Good MorningEquity markets confirmed the downtrend last week forming a Dark Cloud Cover on the weekly charts of most major indices. The Dark Cloud Cover is an ominous signal akin to an Outside Day and it points to lower prices for the S&P 500. The fact this signal occurs below key resistances such as the 150-day moving average, the top of a channel, and at a previous low only makes it stronger. The index may hover at current levels for the next week or two but, without a change in the economic winds, a move lower is all but assured.
There are two major hurdles for the market this week and the first is election day. The election will bring a change to the outlook, for better or worse, and it could alter the trajectory of the stock market. The other hurdle is the CPI reading for October. This is the 1st of 4 major inflation readings before the next FOMC meeting and will absolutely have an impact on the outlook for inflation, interest rate hikes, and the odds of a major recession in 2023. Featured: Buy This $5 Stock Before Apple Car Announcement (IPM) 
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Markets | | | Heart disease equipment maker Edwards Life Sciences (NYSE: EW) stock has fallen (-46%) on the year after a disastrous reaction to its Q3 2022 earnings report. The maker of heart valve systems and repair products for both surgical and transcatheter therapies reported a small miss and lowered its full... Read the Full Story |
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Markets | | | Semiconductor company Advanced Micro Devices (NASDAQ: AMD) stock is down (-52.5%) on the year underperforming both the Nasdaq (NYSEARCA: QQQ) down (-36%) and the Semiconductor index (NASDAQ: SMH) down (-39%) for the year. Investors fear that rising interest rates, global recession, a strong U.S. dol... Read the Full Story |
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Politics | | | Global stocks mostly advanced Monday as investors weighed uncertainties such as the U.S. midterm elections and China's possible moves to ease coronavirus restrictions.
Oil prices fell and U.S. futures edged lower.
France's CAC 40 lost 0.4% to 6,391.90 in early trading... Read the Full Story |
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In what’s been a good year for the solar industry, First Solar, Inc. (NASDAQ:FSLR) is the most radiant performer.
Shares of the Arizona-based company have doubled since July 2022 and are up more than 70% year-to-date. They are trading at their highest level in more than a decade and on pace... Read the Full Story |
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Markets | | | Global coffee products retailer Starbucks (NYSE: SBUX) stock has evolved beyond just coffeeshops as it has expanded to include brands like Teavana, Ethos, Princi, Seattle’s Best Coffee, Evolution Fresh, and Starbucks Reserve under its umbrella. Starbucks has established its brand as a premium ... Read the Full Story |
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From Our PartnersU.S. Loses to China in Shocking WAR GAMES
Pentagon says new "living missile" key to winning a future conflict.
Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon. | | Get the name of the stock here > > > |
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Politics | | | China lashed out Monday over a visit to Taiwan by British Trade Policy Minister Greg Hands, the latest foreign official to defy Beijing’s warnings over contacts with the self-governing island republic.
China claims Taiwan as its own territory and threatens to annex it by force. It al... Read the Full Story |
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Even a perennial outperformer like Amazon.com (NASDAQ: AMZN) takes its lumps once in a while. After finishing higher in each of the last seven years, the company is on pace to lose roughly half its market value in 2022.
Common culprits like supply chain disruption and higher labor costs hav... Read the Full Story |
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Tech | | | Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China.
The company announcement Sunday gave no details but said the factory operated by Foxconn in the central ci... Read the Full Story |
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Markets | | | Manchester City reported record revenues and profits for the club in its latest financial statement released on Monday, saying “beautiful football” was the main reason for its success.
Revenues of 613 million pounds ($693 million) for the 2021-22 fiscal year surpassed the figure of a... Read the Full Story |
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Tech | | | Elon Musk tweeted Sunday that Twitter will permanently suspend any account on the social media platform that impersonates another.
The platform's new owner issued the warning after some celebrities changed their Twitter display names — not their account names — and tweeted as ‘Elon M... Read the Full Story |
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Monday's Early Bird Stock Of The Day QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and related products to the United States government agencies and their contractors. The company was incorporated in 1985 and is headquartered in San Diego, California. | | View Today's Stock Pick |
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