Good MorningEquities started the week on shaky footing and it looks like there will be no Santa Rally this year. The S&P 500 shed more than 1.0% at the low of the da making this the 5th consecutive day of selling and putting the index at the lowest level in over a month. Simply based on the chart action, it looks like the market made a quick about-face when it reached the 4,100 level in early December and now the selling is gaining momentum.
The driver of the move is inflation, the FOMC and the belief a recession is on the way. the takeaway for investors is the FOMC will have to curb economic activity in order to stop the growth of inflation and that can only lead to recession. In this light, the S&P 500 may not only retest the lows near 3,600 but continue downward well into next year and eventually retest the pandemic-induced lows of 2020. Featured: Gold Investors Watch This Century-Old Warning Signal Return (Ad) 
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Consumer Discretionary | |
One company that’s been in the headlines lately is Elon Musk’s “other” company Tesla, Inc. (NASDAQ: TSLA). The stock is down 57.35% so far this year, with many analysts attributing at least part of the decline to Musk being distracted with his purchase of Twitter.
Investo... Read the Full Story |
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From Our Partners | | The U.S. Army and Department of Energy are launching Project Janus - a high-priority initiative ordered by President Trump to deploy a revolutionary new fuel. The first powerplant running this fuel is expected to go live before December 18, 2026.
One obscure defense contractor already has a five-year head start on every competitor. The name, ticker symbol, and full story are being revealed at no cost. | | Click here to get the stock name, ticker, and full Project Janus details free |
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Industrials | |
It’s been a rough year for many stocks. And that includes several stocks that outperformed the market in 2021. One strategy that forward-thinking investors employ is to look for oversold stocks. One way to identify such stocks is by looking at a stock’s relative strength indicator (RSI... Read the Full Story |
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Consumer Discretionary | |
Online pet products and services retailer Chewy, Inc. (NASDAQ: CHWY) stock has nearly doubled off its May 23, 2022, low of $22.22. The pandemic helped accelerate e-commerce usage and pet ownership, which are Chewy's wheelhouse. Once a pet is adopted or acquired, it has essential needs, including f... Read the Full Story |
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From Our Partners | Small caps do not get Goldman coverage or a CNBC segment. They get Reddit. For a $200M market cap company, a viral thread on WSB or r/pennystocks can be the leading indicator before the price moves.
AltIndex 2.0 watches Reddit live across WSB, r/pennystocks, r/smallcapstocks, and 30+ other subs for every NYSE and Nasdaq ticker. New in 2.0: a 0-100 portfolio grade, AI ideas built on your holdings, and direct integration with ChatGPT or Claude. | | Start your free 7-day AltIndex trial and track Reddit sentiment now |
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Healthcare | |
Heading into the week before Christmas, the United States Food and Drug Administration flagged Eli Lilly & Co. (NYSE: LLY) for a shortage of their new diabetes drug, Mounjaro. They are also having supply issues with their previous diabetes medicine, Trulicity, which is the pharmaceutical compa... Read the Full Story |
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Healthcare | |
If you want to know why Madrigal Pharmaceuticals (NASDAQ: MDGL) is up 200% in one day, it's because the company released the results of a late-stage trial for one of its compounds. The compound, resmetirom, is intended for treating liver ailments and has been found to be effective in treating non-... Read the Full Story |
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From Our Partners | | Seven small gold miners - MAG Silver, Reunion Gold, Calibre Mining, Probe Gold, Rupert Resources, Loncor Gold, and G2 Goldfields - were acquired by major producers, with gains ranging from 56.6% to 1,228.6%.
Golden Portfolio's Garrett Goggin, CFA, CMT, held every one of these names before the buyouts happened. Major miners face shrinking output and record cash reserves, forcing them to acquire the small companies holding the assets they need. | | See the three gold miners Goggin expects majors to target next. |
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Consumer Discretionary | |
The RV industry may not seem like the best choice for inflation-weary investors. Still, the story within the industry is one of sustained profitability, normalization, and dividends more than anything else. While the slowdown in RV business related to the pandemic-induced spike in demand is the fo... Read the Full Story |
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Industrials | |
The world’s largest aircraft manufacturer, The Boeing Company (NYSE: BA) stock, was piledriven over (-75%) off its highs at $446.01 in 2019 by the 737 MAX tragedies and the COVID-19 pandemic. However, the Company and the stock have since been in a turnaround recovery mode as shares trim thei... Read the Full Story |
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Technology | |
Gone are the days when large-cap semiconductor stocks like Nvidia Corporation (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NASDAQ: AMD) were riding high on pandemic-era demand for electronics gear, combined with chip shortages. Industry peer Intel Corporation (NASDAQ: INTC) didn't fare as well ... Read the Full Story |
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Communication Services | |
The world’s most prominent movie theater chain AMC Entertainment Holdings, Inc. (NYSE: AMC) stock has fallen (-67%) for the year, and its AMC Preferred Equity Units (NYSE: APE) shares have fallen over 90%. The meme stock craze of 2021, which includes the likes of GameStop Corp. (NYSE: GME) a... Read the Full Story |
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Consumer Discretionary | |
Domino’s Pizza, Inc. (NASDAQ: DPZ) has failed to deliver for investors in 2022. As a result, the stock is down more than 33%. That’s significantly higher than the S&P 500 index, which posts a 19% yearly loss.
The company has faced rising ingredient costs and difficulty finding d... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The company operates in three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; raman spectroscopy; cell analysis plate based assays; flow cytometer; real-time cell analyzer; cell imaging systems; microplate reader; laboratory software; information management and analytics; laboratory automation and robotic systems; dissolution testing; and vacuum pumps, and measurement technologies. The Diagnostics and Genomics segment focuses on genomics, nucleic acid contract manufacturing and research and development, pathology, companion diagnostics, reagent partnership, and biomolecular analysis businesses. The Agilent CrossLab segment provides GC and LC columns, sample preparation products, custom chemistries, and laboratory instrument supplies; and offers services portfolio, including repairs, parts, maintenance, installations, training, compliance support, software as a service, asset management, and consulting services. The company markets its products through direct sales, distributors, resellers, manufacturer's representatives, and electronic commerce. Agilent Technologies, Inc. was incorporated in 1999 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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