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.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Communication Services | |
Netflix; The COVID Glow Has Worn Off
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 i... 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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Healthcare | |
The stock market’s January 2022 swoon has spared few sectors and health care has been one of the biggest underperformers. Biotech names have been especially hard hit as is often the case during risk-off mode. Less than three weeks into the new year, the Nasdaq Biotech Index is down 10% compa... Read the Full Story |
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Finance | |
Investments during the pandemic have set these banks up for growth
The prospect of rising interest rates and more hawkish monetary policy is viewed as a bullish sign for financial stocks. However, many of the “big banks” look to have a lot of growth already priced in. On the other en... 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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Consumer Discretionary | |
DoorDash Investors Face Headwinds To Profits
If you are wondering why DoorDash (NYSE: DASH) stock is having such a hard time in the market we’re here to tell you it is because of insider selling. Not only is this a low-float stock with only 58% of the shares available to trade but the insi... Read the Full Story |
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Industrials | |
The Uptrend In Union Pacific Is Intact And Ongoing
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 p... Read the Full Story |
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From Our Partners | | A small-cap gold and silver royalty company is generating record revenue from producing mines, yet shares still trade under 1 dollar.
It just signed the largest transaction in its history, a new gold streaming deal backed by a strategic relationship with a major mining investment firm.
A well-known sector financier has invested his own money and joins the CEO in an exclusive interview breaking down the full story. | | Click here for instant access to the free report now |
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Markets | |
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 effect... Read the Full Story |
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Markets | | Enterprise artificial intelligence (AI) search platform provider Yext (NASDAQ: YEXT) stock has been grinding lower towards the pandemic lows. The Company integrates AI to provide answers for customer inquiries utilizing search and voice assistants. The Yext knowledge platform is connected to many fa... Read the Full Story |
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Consumer Staples | |
Bearish Action Can Present Some of the Best Long-Term Buying Opportunities
With bears growling in a big way to start the year in equity markets, the savviest investors are putting together shopping lists of great companies to consider buying at bargain prices. While it's never easy to put capital... Read the Full Story |
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Materials | |
Alcoa Is Emerging From A Massive Turnaround Effort
Alcoa (NYSE: AA) may have lost its status as the market bellwether but its results are something investors should pay attention to. The company has been working hard to restructure the business, divest itself of underperforming assets, resolve d... Read the Full Story |
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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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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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