Good MorningEquity markets began the week on an upswing, with the S&P 500 rising more than 1.5% at the session's high. The move was driven by some better-than-expected earnings reports and the hopes the FOMC will be lenient on Wednesday. The FOMC is expected to release its next policy move on Wednesday, and for that to be no change to base rates. However, the market should be ready for a hawkish statement. Inflation has cooled from its highs but remains hotter than target and will keep the Fed hawkish for the next year.
This week will bring a host of earnings reports with more than 150 S&P 500 companies slated to report. By the end of the week, more than 75% of the index will have reported bringing the season to its penultimate segment: retail. Until then, the season is unfolding largely as expected, with earnings growth in the low single digits and the consensus estimate for Q4 falling sharply. Featured: 83% Win-Rate When The S&P 500 is DOWN? (SEE HOW) (The Oxford Club) 
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Many consider Goldman Sachs (NYSE: GS) as one of the 'masters of the universe' when it comes to investment strategy and decisions. Fortunately for the rest of the world, these geniuses are - sometimes - generous enough to accumulate some goodwill with the public.
The bank's 'conviction list,' oth... Read the Full Story |
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The answer to whether Exxon Mobil (NYSE: XOM) or Chevron (NYSE: CVX) is a better buy is relative. Exxon was clearly the better buy for investors before the Q3 results were released, but now that those results are in, the tables have turned. While the 2 reported roughly in alignment with each other... Read the Full Story |
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Despite a gain of 1.13% in the Invesco QQQ (NASDAQ: QQQ), which tracks the Nasdaq 100 index, Tesla Inc. (NASDAQ: TSLA) skidded 4.79% after disappointing guidance from chip supplier ON Semiconductor Corp. (NASDAQ: ON).
ON Semi reported third-quarter results, topping both earnings and revenue... Read the Full Story |
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What if you heard about a stock that provided you with nearly zero downside risk while potentially promising you an 80% upside? What is it? Here's a hint: it is one of the most beaten-down names within a list of airline stocks, one that is set to ride the domestic travel wave higher than others.
... Read the Full Story |
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The world's largest dedicated semiconductor foundry, Taiwan Semiconductor Manufacturing Co. Limited (NYSE: TSM), is critical to the global chip supply chain. The company produces 80% of the world's semiconductors and is the barometer of the chip industry. Some of its largest customers include Adva... Read the Full Story |
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From Our PartnersMan who predicted 2023 bank run warns a historic financial reset is coming. Get out of cash and into a new vehicle 50 years in the making. | | | | Click here to learn more. |
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Markets | | | The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors Read the Full Story |
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Markets | | | Anheuser-Busch InBev said Tuesday that revenue growth in most of its global regions was offset by a drop in North American sales in the third quarter, in a sign of continuing fallout from a promotion with a transgender influencer.The world's largest brewer and parent company of Bud Light said its re... Read the Full Story |
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Markets | | | Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits —less than its North American competitors.The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 bil... Read the Full Story |
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Markets | | | The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold Read the Full Story |
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Markets | | | An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services. The company also provides clearing house services, including clearing, settling, and guaranteeing futures and options contracts, and cleared swaps products traded through its exchanges; and trade processing and risk mitigation services. In addition, the company offers a range of market data services, including real-time and historical data services. It serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. The company was founded in 1898 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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