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: Leading AI Insider Issues Urgent Market Warning (Ad) 
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Healthcare | |
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 Partners | | Forbes recently called a new category of exchange-traded income funds a 'golden era,' and Bloomberg noted the eye-popping yields are fueling a boom among everyday investors. Three years ago, barely a dozen of these funds existed - today there are more than 100, holding over $140 billion.
These funds trade on the NYSE and NASDAQ and are built to generate monthly income. Some investors are targeting $5,000 a month with roughly one-tenth of the nest egg Wall Street says you need. | | Watch the short briefing to see how this income approach works |
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Industrials | |
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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Technology | |
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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From Our Partners | | AI data centers have a power problem nobody likes to talk about. A single rack of computers can now use more electricity than an entire office building.
One new chip, which looks more like a piece of plywood than a processor, delivers similar performance on a fraction of the power. Tech investing veteran George Gilder says that efficiency gap could decide who wins the next stage of AI.
Gilder has identified three companies positioned around this power breakthrough, calling them the Trillion Dollar Triangle. | | See the three companies behind this AI power breakthrough now |
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Technology | |
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’s employe... Read the Full Story |
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Markets | |
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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From Our Partners | | In February, a company paid 200 million dollars for a dead aluminum smelter in Hawesville, Kentucky. Locals called it an eyesore.
Five months later, that same site signed a 19 billion dollar, 20-year lease with Anthropic. No aluminum will ever be made there again.
Something the smelter left behind is worth more than the smelter itself, and Wall Street hasn't named it yet. Dylan Jovine has. | | Discover what this abandoned smelter site is really worth to Anthropic |
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Markets | |
Most investors fail to adopt a hybrid attitude toward the stock market. This means some place too much weight on the fundamentals regardless of price action and charts. In contrast, others swear by technical analysis without considering the big-picture fundamentals. The best on Wall Street managed... Read the Full Story |
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Industrials | |
The economic data has been mixed for the last year but remains sufficient to sustain solid GDP growth, indicating growing activity, which is good news for business services companies. Business services companies provide value to other businesses with products and services that reduce time and cost... Read the Full Story |
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Healthcare | |
Cassava Sciences Inc. (NASDAQ: SAVA) is a biotech developing treatments for Alzheimer's disease. The company has a lot of controversy over its lead drug, simufilam, which attempts to go further than alleviate symptoms but actually modify the underlying biology of the disease. While the concept s... Read the Full Story |
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Finance | |
Every stock has bulls and bears. When trying to understand the bearish sentiment around a stock, looking at short interest can be particularly useful. This provides a measurement of how much bearishness there is around a stock, as short sellers are betting on the share price to fall.
Looking at s... Read the Full Story |
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Finance | |
The financial sector has remained resilient, with the Financial Select Sector SPDR Fund (NYSE: XLF) recently breaking out to new 52-week highs after consolidating for a month. Strong earnings at the start of the earnings season from major players such as JPMorgan Chase, Wells Fargo, and BlackRock ... 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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