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.
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Finance | |
We all know that 2021 took a battering ram to certain sectors (not to mention what happened in 2020). However, financial stocks showed a strong performance in 2021 — the 33% gain in the sector made it the fourth best-performing sector in the S&P 500. In fact, the largest U.S. banks have ... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Staples | |
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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Finance | |
JPMorgan To Trade Sideways In 2022
A mixed report from JPMorgan Chase (NYSE: JPM) has shares down hard in early trading and they may move lower. The takeaway is that institutional support for JPMorgan remains high and will likely support price action at the bottom of a trading range that has bee... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | |
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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Industrials | |
Industrial Stocks are Appealing in an Uncertain Market
Many of the top analysts on Wall Street are bullish on value sectors like the industrials, and it’s fairly easy to understand why. With interest rate hikes on the horizon and sharp moves to the downside in high valuation names, industri... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Technology | |
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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Technology | |
Infosys Beats And Raises As Transformation Takes Hold
Infosys (NYSE: INFY) has been working hard on a digital transformation that just so happened to set the company up perfectly for the pandemic and the post-pandemic world. A consulting and outsourcing firm, Infosys’ transformation is cen... Read the Full Story |
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Industrials | |
Analysts And Institutions Put A Bottom In Caterpillar
The analysts have been getting incrementally more bullish on Caterpillar (NYSE: CAT) over the past 12 months and we see this activity driving share prices back to the all-time high set in 2021, at least. Activity since the start of 2022 inclu... Read the Full Story |
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Communication Services | | Shares of video game maker Take-Two (NASDAQ: TTWO) have had their busiest few days in nearly three years this week as the bulls and the bears slugged it out to see where shares will go next. They’ve had a rough enough start to the year, falling as much as 25% at one point into the start of thi... Read the Full Story |
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Communication Services | | Shares of mid-cap Shutterstock (NYSE: SSTK) are down 10.13% this month, following a rally to the tune of 44.55% in the past 12 months.
The company went public in 2012, so it’s well within the “early opportunity” phase where it’s likely to notch some of its biggest gains. Th... 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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