Shares of Cosmos Holdings (NASDAQ: COSM) stock are up 618% in November. This penny stock has gone from trading for actual pennies per share to 68 cents per share at the time of this writing. The company has had some favorable news to report. But this has all the earmarks of a short squeeze.  ....
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The Early Bird Newsletter
The Early Bird Newsletter

Thursday, December 1st

Good Morning

Equities ended the month of November on solid footing boosted by remarks by Fed chief Jerome Powell. Mr. Powell signaled the FOMC may shift its stance as soon as the next meeting and slow the pace of interest rate hikes. While the market cheered the news the takeaway is that inflation is still running hot and underpinned by rising wages. In this light, the pace of hikes may have slowed but it is not going to end any sooner than previously indicated. The risk now is that inflation will only subside moderately and prolong the time it takes for the FOMC to do its job.

Today's news may alter the entire FOMC outlook once again so don't be surprised if the market makes an about face. The PCE price index is expected to cool from the previous month but may not have cooled as much as expected. Regardless, the index is expected to support the current outlook for interest rate hikes which is having a negative impact on the outlook for S&P 500 earnings. While this dynamic is overshadowing the market no rally should be trusted.

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Markets

Cosmos Holdings May be a Long-Term Buy with Short-Term Risk

Shares of Cosmos Holdings (NASDAQ: COSM) stock are up 618% in November. This penny stock has gone from trading for actual pennies per share to 68 cents per share at the time of this writing. The company has had some favorable news to report. But this has all the earmarks of a short squeeze.  ...

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From Our Partners

China Threatens U.S. Defense and Economic Security

China doesn't need to fire a single shot to dominate America. Instead, it can ban exports of critical minerals the U.S. needs for high-tech military weapons and green and mobile technologies. China controls up to 90% of these markets. It's a National Emergency and an opportunity for investors to jump on the next boom of mining companies exploring in the U.S.

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Markets

Santa Claus Rally? Here’s What Needs to Happen

Updated: Federal Reserve Chairman Jerome Powell confirmed Wednesday, Nov 30, that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate.We are approaching that time of year when the stock market gets into a holiday mood tr...

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Stocks

Dark Clouds Are Gathering For Cloud Stocks 

Results from Crowdstrike (NASDAQ: CRWD) and NetApp (NASDAQ: NTAP) have brought dark clouds to the cloud-stock universe. While both companies had good CQ3 periods the outlook for the rest of the year is gloomy indeed. The news has both stocks down double digits but this may be an opportunity. Analy...

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From Our Partners

Crypto Comeback Ahead -- Buy This Now

Good news -- the crypto market is poised for a roaring comeback. Some people are rushing to buy Bitcoin and Ethereum. If you're one of them -- pay attention. One of the world's "most sought after" crypto analysts, Charlie Shrem just revealed a far better crypto buy... One set to generate $544 trillion of new wealth in the coming years. Best of all, this crypto is still trading for under $15.

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Politics

China's Xi discusses trade, Russia, Taiwan with EU's Michel

China says president and ruling Communist Party leader Xi Jinping was holding talks Thursday with visiting European Council President Charles Michel in Beijing, amid frictions over trade, Russia and Taiwan. The official Xinhua News Agency gave no details about the discussions Thursda...

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Politics

House votes to avert rail strike, impose deal on unions

The U.S. House moved urgently to head off the looming nationwide rail strike on Wednesday, passing a bill that would bind companies and workers to a proposed settlement that was reached in September but rejected by some of the 12 unions involved. The measure passed by a vote of 290-13...

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From Our Partners

“The Bull Market Is Officially OVER” 

Bear market expert issues his top 10 stocks for 2023

Click here for the name and ticker of the #1 stock

Markets

Hormel: Is This The Time To Buy?

For those who’ve balked at Hormel’s (NYSE: HRL) high valuation the time to buy may be at hand. The company’s FQ4 results were weak and came with weak guidance that has this Dividend Aristocrat down at the lowest levels in weeks and trading near the 2022 lows. While the earnings r...

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Politics

Australian jailed in Myanmar applauded in Parliament

Sean Turnell, an Australian economist who spent almost two years imprisoned in Myanmar, received a hero’s welcome Thursday at Australia’s Parliament House where lawmakers rose in a standing ovation and the prime minister praised his courage, optimism and resilience. Turnell, an advise...

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Politics

Hong Kong publisher Lai faces Security Law in delayed trial

Jimmy Lai broke into Hong Kong's rambunctious media world 30 years ago armed with the belief that delivering information equates with protecting freedom. Lai's own freedom is at stake as he fights charges of endangering national security as former publisher of his now-defunct pro-dem...

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Markets

AP source: Rose Bowl clears way for 12-team CFP in 2024

Rose Bowl game organizers cleared the way for the College Football Playoff to expand to 12 teams starting in the 2024 season, informing CFP officials Wednesday they are willing to alter agreements to accommodate a new format to decide the national champion. A person with knowledge of ...

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Markets

Will Easing Of Covid Rules Slash Risk For Chinese EV Maker NIO?

China-based electric vehicle maker NIO (NYSE: NIO) powered more than 19% higher Wednesday. Shares were trading at $12.51 with an hour left in the session.  NIO, along with other Chinese EV manufacturers, rose in tandem with XPeng (NYSE: XPEV), which reported a third-quarter loss of $0.36, me...

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The Early Bird Stock Of The Day

Thursday: Stock With Recent Earnings Beat

First Wave BioPharma, Inc.

First Wave BioPharma, Inc.

First Wave BioPharma, Inc., a clinical-stage biopharmaceutical company, engages in the research and development of targeted and non-systemic therapies for the treatment of patients with gastrointestinal diseases. Its product candidates include niclosamide, an oral small molecule with anti-viral and anti-inflammatory properties; and the biologic adrulipase, a recombinant lipase enzyme designed to enable the digestion of fats and other nutrients. The company develops FW-COV, which is in Phase II clinical trials for the treatment of severe acute respiratory syndrome coronavirus 2 gastrointestinal infections; FW-UP, which is in Phase II clinical trials for the treatment ulcerative proctitis and ulcerative proctosigmoiditis; FW-ICI-AC for immune checkpoint inhibitor-associated colitis and diarrhea in advanced stage oncology patients; and FW-UC, which is in Phase Ib/IIa clinical trials for the treatment of ulcerative proctitis and ulcerative proctosigmoiditis. It also develops FW-CD, which has completed Phase I clinical trials for Crohn's disease; and adrulipase, an oral, non-systemic, and biologic capsule for the treatment of exocrine pancreatic insufficiency in patients with cystic fibrosis and chronic pancreatitis. The company was formerly known as AzurRx BioPharma, Inc. and changed its name to First Wave BioPharma, Inc. in September 2021. First Wave BioPharma, Inc. was incorporated in 2014 and is headquartered in Boca Raton, Florida.

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