Good MorningEquity markets were mixed on Wednesday as sector rotation grips the market. The S&P 500 and NASDAQ Composite fell more than 1% at the day's low, the NASDAQ by more than 2%, as the flight-to-safety and blue chip appeal offset tech-led selling. The S&P 500 now shows significant resistance to higher prices near 5,650 and risks becoming range-bound at these levels or worse. The selling could accelerate if the FOMC fails to impress the market with its next policy statement.
A move lower is good news for investors despite the damage to portfolio values today. The S&P 500 is top-heavy, concentrated in Big Tech, and needs a healthy correction. The underlying economic fundamentals remain strong and are bolstered by the interest rate outlook, so the uptrend will continue; the sell-off, however deep it gets, will lead to a buying opportunity. Investors should keep some capital in reserve to take advantage of it. Featured: Obama wins Presidential debate (Porter & Company) 
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Markets | | | Most investors will find the stock market to be a frustrating reflection of the economic realities of the United States, and that’s okay. The market will not always be in sync with the economy, but that’s where savvy investors will make most of their year’s gains, in closing the ... Read the Full Story >> |
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Markets | | | While the overall market has enjoyed an impressive 17% year-to-date gain, recent rotations and sector-specific outflows have created a ripe environment for potential pullbacks. The semiconductor sector, for example, has seen a notable decline, with the SMH ETF down nearly 10% from its 52-week high... Read the Full Story >> |
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Stocks | | | The semiconductor industry is the cornerstone of the global economy, underpinning the technology sector with products ranging from smartphones and computers to automobiles and advanced artificial intelligence applications. This sector witnessed a significant surge in stock prices in recent years, ... Read the Full Story >> |
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Markets | | | NVIDIA (NASDAQ: NVDA) is the world's leading designer of graphics processing units (GPUs) and a major player in the artificial intelligence (AI) boom. Investors have been left perplexed by the recent performance of NVIDIA's stock. Despite announcing record-breaking financial results and maintain... Read the Full Story >> |
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Markets | | | Global shares are mostly lower, with Tokyo's benchmark dipping more than 2%, after Wall Street's record-breaking rally slammed into a wall of worries over potentially worsening trade tensions with China Read the Full Story >> |
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Markets | | | China's ruling Communist Party wrapped up a top-level meeting on Thursday by endorsing policies aimed at advancing the country's technological power and fortifying its national security. A statement released when the four-day meeting ended provided only a broad-brush summary. More details are likely... Read the Full Story >> |
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Markets | | | Understanding the dynamics of a pullback is crucial for investors seeking to capitalize on short-term market fluctuations. A pullback is a temporary price decline in a stock or index that contradicts the prevailing trend. Often viewed as buying opportunities, pullbacks allow investors to enter a p... Read the Full Story >> |
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Markets | | | Home buyers and businesses waiting for lower interest rates in Europe are going to have to wait a little longer as the European Central Bank takes its time to make sure stubborn inflation is firmly under control before lowering its benchmark rate again.The ECB's stance for now resembles that that of... Read the Full Story >> |
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Markets | | | Capital One said Wednesday it plans to offer $265 billion in lending, investing and philanthropy projects as part of its pending $35 billion merger with Discover Financial. The plan is designed to appease federal bank regulators, who have been initially skeptical of approving the merger, which would... Read the Full Story >> |
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Markets | | | United Airlines on Wednesday reported that its second-quarter profit rose 23% to $1.32 billion, as record crowds at U.S. airports helped the carrier overcome sharply rising costs for fuel and labor.However, United warned that third-quarter results will fall short of Wall Street expectations because ... Read the Full Story >> |
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Thursday's Early Bird Stock Of The Day Staffing 360 Solutions, Inc., a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines. The company was formerly known as Golden Fork Corporation and changed its name to Staffing 360 Solutions, Inc. in M... | | View Today's Stock Pick |
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