Good MorningThe broad S&P 500 fell again on Wednesday shedding more than 1% at the low of the day. On the one hand, the earnings season is a little better than expected in its first full week of the reporting season but on the other, the reports so far haven’t been much more than the market wanted and the outlook isn’t as good as it could be. Inflation and supply chain hurdles are still omnipresent and are having a deep impact on the economy.
Thursday’s trading will be focused on the economic data. After a weak Empire State Manufacturing Survey the Philadelphia MBOS will be more important than ever. The Empire State Survey showed a contraction of activity that could lead to a recession for the sector. In that scenario, we see the S&P 500 contraction getting deeper.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Materials | |
The “One Stock” H.B. Fuller Looks Even Better Than Ever
We got interested in H.B. Fuller (NYSE: FUL) early in 2021 because it looked like it could be the one stock to rule them all in 2021. The company manufacturers specialty chemicals and specifically adhesives, glues, and coatings f... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Consumer Discretionary | |
For a stock that has dropped 25% since the middle of September, Chipotle Mexican Grill (NYSE: CMG) is sure attracting a lot of favorable attention. You’d typically expect that kind of multi-month sell-off to be justified, and perhaps backed by several analyst downgrades, but not so with the ... Read the Full Story |
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Energy | |
Kinder Morgan Is A Yield Dividend Investors Need To Own
We called out Kinder Morgan (NYSE: KMI) as a buy last year with the idea its 6.75% was overly attractive and not likely to remain so high relative to share prices for long. Now, a year later, we are sticking by that outlook with this correct... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Technology | |
Take a Look at These 3 Blue Chips as Market Volatility Continues
Blue chip stocks are attractive to long-term investors for a number of reasons. These are companies that tend to have steady cash flows, appealing financial positions, and established businesses with a long history of success. They ... Read the Full Story |
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Energy | |
No question about it: Oil prices took a tumble at the beginning of the pandemic. However, last year, plenty of life breathed into the energy sector. Energy jogged to first place of all the sectors in the first half of 2021. In fact, oil prices reached their highest levels in six years.
But what ... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Industrials | |
Strong Results No Balm For Fastenal Traders
Fastenal (NASDAQ: FAST) is a great company with a growing business but there is a problem. Trading at 37X its forward earnings it is very highly valued compared to the broad market and its growth isn’t all that spectacular. While we aren’t f... Read the Full Story |
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Consumer Discretionary | | Entertainment and sports content operator Endeavor Group Holdings (NYSE: EDR) stock has weathered the recent market sell-off. Endeavor has been the premiere reopening play as it provides key talent that enables streaming and live content in nearly all aspects of sports and entertainment. The Company... Read the Full Story |
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Consumer Discretionary | |
Betting Big On Cricut, Inc
We like Cricut, Inc (NASDAQ: CRCT) so we are not surprised to see a major shareholder accumulating shares. What we are surprised about is the scope of that accumulation and what it may mean for future share prices. What we’re talking about are systematic, periodi... Read the Full Story |
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Healthcare | | United Health Might Be Bottoming But It’s Too Soon To Tell
United Health (NYSE: UNH) reported its Q4 revenue and earnings and caused share prices to rise. The rise was met with resistance, however, due to tepid guidance that did little to fan the flames of investor sentiment. The takeaway is... Read the Full Story |
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Markets | |
What Goes Up, Must Come Down, Eventually
If you are worried about an impending correction you have good reason to be. There are a number of factors weighing on the broad market S&P 500 (NYSEARCA: SPY) that could easily cause a 10%, 20%, or 30% correction in prices. While we could go on and o... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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