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For now, it’s holding stronger than desired for the Fed, which wants to see the unemployment rate closer to 4%. The Covid-19 pandemic also brought global supply shortages and bottlenecks, plus extra cash injected into the economy through stimulus programs, which spiked inflation in mid-2021. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. IBD Videos Get market updates, educational videos, webinars, and stock analysis. When looking for the best artificial intelligence stocks to buy,… Some biotech, drug, and health services firms continue to show strength, including Merck, Vertex, Cardinal Health , Humana and more.
- Meanwhile, consumer confidence in the Eurozone improved, but remained soft.
- The major indexes were higher from Monday’s open, and remained comfortably positive throughout the week even when Treasury yields kept rising.
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Amazon earnings: ‘The good news is the consumer is still spending. The bad news is they’re not spending on e-commerce.’
Dow member American Express Company (AXP $140) reported adjusted Q3 earnings-per-share of $2.47, besting FactSet’s $2.40 estimate, as revenues rose 6.5% year-over-year (y/y) to $13.56 billion, just https://dotbig.com/ above the expected $13.52 billion. Looking forward, AXP said it expects full-year EPS to be above its previous guidance of between $9.25 to $9.65 and continues to see revenue growth of 23% to 25%.
Earnings growth is strong and expected to remain so through 2023. DoubleVerify stock, an April 2021 IPO, has been consolidating for the past several weeks, finding support at the 50-day line. Shares tried to break out on Tuesday and pulled back, but still had a solid week.
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As an investor, the best response is to stay the course and keep investing, despite what the market is doing. “By technical and historical definitions, we are in a recession,” says Linda García, founder of In Luz We Trust, a financial community geared toward Latinx investors. For the last several years, plentiful jobs, high wages, and low interest rates heated up the economy to a point where everyday expenses like food, utilities, and housing are now becoming more expensive. As the end of the year gets closer, experts recommend staying the course and dollar-cost averaging toward your long-term investment goals, regardless of what the market is doing. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Adjustable-rate mortgage applications rise to highest level since March 2008.
So make sure your watchlists are up to date over the weekend. Have a select list of actionable or potentially stock market news today actionable stocks in the coming days. But also keep a broader list of stocks showing relative strength.
Economic & Market Data
For the first time in 15 years, almost 90% of fixed-income indexes were yielding more than 4% at the end of September, according to BlackRock. https://dotbig.com/markets/stocks/ABNB/ Markets typically lose ground during the global tournament, which begins in mid-November. Create a list of the investments you want to track.
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Investors can take some small positions in stocks or broad-market ETFs. If those work, DotBig and the market rally keeps building momentum, you can slowly add to your positions.
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