Good MorningEquity markets retreated last week following a hawkish fed statement. The FOMC indicates interest rates will remain higher for longer confirming that a new normal is in place. This normal includes high inflation and high interest rates, neither of which is expected to change soon . The next move for the Fed is a probable rate hike.
Oil continues to be a threat to the market. The oil price rose to another new high, and the bulls target $100 per barrel. In this scenario, inflation will accelerate and keep the Fed’s foot on the brakes regardless of whether they hike rates again. As it is, the market expects rates to remain at or above current levels until mid 2024, which may be optimistic. OPEC and Russia have the oil market tilted in favor of higher prices. Featured: 25 candidates screened. 5 made it. (Ad) 
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Technology | |
As a monitoring platform for cloud-based apps, Datadog Inc (NASDAQ:DDOG) has tremendous long-term growth potential tied to enterprise digital transformations, data analytics and cybersecurity — and its stock is trading 56% below its November 2021 peak. These two reasons alone make it a compe... 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.
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Communication Services | |
The market had one of its worst weeks of the year, as the SPDR S&P 500 ETF Trust (NYSE: SPY) tumbled almost 3% lower. The selloff swept the market last week after the Federal Reserve signaled that interest rates will likely stay higher for longer than previously anticipated.
The market react... Read the Full Story |
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Consumer Discretionary | |
IBM (NYSE: IBM), or Big Blue as it's known on Wall Street, is the tech giant that people love to hate. Despite holding one of the longest track records of all currently publicly traded tech companies out there, having IPO'd before the moon landing, its shares have built up a nasty reputation for t... 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.
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Consumer Staples | |
Value-conscious investors look for stocks trading at or near 52-week low prices, which can be a powerful 'potential' bottoming indicator. Fifty-two weeks is one trading year, roughly containing 252 trading days. Hence, investors can also use the 200-day moving average to reference a stock's value ... Read the Full Story |
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Consumer Discretionary | |
KB Home (NYSE: KBH) is selling off on a narrowing margin and FOMC hawkishness, but don't be fooled. The sell-off has shares down 16% from their highs, and they may go lower, but this is good news for investors. Despite the Fed's stance of "higher for longer," or perhaps because of it, the market i... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Communication Services | |
The data is undeniable regarding the state of affairs overtaking the computer and electronics industry, with trends that suggest nothing but a sure slowdown to continue; at least, that is where the sentiment is.
Within the latest ISM manufacturing PMI report, the computer and electronics industr... Read the Full Story |
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Energy | |
With its attractive 7.33% dividend yield, Enterprise Products Partners (NYSE: EPD) is drawing in buyers seeking solid returns.
Houston-based Enterprise Products is a midstream energy company that transports, stores and processes natural gas, crude oil and refined products.
The stock has been ou... Read the Full Story |
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Technology | |
A 7% pop yesterday was enough to take shares of Western Digital Corp (NASDAQ: WDC) to their highest level in over a year. It is, so far, the culmination of a 50% and more rally that's been underway since the first week of the year. Shares of the computer drive maker have been particularly strong ... Read the Full Story |
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Consumer Staples | |
You may know the name Instacart, particularly if you see its shoppers picking out and bagging items in your local grocery store.
But the public learned something new on September 19 when the stock went public: Its corporate name is actually Maplebear Inc. (NASDAQ: CART), but it’s a safe bet... Read the Full Story |
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Finance | |
Whether or not Prospect Capital Corporation (NASDAQ: PSEC) is a gold nugget or value trap depends on your objective. If you are looking for capital appreciation and a possible price-multiple expansion, there are better choices than Prospect Capital, even with the 11% dividend. If you are looking f... Read the Full Story |
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Monday's Early Bird Stock Of The Day Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California. | | View Today's Stock Pick |
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