estee Lauder Co. (NYSE: EL) shares are trading down 12.3% and 38.7%, respectively. The performance is downright ugly compared to the 20.2% gain in the benchmark S&P 500 index for 2023.
While b... Read the Full Story |
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Utilities | |
By now, it should be no secret that the global energy industry is beginning to break into the next frontier, which undoubtedly needs to be in a different direction than solely fossil fuels.
The market hype is following developments in the high-flying names surrounding solar energy and electric ca... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. The company was founded in 2007 and is based in Montevideo, Uruguay. | | View Today's Stock Pick |
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