Good MorningAs traders brace for another round of key economic data, equity markets pulled back again on Thursday. The round begins today with the release of the NFP report, which is expected to show steady and stable job gains, if not robust, job increases. This news will be compounded by several reports next week, including the CPI, which is expected to be hot. The takeaway for investors is the news should confirm the need for another aggressive FOMC interest rate hike which will not be good news for the market. If the index can not get above the current levels by the end of next week, the odds are high for another big drop in stock market prices.
Next week also brings the onset of peak reporting season for the Q3 period. The bulk of reports are expected to be tepid and could also include margin compression and weak guidance. The takeaway here is that estimates have been falling for the last two months, so the average S&P 500 company should be able to beat the consensus easily. The question is by how much and if it will be enough to get the market back into rally mode. With inflation and interest rates still on the rise, however, a major rally does not appear to be in the cards. Featured: $200 Oil Sooner Than You Think -- Buy This Now (IPM) 
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Stocks | | | Mid-caps Digi International (NASDAQ: DGII), Lamb Weston Holdings (NYSE: LW) and Wingstop (NASDAQ: WING) all climbed higher recently n heavy trading volume, even as the broader market reversed lower.
As a whole, mid-caps have been slightly outperforming the S&P 500. The SPDR S&P MidCap... Read the Full Story |
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Politics | | | Asian shares followed Wall Street lower Friday ahead of U.S. jobs data investors hope will persuade the Federal Reserve to ease off plans for more interest rate hikes.
Tokyo, Hong Kong, Seoul and Sydney retreated. Chinese markets were closed for a holiday. Oil prices declined.
... Read the Full Story |
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If you’ve been perusing Marketbeat.com’s proprietary penny stock screening tool you’ve likely seen the name Addentax (NASDAQ: ATXG) or the ticker ATXG on the list. This stock IPO’d without much fanfare but shot up by quadruple digits in the first session. This might signify... Read the Full Story |
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Politics | | | Global stock markets were mixed Friday ahead of U.S. employment data investors hope will show the economy is weakening and persuade the Federal Reserve to ease off plans for more interest rate hikes.
London and Frankfurt opened higher. Tokyo and Hong Kong declined. Oil prices rose.
... Read the Full Story |
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Markets | | | Japan’s Financial Services Agency ordered brokerage SMBC Nikko Securities to suspend its block trading operations for three months from Friday as part of penalties in a market manipulation case.
That follows the arrest of its vice president, Toshihiro Sato, and several other employee... Read the Full Story |
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From Our PartnersWall Street legend is urging Americans to prepare for a historic financial reset in 2023. Get out of cash and into a new vehicle 50 years in the making. | | | | [MORE HERE] |
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The market has an upward bias, and it's as good a reason as any for Ford Motor Company (NYSE: F) stock to climb over 8% in the week ending October 5. The company’s outlook for electric vehicle (EV) sales may be getting investors excited. According to the company, EV sales climbed nearly... Read the Full Story |
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Lucid Motors (NASDAQ: LCID) stock is down 62% for the year. And LCID stock is down nearly 75% from its 52-week high set last November. Demand for electric vehicles (EVs) is on the rise. But like many companies in the space, Lucid is finding it hard to meet its production goals. In fact, Lucid lowe... Read the Full Story |
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Politics | | | The British government has opened a new licensing round for North Sea oil and gas exploration, despite criticism from environmentalists and scientists who say the move undermines the fight against climate change Read the Full Story |
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A 15% jump in Box Inc. (NYSE: BOX) since the start of the month should tell you everything about the kind of momentum the cloud storage company carries into Q4. Its shares had been under pressure throughout September after forming a dangerous-looking double top over the summer, but there’s a... Read the Full Story |
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Politics | | | The piping-hot U.S. job market may be cooling off, if only slightly.
But what business managers, policymakers, investors and economists want to know is this: How cool would be cool enough for the inflation fighters at the Federal Reserve to begin to ease their aggressive interest rat... Read the Full Story |
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Friday's Early Bird Stock Of The Day TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components. It also provides systems design and rack integration, build-to-order, and configure-to-order assembly; and thermal testing, power-draw testing, burn-in, and quality and logistics support. In addition, the company offers outsourced fulfillment, virtual distribution, and direct ship to end-users; shipping documents generation, multi-level serial number tracking, and configured products and online order and shipment tracking, as well as turn-key logistics solutions. Further, it provides public cloud solutions in productivity and collaboration, IaaS, or Infrastructure as a Service, PaaS, or Platform as a Service, SaaS, or Software as a Service, security, mobility, IoT, and other hybrid solutions. Additionally, the company offers online services; provides net terms, third party leasing, floor plan financing, and letters-of-credit backed financing and arrangement; and leases products and provides device-as-a-service, as well as offers direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021. TD SYNNEX Corporation was founded in 1974 and is headquartered in Fremont, California. | | View Today's Stock Pick |
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