🐤 2 fallen cybersecurity stocks for patient bargain hunters

October 30, 2023
by RJ Hamster

GOOD MORNING

Equity markets continued to sell off last week despite some better-than-expected earnings reports. The move was driven by hot economic data that points to persistent GDP growth, consumer demand, and inflation. With the FOMC meeting slated for the week, the risk is that hawkish Fed rhetoric will intensify and may telegraph the next policy move as an increase in rates. In this scenario, the S&P 500 could shed another 10% or more before hitting its bottom.

The S&P 500 shed more than 2.5% for the week, bringing the index below the critical 4,150 level. If the market doesn’t snap back this week, the odds are high that the selling will continue. The question now is what could turn this market around, and it looks like it will take a great deal. The market may not be able to regain its footing until later in 2024 once the economic headwinds subside and inflation is finally tamed, or not.

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2 fallen cybersecurity stocks for patient bargain hunters

Cybersecurity stocks have been strong performers this earnings season. Many leaders are higher priced stocks in the $100 to over $300 range. Companies like Palo Alto Networks Inc. (NASDAQ: PANW) at $238, ServiceNow Inc. (NYSE: NOW) at $554, CrowdStrike Holdings Inc. (NASDAQ: CRWD) at $172, and Zsc…

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Is domestic travel back on track? Check out these companies

The United States economy has achieved something most bears never expected: gross domestic product (GDP) expanded by 4.9% during the past quarter, whereas economists only expected a 4.7% jump. Even in real growth terms, considering inflation, things have improved past any point of concer…

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Should you buy Mattel and sell Hasbro stock? Here’s why

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2 tech stocks insisting the hospitality industry is still strong

The post-pandemic pent-up demand generated travel boom may be starting to normalize based on recent data from the airlines. Airlines have cut forecasts but insist demand is still there. When it comes to the travel and leisure sector, dining and hospitality also see elevated activity levels. So, it…

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The clean energy segment is getting smoked this year as solar companies are warning of the collapse in installation demand. Companies like SolarEdge Technologies Inc. (NASDAQ: SEDG) and microinverter manufacturer Enphase Energy Inc. (NASDAQ: ENPH) recently slashed guidance, resulting in an additio…

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Bitcoin Is Halving Soon — Will It Cause the New Bull Run?

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China holds major financial conference as leaders maneuver to get slowing economy back on track

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Stock market today: World shares mixed after S&P 500 slips ahead of Fed interest rate decision

European shares opened higher on Monday after a mixed trading session in Asia ahead of a Federal Reserve decision this week on interest rates.Germany’s DAX rose 0.5% to 14,757.59 and the CAC 40 in Paris advanced 0.4% to 6,823.22. Britain’s FTSE 100 surged 0.7% to 7,343.62. The future for the S&P…

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Another first for JPMorgan CEO Jamie Dimon, selling shares of the bank he’s run for nearly 2 decades

Jamie Dimon will do something he has never done before in nearly two decades as the head of JPMorgan Chase & Co. – sell shares in the company. The top executive of the nation’s largest bank will sell 1 million shares starting next year, according to a regulatory filing this week. JPMorgan sought…

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McDonald’s promotions lure diners despite higher menu prices and revenue jumps 14%

McDonald’s reported better-than-expected sales in the third quarter as popular promotions brought in customers despite higher U.S. prices.Global same-store sales — or sales at locations open at least a year — rose 8.8% in the July-September period, the burger giant said Monday. That was ahead of Wal…

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THE EARLY BIRD STOCK OF THE DAY

Monday: Stock Being Downgraded

Texas Instruments Incorporated

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and …

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RJ Hamster

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🐤 2 fallen cybersecurity stocks for patient bargain hunters

GOOD MORNING

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THE EARLY BIRD STOCK OF THE DAY

Monday: Stock Being Downgraded

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