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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Stocks | | | 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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From Our PartnersLove him or hate him, it's hard to deny Elon Musk is a genius.
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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 | | | From sourcing hidden gems to promoting diversity, AI-driven tools streamline investments, save time and money, and revolutionize the industry. But does it work in reality, beyond just theoretical concepts? 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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Markets | | | Two things are certain when you embark on an entrepreneurial venture. The first? You'll get plenty of advice. The second? You'll get loads of well-intentioned warnings.Sometimes, the two will overlap, as in the case of a cautionary comment disguised as, "I'm just being real with you." Your job is to... Read the Full Story >> |
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Markets | | | Given the current downturn of the VC landscape and the global economy in general, founders should realize that the competition for venture capital is getting harder in 2023. So, there is a need to discuss how to stand out from the crowd and have more chances to raise capital. The following data show... Read the Full Story >> |
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The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat Aptevo Therapeutics Inc., a clinical-stage biotechnology company, focuses on developing immunotherapeutic candidates for the treatment of various forms of cancer in the United States. The company's lead clinical candidates are APVO436, a bispecific T-cell engaging antibody candidate that is in Phase 1b clinical trial for acute myelogenous leukemia and myelodysplastic syndromes; and. ALG.APV-527, an investigational bispecific ADAPTIR candidate that features a mechanism of action to target 4-... | | View Today's Stock Pick |
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