Good MorningStocks pulled back on Wednesday despite a much better than expected ADP report. The ADP report says more than 800,000 new jobs were created in December which is more than double the consensus estimate. The news is great for the economy as it means much-needed positions are getting filled and log-jams in the supply chain will begin to ease but it also means hiring. Wages are on the rise as well and expected to accelerate in this month’s NFP report. The buzz on Wall Street is that wage inflation will run in the mid-teens this year.
The reason for the pullback was the FOMC minutes which revealed a much-more hawkish Fed than the market was looking for. The FOMC minutes indicate the committee could hike rates for the first time by March and begin trimming the balance sheet soon after. The yield on the ten-year treasury advanced to an 8-month high on the news while the NASDAQ Composite shed more than 2.75% at the low of the day.
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Utilities | |
When you consider all your options, you may wonder what stock sectors you should jump on in this "new day and age." After all, with elevated inflation, turtlelike economic growth, and interest rate hikes, what should we look forward to?
In November, the unemployment rate fell to 4.2%, and experts... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Markets | |
After a strong 2020, China’s stock market had a rough go of it last year. Beijing’s regulatory action and tight monetary policy led to a 29% decline in the MSCI China index. Most U.S. listed Chinese companies didn’t fare well either.
Looking ahead to 2022, the good news is that ... Read the Full Story |
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Technology | |
Richardson Electronics Is In The Right Place At The Right Time
Small-cap Richardson Electronics (NASDAQ: RELL) caught our attention last earnings cycle when it reported earnings. Strengthening trends across all end markets were driving results and indicated strength would continue in the current... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | | Domestic casino operator Penn National Gaming, Inc. (NASDAQ: PENN) shares have fallen by (-60%) off the 2021 highs into year’s end despite being one of the few profitable publicly traded casinos. The Company has virtually no exposure to Macau which is undergoing intense China scrutiny with pot... Read the Full Story |
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Consumer Staples | |
Beyond Meat Is More Than Burgers
Beyond Meat (NASDAQ: BYND) investors got some game-changing news when Yum! Brands KFC announced it was going nationwide with its meatless chicken product. The launch comes after two years of testing and a successful string of test launches in 2020 and 2021. The pr... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Industrials | |
Unifirst Falls On Strong Results, Positive Guidance
Anyone not expecting strong results from Unifirst Corporation (NYSE: UNF) isn’t paying attention to the labor market. While there are still lingering issues within the labor force, the labor market is strong and employment levels are back ... Read the Full Story |
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Consumer Discretionary | |
Institutions Put A Bottom In Garmin
The insider activity in shares of Garmin (NYSE: GRMN) speaks volumes, not for their frequency and size but for the lack of both. Insiders were selling early in the year, sales were made by a wide range of execs, board members, and large shareholders, but sudden... Read the Full Story |
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Materials | |
Mixed Results For RPM International
RPM International (NYSE: RPM) had a mixed quarter and one that reveals the two-edged sword of inflation. The company grew revenue and at a pace above consensus but the gains are more to do with pricing increases than anything else. Yes, demand is holding up on ... Read the Full Story |
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Industrials | |
With a 30% run since this time last month, shares of ride-hailing app Uber (NYSE: UBER) are carrying some decent momentum with them into the new year. While they bounced off their lows of the year as part of this rally, they look set to break the downtrend that’s had them under pressure sinc... Read the Full Story |
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Materials | | With prices for fertilizer and agricultural chemicals on the rise for the better part of a year, companies such as Mosaic (NYSE: MOS), CF Industries (NYSE: CF) and Nutrien (NYSE: NTR) are showing outstanding sales and earnings growth.
One factor contributing to higher fertilizer prices is higher r... Read the Full Story |
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The Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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