24/7 Wall St.

It’s the weekend and 24/7 Wall St. wanted to share a copy of what was sent out on Saturday morning to its thousands of email subscribers. After all, we wouldn’t want our readers thinking we were just taking time off to sit in the sun or in the rain.

This weekend’s edition of our daily morning report has been broken into three groups as normal: Specials and Features; Business, Finance, Investing Ideas; and Looking Backward and Forward. It is not exactly 25 things you may have missed this week, because it’s actually more than just 25 issues concerning your money and interests.

Specials and Features

In our special reports in recent days a lot needed to be covered. These fit the target of 24/7 Wall St. with overlaps on finance and the economy, as well as other issues for our readers to ponder. These were seen as follows:

• These counties have the biggest tax bills in each state.
• Here is our big feature on poverty in America, a look all around the country.
• The levels of bullying are far worse in some states than in others.
• These are America’s fastest growing and shrinking housing markets.
• Here are the 31 highest paying companies in America and the 29 worst paying companies.

Business, Finance, Investing Ideas Corner

It was a very busy week in finance and in the economy. The stock market took a breather, but honestly, with it being the end of the quarter, the “news flow” actually created very little net movement. The Dow Jones industrials ended the week down just 1% and the S&P 500 fell even less, while the Nasdaq 100 was up about 1%. These are some of the key issues you may have missed this last week regarding investing ideas and research.

Friday’s top analyst upgrades and downgrades included Accenture, Blucora, Carnival, CNOOC, Hormel, Intuit, Lowe’s, Tesla, WPX Energy and many more. (Full ticker list: ACN, BCOR, BEP, CCL, CAI, CMRE, HRL, INTU, LOW, MYOK, NCLH, PSXP, SSW, TTGT, TDOC, TEO, TSLA, TGH, TRTN, WPX, ZNGA.)

Ten stocks are doing so badly they seem to have no idea at all that this is the biggest raging bull market of our lifetimes.

Despite all the obvious caution in chip stocks, Deutsche Bank is still positive in five key chip shares.

Here’s what it takes to become a member of the top 1% all over the country. It’s pretty easy to be a one-percenter after you look at the map and options.

America seems ready to use Amazon.com Inc. (NASDAQ: AMZN) as their bank too.

Merrill Lynch likes five out-of-favor tech giants.

Goldman Sachs also has five tech names on its Conviction Buy list for upside ahead.

Several of the most important stocks in tech-land are having serious chart trouble. Can you say “death cross” in your lingo?
Beverages may actually dominate the cannabis business trends in the years ahead.

Is it time to worry about too much euphoria in shares of Advanced Micro Devices Inc. (NASDAQ: AMD)?

It may finally be time to get bullish on International Business Machines Corp. (NYSE: IBM) for a serious gain into 2019 or 2020.

Two analysts see a dry-eye biotech having over 100% upside, even after a huge run and despite pressure from a secondary offering.

Looking Backward and Forward

Friday was the end of the third quarter, and gross domestic product (GDP) estimates have been coming down marginally, even as the Federal Open Market Committee has removed its “accommodative” stance with the promise of additional rate hikes ahead. And to complicate matters further, Hurricane Florence’s total damage could be in the neighborhood $30 billion. And there is more evidence of a slowing housing market.

The international markets are facing serious issues. Italy’s banks were trading limit down on Friday and the nation’s interest rates were rising, and Italy is the 13th largest GDP in the world. The list of the nations in trouble of sorts in the top 20 economies by GDP (ranked from CIA World Factbook) has become worrisome:

• China (1) has trade and growth issues.
• India (4) has a non-bank finance and growth issue.
• Japan (5) can’t seem to even manufacture growth.
• Russia (7) … Well, you know it’s Russia, but at least they are still adding gold to backstop the ruble.
• Brazil (9) is slow.
• The United Kingdom (10) is suffering under Brexit.
• Turkey (14) has its leadership and economic woes building.
• Canada (18) has trade issues with the United States and Prime Minister Justin seems no closer to a NAFTA deal with Trump.
• And Iran’s (19) issues with the United States are quite well known.

This week, which once again ended the third quarter, was a mixed week, but here’s how the major indexes and ETFs were looking on year-to-date performance:

• Dow Jones industrial average (DIA), up 7%
• S&P 500 (SPY), up 9%
• Naz 100, up 19%
• Gold (GLD), down 9%
• China (FXI), down 7%
• Eurostoxx 50 (FEZ), down over 4%

24/7 Wall St.
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