Good MorningThe S&P 500 moved down to set a new low last week confirming a near-term downtrend within a larger long-term market reversal. The move was driven by the rising fear of inflation, the FOMC, and earnings power for S&P 500 companies in the face of slowing economic activity. The data is still iffy on the recession front but much of it speaks of peaking within the US economy and peaking could lead to contraction if the Fed acts too hastily.
The biggest risk for the market is inflation. The PCE index not only showed acceleration from the previous month, which was expected, but it came in hotter than expectations and point to another aggressive move by the FOMC. As it is, the market is pricing in a solid chance for another 75 basis point rate hike in early November and a near certainty rates will rise another 150 basis points by the end of the year. Featured: Most profitable less than $5 stock in the world? (The Oxford Club) 
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It’s conventional knowledge that stocks and bonds tend to move inversely or have a negative correlation most of the time. When interest rates rise, stocks fall, bond yields rise, and bond prices fall. Interest rates haven’t been much of a factor for over a decade until inflation reared... Read the Full Story |
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Markets | | | Amid the volatility in commodity prices since Russia’s invasion of Ukraine in February, established large cap Archer-Daniels-Midland (NYSE: ADM) and new company Forafric Global (NASDAQ: AFRI) appear set to capitalize on continued uncertainty.
Some analysts warning of winter food shortag... Read the Full Story |
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Politics | | | Asian shares were mostly lower on Monday after Wall Street closed out a miserable September with a loss of 9.3%, the worst monthly decline since March 2020.
Tokyo rose while other regional markets declined. Shanghai was closed for China’s weeklong National Day holidays.
... Read the Full Story |
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Markets | | | Clean-tech battery maker Freyr (NYSE: FREY) is proving to be a success story on several levels. The stock appears poised for more gains as the company ramps up to better serve the electric vehicle market.
The Norwegian company designs and manufactures lithium-ion batteries for various applications ... Read the Full Story |
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Markets | | | Global agricultural equipment maker Deere & Company (NYSE: DE) stock is weathering the bear market sell-off relatively well with shares down only (-4.7%) on the year compared to (-25%) for the S&P 500 index (NYSEARCA: SPY). While Deere also makes heavy machinery like Caterpillar (NYSE: CAT) ... 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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Stocks | | | Worldwide vehicle parts manufacturer Magna International (NYSE: MGA) is not a household name yet is the largest automotive supplier in North America and fourth largest in the world. The Company is contracted with over 50 global customers including the largest automotive brands in the world like Ford... Read the Full Story |
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Markets | | | Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed Monday, as the world's third largest economy grapples with rising costs, a weakening currency and slowing global demand.
The headline measure for the “tankan,” measurin... Read the Full Story |
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Politics | | | A theater in Hungary's capital will sit through a cold and quiet winter after its managers chose to shut it down rather than pay skyrocketing utility prices that are putting a squeeze on businesses and cultural institutions across Europe.
The 111-year-old Erkel Theatre in Budapest, o... Read the Full Story |
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Politics | | | Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the International Energy Agency said.
The Paris-based IEA said ... Read the Full Story |
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Politics | | | An investigation by The Associated Press and the PBS series “Frontline” has documented a sophisticated Russian-run smuggling operation that has used falsified manifests and seaborne subterfuge to steal Ukrainian grain worth at least $530 million Read the Full Story |
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Monday's Early Bird Stock Of The Day CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia. | | View Today's Stock Pick |
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