Good MorningEquity markets rebounded Wednesday after the ADP report came in weaker than expected. The takeaway is that bad news is now good news and puts the market in a precarious position. Bad news suggests a weakening labor market that will undermine consumer spending, economic activity, S&P 500 earnings, and inflation. In this scenario, the cure for the illness may be worse than the disease.
The next big hurdle for the market is on Friday. The NFP report is due out and may confirm the ADP weakness. The caveat is that the 2 labor market data do not track in alignment on a month-to-month basis, and the NFP could paint a far different picture. Regardless, the key point in the NFP report will be the wage inflation data. If wages continue to run hot, it may not matter how many jobs are created. Featured: 3 Stocks That Could Double or Triple in the Months Ahead (IPM) 
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The oil and gas machinery and equipment industry has been rising up the ranks this year in terms of aggregate price.
While two very small stocks, Geospace Technologies Corp. (NASDAQ: GEOS) and Profire Energy Inc. (NASDAQ: PFIE) are the industry’s price leaders, stocks drawing more ins... Read the Full Story |
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From Our PartnersLove him or hate him, it’s hard to deny Elon Musk is a genius.
After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)...
He’s getting ready to do it again with his new AI venture. | | | | To get all the details, click here. |
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Cybersecurity firm Zscaler Inc. (NASDAQ: ZS) has been forming a bullish consolidation along its 10-week moving average, posting these recent price advances.
One month: 1.58%
Three months: 9.97%
Year-to-date: 43.78%
The stock is a leader in the cybersecurity subindustry within the tec... Read the Full Story |
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What started out to be a promising third quarter for U.S. stocks turned into a dud. On the backs of artificial intelligence (AI) excitement, the S&P 500 stormed out of the gates in July only to trend lower in August and September. The large-cap index finished down 3.7% in Q3 but remained up 11... Read the Full Story |
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From Our Partners“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project…
What happens next will shock you…” | | | | Click here to see what happened. |
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When it comes to keeping investors on their toes and giving them sleepless nights, few stocks can match Foot Locker Inc (NYSE: FL). The footwear and athletic apparel store has had its fair share of eye-watering rallies and drops over the years, and there are no signs of this abating, with the... Read the Full Story |
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The last time Abercrombie & Fitch Co. (NYSE:ANF) traded this high, Usain Bolt was the male World Athlete of the Year.
Shares of the lifestyle clothes retailer have sprinted to their highest level since November 2011. Not to be mistaken for main competitor Gap, they have ‘gapped up... Read the Full Story |
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From Our PartnersWe have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion. The company holds over 29,000 patents in the U.S. It pays an enormous dividend. | | | | You've got to see it |
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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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Stocks | | | Treasury yields surged in September and sapped the energy from a strong stock market as investors came to terms with the likelihood that interest rates will remain high well into 2024.The yield on the 10-year Treasury, which influences rates for mortgages and other loans, jumped past 4.50% in Septem... Read the Full Story |
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Markets | | | Shares in Scandinavian Airlines have dropped more than 90% after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased Read the Full Story |
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Stocks | | | Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession. Since mid-summer, the yield on the 10-year Treasury note, a benchmark for many loans, has steadily climbed, causing a ... Read the Full Story |
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Markets | | | Officials from the International Monetary Fund say they expect the United States will continue playing its key role in amassing multinational support that has helped keep Ukraine's economy afloat during Russia’s invasion. That's despite Congress recently passing a short-term funding package that ave... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Edgio, Inc. provides edge-enabled software solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates private global networks with distributed computing resources and extensive connectivity to last-mile broadband network providers; offers live and on-demand video delivery services; and provides platform, media, and application solutions. It also offers cloud security, edge compute, origin storage, and support services. In addition, the company provides content delivery, video content management, and streaming services, performance services for website and web application and security; professional services, cloud storage, and edge computing services. The company was formerly known as Limelight Networks, Inc. and changed its name to Edgio, Inc. in June 2022. Edgio, Inc. was founded in 2001 and is headquartered in Phoenix, Arizona. | | View Today's Stock Pick |
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