Good MorningEquity markets continue to hover near record highs, trading with a very tight range. The Q3 GDP read was insufficient news to catalyze a larger move, falling short of the consensus estimates, but there are more potential catalysts this week than one. Today's news includes a read on the PCE Price Index, which is expected to show steady inflation compared to the prior month. Tomorrow's news includes the non-farm payroll report, which is expected to show a tepid 100,000 net new jobs, aligning with an outlook for slowing economic activity and a higher likelihood for aggressive FOMC rate cuts this year and next.
Earnings season continues to unfold with mixed results from companies like Advanced Micro Devices and Chipotle Mexican Grill. Both reported solid results but failed to impress the market, leaving their stock prices to plummet. The risk now is that results from other big tech companies, including NVIDIA, later in November, and from retailers that are also expected to report in November will follow suit and cap gains in the index regardless of the outlook for rate cuts. Featured: Unlock Exciting Investment Opportunities for 2024 (Huge Alerts) 
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Stocks | | | A pivotal actor in the meme stock craze that began during the pandemic continues to hold a powerful sway over the movement of shares in major U.S. corporations. Nearly four months after revealing a massive stake in the online pet supply retailer Chewy, Keith Gill, aka Roaring Kitty, has dissolved hi... Read the Full Story |
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From Our PartnersWith the 2024 election just a week away, a new crisis is barrelling down on America… one that could cleave the financial world in two the moment the polls close.
I predict they could see investment losses of 50% (or more) in the weeks following the presidential election. | | | | Click here now to grab your seat now. |
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Stocks | | | The downside of high expectations thumped Wall Street on Thursday, and Microsoft and Meta Platforms dragged U.S. stock indexes lower despite delivering strong profits for the summer.The S&P 500 sank 1.9% for its worst day in eight weeks and fell further from its record set earlier this month. T... Read the Full Story |
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The U.S. presidential election will be held on November 5, 2024, but there’s another event that investors may want to vote on before the election. From November 3 through November 6, the Obesity Society will hold its annual meeting, ObesityWeek 2024. Viking Therapeutics Inc. (NASDAQ: VKTX) w... Read the Full Story |
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From Our PartnersKamala Harris is the official Democratic nominee, and with her comes a new era of economic policy. Is your portfolio prepared for the potential market shakeup? Discover the assets you need to protect your investments in uncertain times.
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The appeal of exchange-traded funds (ETFs) is clear: increase the diversification of your portfolio by targeting a large basket of equities with a single ticker to trade, and leave oversight of that basket to professional fund managers. It's no wonder that ETFs have ballooned in popularity, now co... Read the Full Story |
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Boeing Co (NYSE: BA) shares have certainly seen better days, with the ongoing 45% slide from the end of last year speaks volumes. The company is tackling a seemingly never-ending list of challenges: leadership shifts, strike-related slowdowns, safety concerns, and the looming risk of a credit down... Read the Full Story |
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From Our PartnersWelcome to the financial rollercoaster of 2024, where inflation is persistent, stock markets are overinflated and volatile, global conflicts are intensifying, and the national debt is reaching new heights.
These challenges aren't distant headlines; they're impacting your everyday finances. | | | | Act Now to Secure Your Complimentary Gold & Silver Guide |
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Shares of Evolv Technologies Inc. (NASDAQ: EVLV) are down approximately 45% after a group of independent board directors acknowledged accounting irregularities that would delay the company’s quarterly Form 10-Q filing.
The issue concerns misconduct by some of the company&rsquo... Read the Full Story |
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As slow as it is to build, Advanced Micro Devices (NASDAQ: AMD) is gaining momentum with AI and is well-positioned for long-term market share gains. The primary hurdle is its AI ecosystem, which lags behind NVIDIA’s (NASDAQ: NVDA) development, but the ecosystem is improving quarterly, aided ... Read the Full Story |
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Markets | | | A closely watched survey on manufacturing in China has edged into positive territory after months of contraction, the government statistics agency said Thursday.The Purchasing Managers’ Index rose to 50.1. A reading above 50 indicates an improvement over the previous month. It was the first improvem... Read the Full Story |
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Markets | | | Delivery service DoorDash said Wednesday that it's partnering with Lyft to bring ride-sharing benefits to its members.The announcement came as DoorDash released better-than-expected results for its third quarter. The San Francisco company said its revenue rose 25% in the July-September period to $2.... Read the Full Story |
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Tech | | | Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off.The company has spent billions of dollars to expand its global network of data centers and other physical infrastructure ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Syra Health Corp., a healthcare services company, provides health education, population health management, behavioral and mental health, healthcare workforce, and digital health services in the United States. It offers health education services, including medical communications, patient education, and healthcare training; and population health management services, such as analytics as a service, epidemiology, and health equity analytics solutions. The company also engages in developing Syrenity, an on-demand telehealth platform for mental health services. In addition, the company provides healthcare staffing solutions; and digital health solutions comprising digital transformation, cloud and security, artificial intelligence, patient engagement, and health apps. It serves mental health hospitals and organizations, including government agencies, integrated health networks, managed care entities, and pharmaceutical manufacturers. Syra Health Corp. was incorporated in 2020 and is headquartered in Carmel, Indiana. | | View Today's Stock Pick |
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