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: Sell these "safe" blue chips immediately (Ad) 
|
Consumer Discretionary | |
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 |
|
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 |
|
Consumer Discretionary | |
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 |
|
Consumer Discretionary | |
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 |
|
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 |
|
Consumer Discretionary | |
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 |
|
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 |
|
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 |
|
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 |
|
Consumer Discretionary | |
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 |
|
Healthcare | |
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 |
|
Consumer Discretionary | |
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 |
|
Industrials | |
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 |
|
Friday's 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 |
|
