Good MorningEquity markets began the week on an upswing, with the S&P 500 rising more than 1.5% at the session's high. The move was driven by some better-than-expected earnings reports and the hopes the FOMC will be lenient on Wednesday. The FOMC is expected to release its next policy move on Wednesday, and for that to be no change to base rates. However, the market should be ready for a hawkish statement. Inflation has cooled from its highs but remains hotter than target and will keep the Fed hawkish for the next year.
This week will bring a host of earnings reports with more than 150 S&P 500 companies slated to report. By the end of the week, more than 75% of the index will have reported bringing the season to its penultimate segment: retail. Until then, the season is unfolding largely as expected, with earnings growth in the low single digits and the consensus estimate for Q4 falling sharply. Featured: 83% Win-Rate When The S&P 500 is DOWN? (SEE HOW) (Oxford Club) 
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Markets | | | Uber Technologies Inc. (NYSE: UBER) customers may notice something missing the next time they hop into their ride — a driver. On Thursday, the ride-hailing leader teamed up with Alphabet’s Waymo subsidiary to launch fully autonomous vehicle (AV) transportation in Phoenix. The city wil... Read the Full Story >> |
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Markets | | | The answer to whether Exxon Mobil (NYSE: XOM) or Chevron (NYSE: CVX) is a better buy is relative. Exxon was clearly the better buy for investors before the Q3 results were released, but now that those results are in, the tables have turned. While the 2 reported roughly in alignment with each other... Read the Full Story >> |
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Markets | | | Despite a gain of 1.13% in the Invesco QQQ (NASDAQ: QQQ), which tracks the Nasdaq 100 index, Tesla Inc. (NASDAQ: TSLA) skidded 4.79% after disappointing guidance from chip supplier ON Semiconductor Corp. (NASDAQ: ON). ON Semi reported third-quarter results, topping both earnings and revenue... Read the Full Story >> |
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Markets | | | What if you heard about a stock that provided you with nearly zero downside risk while potentially promising you an 80% upside? What is it? Here's a hint: it is one of the most beaten-down names within a list of airline stocks, one that is set to ride the domestic travel wave higher than others. ... Read the Full Story >> |
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Markets | | | The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors Read the Full Story >> |
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Stocks | | | World shares were mixed on Tuesday and oil prices gained as investors awaited a decision by the U.S. Federal Reserve on interest rates due on Wednesday. European markets advanced while shares were mostly lower in Asia. U.S. futures were mixed. The Japanese yen weakened against the dollar after the B... Read the Full Story >> |
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Markets | | | Intel (NASDAQ: INTC) stock is beaten down, but the bottom is in, and the rebound is on. Headwinds persist and may impact price action in the near term but are offset by proof the turnaround is working, and momentum is building. Takeaways from the Q3 results include top and bottom-line outperforman... Read the Full Story >> |
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Markets | | | Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits —less than its North American competitors.The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 bil... Read the Full Story >> |
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Markets | | | The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold Read the Full Story >> |
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Markets | | | An official survey of manufacturers shows China's factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers' index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics ... Read the Full Story >> |
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The Early Bird Stock Of The DayTuesday: Stock Being Upgraded CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services. The company also provides clearing house services, including clearing, settling, and guaranteeing futures and options contracts, and cleared swaps p... | | View Today's Stock Pick |
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