Critical information for the U.S. trading day
Count Wharton Professor Jeremy Siegel among the stock bulls headed into the fourth quarter, versus unwavering bears like Morgan Stanley’s Mike Wilson, who sees a 10% drop ahead.
Our call of the day from Evercore ISI’s head of technical strategy, Rich Ross, is in the bull camp as he declares the “high for equities is not in,” and suggests some stocks that will set investors up nicely for that. What else? He says “panic bottoms” seen in bond proxies, such as utilities via the Utilities Select Sector SPD exchange-traded fund ETF XLU, real-estate investment trusts and staples, are “consistent with a bottom in bond prices,” which is closer than it appears if those proxies have indeed bottomed.
The technical strategist also says it’s time to buy transports DJT, with airlines “at bear market lows and deeply oversold,” while railroads are also bottoming and truckers continue to rise. The buzz Morgan Stanley MS, +2.03%, State Street STT, +2.53%, U.S. Bancorp USB, +6.96%, Citizens Financial CFG, +2.23% and Procter & Gamble PG, +0.13% will report ahead of the open. Tesla TSLA, +0.37% and Netflix NFLX, -1.41% will report after the close.United Airlines shares UAL, +1.49% are down 5% after the airline lowered guidance due to the Israel/Gaza war.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Upskilling: Some things you can do to ‘future-proof’ your careerFailing to keep up with changing technologies can leave you jobless; thankfully, there are things you can do to future proof your career.
Consulte Mais informação »
“Indisputable Proof”: Lord Of The Rings Fan Finds Hidden Detail That Debunks The Strangest Movie TheoryA Lord of the Rings fan finds a hidden detail, "indisputable proof," that debunks one of the strangest theories about Peter Jackson's movies.
Consulte Mais informação »
Live blog: West has 'no proof' North Korea sending weapons, says RussiaRussia-Ukraine conflict rages on its 601st day.
Consulte Mais informação »
Letter: Utah needs a statewide law that requires proof of water availability before new building constructionI continue to read articles in The Tribune about new housing construction but the question of where the water to service these new residences will come from is never addressed satisfactorily. To me, this suggests a serious flaw in the governmental permitting process.
Consulte Mais informação »
New USB-C Apple Pencil is more proof the 10th-gen iPad is a confusing mistakeApple continues to confuse its product lineup, a move completely required due to the bad design of the 10th-generation iPad.
Consulte Mais informação »
Showtime's demise as a boxing outlet further proof the sport needs to evolveShowtime announced Tuesday its boxing program will shutter at the end of 2023. It has only a pay-per-view event scheduled featuring super middleweights Demetrious Andrade and David Benavidez on Nov. 25, and is considering a Dec. 9 show in Las Vegas.
Consulte Mais informação »