Good MorningThe S&P 500 and NASDAQ finished the day with slight gains after trading lower most of the day. Fed chair Jerome Powell dampened investor sentiment by stating that the pace of further rate cuts was not likely to be as aggressive as the 50-basis point cut the Fed delivered in September.
Investors were also likely considering the potential effect of a strike at dozens of U.S. shipping ports, which will go into effect at midnight on October 1. To this point, the Biden administration has said it will not intervene to prevent the strike.
One bright spot was China stocks, which had their best day in 16 years, sending related U.S. ETFs soaring in unison.
Investors should expect a volatile week with fresh data regarding manufacturing and services due out before the market opens on Tuesday. The week ends with the September jobs report, which could be a market mover.
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Consumer Discretionary | |
DraftKings Inc. (NASDAQ: DKNG) is best known for its online and mobile sports betting app, especially as the 2024 National Football League (NFL) season is underway. There are lots of mobile sports betting apps from competitors in the consumer discretionary sector like Flutter Entertainment plc (NY... 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 | |
The off-price trend has taken the retail wholesale sector by storm in the current economic climate. Consumers are trying to stretch their dollars but don't want to sacrifice quality. This rules out low-quality and low-price outlets like Dollar Tree Inc. (NASDAQ: DLTR) or even Dollar General Co. (N... Read the Full Story |
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Technology | |
Seagate Technology Holdings plc (NASDAQ: STX) is a leading provider of consumer and enterprise data storage solutions. It is the largest hard disk drive (HDD) manufacturer in the world and also sells solid-state drives (SSD). Combined with rival Western Digital Co. (NASDAQ: WDC), the duopoly com... 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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Retail/Wholesale | |
While footwear manufacturers like Nike Inc. (NYSE: NKE), Crocs Inc. (NASDAQ: CROX), and Skechers U.S.A. Inc. (NYSE: SKX) stocks took hits with contracting sales due to weaker consumer spending, ON Holdings AG (NYSE: ONON) has been quietly making new highs trading up nearly 90% year-to-date (YTD). ... Read the Full Story |
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Technology | |
Investors have feared investing in Chinese stocks for the past two years, keeping the iShares MSCI China ETF (NASDAQ: MCHI) at compressed valuations during this period. This fear can be attributed mostly to negative media headlines and the unwillingness to let capital work overseas into companies ... 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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Markets | |
Investors are about 10 days from the start of the third quarter earnings season. This can be volatile for stocks as companies provide their financial data for the prior quarter and offer guidance for future quarters.
In this way, earnings reports can be both a leading and a lagging indicator. T... Read the Full Story |
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Technology | |
Many investors are going full macro mode right now, focusing too much on today’s data and not on tomorrow’s implications. The U.S. election is coming up in a little over a month, a new earnings season is underway, and lots of economic data is pending for the Federal Reserve (the Fed) t... Read the Full Story |
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Retail/Wholesale | |
Investors who need more time or knowledge to pick individual stocks tend to walk away with the high single-digit returns that the S&P 500 historically offers. However, now that the stock market is entering a new cycle of lower interest rates and steepening yield curves, it is best to pick a se... Read the Full Story |
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Medical | |
Capricor Therapeutics Inc. (NASDAQ: CAPR) is a biotechnology firm focused on developing cell and exosome-based treatments for rare diseases like Duchenne muscular dystrophy (DMD). Capricor’s stock surged more than 100% after announcing it will pursue full FDA approval for its primary drug de... Read the Full Story |
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Finance | |
Interest rates determine the risk and reward perceptions of virtually all asset classes in the financial market. The benchmark for return is—and has always been—the United States ten-year treasury bond yield, so when bond yields are high, investors tend to avoid higher-risk assets like... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Samsara Inc. provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy. Its applications include video-based safety that enables customers to build a safety program and protect their teams with AI-enabled video; vehicle telematics which provides visibility into real-time vehicle location and diagnostics with GPS tracking, routing and dispatch, fuel efficiency management, electric vehicle usage and charge planning, preventative maintenance, and insights to manage fuel and energy costs; and mobile apps and workflows that improves productivity for frontline workers and enables regulatory compliance for workers to see upcoming jobs, capture electronic documents, perform maintenance inspections, maintain compliance logs, and message with back-office administration. The company also provides equipment monitoring which offers visibility and management of unpowered and powered assets, ranging from generators and compressors to heavy construction equipment and trailers to improve operating efficiency, prevent unplanned downtime, and avoid critical safety and compliance issues; and site visibility that provides remote visibility into sites to improve onsite security, safety, and incident response times. It serves transportation, wholesale and retail trade, construction, field services, logistics, utilities and energy, healthcare and education, manufacturing, food and beverage, and other industries, as well as government. Samsara Inc. was incorporated in 2015 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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