Good MorningThe market selloff gained momentum on Monday with the S&P 500 falling below the 30-day EMA and approaching the lowest levels in over two weeks. If the index continues to fall and breaks below the 4,500 level, a move down to 4,300 is the most likely scenario.
The selling is due to the combined impacts of COVID-19 and Joe Biden’s agenda falling apart. On the one hand, the Omicron variant threatens to bring the global supply chain to a standstill while on the other, Biden’s failure in getting his agenda through Congress is weighing on the GDP outlook. In both cases, the growth of S&P 500 earnings is in question and that is never a good thing for the stock market. If the market is forced to re-evaluate the outlook for S&P 500 earnings growth and lower the estimates the index could fall well below the 4,300 level as well. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Business Services | |
Extraordinary Inflation Cuts Into Steelcase Results
Institutions have been scooping up shares of institutional furniture-maker Steelcase (NYSE: SCS) all year. The institutional activity is marked by rotation into and out of the stock but has been net-positive for each of the last 6 consecutive q... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Retail/Wholesale | |
Outdoors sporting goods retailer Sportsman’s Warehouse (NASDAQ: SPWH) stock plunged on the announcement of the termination of its acquisition by Great Outdoors for $18 per share. The retail reopening trend has run its course with most people taking on second COVID-19 booster vaccinations. Fi... Read the Full Story |
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Retail/Wholesale | |
More than 900 companies went public in 2021, with one of those being shoemaker Allbirds (NASDAQ: BIRD).
The company made its public debut in early November, and after an opening-day pop, it moved lower but is holding above its December 13 low of $12.56. Allbirds was founded in New Zealand in 201... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Markets | | Shares of medical-records software maker Cerner (NASDAQ: CERN) were trading higher again Monday, following news last week that database software giant Oracle (NYSE: ORCL) agreed to acquire Cerner for around $28.3 billion.
Cerner shares vaulted 12.93% Friday on rumors of the deal, which was formally... Read the Full Story |
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Markets | |
Do you plan to make great strides in your retirement savings in 2022? Knowing exactly how to execute the right strategy for your retirement plan can seem daunting, but considering various strategies can give you a great start for next year.
Let's walk through several strategic tips you can use t... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Technology | |
Don't Overlook the Impact of The January Effect
Are you familiar with the term “The January Effect”? It refers to a theory that stock market prices seasonally increase during the month of January. This could occur for a variety of different reasons, including investors taking advanta... Read the Full Story |
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Business Services | |
Expensify Moves Lower After Results Fail To Impress
Expensify (NASDAQ: EXFY) caught our attention when it emerged from its post-IPO quiet period. A handful of name-brand sell-side analysts came out in support of the company with a consensus price target that implied more than 30% of upside for t... Read the Full Story |
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Technology | |
Insiders Sell Adobe Ahead Of Earnings
Insiders were selling Adobe (NASDAQ: ADBE) ahead of the Q4 earnings report but it is nothing to be worried about. The selling amounts to a mere $97.75 million, less than 0.03% of the current market cap, and there are no red flags to speak of. Not only were s... Read the Full Story |
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Consumer Discretionary | | Media and entertainment giant The Walt Disney Company (NYSE: DIS) stock is reflecting the slowdown in its legacy operations and domestic channels. The resurgence of the omicron COVID-19 variant could have repercussions in its parks and cruise business. The reopening trend has been played and peaked ... Read the Full Story |
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Markets | |
Does the upcoming new year have you rethinking your life and priorities? If so, you're not the only one.
The pandemic has caused many individuals to make decisions about their values and often analyze and change their values. Roughly two million more people unexpectedly retired during the pandem... Read the Full Story |
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The Early Bird Stock Of The Day First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 68.5 million square feet of industrial space as of December 31, 2023. | | View Today's Stock Pick |
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