Good MorningThe selling on Wall Street gained momentum on Tuesday, with the S&P 500 falling more than 1.5% at the session's low. The move was driven by a mounting fear that inflation is not tamed and that the FOMC will hike rates again this year. The fear of rising rates and the potential for recession is seen clearly in the yield for the 10-year treasury, which rose to a new high on Tuesday.
The JOLTs report was another catalyst for Tuesday's selloff. The JOLTs report revealed a higher-than-expected number of job openings, pointing to economic resilience. The problem is that job growth and wage creation lead to consumer health, demand, and inflation, which is a problem now. Data due out today includes the ADP report and the Challenger, Gray & Christmas report on layoffs, which should reinforce the idea of labor market health and keep the FOMC's foot on the economic brakes. Featured: [BREAKING] New "Living Missile" to Replace Nuclear Missiles (Behind the Markets) 
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Amazon Goes Big on AI to Bolster Cloud Dominance
Amazon.com (NASDAQ: AMZN)
U.S. Mega Cap / Consumer Discretionary / Broadline Retail
The Anthropic Topic
The upcoming Prime Day may be top of mind for Amazon.com consumers — but for Amazon investors,... Read the Full Story |
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From Our PartnersMost investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. | | | | Learn more here. |
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Stocks | | |
A look at the short sale lists is always interesting because there are usually as many names worthy of buying as selling. Marketbeat.com's list of high-short-interest stocks is no different than usual in early October; many names are trending lower for a reason, but also a few potential candidates... Read the Full Story |
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When you're looking to buy a stock to gain exposure to a particular industry, you're frequently choosing between companies with similar business models.
FedEx Corp. (NYSE: FDX) and United Parcel Service Inc. (NYSE: UPS) are similar businesses, but the stocks have behaved quite differently t... Read the Full Story |
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From Our PartnersThe internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. | | | | Here's the #1 stock to buy. |
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The consumer staples sector is getting beaten up in the 2nd half of 2023, and for no other reason than the sector is boring. It's growing but not quickly; it's not outperforming, but it has been widening margins and driving cash flow, which is of interest. Widening margins and improving cash flow ... Read the Full Story |
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Markets | | | Investors soon won't be able to follow Warren Buffett's every move in HP's stock if the billionaire's company keeps selling off shares of the printer and computer maker.Berkshire Hathaway’s ownership of HP Inc. is about to drop below 10% after it sold nearly 5 million shares, according to a regulato... Read the Full Story |
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Markets | | |
Shares of Ralph Lauren Corp (NYSE: RL) have been trading in a relatively narrow range for much of the past eight years. That's not to say there haven't been many ups and downs in the meantime, because there have, but the reality is they're currently trading for the same price they were back i... Read the Full Story |
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Markets | | | South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday.The latest South Asia Development Update from the World Bank projected growth in the region to slow slightly to 5.6% ... Read the Full Story |
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Markets | | | Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. Evergrande is the world’s most heavily indebted ... Read the Full Story |
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Markets | | | The European Union announced plans on Tuesday to better protect its cutting-edge technologies from foreign snooping that might threaten its economy and security in the wake of repeated warnings that the bloc needs to “de-risk” its relations with China. “Technology is currently at the heart of geopol... Read the Full Story |
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Markets | | | Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington.On a visit Monday to York, Pennsylvania, Chair Jerome Powell got an earful from a group with a decidedly different perspective: Small-business peop... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. OGE Energy Corp. was founded in 1902 and is headquartered in Oklahoma City, Oklahoma. | | View Today's Stock Pick |
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