Good MorningEquities tried to bounce back on Thursday but investors shouldn’t read too much into the news. The S&P 500 gave up the gains in the final hour of trading and closed with a loss of 1.1%. The best the market can hope for now is for a sideways movement to begin as we enter the peak of the Q4 earnings cycle but we are not hopeful. While reports are coming in better than expected the outperformance has been marginal and reflects the two-edged sword of inflation: Inflation is boosting revenue is hurting profitability.
Next week will be a make-or-break moment for the S&P 500. If the index can maintain support above 4,500 the odds of a major correction will diminish greatly. As it is, the index is on track to put in at least a 5% correction and as much as a 6% correction before finding support. If the market falls below 4,500 however, a move down to the 4,300 level becomes very likely.
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Well, it's certainly true that the materials sector is one of the most ho-hum sectors on Wall Street. However, there's no denying that stock mavens perked up at certain points during 2021 when certain materials stocks began to glisten in the limelight.
Economic recovery from the lingering e... Read the Full Story |
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Markets | | | Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street.
Tokyo fell 0.9% after Toyota Motor Corp. announced production cuts due to parts shortages. Other major regional markets also fell. Oil prices slipped, with the U.S. benchma... Read the Full Story |
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Markets | | | A late-afternoon sell-off wiped out gains for stocks on Wall Street Thursday and sent major indexes deeper into losing territory for the year.
The sharp about-face for the broader market was once again directed by technology stocks, which have been behind choppy trading throughout the... Read the Full Story |
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Markets | | | Biotech stocks are notoriously among the most volatile on the exchange which can be both a blessing and a curse. Hardest hit during market downturns, they can be the fastest to recover when a rebound unfolds. Read the Full Story |
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Stocks | | | Super regional banks can be a compelling alternative for investors looking to avoid low growth big bank stocks on the one hand and volatile fintech stocks on the other. Here are three super regional banks that look like solid investment options in a rising interest rate environment. Read the Full Story |
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Markets | | | Peloton's shares tumbled on Thursday after a media report said the exercise and treadmill company was temporarily halting production of its connected fitness products amid waning consumer demand.
Shares fell nearly 24%, or $7.62 to $24.22 on Thursday on the report.
Pe... Read the Full Story |
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Tech | | | The rollout of new 5G wireless service in the U.S. failed to have the much-dreaded result of crippling air travel, although it began in rocky fashion, with international airlines canceling some flights to the U.S. and spotty problems showing up on domestic flights.
Airline industry of... Read the Full Story |
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Markets | | | If you have been worrying about the stock market and the risks of a correction Netflix (NASDAQ: NFLX) Q4 aren’t going to make you happy. It’s not so much that results are bad so much as they aren’t dazzling like they’ve been so often in the past. Read the Full Story |
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Stocks | | | A look at the long-term chart of monthly Union Pacific (NYSE: UNP) candlesticks makes one thing glaringly evident. This stock is in a long-term uptrend and only going higher. Based on the Q4 results, our outlook for 2022, and the stock’s price action post-release we think the next move may be starting right now. Read the Full Story |
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Markets | | | The shortage of parts caused by the coronavirus pandemic is further denting production at Toyota, Japan’s top automaker.
Production at 11 plants in Japan will be halted Friday, Saturday and next Monday, Toyota Motor Corp. said.
That comes on top of reductions planned ... Read the Full Story |
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Friday's Early Bird Stock Of The Day Kirkland's, Inc. operates as a specialty retailer of home décor and furnishings in the United States. Its stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, outdoor, and gifts. The company operates its stores under the Kirkland's, Kirkland's Home, Kirkland's Home Outlet, Kirkland's Outlet, and Kirkland Collection names. It also operates an e-commerce website, kirklands.com. The company was founded in 1966 and is headquartered in Brentwood, Tennessee. | | View Today's Stock Pick |
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