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: Free today: My 7-point options checklist (Ad) 
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Consumer Discretionary | | 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 y... Read the Full Story |
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From Our Partners | | Bitcoin is down. Fear is high. Most investors are sitting on their hands. That's exactly when my biggest winners have been found:
KDA: 17,556% ... PRE: 3,900% ... OCEAN: 2,650% ... ALBT: 1,933%
Every single one was called to our community before the big move happened. So today, while everyone else is scared, I'm making my next big call. | | Get my #1 coin for October. |
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Consumer Discretionary | | 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 | |
2021 was an interesting year, what with short squeezes, investors eyeballing crypto, the rise of SPACs, heightened tensions with China, increasing interest rates and real estate double-takes.
2021 saw staggering returns in U.S. stock markets, with a third straight year of growth and double-digi... Read the Full Story |
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From Our Partners | | Every afternoon at 2:00 PM Eastern, roughly $3.5 billion in institutional money flows into the market as pension funds and 401(k) contributions get deployed before the close.
Researchers at Duke, Stanford, Notre Dame, and the Nasdaq Economic Advisory Board have studied this pattern. During one volatile week in June, a $1,000 trade set at 2:00 PM settled by 4:00 PM five days in a row, and the full month produced $2,016 in net income on a single contract. | | Watch the full 2 PM income breakdown before access closes |
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Consumer Discretionary | |
Chipotle Mexican Grill Is Most-Upgraded Restaurant Stock In 2021
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... Read the Full Story |
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Technology | |
The Analysts Bring Momentum To These Markets
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 ... Read the Full Story |
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From Our Partners | | An $841 billion shadow trust tied to Trump era policy has already paid out $4 billion in income over the past 12 months, according to Altimetry's Rob Spivey.
Less than 1% of the 6,000 publicly traded stocks offer monthly distributions, and Spivey says this opportunity outpaces them all. Ray Dalio and Ken Griffin have each put more than $100 million behind it. | | Watch Rob Spivey's full presentation on this income opportunity now. |
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Markets | | Fast food restaurant franchise Wendy’s (NYSE: WEN) stock has been consolidating ahead of a breakout for the most of 2021. The iconic burger chain is expected to grow its footprint to 7,000 stores by the end of 2021 with another 200 potential franchisees in the pipeline despite navigating suppl... Read the Full Story |
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Consumer Discretionary | | Residential home builder Hovnanian (NYSE: HOV) stock has risen to nosebleed levels rising from $5 in July 2019 to hit highs of $146.30 in June 2021. While home builders have been incredibly strong with the housing market and shortage of new homes, investors should also take into account where stock ... Read the Full Story |
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Consumer Discretionary | |
Insiders And Institutions Take Big Stake In Canoo, Inc
Believe it or not but little old EV startup Canoo, Inc (NASDAQ: GOEV) is the most bought stock by insiders in 2021. The insiders bought 35.315 million shares in two transactions worth $230.744 million. This is worth about 14% of the shares ou... Read the Full Story |
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Finance | |
Take the guesswork out of investing in volatile stocks by looking at stocks with a high upside
Traders love high-volatility stocks because they have the potential to quickly make large price swings. Being on the right side of those trades sets them up for quick profits. But that doesn’t me... Read the Full Story |
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Markets | |
You can't say you've never heard of a contrarian viewpoint if you've never heard or read Warren Buffett's famous quote, "Be fearful when others are greedy and greedy when others are fearful."
Contrarian investing is just that — it means investing against the crowd. But it's a hard way to go... 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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