Good MorningEquities markets tried to come out of the gates strong this week with the S&P 500 up on Monday. The move is driven by anticipation of better-than-expected earnings as the peak of Q3 reporting gets underway. This week is the busiest week of the reporting cycle and should bring well over 125 reports from S&P 500 companies. The takeaway is that by the end of the week there will be little doubt as to the health of the S&P 500s earnings power.
Also on tap this week? The PCE price index will be released on Friday and it is expected to cool considerably from the previous month. The risk is that another round of hot data will force the FOMC into another 75 basis point interest rate hike and push the US closer to recession.
Featured: 15x? This Is The Power Of Momentum (Darwin) 
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Tech | | | Shares were mostly lower Tuesday in Asia as markets remained jittery over the outcome of a Communist Party congress in China, where key reformers were excluded from the highest ranks of ruling party leadership.
Hong Kong’s benchmark failed to hold onto early gains after a 6.4% sellof... Read the Full Story |
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Stocks | | | Wall Street has high expectations for lithium miners, including S&P 500 component Albemarle (NYSE: ALB), which reports its third quarter on November 2 after the bell.
The stock is up 19.86% in the past three months, and up 16.01% year-to-date. It also rallied a whopping 13.70% in the past week.... Read the Full Story |
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Politics | | | A Uyghur organization and a human rights group are taking the U.K. government to court to challenge Britain’s failure to block the import of cotton products associated with forced labor and other abuses in China’s far western Xinjiang region Read the Full Story |
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Few stocks have performed as well as Cheniere Energy, Inc. (NYSE: LNG) over the last couple of years. The liquid natural gas (LNG) leader is up more than 400% from its March 2020 low…and doesn’t appear to be losing any steam.
As the major indices head south, Cheniere is setting... Read the Full Story |
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Politics | | | European Union energy ministers are seeking some common ground to flesh out the barest of tentative agreements that their leaders could find last week to soften the blow of the energy crisis while maintaining a united front during Russia’s war in Ukraine Read the Full Story |
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Shares of Schlumberger (NYSE: SLB) are up over 10% after the company posted a beat on both the top and bottom lines on October 21. The oil and gas giant posted revenue of $7.48 billion, exceeding analysts’ estimates for $7. 10 billion. And on the bottom line, the company delivered $6.30 in e... Read the Full Story |
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Stocks | | | Major airline carrier American Airlines Group (NASDAQ: AAL) has returned to profitability with record third-quarter revenues surpassing 2019 pre-pandemic levels. The whole airline industry has been recovering as evidenced by the earnings releases from Delta Air Lines (NYSE: DAL), Southwest Airlines ... Read the Full Story |
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Whether they’ve become less optimistic or more realistic about the next 12 months the analysts covering Tractor Supply Company (NASDAQ: TSCO) just trimmed their price targets. The group, Marketbeat.com is tracking 17 analysts covering Tractor Supply Company, issued at least 7 price target re... Read the Full Story |
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Politics | | | Australia’s new government released plans Tuesday for more spending on families, the elderly, defense and its Pacific neighbors as the country braces for an economic slowdown due to rising interest rates, inflation and disastrous floods.
Treasurer Jim Chalmers delivered his center-lef... Read the Full Story |
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Markets | | | Where to sleep? It’s among the biggest questions facing fans traveling to tiny Qatar for the World Cup amid a feverish rush for rooms in Doha. Some will sleep on cruise ships. Others will camp in the desert. Others will fly in from Dubai and elsewhere.
But in the run-up to the world’s... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At June 30, 2024, we owned or had an interest in 230 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 84% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at June 30, 2024, we had a 22.4% ownership interest in Klépierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries. | | View Today's Stock Pick |
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