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🇺🇸 This Morning's Reminder To "Never Bet Against America"
U.S. labor data, port strike ends, $SAVE looks for a lifeline and more
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Happy Friday! If I were a betting man… ok let’s face it, I am. I’ve bet against the Yankees, I’ve bet against my little brother’s tee ball team, I’ve even done the unthinkable and bet against the Kansas City Chiefs. But Warren Buffett says to ‘never bet against America’ and today’s a good reminder of why. Plus, is there anyone out there that can save $SAVE?
—Aaron Bry
Plus, check out the company that’s reshaping the glucose-monitoring space, which could be a $30 billion industry by 2030.
MARKET SNAPSHOT
Yesterday: A little pause in the rally as the major indices closed off their all-time highs. The market looks to be turning things around this morning, inching back to new highs.
On Our Radar: Looking ahead to next week, more earnings reports will star to roll in, plus, CPI data later in the week. Should be a busy one.
TOP STORY
Basically: Signs of a healthy labor market emerged from the official September jobs report, as the U.S. economy added 254,000 nonfarm payroll jobs last month, reflecting a strong improvement over August's upwardly revised figure of 159,000.
So: This pace of job creation sharply exceeded economist forecasts, offering fresh optimism for the labor market's resilience. More importantly, here are the stocks and sectors responding to the data.
PRESENTED BY GLUCOTRACK
Glucotrack Inc. (NASDAQ: GCTK) aims to transform the continuous glucose monitoring (CGM) market by tackling the limitations of current technologies. Existing systems improve diabetes care but still present issues such as frequent sensor changes and discomfort from wearables.
Glucotrack offers a continuous blood glucose monitor (CBGM) with real-time blood glucose measurements and a long sensor life of up to three years, eliminating the need for frequent site changes. As the number of insulin-using people with diabetes grows, Glucotrack’s innovative approach which does not involve wearables seeks to provide an accurate, convenient, patient-friendly solution for diabetes management.
FIVE ZINGERS
Extra Cheese?: One analyst is calling for Domino’s Pizza shares to rally by more than 30%. Here are some of the other top analyst calls today.
Take A Hike, Strike: The longshoremen strike impacting more than a dozen U.S. shipping ports ended last night. Here are the stocks moving on the news.
Tapping The Brakes: Rivian’s stock stepped on the brakes this morning, trading down 10% after lowering its production guidance.
Race Is On: Tesla’s robotaxi event is coming next week. Here’s a look at the current leaders in the space.
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
Basically: Spirit Airlines Inc. experienced a significant drop of over 40% in pre-market trading on Friday.
So: This decline follows reports of the airline engaging in bankruptcy talks with bondholders. But, could another airline come in and try and throw the company one final lifeline?
PRESENTED BY SPROTT ASSET MANAGEMENT
The technological landscape is expanding, with Artificial Intelligence (AI) poised to play a crucial role in the next generation of computing. With many notable companies establishing or integrating AI capabilities into their technological infrastructure, a common realization has been the high energy cost associated with AI development, particularly concerning data centers.
Against this backdrop, many firms are exploring clean energy sources, which rely heavily on critical minerals, to power their AI data centers. In turn, the growing need for clean energy to power AI data centers is increasing the demand for critical minerals, which can benefit investors that maintain exposure to them.
Sprott ETFs aim to capitalize on these trends. Click here to learn more.
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