Good MorningEquity markets advanced on Monday, and the S&P 500 gained about 0.5% at the session's high as equities hovered near record highs. The last two weeks of trading days have kept the market in a tight range while earnings were released. Now, about halfway through the season, the market is ready to advance again and needs only a catalyst. That may come with earnings reports from Microsoft and Advanced Micro Devices this week, but the most significant catalyst is NVIDIA earnings, which aren't due for another month. Analysts continue to raise the bar for NVIDIA, with the consensus estimate up 500 points in October, forecasting an 80% increase in revenue.
The market faces hurdles this week. These include a trifecta of economic data, including the Q3 GDP estimate, the PCE price index, and the NFP report. GDP is due on Wednesday and is likely hot, with the GDPNow Tool tracking in the 3% range. The PCE index and labor data may also be hot, which is bad news for inflation and lower interest rates. The upshot is that solid GDP growth and labor markets underpin consumer spending, which drives the U.S. economy and will support higher stock prices. Featured: Buffett’s last dance (Ad) 
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Energy | |
Cameco (NYSE: CCJ) is the leading player in nuclear power today because it is the leading provider of uranium. The industry would be powerless without uranium and the services that turn the raw ore into usable fuel.
Cameco’s business spans the industry from mining to finished products tha... Read the Full Story |
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From Our Partners | If you've saved over $1,000,000, the challenge shifts from building wealth to making it last through retirement.
Fisher Investments' Definitive Guide to Retirement Income outlines seven strategies wealthy retirees use to generate lasting income. Since 1979, the firm has helped tens of thousands of investors retire comfortably, managing over $441 billion in assets. | | Download the free retirement income guide from Fisher Investments today |
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Energy | |
Insiders are buying high-yielding Delek Logistics Partners (NYSE: DKL). There’s no guarantee, but the buying affirms the dividend health, which is significant given the high yield. Delek Logistics Partners is a limited partnership in the energy industry, paying a sizeable portion of its earn... Read the Full Story |
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Markets | |
Everyone, especially the Federal Reserve (the Fed), thought that inflation was a thing of the past and that it had now been tamed enough to consider a sudden shift in monetary policy. However, this is far from reality, especially when investors consider the way some of the inflation—and inte... Read the Full Story |
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From Our Partners | | The U.S. Army and Department of Energy are preparing to launch Project Janus, a high-priority initiative centered on a new fuel source.
One obscure defense contractor reportedly has a five-year head start on every competitor, with the first powerplant expected to go live before December 18, 2026.
Full details on the company, including its name and ticker symbol, are available now. | | Get the stock name and ticker before Project Janus goes live |
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Energy | |
Earnings season can be a volatile period for stock ownership due to the uncertainty surrounding whether the underlying companies' results will beat or disappoint. However, there are ways for investors to gauge the trends behind certain companies, landing them on the bullish or bearish side of earn... Read the Full Story |
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Finance | |
Global financial services provider American Express Inc. (NYSE: AXP) reported solid results for its third quarter of 2024 that were met with a sell-the-news reaction. While the company did beat and raise guidance, some soft spots shook investors. The bar was set high heading into earnings, with it... Read the Full Story |
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From Our Partners | | In 1984, a 10000 dollar stake in Apple could have grown to 25 million dollars for early investors who simply got in before the Macintosh launch.
Tech analyst George Gilder says a similar setup is forming today, but instead of one company, he points to three that he calls the Trillion Dollar Triangle.
Gilder argues these three companies represent connected pieces of one major shift rather than competitors racing for the same outcome. | | See the three companies in Gilder's Trillion Dollar Triangle setup |
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Communication Services | |
Alphabet (NASDAQ: GOOGL) has underperformed most of the "Magnificent 7" stocks this year, with shares up just 18.31% YTD, only outperforming Microsoft and Tesla. Legal challenges and increasing competition, particularly from AI-powered tools like ChatGPT, have raised concerns about Alphabet&rsqu... Read the Full Story |
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Industrials | |
Some investors are weary of buying into stocks when the S&P 500 index is trading near its all-time high and has also made new highs recently, but that doesn’t mean all stocks are overpriced or not worth considering. Today’s list of stocks will offer investors a chance to align thei... Read the Full Story |
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Technology | |
Unfortunately, ASML (NASDAQ: ASML) hasn’t served as a great investment over the past three years. Over that time, the stock has provided investors a total return of -6%. The recent 22% drop in the company’s stock price from Oct. 14 to Oct. 16 greatly contributed to the company’... Read the Full Story |
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Technology | |
According to Citi Research, the big four hyperscalers Microsoft Co. (NASDAQ: MSFT), Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL) and Meta Platforms Inc. (NASDAQ: META) are forecast to grow their data center capital expenditures by 40% YoY in 2025. This is expected to be a windfall... Read the Full Story |
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Markets | |
International Business Machines Corporation (NYSE: IBM) shares have been having one of their most exciting years in a long, long time. After a lengthy stretch of mostly sideways movement from 2015 through last summer, the stock finally broke out and started heading north. IBM is up over 35% this y... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Fiserv, Inc., together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments. The Merchant Acceptance segment provides merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Clover, a cloud based POS and integrated commerce operating system for small and mid-sized businesses and independent software vendors; and Carat, an integrated operating system for large businesses. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners in the form of joint venture alliances, revenue sharing alliances, and referral agreement. The Financial Technology segment offers customer deposit and loan accounts, as well as manages an institution's general ledger and central information files. This segment also provides digital banking, financial and risk management, professional services and consulting, check processing, and other products and services. The Payments and Network segment offers card transactions, such as debit, credit, and prepaid card processing and services; funds access, debit payments, cardless ATM access, and surcharge-free ATM network; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. It serves merchants, banks, credit unions, other financial institutions, and corporate clients. Fiserv, Inc. was incorporated in 1984 and is headquartered in Milwaukee, Wisconsin. | | View Today's Stock Pick |
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