Good MorningEarnings season started with a bang only it wasn’t a rally that was started. The first reports out of the financial sector were largely better than expected but reveal the rising threat of inflation. The outlook for earnings is tepid despite the onset of rising interest rates and may sap investor sentiment for the near term. The S&P 500 gave up about 1.0% at the low of the day to close at the lowest levels in three weeks. Based on the technical setup, it looks like the index could keep falling in the near term at least.
This week is the start of peak earnings season but even so, there aren’t too many reports on tap. The majority of the action will be in the financial sector although there are some other S&P 500 sectors with companies reporting. The most important report of the week may come on Thursday evening when Netflix reports. Netflix is important to both the NASDAQ Composite and S&P 500 so could easily move the market.
Featured: I interviewed 600 crypto millionaires – here's what's coming (Ad) 
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Markets | | | While all signs point towards a strong year for this sector, investors still need to be highly selective when putting money to work at this time. That’s why we’ve put together the following list of 3 interesting industrial stocks to buy now to help you narrow your focus towards the best of the best. Read the Full Story |
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From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
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Markets | | | Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month's Winter Olympics in Beijing.
The world's second-largest economy grew by 8.1% last year, but activity fell abruptly in the second half as the ruling... Read the Full Story |
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Politics | | | As California enters its fifth year of broad legal marijuana sales, industry insiders say the practice of working simultaneously in the legal and illicit markets is all too commonplace in the struggling pot economy Read the Full Story |
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Politics | | | On an isolated farm, greenhouses stand in regimental order, sheltered by a fringe of trees. Inside are hundreds of head-high cannabis plants in precise rows, each rising from a pot nourished by coils of irrigation tubing. Lights powerful enough to turn night into day blaze overhead.
I... Read the Full Story |
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Markets | | |
Consider These 3 Low-Volatility Names in a Mixed Market
How investors deal with volatility in markets is ultimately what will define their long-term success. We’ve recently been treated to some of the best years in the history of the stock market, which is why many are having a tough time a... Read the Full Story |
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Stocks | | | Should you invest in financials this year? Uh, yeah. (Hint: Fed rate hikes.) Here's what to know. Let's go over what you can expect and some potential investments you may want to add to your portfolio. Read the Full Story |
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Tech | | | Tesla is turning to Mozambique for a key component in its electric car batteries in what analysts believe is a first-of-its-kind deal designed to reduce its dependence on China for graphite.
Elon Musk's company signed an agreement last month with Australia's Syrah Resources, which ope... Read the Full Story |
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Politics | | | Lebanon’s militant Hezbollah group and its main Shiite ally said Saturday they are ending their boycott of Cabinet meetings after a three-month deadlock that has worsened the small nation’s unprecedented economic meltdown.
The two Shiite groups said in a joint statement they would at... Read the Full Story |
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As 2022 goes into full swing, it stands to reason that as the pandemic doesn't impose quite the burden that it once did, consumer discretionary spending will tick upward. After all, nonessential products and services will come into vogue again, right? (Aren't we beyond the need for just toilet pap... Read the Full Story |
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Space tourism pioneer Virgin Galactic Holdings, Inc. (NYSE: SPCE) stock has collapsed below pandemic lows after its initial space flight carrying its chairman Richard Branson. What initially seemed like a step forward moving towards significant revenue generation was pushed back as the Company del... Read the Full Story |
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Monday's Early Bird Stock Of The Day Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45. The company also operates Terrain stores that provide lifestyle home products, garden and outdoor living products, antiques, live plants, flowers, wellness products, and accessories. In addition, it operates Free People retail stores, which offer casual women's apparel, intimates, activewear, shoes, accessories, home products, gifts, and beauty and wellness products for young women aged 25 to 30; and restaurants, as well as women's apparel subscription rental service under the Nuuly brand. Further, the company is involved in the wholesale of young women's contemporary casual apparel, intimates, activewear, and shoes under the Free People brand; and apparel collections under the Urban Outfitters brand. The company serves its customers directly through retail stores, websites, mobile applications, catalogs and customer contact centers, franchisee-owned stores, and department and specialty stores, as well as social media and third-party digital platforms. Urban Outfitters, Inc. was founded in 1970 and is based in Philadelphia, Pennsylvania. | | View Today's Stock Pick |
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