Good MorningLast week, equity markets showed tremendous resilience when faced with mounting headwinds. Geopolitical tensions, hot inflation, and a hawkish Fed did little to sway sentiment. The S&P 500 closed relatively flat for the week but up from the session's close and showing support at a critical level, and it may move higher this week. There are several potential headwinds, including the ramp of earnings season, which got started with a bang.
Reports from the Big Banks were better than expected and revealed that too big to fail keeps getting bigger. The takeaways from the results are solid revenue growth, margin expansion, double-digit earnings growth, balance sheet strengthening, and capital returns. However, this week brings reports from dozens of small and mid-sized banks that may not fare well. Other reports include trucking outfit J.B. Hunt Transportation Company and Tesla. The analysts set the bar low for each, so outperformance is expected. Featured: 2023's Best Stock: Buy Before the Market Knows (Darwin) 
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Only four stocks in the Technology Select Sector SPDR Fund (NYSEARCA: XLK) posted gains on October 13, as the spooky specter of higher interest rates sent tech stocks lower.
Chip stocks, which have been some of 2023's biggest success stories, built upon the promise of AI, were among the har... Read the Full Story |
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Vietnamese electric vehicle (EV) maker VinFast Auto Ltd. (NASDAQ: VFS) saw its shares rise from $11.61 to $93 after it went public on August 15, 2023, through a reverse merger via a special purpose acquisition corporation (SPAC). In a move reminiscent of the meme stocks of 2021, in six days, it su... Read the Full Story |
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The masters of the universe, otherwise known as the institutions that call upon investor capital (individual citizens or even entire governments), can often act as a proxy for what the global economy is going through and, more importantly, where it is headed.
Today, one of the world's large... Read the Full Story |
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What did the two birds flying over K-Mart say to each other? Cheap, cheap. They might say the same thing about these two consumer staples stocks, trading near their 52-week lows. What a difference a year makes. It's hard to believe, but these stocks traded at 52-week highs in 2022. Consumer staple... Read the Full Story |
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If you've ever wished that you could go back in time, then here are two stocks that saved you the trouble. Their prices are trading at levels not seen since the last six months up to a year ago. Fundamentals have arguably improved since then, but shares are trading near 52-week lows. There seems t... Read the Full Story |
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Stocks | | | Asian shares advanced Tuesday after U.S. stocks rallied as investors unwound some of last week’s moves driven by worries about war in the Middle East. Oil prices slipped and U.S. futures also edged lower. Markets are awaiting China’s latest economic growth figures, due Wednesday. Economists are fore... Read the Full Story |
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Markets | | | The Owino Market in Uganda's capital has long been a go-to enclave for rich and poor people alike looking for affordable but quality-made used clothes, underscoring perceptions that Western fashion is superior to what is made at home Read the Full Story |
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Markets | | | The Owino Market in Uganda's capital has long been a go-to enclave for rich and poor people alike looking for affordable but quality-made used clothes, underscoring perceptions that Western fashion is superior to what is made at home Read the Full Story |
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Markets | | | Strong spending by consumers has been a linchpin keeping the U.S. economy out of a recession, and Vivid Seats CEO Stan Chia doesn’t see demand in his industry falling off. He says customers are still using Vivid Seats to find tickets to concerts, sporting events and the theater even if interest rate... Read the Full Story |
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Markets | | | Shares of Dollar General are up more than 7% before the opening bell Friday after the discount chain said Todd Vasos will be returning as CEO after a streak of disappointing quarterly profits.The company has missed Wall Street profit projections in four of the five past quarters and shares have fall... Read the Full Story |
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Monday's Early Bird Stock Of The Day The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States. The Household segment provides cat litter products under the Fresh Step and Scoop Away brands; bags and wraps under the Glad brand; and grilling products under the Kingsford brand in the United States. The Lifestyle segment offers dressings, dips, seasonings, and sauces primarily under the Hidden Valley brand; natural personal care products under the Burt's Bees brand; and water-filtration products under the Brita brand in the United States. The International segment provides laundry additives; home care products; water-filtration systems; digestive health products; grilling products; cat litter products; food products; bags and wraps; natural personal care products; and professional cleaning and disinfecting products internationally primarily under the Clorox, Ayudin, Clorinda, Poett, Pine-Sol, Glad, Brita, RenewLife, Ever Clean and Burt's Bees brands. It sells its products primarily through mass retailers; grocery outlets; warehouse clubs; dollar stores; home hardware centers; drug, pet, and military stores; third-party and owned e-commerce channels; and distributors, as well as a direct sales force The Clorox Company was founded in 1913 and is headquartered in Oakland, California. | | View Today's Stock Pick |
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