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: Elon Musk's Next Big AI Project Could Open This Month (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 | | Jeff Brown, founder and CEO of Brownstone Research, says he has uncovered what he calls one of the biggest discoveries of his career tied to the ongoing AI boom.
Brown is pointing to a key date, October 20, and is highlighting five AI-related opportunities outside the traditional stock market that most investors have never heard of. | | Click here to see the full research before October 20 |
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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 | | Jeff Brown, the former tech executive who picked Nvidia in 2016 before it surged as high as 37,800 percent, just got inside Elon Musk's new Cybercab, a vehicle with no steering wheel or pedals.
In 2018, the New York Post called Musk a total fraud. Brown's latest footage shows just how far that technology has come since then. | | Watch the Cybercab footage and judge Elon Musk's technology yourself |
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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 | | Jeff Brown, the former tech executive who called the rise of Bitcoin, Tesla, and Nvidia years early, is tracking a new Elon Musk project he calls the most epic AI initiative in history.
The plan could give Musk access to 50 times more computing power than the rest of the world combined, a development Brown says is drawing attention from executives at Amazon, Microsoft, and Google.
Brown compares the scale of this project to the SpaceX IPO, which minted thousands of millionaires overnight. | | Click here to see the full details on Musk's next big move |
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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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