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Monday, October 2, 2023

Know What to do before Monday Brings Mixed Markets, 100% Boost

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The markets are starting a new week of trading on the sleepy side, at least in Monday’s pre-market activity. A lack of headline-grabbing catalysts has kept indexes somewhat buoyant but adrift. The Dow looks to open up 77 points, the S&P 500 is looking for a 3 point gain, and Nasdaq down 12 points with tech stocks leading the way holding three weeks worth of winning streak while other indices have been up to over the last two weeks as well.

With the Great Reopening now underway, TV hosts are returning to their studio desks. From Jim Cramer on Squawk Street to Stephen Colbert tonight with The Late Show! Retailers across America have been looking forward to this moment as mandatory mask-wearing rules continue easing up and Covid vaccinations increase (slowly). Thankfully our “return-to-normal” is finally happening.

Compared to last week’s important job numbers, this week is quieter on the front of the economic report. Thursday brings us key Consumer Price Index (CPI) data, which will help flesh out the substance of recent inflation reads – whether they are transitory as The Fed suspects or something longer-lasting. After last month’s reported +0.8% on headline CPI, analysts currently expect this to be cut in half to a more modest level (+ 0.4%).

Cryptos are all up ahead of the opening bell, from 0.7% on Dogecoin to 5.5% on Ether! These modern and hotly debated storages of wealth have been cooling off recently after aggressive run-ups in valuation previously and recent ransomware attacks demanding Bitcoin payment have caused investors to rethink their strategies for a moment. Should the U.S government take action against these new forms of hackers that demand cryptocurrency as ransom payments, would this counter-effect crypto?

It’s no secret that hard-drive manufacturers are struggling to compete with the rise of cloud computing. Marvell, one of those companies, is expected to show strong growth in its first-quarter earnings after today’s close. The company has been a Zacks Rank #3 (Hold) for most analysts this year and was last ranked at 2 on January 18th – so it could be time for investors looking into MRVL stock options or other investment opportunities related to their business model.

5 Stocks Set to Double

The Zacks expert hand-picked these stocks as the #1 favorite out of all their picks to gain +100% or more by 2020. Each stock has its own unique qualities, and it’s powered with catalysts that could fuel exceptional growth.

Wall Street doesn’t pay much attention to them so now is your opportunity for a good investment!

for more details and updates visit The Market Activity.

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