Good MorningEquity markets continued to pull back falling for the 3rd day as fear of the FOMC intensifies. The CPI was cooler than expected and the FOMC gave the market what it wanted but it came with a string attached. That string was an expectation for inflation to remain hot in 2023 and for the peak of interest rates to be above 5.0% and for it to stay at the peak until 2024. This news means the pressure that is currently weighing on the economy will not only increase but it will remain in place for at least the next 13 months.
The takeaway is that a recession is closing in on the US economy and the S&P 500. Even without an actual economic recession the S&P 500 is about to enter an earnings recession that could last all of next year. In this light, the odds are high the S&P 500 will resume its downtrend and retest the lows near 3,500. If there is no improvement to the outlook by then the index could fall to a new low. Featured: 5 dividend stocks worth owning in any market condition (Ad) 
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Auto/Tires/Trucks | |
Elon Musk and his company Tesla (NYSE: TSLA), have been in the spotlight in recent months, particularly since he made Twitter private through a $44 billion acquisition.
Since first announcing his acquisition of the platform, Musk has sold $22.9 billion worth of Tesla stock. A large amount ... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Retail/Wholesale | |
A classic cup-with-handle base is often a precursor to a stock’s run-up, and retailer Tractor Supply Company (NASDAQ: TSCO) is forming exactly that type of consolidation.
The Tennessee-based company specializes in items for rural lifestyles, including hardware, supplies for livestock and d... Read the Full Story |
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Construction | |
Lennar Corporation (NYSE: LEN) has a lineup is on the higher end of the housing spectrum. Its balance sheet is in the best shape it has been in for years. The problem is not the supply-demand situation because that remains firmly in favor of all the homebuilders. The problem is in the near to midt... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Auto/Tires/Trucks | |
To say the EV startup world is a world of fly-by-night operations and high risk is a bit of an understatement but Mullen Automotive (NASDAQ: MULN) is proving not all EV companies are alike. The latest news is a purchase order from Randy Marion Auto Group which is not only a game-changing event but... Read the Full Story |
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Markets | |
One of the world’s leading entrepreneurs is describing inflation and the energy crisis like “two freight trains barreling at each other.” More on that in a moment.
But first, I’d like to remind you of an idiom attributed to Mark Twain that reads, “history doesn&rsquo... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Energy | |
Enterprise Products Partners (NYSE: EPD) has recently been on a wild ride. It has gone thru some stunning peaks and troughs and ended up 7.82% year to date. As a result, investors might wonder if its current stock price represents a good entry for buying shares.
So let's examine the bull and... Read the Full Story |
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Retail/Wholesale | |
Latin American e-commerce specialist MercadoLibre Inc. (NASDAQ: MELI) has only trended lower in 2022, and a new partnership could boost the stock.
Earlier this month, the chief financial officer of the Argentina-based company told Reuters that MercadoLibre would begin processing business payments... Read the Full Story |
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Medical | |
U.S. mid-cap stocks are on pace to outperform their large-cap peers for the second straight year. The S&P 400 is down 13% year-to-date, a roughly 400 basis points edge over the S&P 500.
Mid-cap land has long been regarded as the ‘sweet spot’ for equity investors. Companies are... Read the Full Story |
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Auto/Tires/Trucks | |
Updated - December 14, 2022– via InvestorWire – Mullen Automotive, Inc., an emerging electric vehicle (“EV”) manufacturer, announces today that it has entered into a definitive agreement with Loop Global Inc. ("Loop"), a full-service EV charging solution provider, to build ... Read the Full Story |
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Transportation | |
REV Group (NYSE: REVG) has been struggling with supply chain issues and economic woe just like everybody else but now the stock is ready to make a major reversal. The company’s Q4 results and guidance for the year were better than expected and supported by the company’s diverse operati... Read the Full Story |
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Friday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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