Find Opportunities on Safer Shores with Weiss Ratings
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| By Mahdis Marzooghian |
With the release of the first batch of major earnings reports and rising inflation expectations, it’s safe to say that stocks were a mixed bag on Friday.
Additionally, major indices came off their session highs after the release of consumer sentiment data early Friday. According to a survey conducted by the University of Michigan, consumer sentiment data slumped in October, while inflation expectations spiked.
In contrast, the major financial firms released a slew of mostly positive earnings reports on Friday, which kicked off the Q3 earnings season.
In fact, both JPMorgan Chase (JPM) and Wells Fargo (WFC) beat expectations by posting higher-than-expected profit and revenue numbers for Q3. Shares of JPM added 2.9%, and WFC rose 3.7%. Citigroup (C) also jumped 2.4% after posting a beat on revenue.
Investors are also keeping a close eye on Treasury yields. The 10-year Treasury yield was down by nearly 8 basis points at 4.633%. The 2-year Treasury yield was almost 2 basis points lower at 5.047%.
Unless the yield on the 10-year Treasury retreats to near 4.35%, Adam Turnquist, chief technical strategist at LPL Financial, said he sees a “challenging and maybe choppy market as we look ahead for October.”
Despite all this, smart investors know that they can turn to the reliable data and research of Weiss Ratings experts to help them navigate the choppy market waters and not only help keep their portfolios protected from the rising tide, but also find gains and opportunities on safer shores. Take a look …
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An Interview with an Up-and-Coming Uranium Developer
Our Natural Resources Analyst Sean Brodrick recently interviewed the executive chair of a growing uranium developer, who gave him the inside scoop on what they’re doing now and their exciting plans for the future. You don’t want to miss this!
The 3 Investments You Need to Beat the Hackers
There is an enormous opportunity developing in the cybersecurity space. Indeed, as more sensitive data migrates online, the need for cybersecurity continues to grow. This, in turn, spells growth and profit for the cybersecurity companies offering cutting-edge protection and technology. Technology Analyst Jon Markman shows investors how to play it to grow their own portfolios and profits.
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After eight years of rigorous testing, we’ve successfully incorporated AI technology into our already impressive portfolio model. Weiss Ratings Director of Research and Ratings Gavin Magor himself breaks down what AI can do for your profits.
Until next time,
Mahdis Marzooghian
Managing Editor
Weiss Ratings Daily
