Onsemi (NASDAQ: ON), formerly known as ON Semiconductor, is a chip stock that hasn’t had a great 2024 so far. The company’s shares are down 12%, underperforming its industry. The Invesco PHLX Semiconductor ETF (NASDAQ: SOXQ) is up 22% this year. However, some indicators give reason to .... |
Good MorningThe S&P 500 set an all-time high following the FOMC's decision to cut rates by an aggressive 50 basis points. However, the Fed didn't alleviate uncertainty so much as to increase it because the aggressive pace suggests the need to front-run the risk of a recession. The takeaway for investors is that the S&P 500 may continue higher this week. Still, it has begun to form a Rising Wedge pattern, likely resulting in a price action reversal within the coming weeks.
The risk for the market next week is the PCE price index. The index is due on Friday and needs to be a Goldilocks number: neither too hot nor too cold. Any variation from the trend will alter the outlook for rate cuts and economic fundamentals, with hot inflation reducing the chances for additional rate reductions this year and cool inflation increasing the odds of a recession.
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| Technology | |
Onsemi (NASDAQ: ON), formerly known as ON Semiconductor, is a chip stock that hasn’t had a great 2024 so far. The company’s shares are down 12%, underperforming its industry. The Invesco PHLX Semiconductor ETF (NASDAQ: SOXQ) is up 22% this year. However, some indicators give reason to ... Read the Full Story |
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| Technology | |
U.S. stocks reacted positively following the Federal Open Market Committee's announcement in mid-September that it would lower interest rates by 50 basis points, wider than many analysts had anticipated. Generally, a lower federal funds rate is often a boon for stocks, as businesses are able to mo... Read the Full Story |
| Consumer Discretionary | |
U.S. retail and food service sales for August reached nearly $711 billion, an improvement of 0.1% sequentially and 2.1% year-over-year. Though relatively modest, these gains nonetheless represent a surprise, as many analysts had anticipated that poor auto sales and the lingering impact of inflatio... Read the Full Story |
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| Healthcare | |
The Federal Reserve rate cuts have sent the market up, but some stocks are rising more than others. That includes small pharmaceutical companies like Wave Life Sciences (NASDAQ: WVE), whose shares rose 9% the day after the central bank reduced rates by 50 basis points.
However, rate cuts are no... Read the Full Story |
| Industrials | |
FedEx Corporation (NYSE: FDX) is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year. The... Read the Full Story |
| From Our Partners | | Unitree's IPO grabbed headlines, but a handful of already-public robotics companies have been quietly delivering results that look nothing like hype.
One robotics-and-testing firm grew quarterly revenue from $686 million to $1.282 billion year over year and broke out above a $422.11 buy point. A warehouse robotics company exited the quarter with a $22.7 billion backlog and $2.0 billion in cash with no debt. A robotic surgery leader placed 431 systems in a single quarter. | | Get the free robotics stock report now. |
| Markets | |
The US Securities and Exchange Commission (SEC) has embarked on a significant overhaul of the US equity market structure, with a key component being reducing the minimum tick size from one penny to half a penny. This move, expected to take effect in November 2025, promises to reshape the way stock... Read the Full Story |
| Finance | |
Mastercard (NYSE: MA) just announced an acquisition to beef up its capabilities in cybersecurity and threat prevention. It will buy Recorded Future, the world's largest threat intelligence firm. When it comes to companies deeply embedded in the payments industry, it makes sense why Mastercard spen... Read the Full Story |
| Markets | |
For months, investors have been bracing for a shift in the Federal Reserve's monetary policy, anticipating loosening interest rates to counter potential economic headwinds. But the recent rate cut, a dramatic 50 basis point reduction, has yielded an unexpected result: bond yields have risen. This ... Read the Full Story |
| Real Estate | |
With the Federal Reserve kickstarting a new rate-cutting cycle, dividend stocks have become even more attractive. On Wednesday, the Fed made a hefty 50 basis points cut, surprising many who had anticipated a more modest 25 basis point reduction. As rates drop, dividend-paying stocks become more ap... Read the Full Story |
| Markets | |
The stock market is an active ecosystem constantly influenced by various factors. One such factor, occurring four times a year, is the “triple witching.” This event, which takes place on the third Friday of March, June, September, and December, can significantly impact market volatilit... Read the Full Story |
| Monday's Early Bird Stock Of The Day Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications. The company offers grocery and consumables, including dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; fuel, tobacco and other categories. It is also involved in the provision of health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products; and home and apparel including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses and tire and battery centers. In addition, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. Additionally, the company markets lines of merchandise under private brands, including Allswell, Athletic Works, Equate, and Free Assembly. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas. | | View Today's Stock Pick |
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