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Happy Tuesday! They say what goes up must come down. Which I learned the hard way when I was 8 and fell out of that tree. But hey, at least every kid in class wanted to sign my cast. Chinese stocks are coming back down after a violent rally to the upside, plus, the stocks to watch as Hurricane Milton approaches landfall in Florida.

—Aaron Bry

Plus, if you’re looking for a way to capitalize on the growing global demand for lithium, check out today’s partner.

MARKET SNAPSHOT

Yesterday: The bears made a stand. All major indices closed lower as the market priced in the potential for no rate cuts at the Fed’s next meeting. Plus, Hurricane Milton is causing some uncertainty, particularly in insurance stocks.

On Our Radar: Big week for economic data with CPI and PPI coming on Thursday and Friday. Plus, we’ll get a slew of Fed Speak tomorrow.

TOP STORY

Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008

Basically: After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday.

So: The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global financial crisis. But, is it safe to buy the dip? Here are the stocks making the biggest moves.

PRESENTED BY LI-FT

Quebec Lithium Trifecta: Pontax, Moyenne, And Rupert Projects

One of Canada’s mineral exploration companies, Li-FT, has a trio of potentially rich lithium projects in Quebec's James Bay region: Pontax, Moyenne, and Rupert. These greenfield exploration sites span over 228,000 hectares of lithium territory. 

According to Li-FT, Pontax contains the most extensive lithium anomaly in the company’s Quebec portfolio with highway access. Moyenne, accessible by helicopter, shows promising geological indicators, the company reports. Rupert, its largest property, has completed initial drilling with 17 holes planned, targeting lithium-bearing pegmatites under glacial cover. 

All three projects have favorable geological settings, including proximity to known deposits like Whabouchi, Li-FT states.

Ready to be part of this exciting opportunity?  Visit https://carboncredits.com/liftpower-lift/ to learn more about the Yellowknife Lithium Project and explore investment possibilities.

FIVE ZINGERS

Is Pepsi Ok?: PepsiCo reported earnings this morning, and cut its revenue forecast on demand worries. Here’s why the stock is still trading higher.

It’s A Sign: DocuSign shares are taking off this morning as the stock is set to join the S&P MidCap 400, effective Friday.

The Trump Bump: $DJT shares continue to rebound, as Donald Trump makes up some ground in polls and Elon Musk joined the former president at a rally.

Trouble In Paradise: Disney’s stock is under pressure as Hurricane Milton threatens the company’s park in Florida. Is it safe to buy the dip?

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Potential Stock Winners And Losers From Milton Threat

Basically: The second Category 5 storm of the 2024 hurricane season named Hurricane Milton is threatening large-scale destruction, as it quickly graduated from Category 1 status and is approaching the state of Florida. The storm is expected to lash over the Tampa Bay on Wednesday.

Milton Vs. Previous Hurricanes: Hurricane Milton gathered maximum sustained wind speeds of 180 miles per hour by Monday night, and in terms of wind speed it only trails a 1980 hurricane, which went by the name Allen and boasted a top wind speed of 190 mph before it made landfall in the U.S.-Mexican border, said New York Times. Here are the stocks to watch as the storm approaches.

PRESENTED BY BENZINGA

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