Stocks For Breakfast 10-11-23

The Market

So far the markets are playing out pretty much exactly as we planned with solid opportunity Monday and Tuesday. Fortunately for us it was on the bullish side which makes things a ton easier to trade and more people can get involved because it’s just easier to buy stocks than it is to short them.

We had that game plan basically because there weren’t really any big news events on the calendar, so we felt we had some pretty clean trading that we could get in there with conviction.

Heading into Wednesday through Friday things change. Today at 2:00 p.m. we have the FOMC minutes from the last meeting which for day traders can typically create chaos or volatility depending on your perspective and how the market looks at that moment.

But Thursday and Friday are really the big scheduled events, stuff you must know especially if you’re carrying overnights. Economic data coming out on Thursday morning at 8:30 is the talk of the town and whether or not this mini reversal to the upside is the start of a rally into the end of the year.

It seems like the market is anticipating good news and if we get a surprise to the upside the move potentially could be swift.

Especially after last week’s bearish economic data that’s saw the market get crushed pre-market only to rally for the 3 days following.

The only snag in the rally is the lighter volume obviously we prefer to see increased volume with energy candles but so far we’re not. So a slight distinction to make but should not stop you from being long if you have a position you like.

Then on Friday earning Seasons begins mostly with financials and the banks and has the potential to create even more volatility after Thursday’s events.

JP Morgan and other banks are pretty much neutral right now heading into the report so we’re not seeing any discounting and price action in the announcement so we could end up getting an easy trade after the fact .

Make sure to be on top of your risk management before then because if that kind of opportunity unfolds you want to be using it to be net profitable not taking yourself out of a hole. Think long term.

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Stocks For Breakfast

Good morning, financial aficionados, and welcome to another edition of your favorite morning digest, “Stocks For Breakfast.” As the sun rises, let’s dive into the bustling world of finance, where the market never sleeps, and neither does the news.

Our main course today is the market’s bet on the Federal Reserve’s pause, a decision that has seen yields rise.

However, with new inflation data on the horizon, this could all change in a heartbeat. As we sip our morning coffee, we’ll dissect the implications of this potential shift and what it could mean for your portfolio.

Next, we’ll whisk you away to Wall Street, where the Dow and S&P are making headlines. Are we seeing a bullish trend or is there a bear lurking around the corner? We’ll unravel the complexities of these market movements, serving up the latest updates hot off the press.

For those looking for a little more spice in their investment diet, we’ve handpicked four stocks that are set to comfortably beat analyst expectations this earnings season.

Will they be the secret ingredients to boost your investment returns? We’ll explore these potential market movers in detail.

In our special segment, we turn our gaze to the banking sector with an in-depth look at Goldman Sachs’ Q3 earnings.

As one of the leading investment banks, their performance often sets the tone for the rest of the sector. We’ll break down their numbers and give you our expert analysis .

Our side dish today is a surprising spike in adjustable-rate mortgage demand. We’ll dig into why homeowners are suddenly flocking to this type of loan and what it means for the housing market.

Finally, we have a sweet treat for the IPO enthusiasts. Birkenstock, the iconic footwear brand, and Instacart, the on-demand grocery platform, are stepping into the public market. We’ll explore these exciting initial public offerings and what they could mean for your investment strategy.

So, grab your coffee, sit back, and tuck into this edition of “Stocks For Breakfast.” Let’s make your morning finance routine a feast of insights and analysis!