Good MorningThe equity market started the week on a cautious footing with the S&P 500 falling about 0.4% at the end of the day. There is a renewed fear of inflation and the FOMC following last week's commentary and economic data and, more importantly, the outlook for earnings continues to decline. The consensus for the Q4 period is now firmly in negative territory and the outlook for the 1st half of 2023 is not far behind.
The biggest risks for the market this week are the FOMC minutes on Wednesday afternoon and whatever news may come out. The FOMC minutes, at least, should reinforce the idea that the Fed is not yet done hiking interest rates. The takeaway here is that mortgage rates are going to be pushing 10% in 2023 and will have a deep and resounding impact on the broader economy. Featured: The Secret to Finding Breakout Stocks (eBook Inside!) (Ad) 
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Ardelyx, Inc. (NASDAQ: ARDX) is a clinical-stage biopharmaceutical company whose primary focus is the discovery, development, and commercialization of new, innovative, and non-systemic, small-molecule therapeutics specifically targeting gastrointestinal, metabolic, and cardio-renal diseases.
Sinc... 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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Politics | | | Stocks slipped on Wall Street in afternoon trading Monday to kick off a holiday-shortened week.
The S&P 500 was down 0.3% as of 3:04 p.m. Eastern. The tech-heavy Nasdaq composite fell 1%.
The Dow Jones Industrial Average rose 4 points, or less than 0.1%, to 33,748. ... Read the Full Story |
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Politics | | | American consumers and nearly every industry will be affected if freight trains grind to a halt next month.
One of the biggest rail unions rejected its deal Monday, joining three others that have failed to approve contracts over concerns about demanding schedules and the lack of paid ... Read the Full Story |
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From Our Partners | | Over a year ago, I went LIVE to reveal a brand new setup called “Automated Options” to the world — where all we needed to do was place a quick trade…
Wait for a couple of weeks…
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After showing my closed group of traders how to leverage this setup to find opportunities in any market condition…
I set out to look for a better, more straightforward way to target extra income in a fraction of time…
And what I found didn’t only help me supercharge these automated options…
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The best part?
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And if everything works out just as planned, you could walk away with extra cash in less than 24 hours!
Take March 19th for example.
If you had known about these overnight opportunities, you would’ve placed a quick trade with me…
And sure enough, it would’ve paid out $1,086 in overnight income. | | If you follow this link, you’ll see everything she has laid out, |
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Tech | | | Consumers could quickly start seeing higher gas prices and shortages of some of their favorite groceries if railroads aren’t able to agree on contracts with al 12 of their unions ahead of next month’s deadline after the latest rejection vote Monday Read the Full Story |
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Markets | | | Bob Iger, the enterprising entertainment executive who brought Star Wars, Pixar and Marvel under the Disney marquee and challenged the streaming dominance of Netflix, will replace his handpicked successor, CEO Bob Chapek, whose two-year tenure has been marked by clashes, missteps and a weakening financial performance Read the Full Story |
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From Our Partners | | They said digital dollars were off the table. But with the GENIUS Act now federal law, private corporations—not the government—have been handed control of a new class of programmable money.
It’s not called a CBDC, but it acts just like one. Your spending could be tracked, limited, or even frozen—whether you opt in or not. Once this system becomes the default, escape won’t be easy. | | Get the free info kit with 3 ways to protect your money before control kicks in. |
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The online gambling industry is the 10th hottest industry in the US in 2022 and that is saying something. This industry is small at roughly $11 billion in value but growing rapidly and up 45% on a YOY basis as of late November. The industry is expected to continue to grow at a high-double-digit CA... Read the Full Story |
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Global online marketplace Alibaba Group Holding Ltd. (NYSE: BABA) posted its most recent quarter on November 17 and the results were mixed. While some investors may have been okay with the lukewarm report, the stock took a tumble and is now 75% lower than its all-time high ($317.14 in October 2020... Read the Full Story |
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Politics | | | Ukrainian authorities have begun evacuating civilians from recently liberated sections of the Kherson and Mykolaiv regions, fearing that a lack of heat, power and water due to Russian shelling will make living conditions too difficult this winter. The World Health Organization concurred, warning tha... Read the Full Story |
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The Walt Disney Company (NYSE:DIS) energized what is normally a quiet trading week by announcing the ousting of CEO Bob Chapek and the return of former CEO Bob Iger. The stock is up over 6% in midday trading. However, it was up over 9% in pre-market trading.
The news comes less than a year... Read the Full Story |
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NVIDIA Corporation (NASDAQ: NVDA) is no stranger to comebacks. In the fourth quarter of 2018, the artificial intelligence (AI) chipmaker’s shares were slashed by 52% amid fears of rising interest rates, a global economic slowdown and cryptocurrency issues.
Sound familiar?
In the... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise. It offers its products through stores and e-commerce sites. The TJX Companies, Inc. was incorporated in 1962 and is headquartered in Framingham, Massachusetts. | | View Today's Stock Pick |
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