Good MorningEquity trading got off to a wobbly start this week but traders quickly got into a rhythm of buying. The S&P 500 moved up more than a half percent on Monday and set a new all-time high on better than expected earnings and hopes for more of the same. Monday’s action was driven primarily by results from Tesla which not only beat on the top and bottom line but announced another price increase that promises to boost profitability.
This is going to be a busy week for the market with over 164 S&P 500 companies slated to report earnings. If there is going to be a big surprise, this is the week the market will get it. The biggest risk, however, isn’t until Friday when the PCE price index is released. Core consumer inflation is expected to fall to 0.2% MOM and there is a very high risk the number will be hot.
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Stocks | | | Who doesn’t like the idea of growth in their portfolio?
Certainly, for investors with a more aggressive bent, it’s a more appealing notion than “value.” Although the research of Eugene Fama and Kenneth French, which yielded the three-factor model, shows that value and small ... Read the Full Story |
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From Our PartnersBombshell analysis reveals elites are hiding $1.0 Quadrillion in the LAST place you’d expect…
Jeff Brown — one of the most accurate tech investors in the world — just sat down for an interview to unveil his findings.
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These Materials Stocks Can Protect Investors From Inflation
Exploring areas of the market that don’t get a lot of attention from the majority of investors can be a rewarding strategy, especially if you can pick up on a sector that is showing relative strength. For example, stocks in t... Read the Full Story |
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Politics | | | The Democrats' idea for a new billionaires’ tax to help pay for President Joe Biden's social services and climate change plan quickly ran into criticism as too cumbersome with some lawmakers preferring the original plan of simply raising the top tax rates on corporations and the wealthy.
... Read the Full Story |
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From Our PartnersAs of October 15, 2021, Bitcoin is over $60,000.Click here for the name and tickers of all five.
In fact, some experts believe Bitcoin could replace gold in the future.
But most people aren't even aware of these 5 stocks in the crypto space... | | Click here for the name and tickers of all five. |
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Politics | | | Samsung’s de facto chief Lee Jae-yong was fined 70 million won (about $60,000) on Tuesday for illegally using the anesthetic drug propofol, about two months after he was released on parole over a separate corruption case.
The Seoul Central District Court said it convicted Lee, vice ch... Read the Full Story |
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Markets | | | Global shares were mostly higher Tuesday after another rally to a record high on Wall Street.
France's CAC 40 added 0.8% in early trading to 6,765.92, while Germany's DAX edged up 1.0% to 15,759.82. Britain's FTSE 100 gained 0.7% to 7,270.40. U.S. shares were set to drift higher with... Read the Full Story |
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From Our PartnersAs oil markets struggle, billionaires bet on “American Energy.” Learn how to claim your early stake on a tech that’s bigger than “green.” | | Click here to learn these two steps. |
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Politics | | | The Netherlands' biggest pension fund announced Tuesday that it will stop investing in companies that produce fossil fuels, saying the move — that has long been demanded by many members of the fund — was prompted by recent climate reports by the United Nations and International Energy Agency.
... Read the Full Story |
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Tech | | | Bearing down on hugely popular social media platforms and their impact on children, the leaders of a Senate panel have called executives from YouTube, TikTok and Snapchat to face questions on what their companies are doing to ensure young users’ safety.
The Senate Commerce subcommitte... Read the Full Story |
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Recreational vehicle (RV) manufacturer Winnebago Industries (NYSE: WGO) shares have been retreating since posting strong fiscal Q4 fiscal 2021 earnings. Despite the record top line and bottom line $0.52 per share earnings beat, the stock sold off over (-10%) of its recent highs. The pandemic winne... Read the Full Story |
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Markets | | |
Shares of global financial giant American Express (NYSE: AXP) were trading lower Monday, following Friday's 5.41% gap higher, on the heels of third-quarter results that beat top- and bottom-line views.
Earnings came in at $2.27 per share, up 75% from the year-earlier quarter. According to MarketB... Read the Full Story |
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Kimberly-Clark Says Toilet Paper Is Getting More Expensive
Kimberly-Clark (NYSE: KMB) didn’t have a good or a bad quarter, just one that highlights issues that are building within the market. The number one is inflation. The company blames inflationary pressures it was slow to combat ... Read the Full Story |
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The Early Bird Stock Of The Day Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services. It also engages in the retail origination and purchase of residential mortgages; and provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations, as well as asset-based lending for middle-market companies. In addition, this segment offers loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. It provides personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional clients. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services; other specialty finance services; equipment financing through structured loan and lease products; and property and casualty premium financing; as well as data processing of payrolls, billing, and cash management services to temporary staffing industry. The Wealth Management segment provides wealth management services, such as trust and investment, asset management, tax-deferred exchange, securities brokerage, and retirement plan services. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois. | | View Today's Stock Pick |
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