Good MorningThe slide continued on Wall Street Thursday with the major indices reversing early gains and posting losses for the day. The move was driven by better than expected GDP numbers early in the session but fear of rising inflation capped the gains and caused the late-day selling. As good as the GDP figures were they are rear-looking and ultimately underpin the need for aggressive FOMC rate hikes. The S&P finished the session near the lows of the day and poised to move lower should the PCE Price Index come in hot today.
Next week brings another round of earnings, the busiest of the reporting season so far, and the monthly read of the NFP data. The NFP should show another substantial increase in employment, a downtick in unemployment, and rising wages which also point to the need for a rate hike from the FOMC. The market is still expecting a single hike in March but there is risk of two or more hikes with inflation running as hot as it is. Featured: Record Revenue Gold Silver Royalty Firm Still Trades Below 1 Dollar (Ad) 
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Healthcare | |
Biotechnology firms have attracted billions in capital due to the belief that biotech can transform health care. More flexible than traditional big pharma, biotech drives past basic and applied science and creates huge rewards for investors.
Sure, biotech stocks can mean major investment gains, ... Read the Full Story |
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From Our Partners | | Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal.
Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. | | See Jeff Brown's full analysis on Musk's new AI project |
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Industrials | |
This week’s Q4 earnings from General Electric (NYSE: GE) probably weren’t what the company was hoping for, let alone needed. Shares of the one-time industrial titan have been trading sideways for the past year which isn’t that bad considering the selling that went on before it. L... Read the Full Story |
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Consumer Discretionary | |
Build A Comfortable Portfolio With Ethan Allen Interiors
Ethan Allen Interiors (NYSE: ETD) is one of the best-positioned stocks in an industry experiencing strong secular tailwinds. While others in the industry are hindered or struggling with supply chain issues and shipping disruptions Ethan Al... Read the Full Story |
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From Our Partners | | In every midterm election since 1950, the S&P 500 was higher one year later - all 19 times.
A new report, The Midterm Election Playbook, breaks down that full record plus five moves to consider before and after Election Day.
It normally sells for $29.97, but it's free today while there's still time to use it. | | Download the free Midterm Election Playbook before Election Day arrives |
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Materials | |
Have you heard about the $1.85 trillion Build Back Better Act? More than a trillion dollars in new spending across eight years will sink into the nation's roads, bridges, rail, internet, water systems and more.
Of that amount, $550 billion in new spending should boost traditional infrastructure ... Read the Full Story |
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Technology | |
Consider Adding These 3 Stocks Next Month
With the stock market off to one of the worst starts to a year in recent memory, the idea of adding new positions in February might be met with some hesitancy among many investors. It will certainly be interesting to see if equities can finally bottom an... Read the Full Story |
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From Our Partners | | Trump has called an Iran deal close 38 times since the war began, yet the fighting keeps flaring back up.
One day it's a ceasefire, the next it's bombs again. The back and forth may be masking a bigger story most investors are missing.
See the real reason this conflict may never fully end. | | Uncover the real reason Trump may never end this war |
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Industrials | |
Vehicle and parts online auction platform Copart (NASDAQ: CPRT) stock is has been plunging with the benchmark indexes despite blowout earnings. The Company is capitalizing on the global chip shortage leading to supply chain disruptions in new and user vehicles. The inflation in car prices have bee... Read the Full Story |
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Markets | |
Tractor Supply Is Dominating In Underserved Markets
Wal-Mart (NYSE: WMT) and Target (NYSE: TGT) need to pay attention to Tractor Supply Company (NASDAQ: TSCO). While the two larger competitors are focusing on the more-urbanized and higher-density population zones Tractor Supply is focused on &ldq... Read the Full Story |
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Consumer Discretionary | |
Inflation Cuts Into Whirlpool’s Outlook
Shares of Whirlpool (NYSE: WHR) are moving higher in the wake of the Q4 earnings report and guidance for 2022 but we aren’t betting the house on this move. The company is still in good shape and on track to continue increasing its capital retur... Read the Full Story |
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Industrials | | After bouncing off a decent support level in November of last year, shares of Lockheed Martin (NYSE: LMT) look like they’re ready to start testing the upper levels of resistance in the coming sessions. The aerospace and defense company hit those highs this time two years ago, right before the ... Read the Full Story |
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Real Estate | |
Just as there are many moving parts to a fundamental analysis of a stock, an expansive list of technical indicators also lie at investors’ disposal to make their next winning pick.
One aspect of studying charts that technical analysts find appealing is that there is a constant supply of new... Read the Full Story |
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Friday'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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