Good MorningEquity markets remained at record highs for a third day on Wednesday as participants weighed the impact of rising Middle East tensions against the inflation outlook and economic data. The latest data is the job numbers from ADP, which came in hotter than expected and up nearly 40% from the previous month. The news suggests labor markets remain resilient and will continue to underpin inflation for the foreseeable future.
As much risk is in the air, the uptrend in equity prices remains intact. The uptrend is driven by earnings growth, which is expected to continue in Q3 and accelerate in Q4. In this light, the market may correct at any time but will likely regain its footing quickly unless there is a significant shift in fundamentals. The critical support level for Thursday and Friday this week is near 5,675. Assuming support remains strong at that level, the market will likely hit another new high sometime in October. The risk is that earnings season begins next week and will be disappointing and undercut the S&P 500 earnings growth outlook. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Retail/Wholesale | |
Dine Brands Global, Inc. (NYSE: DIN) is the driving force behind beloved restaurant sector brands like Applebee's, IHOP, and Fuzzy's Taco Shop. Through a strategic franchise model, Dine Brands has successfully established a widespread presence across the globe, capturing the hearts (and stomachs)... Read the Full Story |
|
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 |
|
Markets | |
At many points in September, investors heard about the S&P 500 hitting a record high. But at several points in that month, the index pulled back instead of moving higher. This is called a resistance level, a technical point where buying activity weakens, leaving room for sellers to come in.
... Read the Full Story |
|
Consumer Discretionary | |
Nike (NYSE: NKE) shares fell after the Q1 report, which opened an opportunity for investors. The fall is due to numerous factors, including weaker-than-expected results, revoked guidance, and a CEO transition that is ultimately expected to turn the company around. The takeaway is that Nike faces h... Read the Full Story |
|
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 |
|
Markets | |
Since hitting a record back in July and then selling off, shares of tech titan Microsoft Corp. (NASDAQ: MSFT) have been a bit slower than others in getting back to highs. For context, the benchmark S&P 500 index was hitting fresh highs by the middle of September and, as recently as Monday, was... Read the Full Story |
|
Markets | |
The cannabis sector has captivated investors, promising a green rush of potential profits. However, the path to profitability has been rocky, marked by regulatory hurdles, intense competition, and, at times, a volatile market. Many investors are left wondering: Is the cannabis sector still a viabl... Read the Full Story |
|
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. |
|
Technology | |
Retail investors can make a bet or take on an opposing view with increased odds of success whenever a market gets too crowded on the long or short side. Like the 2008 financial crisis, when everyone bet in favor of housing only to find out they all had to run for the exit all at once, only a few i... Read the Full Story |
|
Energy | |
High-yield dividend stocks are returning to the spotlight as interest rates descend from record highs following the Federal Reserve’s recent 50-basis-point rate cut. With analysts increasingly bullish on certain large-cap names, there’s a compelling case for investors to consider addin... Read the Full Story |
|
Medical | |
Momentum investing is based on the idea that stocks that have risen recently will tend to keep rising and that stocks that have fallen tend to keep falling. In 1993, researchers Narasimhan Jegadeesh and Sheridan Titman at UCLA brought the idea forward.
Momentum investing has held up over the past... Read the Full Story |
|
Energy | |
The U.S. oil and gas exploration and production industry has faced headwinds related to falling natural gas prices and political uncertainty so far in 2024. Cash from operations across three dozen leading U.S. firms fell in real terms from the first quarter of 2023 to the first quarter of this yea... Read the Full Story |
|
Energy | |
Uranium stocks have been surging thanks to the Constellation Energy Co. (NASDAQ: CEG) and Microsoft Co. (NASDAQ: MSFT) deal for the largest power-purchasing deal in history. The large hyperscalers are committed to sustainable and clean energy solutions to power their data centers. The electricity ... Read the Full Story |
|
Thursday's Early Bird Stock Of The Day D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey. | | View Today's Stock Pick |
|
