Wayfair: Shares Look Relatively Expensive Despite Category Outperformance (Downgrade)

Prior was 197K (revised to 198K) Four-week moving average 200.0K vs 202.2K prior Continuing claims 1.701m vs 1.725m expected Prior continuing claims 1.719m These numbers are at generational lows and a reminder that the risk is towards rising inflation/wages rather than unemployment. For background, initial jobless claims measure new applications for unemployment insurance in the…

Vehicles drive on the 405 freeway (overpass) past a US flag displayed outside of the Marathon Petroleum Corp. Los Angeles Refinery in Carson, California on September 22, 2026. Patrick T. Fallon | Afp | Getty Images U.S. President Donald Trump has suggested the White House is still considering a diesel export ban as he faces…

Key Points AI data centers are approaching copper’s physical limits, accelerating adoption of silicon photonics solutions. Coherent and Lumentum supply critical optical components powering next-generation AI infrastructure growth. Silicon photonics offers a big long-term opportunity, but both stocks remain higher-risk, cyclical investments. 10 stocks we like better than Coherent › Much of the AI conversation…

November Nymex natural gas (NGX26) on Tuesday closed down -0.095 (-3.06%). Nat-gas prices settled sharply lower on Tuesday for a second day after gas production returned to near normal after repairs were made to a ruptured gas pipeline in West Virginia, easing supply fears.   TC Energy on Sunday notified customers that it lifted the force…

Key Insight: The real reason mortgage rates suddenly dipped involves investor anxiety over tech sector profits. Expert Quote: “We think volumes will stay weak near term…” — Bose George, KBW Forward Look: Watch for potential U.S. strikes after the upcoming midterm elections.  This week’s dip in mortgage rates is no reason for originators to relax,…