Good MorningThe S&P 500 fell on Wednesday after the FOMC indicated it was not through raising interest rates. The FOMC held rates steady in September as was expected but said it would raise by another 25 basis points by the end of the year. If so, it would mark the 12th increase since the cycle began, putting interest rates at the highest levels in decades. At current levels, demand has begun to deteriorate; another hike would accelerate the decline and possibly impact S&P 500 earnings.
The S&P 500 is down more than 4% from its recent highs and heading lower. The index has confirmed resistance at a critical level and will pull back at least 5% before the move is through. The risk is that oil prices will continue to rise and accelerate inflation, leading the FOMC to hike rates more than already indicated. In that scenario, the S&P 500 could correct up to 20% or more. Regardless, interest rates are now expected to remain at or above 5% through the middle of 2024, nearly a year longer than previously forecast. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Discretionary | |
Bullish reversals are a popular tool and strategy for technical traders and investors as they offer the potential for significant gains. The trick is finding a stock that is reversing that is worth investing in. Reversals are a tricky business and often go unconfirmed. The textbook definition of s... Read the Full Story |
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From Our Partners | | Most options educators jump straight into Greeks, spreads, and implied volatility - losing beginners before they ever place a trade.
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Industrials | |
Amprius (NYSE: AMPX) is one of many IPOs to hit the market and fall flat. Outsized expectations and overeager investors are never a good combination, but that is yesterday's story. Today's story is that Amprius stock is at the bottom. The market has bottomed and shows signs of life that could incr... Read the Full Story |
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Communication Services | |
After tagging a fresh all-time high in the middle of July, shares of tech titan Microsoft Corp (NASDAQ: MSFT) took a well-earned breather and cooled much of the way through August. Few investors would have held this against the tech giant. After a 70% run that saw the company eclipse its previous ... Read the Full Story |
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Markets | |
Retail, and small-cap retail, in particular, are not having a good time in 2023. The sector is down about 40% from its highs and struggling to gain traction. In fact, some names continue to trend lower. Today's lesson is that opportunities in dead markets are often possible. Takeaways from the Q2 ... Read the Full Story |
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Consumer Staples | |
Consumer staples (NYSEARCA: XLP) stocks are down 6.5% from their July highs and more than 10% from the 2022 peaks and may move lower. The caveat is that the sector is trading near the bottom of a range, above critical support, and there are signs of bullish activity in the market. This suggests a ... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Markets | |
For a conservative investor seeking exposure to the equity markets while prioritizing stability and long-term wealth preservation, investing in Exchange-Traded Funds (ETFs) or indices can be an attractive strategy and might make the most sense.
ETFs offer a unique combination of diversification, ... Read the Full Story |
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Industrials | |
Now that the United States FED has been applying pressure by raising interest rates and decreasing liquidity levels in the economy, investment dollars become more and more focused on healthy - and predictable - free cash flow alongside a healthy mix of growth.
The sentiment in the transportation... Read the Full Story |
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Consumer Discretionary | |
When Etsy, Inc. (NASDAQ:ETSY) shares dipped to a three-year low last week, Wolfe Research decided it was time for an upgrade.
On September 12th, the sell-side research firm bumped its rating on the creative goods retailer from Peer Perform to Outperform and gave it a $100 price target. The reaso... Read the Full Story |
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Healthcare | |
If you’re looking for a sector that’s on sale, look to healthcare. The Health Care Select Sector SPDR Fund (NYSEARCA: XLV) is down 2.50% in the past month, lagging the S&P 500.
The top components within the sector are Eli Lilly & Co. (NYSE: LLY), Johnson & Johnson (NYSE: ... Read the Full Story |
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Communication Services | |
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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Thursday'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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