Good MorningEquity markets remained at record highs for a third day on Wednesday as participants weighed the impact of rising Middle East tensions against the inflation outlook and economic data. The latest data is the job numbers from ADP, which came in hotter than expected and up nearly 40% from the previous month. The news suggests labor markets remain resilient and will continue to underpin inflation for the foreseeable future.
As much risk is in the air, the uptrend in equity prices remains intact. The uptrend is driven by earnings growth, which is expected to continue in Q3 and accelerate in Q4. In this light, the market may correct at any time but will likely regain its footing quickly unless there is a significant shift in fundamentals. The critical support level for Thursday and Friday this week is near 5,675. Assuming support remains strong at that level, the market will likely hit another new high sometime in October. The risk is that earnings season begins next week and will be disappointing and undercut the S&P 500 earnings growth outlook. Featured: Elon’s life hangs in the balance (Porter & Company) 
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Most of the important news in the financial markets goes over investors’ heads, only to wake up to new market price action and realize they should have not only paid attention but also acted upon the news that was released in the recent past. Today’s most important news—and impli... Read the Full Story |
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At many points in September, investors heard about the S&P 500 hitting a record high. But at several points in that month, the index pulled back instead of moving higher. This is called a resistance level, a technical point where buying activity weakens, leaving room for sellers to come in.&nb... Read the Full Story |
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Stocks | | | U.S. stocks edged higher in a quiet Wednesday, and Treasury yields rose following an encouraging update on the job market’s strength. The S&P 500 finished virtually unchanged, a day after sliding from its record on worries about a possible widening of the fighting in the Middle East. The Dow J... Read the Full Story |
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Markets | | | Crude prices jumped Thursday on worries that worsening tensions in the Middle East could disrupt the global flow of oil, while U.S. stocks pulled back further from their records.The S&P 500 fell 0.2% amid a shaky week that’s knocked the index off its all-time high set on Monday. The Dow Jones In... Read the Full Story |
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Since hitting a record back in July and then selling off, shares of tech titan Microsoft Corp. (NASDAQ: MSFT) have been a bit slower than others in getting back to highs. For context, the benchmark S&P 500 index was hitting fresh highs by the middle of September and, as recently as Monday, was... Read the Full Story |
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Nike (NYSE: NKE) shares fell after the Q1 report, which opened an opportunity for investors. The fall is due to numerous factors, including weaker-than-expected results, revoked guidance, and a CEO transition that is ultimately expected to turn the company around. The takeaway is that Nike faces h... Read the Full Story |
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Markets | | | Much like those annoying political TV ads, the warnings come back every four years: All the uncertainty around the U.S. presidential election could have big consequences for your 401(k)!Such warnings can raise anxiety, but remember: If your 401(k) is like many retirement savers’, with most invested ... Read the Full Story |
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Dine Brands Global, Inc. (NYSE: DIN) is the driving force behind beloved restaurant sector brands like Applebee's, IHOP, and Fuzzy's Taco Shop. Through a strategic franchise model, Dine Brands has successfully established a widespread presence across the globe, capturing the hearts (and stom... Read the Full Story |
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Markets | | | Shares of Humana tumbled Wednesday after the health insurer said a Medicare Advantage quality rating drop will hurt future bonus payments the company receives.The insurer said the share of its customers currently enrolled in plans rated four stars or higher for 2025 is down to 25% from 94% this year... Read the Full Story |
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Markets | | | Warren Buffett's Berkshire Hathaway is buying the rest of its utility unit from the estate of a longtime board member who died three years ago, but it's not clear exactly how much it will pay for the 8% stake Read the Full Story |
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Thursday's Early Bird Stock Of The Day D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey. | | View Today's Stock Pick |
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