Good MorningEquity markets came out of the gate strong on Monday but the move may be short-lived. The rally peaked out below the prior week's high and the 3,700 resistance target despite better-than-expected results from many of the nation's largest banks. The move suggests upward momentum could build but there are headwinds to overcome. If the market can not get above 3,700 by the end of the week the odds of another sell-off in equities will grow. As it is, the downtrend is intact.
This week's market action will be driven by earnings and economic data. Reports from names like Netflix, JB Hunt, Abbot Laboratories, and Tractor Supply Company top the list. On the economic front, reports from the manufacturing and housing sectors will be accompanied by the Leading Indicators and the Fed's Beige Book. The first report of the week, the Philly Fed MBOS, was negative and much worse than expected so hope for good news may be misplaced. Featured: $200 Oil Sooner Than You Think -- Buy This Now (IPM) 
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Politics | | | Stocks were mostly higher in Asia on Tuesday, tracking the latest rally on Wall Street. Oil prices and U.S. futures advanced and the dollar was trading near 149 Japanese yen.
A release of China's most recent economic growth figures was postponed Monday, removing one factor that had b... Read the Full Story |
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After slipping to its lowest level since 2013, Biogen Inc. (NASDAQ:BIIB) was all but forgotten by growth investors. That changed in dramatic fashion late last month when the biotech’s pipeline got a major boost.
Why Did Biogen’s Stock Jump Higher?
On September 27th, Biogen alon... Read the Full Story |
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Politics | | | Australian and Singaporean leaders announced Tuesday what they described as a world-first agreement to cooperate in transitioning their economies to net-zero greenhouse gas emissions.
Singapore’s Prime Minister Lee Hsien Loong and Australia’s Prime Minister Anthony Albanese outlined t... Read the Full Story |
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From Our Partners Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation. | | Click here to get your free copy of the report |
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Markets | | | Camping products and recreational vehicle (RV) dealer Camping World (NYSE: CWH) has been a direct benefactor of the pandemic as consumers discovered or rediscovered outdoor leisure activities. The lifting of COVID restrictions and spread of vaccinations haven’t stopped the growth at Camp... Read the Full Story |
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Politics | | | Stocks were mostly higher in Europe and Asia on Tuesday, tracking the latest rally on Wall Street. U.S. futures advanced and the dollar was trading near 149 Japanese yen.
A release of China's most recent economic growth figures due out Tuesday was postponed, removing one factor that ... Read the Full Story |
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From late 2020 into 2021, the electric vehicle (EV) sector resembled the starting line of an auto race. It was a crowded field full of some established automakers like Ford (NYSE:F), General Motors (NYSE:GM) and Tesla (NASDAQ:TSLA). And there were some new companies loaded with potential, but litt... Read the Full Story |
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The big banks have been in a protracted downtrend since hitting their post-pandemic peak but it looks like the bottom is in for JPMorgan Chase & Co. (NYSE: JPM) and some of its closest competitors. While the Q3 reporting season is not quite what the market expected, results from consumer-orien... Read the Full Story |
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Markets | | | Johnson & Johnson topped third-quarter expectations thanks to growth in pharmaceutical sales, but the health care giant continued to tread cautiously with its outlook due to the strong dollar.
J&J on Tuesday stuck to the midpoint of its 2022 forecast after lowering expectatio... Read the Full Story |
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Tech | | | German Chancellor Olaf Scholz has ordered preparations for all of the country's three remaining nuclear reactors to continue operating until mid-April. The move marks another hiccup in the country's long-running plan to end the use of atomic energy. Here is a look at Germany's politically charged de... Read the Full Story |
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Markets | | | Today, as the MarketBeat Podcast celebrates the milestone of Episode 50, Kate welcomes back a popular guest, Jason Brown of the Brown Report. Today, he discusses three widely held large caps. If you don’t own these as individual stocks, you may own them inside index funds. Their sheer size mea... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day RPM International Inc. manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems. It also provides polymer flooring systems; fiberglass reinforced plastic gratings and shapes; corrosion-control coating, containment and railcar lining, fire and sound proofing, and heat and cryogenic insulation products; specialty construction products; amine curing agents, reactive diluents, and epoxy resins; fluorescent colorants and pigments; shellac-based-specialty and marine coatings; fire and water damage restoration, carpet cleaning, and disinfecting products; fuel additives; wood treatments, coatings, and touch-up products; and nail enamels, polishes, and coating components. In addition, it offers solutions for the paint contractors and DIYers, concrete restoration and flooring, metallic and faux finish coatings, cleaners, and hobby paints and cements; and caulks, adhesives, insulating foams, and patches, as well as spackling, glazing, and repair products. The company was incorporated in 1947 and is headquartered in Medina, Ohio. | | View Today's Stock Pick |
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