Good MorningEquity markets hovered near record highs for a second day as traders and investors waited on this week's events. The CPI report, due today, is at the top of the list. The report is expected to show steady consumer inflation at the core level of nearly 2.6%. This aligns with the trend but raises the risk that the FOMC will wait for additional slowing before its next move. With Trump on his way to the White House, that may not be for some time. Trump's return to office will impact the economy even before he makes his first policy change because of the impact on sentiment. With regulatory hurdles and tax burdens expected to recede, CEOs and CFOs can start making plans for the next four years.
The S&P 500 is at a critical juncture, trading just beneath the 6,100 resistance target. If the market can move higher from here, the odds are high that the S&P 500 will continue higher through the end of the year and into 2025. In that scenario, the S&P 500 could advance to the 7,500 level or higher. Featured: Now's your chance if you've never heard of the Income Machine (Ad) 
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Consumer Discretionary | |
Home Depot (NYSE: HD) is moving higher on the combined forces of outperformance and an expectation for tailwinds to develop in 2025. Better-than-expected consumer trends, acquisitions, and the pro-business drive outperformance in 2024, leading the company to improve guidance against a backdrop of ... Read the Full Story |
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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 |
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Industrials | |
Price action can be one of the best indicators for investors to keep track of when figuring out where the market is trying to go in the coming quarters. As it turns out, most – if not all – asset classes rose tremendously the morning after the United States presidential elections, and ... Read the Full Story |
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Finance | |
Once the United States presidential elections were over, there seemed to be an everything rally for the financial markets, or, as Warren Buffett likes to say, a rising tide lifts all boats. However, he also likes to add that when the tide goes out, that’s when everyone knows who’s been... Read the Full Story |
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From Our Partners | | Eric and Debbie thought they'd work until their 80s just to get by in Burbank, California. Instead, they found a country club home in Western Europe for just 81000.
Their new chalet comes with a golf course, tennis courts, pools, and even a hotel for visiting family. Jennifer Stevens, Executive Editor of International Living, says their story reflects a growing trend of Americans finding debt free lives overseas. | | Read Eric and Debbie's full retirement story now. |
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Healthcare | |
Every earnings season has its share of outperformers, companies that report blowout quarters and raise their forecasts. The market reacts quickly sending shares sharply higher. The third quarter of 2024 earnings season is no different. If you want to track the best of the best when it comes to cru... Read the Full Story |
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Technology | |
Lam Research Co. (NASDAQ: LRCX) is a semiconductor equipment manufacturer that makes machines that help make computer chips. Specifically, their wafer fabrication equipment (WFE) focuses on front-end wafer processing, which prepares the raw silicon wafers to be transformed into computer chips. A... Read the Full Story |
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From Our Partners | | In April 2024, gold had gone nowhere for 13 years - then it surged to a record high, more than doubling in value.
Now gold has pulled back roughly 20%. Inflation is rising, the Fed is hiking rates, and government borrowing continues. Ross Givens says his long-term thesis still holds.
He points to a backdoor gold play that ran 846%, 1,668%, and 1,915% in the last major cycle. | | See the one gold trade Ross Givens recommends making right now |
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Technology | |
Customer relationship management (CRM) software has become a mainstay for businesses of all sizes. CRM platforms enable companies to manage interactions and engagements with existing and potential customers. They are designed to streamline processes like contact management, track sales pipelines a... Read the Full Story |
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Industrials | |
Generac Holdings Inc. (NYSE: GNRC) is one of the few benefactors of major storms and power outages.
The industrial products sector company is a leading manufacturer of backup generators for residential and commercial & industrial applications.
While the stock is trading near 52-week highs,... Read the Full Story |
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Energy | |
Price action is often one of the most important indicators for investors to keep track of in the market, and price action only comes with the right amount of volume underneath. Knowing this, investors would benefit from looking into the recent price action and volume in the energy sector, particul... Read the Full Story |
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Consumer Discretionary | |
Although we don’t recommend trying to time the market, timing frequently matters when it comes to buying stocks. And right now, it appears that Yum! Brands Inc. (NYSE: YUM) may be a better stock to buy than McDonald’s Corp. (NYSE: MCD). While McDonald’s is a brand unto itself, Yu... Read the Full Story |
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Markets | |
The S&P 500 (NYSEARCA: SPY) is in a strong uptrend that is gaining momentum following the 2024 election results. The robust technical outlook suggests that the market can increase by another 20% to reach 7,400. As wild as it sounds, the target is derived from not one but numerous projections t... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Sabra Health Care REIT, Inc. engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA. | | View Today's Stock Pick |
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