Good MorningEquity tried to advance on Thursday after a stronger-than-expected retail sales report. Retail sales accelerated to 0.4% monthly and 1.7% compared to last year, revealing the resiliency of American consumers. In this environment, demand is strong and likely to keep inflation elevated, diminishing the outlook for FOMC interest rate cuts, but there is a silver lining. The silver lining is that the U.S. consumer-led economy drives earnings growth for the S&P 500 in 2024 and continues to outpace estimates. With this dynamic in place, the market could rally well into 2025.
Tech stocks like NVIDIA underpinned movement in the S&P 500 on Thursday. Shares of NVIDIA rose more than 3% at the session's high to set a new all-time high. The risk is that market action in the semiconductor stock was tepid at the new highs, creating a small, spinning top candle showing indecision. Without a significant catalyst to drive it, shares of NVIDIA could revert to lower prices within the 2024 trading range and cap gains for the broader market until its earnings are released in November. Featured: The hardware layer driving AI's next trillion-dollar phase (Ad) 
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Industrials | |
The story with insider trading in Gartner (NYSE: IT) shares is that insiders are selling in 2024. InsiderTrades.com tracks ten insiders making 12 transactions in calendar Q3, putting it in the #1 spot for insider selling. Sales were made by execs ranging from the CEO to the CFO, numerous EVPs, and... Read the Full Story |
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From Our Partners | | Elon Musk just built the largest private power network in American history. Hall of Fame Trader Jon Najarian says one tiny 6 billion dollar company is critical to every piece of it.
He calls it his number 1 Energy Trade for 2026 as this Infinite Power Grid expands across America. | | Watch Jon Najarian's full breakdown of this energy trade now |
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Technology | |
Many investors still hold high regard for the technology sector in the United States today, which makes sense as the services PMI index is carrying most—if not all—of the economic growth left in the country, compared to the 23-month contraction in the manufacturing sector, as seen in t... Read the Full Story |
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Consumer Discretionary | |
If you’ve been wondering when Lucid Motor's (NASDAQ: LCID) downtrend will resume and how deep the stock price can go, the answers are soon and much deeper. The latest news is more of the same as what was issued earlier in the year, resulting in increased dilution and reduced investor confi... Read the Full Story |
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From Our Partners | | Each morning, the Wave Software scans the market for stocks quietly building momentum over days or weeks, then narrows the list to a single name showing signs of an imminent move.
From there, it outlines specific options criteria designed to match that potential move, giving traders a complete setup before the market opens.
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Industrials | |
As we turn the corner into the final few weeks of the year, there are not going to be many stocks offering the kind of upside that Joby Aviation Inc (NYSE: JOBY) is. What’s interesting is that its outlook hasn’t been this bullish in a while. The California-based electric air taxi com... Read the Full Story |
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Finance | |
Most investors dismiss insurance stocks as the boring niche in the finance sector without realizing that this industry could significantly outperform all others during an economy ridden by threats of prolonged higher inflation. Today’s environment is ripe for insurance businesses to rally fu... Read the Full Story |
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From Our Partners | | Four advanced test reactors just reached criticality, according to the Department of Energy, a milestone that moves compact reactor technology from computer models into physical testing.
DOE says follow-on reactors could begin producing electricity as soon as 2027, shifting the industry's focus from whether the technology works to who builds, fuels, and operates it. | | See the full Energy Cube breakdown and which stocks could benefit. |
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Industrials | |
Amazon’s (NASDAQ: AMZN) latest foray into nuclear energy shows the technology has reached a critical mass. Long known to be a critical component of carbon reduction goals, costs, time constraints, and safety were barriers. Today's difference is Small Modular Reactor technology, which is abou... Read the Full Story |
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Markets | |
After a near-perfect 2023 in terms of gains, this year has been a return to reality for shares of semiconductor tech giant Micron Technology Inc (NASDAQ: MU). After soaring 220% from the start of 2023 through this past June, its shares took a dive into September, falling 45%. However, in the past ... Read the Full Story |
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Finance | |
Warren Buffett, arguably the most significant investor of all time, has been at the helm of Berkshire Hathaway for nearly 60 years, achieving unparalleled success. Since assuming control in 1965, he has delivered an almost 20% compounded annual return, consistently outpacing the broader market.
W... Read the Full Story |
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Energy | |
Occidental Petroleum Corp. (NYSE: OXY) is down 13.4% in 2024 and over 20% in the last 12 months. However, that hasn’t seemed to bother Warren Buffett one bit. His Berkshire Hathaway Inc. (NYSE: BRK.B) portfolio has continued to buy OXY stock. As of this writing, Berkshire owns approximately ... Read the Full Story |
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Healthcare | |
UnitedHealth Group's (NYSE: UNH) stock price pulled back following the Q3 earnings release in what can best be described as a temper tantrum. The results weren’t bad, outpacing the consensus estimates and compounded by solid guidance, but the market wanted more, so it sold off.
The takea... Read the Full Story |
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Friday's Early Bird Stock Of The Day Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It also provides inflight entertainment and connectivity services on Wi-Fi enabled aircraft; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company offers a suite of digital platforms to support customers' travel needs, including websites and apps; and SWABIZ, an online booking tool. Further, it provides ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. Southwest Airlines Co. was incorporated in 1967 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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