Good MorningEquity markets pulled back last week, casting a dark shadow on the near-term outlook. The S&P 500 fell more than 2.25% to create a Bearish Engulfing Pattern that confirms resistance at a lower level than before. This shows bears advancing on the back of increasing risk and the odds of another FOMC interest rate hike. War in the Middle East threatens to spur inflation as the government ramps up aid and military spending.
This is going to be another trying week for equity markets. The PCE Price Index is due on Friday and will likely show persistently high inflation. The risk is that high oil prices will show in the data, and inflation will accelerate. In this scenario, the FOMC will have no choice but to hike rates again, and it could come as soon as the end of the year. A hot read on the PCE could send the S&P below critical support and open the door to another 5% decline. Featured: This is the #1 Stock to Buy for the AI Tidal Wave (Chaikin Analytics) 
|
Stocks | | | Shares were mixed Tuesday in Asia after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after creeping above 5%. Benchmarks fell in Tokyo, Seoul and Hong Kong but rose in Shanghai, Sydney and Taiwan. Rapidly rising yields in the bond market that have been pressuring s... Read the Full Story |
|
From Our PartnersAnd Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday. | | Click here for the FREE REPORT... |
|
Markets | | |
Although the AI mania has subsided somewhat, investors are still rewarding companies that are actually generating AI-related revenue, not coasting by on potential.
One company that's not as well known as AI titans like Nvidia Corp. (NASDAQ: NVDA) is Super Micro Computer Inc. (NASDAQ: SMCI). ... Read the Full Story |
|
Stocks | | | Wall Street racked up more losses Friday to close out its worst week in a month.The S&P 500 fell 1.3% for a fourth straight drop. The Dow Jones Industrial Average sank 286 points, or 0.9%, and the Nasdaq composite tumbled 1.5%.The stock market has been struggling under the weight of the bond mar... Read the Full Story |
|
|
Markets | | |
Online sports betting company DraftKings Inc. (NASDAQ: DKNG) is forming a bullish base below an early August high of $34.49, as you can see on MarketBeat's DraftKings chart.
The stock has been one of the 2023 heroes, advancing 143.37% year-to-date, although its current base means it's poste... Read the Full Story |
|
Markets | | | Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.Crude prices rose sharply in early 2022 with Russia's invasion of Ukraine and are hovering around $90 per barrel after... Read the Full Story |
|
From Our PartnersThe world’s massive tech leaders may be in a bubble, led by NVIDIA’s enormous rise this year. What happens next could affect all stocks. | | | | Details here. |
|
Stocks | | |
After a stellar first half to the year, especially when compared to last year's bloodbath, the S&P 500 index has been trending down since August. Friday was its third big down day in a row, and by the time markets closed for the weekend, the benchmark index was back at the same levels it was t... Read the Full Story |
|
Markets | | |
Crocs, Inc. (NASDAQ: CROX) is the Colorado headquartered foam clog maker. We all know them to see and probably have a pair lying around the house, and if you’re a long-term investor in their shares, then you know you’ve been on a rollercoaster. A 75% sell-off after 2021’s ma... Read the Full Story |
|
Markets | | | Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don't expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say.The Israel-Hamas war is “definitely n... Read the Full Story |
|
Markets | | | CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.The Jacksonville, Florida-based railroad said it earned $846 million, or 42 cents per share, in the quarter. That's ... Read the Full Story |
|
Markets | | |
Fastenal (NASDAQ: FAST) and Simpson Manufacturing (NYSE: SSD) are in similar businesses with a similar outlook for growth, but 1 is the better buy for investors today. While Fastenal is growing quicker and pays a higher yield, the trajectory for growth, dividends, and distribution growth at Simpso... Read the Full Story |
|
Monday's Early Bird Stock Of The Day SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage. The Solar segment offers power optimizers, inverters, batteries, storage solutions, electric vehicle chargers, smart tracking solutions, and smart energy management software products; Monitoring platform, a cloud-based monitoring platform, which collects power, voltage, current, and system data sent from inverters and power optimizers; and MySolarEdge app, that enables system owners to track their real-time system production and household energy consumption. This segment also provides Designer platform, an web-based tool that helps solar professionals to plan, build, and validate residential and commercial systems; Mapper application for registering the physical layout of new PV sites installed with DC optimized inverter systems; SetApp application that activates and configurate inverters; and grid services. The Energy Storage segment provides lithium-ion cells and containerized battery systems (BESS) solutions for commercial, industrial, and utility markets; modules and racks; purpose-built components and solutions, and hardware and software tools; and pre and post sales engineering support for designing, building, and managing battery and system solutions. The company offers e-mobility products, automated machines, and UPS products; and pre-sales support, ongoing trainings, and technical support and after installation services. It sells its products through solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was incorporated in 2006 and is headquartered in Herzliya, Israel. | | View Today's Stock Pick |
|
