Good MorningEquity markets stumbled on Tuesday on mixed results from Lowe's and other retailers. The quarterly results were mixed with top-line weakness but margin strength to drive outperformance on the bottom line. Still, it was the guidance that sapped investors' confidence. The guidance points to a weaker-than-expected holiday quarter, but there is a caveat. The caveat is that weaker-than-expected guidance has been the theme in retail all year and offset by better-than-expected reality. If this trend continues, the holiday quarter shouldn't be too bad.
Other news impacting market sentiment includes the FOMC minutes. The minutes from the last meeting gave no indication that a rate cut was near, which isn't what the market wants to hear. The market is ready for the first cuts to start soon so that the housing market can get unstuck, but it could be disappointed. Although the pace of inflation is slowing it is still high, and the FOMC needs to be sure that inflation is tamed, so higher-for-longer is still the name of the game. Featured: The Ultimate Passive Income Play (The Oxford Club) 
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The financial sector, particularly bank stocks, has been on a tear lightly, clawing back losses from the year and edging into positive territory. So far during the quarter, the financial sector has proven to be an outperforming sector.
Bank stocks surged last week follow... Read the Full Story |
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Stocks | | |
Few sectors have impressed as significantly as the homebuilder sector in recent weeks. The SPDR S&P Homebuilders ETF (NYSE: XHB) has risen over 16% over the last month. That performance is enough to outpace the overall market, which has risen 7%, and the technology sec... Read the Full Story |
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Markets | | |
Value is where you find it. Today, you can find it with Tower Semiconductor Ltd. (NASDAQ: TSEM), Johnson Controls International PLC (NYSE: JCI), Barnes Group Inc. (NYSE: B) and Howard Hughes Holdings Inc. (NYSE: HHH).
These companies trade at a significant discount ... Read the Full Story |
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Markets | | |
Don't be surprised if you see many shoppers at The Gap Inc. (NYSE: GPS) this holiday season.
Why?
The retailer is crushing it.
Well, sort of.
On Friday, the company behind Old Navy, Banana Republic, Athleta and Gap stores reported third-quarter earnings pe... Read the Full Story |
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Tech | | |
After two years of correction and downtrend, providing ample incentive to buyers all along the way, medical device maker Medtronic (NYSE: MDT) has finally reached its bottom, and the reversal is on. The Q2 results confirm normalization in the wake of the COVID bubble and a solid trajectory for gro... Read the Full Story |
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From Our PartnersThis stock has already doubled this year - but it could hurt your portfolio if you hold it much longer. Learn why here. | | | | Learn why here |
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Markets | | | World shares were mixed on Thursday after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain. Markets in Japan and the U.S. are closed for holidays. Oil prices initially fell about $1 a barrel after OPEC postponed until next week a meeting to discuss prod... Read the Full Story |
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Markets | | | Shares were mostly lower in Asia on Thursday after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain. Markets in Japan and the U.S. are closed Thursday for holidays. Oil prices fell about $1 a barrel after OPEC postponed until next week a meeting to disc... Read the Full Story |
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Markets | | | As soon as Leandro Francisco Diana woke up Tuesday, he reached for his phone like many Argentines on the first business day after the election victory of President-elect Javier Milei.“I opened my eyes, got my phone and looked for the price of the dollar to see how the country had awakened,” said the... Read the Full Story |
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Markets | | | Britain’s Conservative government has sought to regain the political initiative with a series of tax cuts for businesses and individuals that it hopes will boost its chances in a national election next year that opinion polls suggest it will lose Read the Full Story |
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Markets | | | Turkey’s central bank delivered another huge interest rate hike on Thursday as it tries to curb double-digit inflation that has left households struggling to afford food and other basic goods.The bank pushed its policy rate up by 5 percentage points, to 40%, marking its sixth big interest rate hike ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Aurora Mobile Limited, through its subsidiaries, provides a range of developer services in China. The company provides push notification, instant messaging, analytics, sharing and short message service, one-click verification, and other services. The company offers real-time market intelligence solutions, such as product iApp, which provides analysis and statistical results on the usage and trends of mobile apps to investment funds and corporations. It also provides financial risk management solutions to assist financial institutions, licensed lenders, and credit card companies in making informed lending and credit decisions; and location-based intelligence services. In addition, the company offers application programming interfaces that create connectivity and automate the process of message exchange between the mobile apps and its backend network; an interactive web-based service dashboard that allows app developers to utilize and monitor its services through controls on an ongoing basis; and value added services, such as Advertisement SAAS, a data management platform service, which provides tagged and de-identified population data package; JG Alliance, an integrated marketing campaign services to advertising customers; and AD Mediation Platform to help mobile app developers access other mainstream advertising platforms. It primarily serves mobile app developers in a range of industries, such as media, entertainment, gaming, financial services, tourism, ecommerce, education, and healthcare. Aurora Mobile Limited was founded in 2011 and is headquartered in Shenzhen, the People's Republic of China. | | View Today's Stock Pick |
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