Good MorningThe rebound in equities appears to be over as quickly as it began. The S&P 500 fell about 1.0% at the low of Wednesday's session confirming resistance at the short-term 30-day EMA. The move may gain momentum on Thursday and could be driven by earnings as well economic data. On the earnings front, reports from AT&T, Tractor Supply Company, Phillip Morris, and Genuine Parts Company will give a broad look at the earnings situation which has been in a general decline. On the economic front, reports from the housing sector, the manufacturing sector, and the Index of Leading Indicators will point to what the market should expect from the Q4 season when it rolls around.
Next week could be trying for the market. The next big test will be a double-shot in the form of Peak Earnings and the PCE price index. Peak Earnings will bring over 100 S&P earnings reports including some of the FAANG names including Google, Amazon, and Microsoft. If they report better than expected or give good guidance the market could regain traction and begin putting in a real bottom. The risk is the PCE price index, if it comes in hot on Friday the earnings may not matter. Featured: Do You Own These 7 Inflation-Survival Stocks? (Mauldin Economics) 
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Stocks | | | While much-larger industry peer UnitedHealth (NYSE: UNH) tends to get attention, large-cap managed-care provider Molina (NYSE: MOH) has shown better price strength in recent months.
With a market capitalization of $20.89 billion, Molina is large enough to be tracked by the S&P 500, but it... Read the Full Story |
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From Our PartnersExec. Order 14067 could be Biden's disturbing plan to "retire" the US dollar. Read more.
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Cardinal Health (NYSE: CAH), which distributes branded and generic pharmaceutical products, and also manufactures, sources, and distributes products for medical, surgical, and laboratory uses, cleared a cup-with-handle buy point Wednesday.
That’s a pretty impressive feat, considering the st... Read the Full Story |
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Markets | | | Asian shares were mostly lower on Thursday after Wall Street benchmarks fell and Japan reported a 14th straight month of monthly trade deficits due to high prices for oil and other commodities and a weakening yen.
Wall Street futures were mixed while oil prices gained.
... 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 | | | What does Dom Perignon champagne, Louis Vuitton handbags, FENDI purses, TAG Heuer watches, Tiffany & Co. jewelry, and Geurlain parfums have in common? Yes, they are luxury brands, but they’re also owned under one global luxury goods company LVMH-Moet Hennessy Louis Vuitton Sociét&ea... Read the Full Story |
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Politics | | | Across the country, families are looking to the winter with dread as energy costs soar and fuel supplies tighten.
The Department of Energy is projecting sharp price increases for home heating compared with last winter and some worry whether heating assistance programs will be able to ... Read the Full Story |
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From Our PartnersA financial holding company, a medical device company, and three more microcap stocks could see a spike in share prices... All due to an earnings announcement coming very soon. Now's your chance to see the opportunity provided by these 5 microcap stocks. | | Click here to get the names & ticker symbols of all 5. |
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Winnebago Industries (NYSE:WGO) reported earnings on October 19 and delivered a beat on both its top and bottom lines. The company posted earnings per share (EPS) of $3.02 on revenue of $1.18 billion. That was above the $2.97 EPS on revenue of $1.11 billion that was forecast.
Those numbers... Read the Full Story |
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Politics | | | Japan has marked a trade deficit for the 14th month in a row, with exports and imports ballooning to record highs as the declining value of the yen added to the soaring costs of imported energy, food and other goods Read the Full Story |
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Politics | | | German Chancellor Olaf Scholz said Thursday that Russia's war in Ukraine mustn't lead to a “worldwide renaissance” for coal — comments that come as Germany itself brings coal-fired power plants back online in an effort to prevent an energy crunch this winter.
In a speech to parliament... Read the Full Story |
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Tech | | | The Biden administration has announced a round of criminal charges and sanctions related to a complicated scheme to procure military technologies from U.S. manufacturers and illegally supply them to Russia for its war in Ukraine Read the Full Story |
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Buy less. Switch to generic brands. Ask the boss for a raise.
These days, there aren’t many desirable ways to beat inflation. The same can be said of developing an inflation-proof investment strategy.
Defensive names like grocery stores offer value in a down market but are exposed to cost ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada. It is also involved in the distribution of wholesale medical cannabis in the European Union (EU); distribution of wholesale medical cannabis in various international markets, including Australia, the Caribbean, South America, and Israel; supply of propagated vegetables and ornamental plants in North America; and distribution and sale of hemp-derived cannabidiol (CBD) products. In addition, the company cultivates and sells dried cannabis, cannabis oils, capsules, edible cannabis, cannabis extracts, and soft gels, which are ingested in various ways, including smoking, vaporizing, and consumption in the form of oil, capsules, edibles, and extracts; and provides dried flowers, vapes, dried milled strains, strain-specific extracts, strain specific cannabis oils, and concentrates. Further, it offers recreational cannabis products, such as flowers, vapes, ingestibles, concentrates, extracts, and CBD products; and patient counseling and outreach services. The company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard, as well as CBD brands, Reliva and KG7; and medical cannabis brands include MedReleaf, CanniMed, Aurora, Whistler Medical Marijuana Co, Pedanios, Bidiol, and CraftPlant. Aurora Cannabis Inc. is headquartered in Edmonton, Canada. | | View Today's Stock Pick |
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