Good MorningIf the first trading day of the year can be used as a guide it looks like 2023 is going to be another down year. The S&P 500 opened with gains and moved higher only to hit resistance at the short-term 30-da EMA where it triggered selling. The remainder of the day saw the market under pressure and down more than 1.0% at the low of the session. The truly bad news is that the index confirmed resistance at a key level and the price action suggests more down days are ahead of us.
The catalysts this week will be economic in nature. The key read for the week is on Friday in the form of the NFP report but there are other important data points due out as well. Next week, things change with the start of peak Q4 reporting season which is not expected to be a good one. While the analysts are upgrading a number of stocks with the start of the year the bulk of the analyst's activity is bearish and that trend is likely to continue. Featured: This tool shows when a stock is about to explode (or collapse) (Ad) 
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Markets | | | Shares of Tesla (NASDAQ: TSLA) are in a buy zone, following a 13.53% gap higher on the first day of trading for the new year. Tesla closed Monday at $1199.78, up $143, in heavier-than-normal trading volume. The stock got a boost after releasing unit sales data for the fourth quarter and the full year of 2021. Read the Full Story |
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From Our Partners | | A Historic Gold Announcement Is About to Rock Wall Street?
For months, sharp-eyed analysts have watched the quiet buildup behind the scenes. Now, in just days, the floodgates are set to open. The greatest investor of all time could validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent — and four tiny miners could be your ticket to 100X gains. | | Click here to get Garrett’s Top Four picks now. |
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Markets | | | Returns — and the results of unique phenomena in 2021 — may look different in 2022. Will the end of the bull run come closer and the perks (good things) that occurred in 2021 keep up in 2022? Let's explore some possibilities. Read the Full Story |
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Stocks | | | We like the analysts not so much for what any single one of them has to say but for the sentiment, and trend of sentiment, within the analyst’s community. The more analysts on board a market the more depth and when the analyst’s sentiment is trending higher or lower it can really move price action. Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough. | | Click here to see why Tesla's about to prove everyone wrong... again. |
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Tech | | | A couple of months ago, a woman paid a visit to Jeff Schrier's used car lot in Omaha, Nebraska. She was on a tight budget, she said, and was desperate for a vehicle to commute to work.
She was shown three cars priced at her limit, roughly $7,500. Schrier said the woman was stunned.
... Read the Full Story |
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Markets | | | AT&T and Verizon said Monday they will delay activating new 5G wireless service for two weeks following a request by Transportation Secretary Pete Buttigieg, who cited the airline industry’s concern that the service could interfere with systems on planes.
The announcement reversed... Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Tech | | | Three bright and driven women with ground-breaking ideas made significant — if very different — marks on the embattled tech industry in 2021.
Frances Haugen, Lina Khan and Elizabeth Holmes — a data scientist turned whistleblower, a legal scholar turned antitrust enforcer and a former... Read the Full Story |
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Politics | | | New York’s attorney general recently issued subpoenas to former President Donald Trump and his two eldest children in connection with an ongoing civil investigation into the family’s business practices Read the Full Story |
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Tech | | | Germany on Friday shut down half of the six nuclear plants it still has in operation, a year before the country draws the final curtain on its decades-long use of atomic power.
The decision to phase out nuclear power and shift from fossil fuels to renewable energy was first taken by t... Read the Full Story |
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Markets | | | Iconic diner chain Denny’s, Inc. (NASDAQ: DENN) stock saw growth slow in the latter part of the year with the rise in COVID and supply chain disruptions. The Company has 70% of its domestic stores operating on average 18 hours per day and 45% operating at 24 hours per day, seven days a week. T... Read the Full Story |
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Markets | | | Chipotle Mexican Grill (NYSE: CMG) caught our eye as the 5th most upgraded stock in 2021 and the most upgraded name among the restaurants. While we don’t like playing follow the leader with the analysts we do like it when the analysts are touting the same names we are interested in. Read the Full Story |
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The Early Bird Stock Of The Day Armstrong World Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products. It serves commercial and residential construction markets, as well as renovation of existing buildings sectors. The company sells its products to resale distributors, ceiling system contractors, wholesalers, and retailers comprising large home centers. Armstrong World Industries, Inc. was founded in 1860 and is headquartered in Lancaster, Pennsylvania. | | View Today's Stock Pick |
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