Good MorningEquity markets held their ground on Tuesday following the 5th consecutive day of decline. The move is promising but not a sign of bottoming so investors are cautioned not to read into it too much. At best, the S&P 500 is making a brief pause on its way back to retest recent lows and those lows could be reached very soon. The risk for investors is the S&P 500 will move below the 3,550 level and open the door to an even bigger decline.
The next major hurdle for the market will be the Q4 earnings reporting season which will begin in mid-January. As it is, analysts are expecting to see S&P 500 earnings shrink more than 2.5% versus last year and the consensus estimate is falling. the risk is that outlook for Q1 and Q2 2023 will take a hit as well and that will bring the S&P 500 down with it. Featured: AI Meltdown Imminent: Dump These Stocks Now! (Ad) 
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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... Read the Full Story |
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Stocks | | | Stocks are edging higher on Wall Street, while bond markets around the world feel pain after a surprise move from Japan’s central bank cranked the pressure even higher on the already slowing global economy Read the Full Story |
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Stocks | | | Stocks closed modestly higher on Wall Street, while bond markets around the world felt pain after a surprise move from Japan’s central bank cranked the pressure even higher on the already slowing global economy Read the Full Story |
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Consumer staples giant Kellogg Company (NYSE: K) stock is having a great year, trading up +12% versus the S&P 500 (NYSEARCA: SPY) , which is trading down (-20%) for 2022. The high inflation and an uncertain economic climate have benefited consumer staples companies. Kellogg is well known ... Read the Full Story |
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Stocks | | | Shares were mixed in Asia on Wednesday after a modestly higher close on Wall Street as concerns over pressures on global growth tempered gains in the absence of major data releases.
Tokyo’s benchmark Nikkei 225 index slipped 0.2%, to 26,387.72, a day after the Bank of Japan gave in t... Read the Full Story |
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The ongoing saga of meme stock AMC Entertainment Holdings Inc (NYSE: AMC) has captivated traders for the past two years. But its fortunes are linked to those of other companies, such as little-known real estate investment trust EPR Properties (NYSE: EPR).
AMC shares are down 82% in 2022.&nb... Read the Full Story |
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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.
In... Read the Full Story |
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Markets | | | Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts Read the Full Story |
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Markets | | | Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts Read the Full Story |
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General Mills (NYSE: GIS) has been advancing on solid performance driven by its Accelerate strategy. The strategy is focused on brand innovation, portfolio strength and operational capabilities, and it is paying off. The FQ2/CQ4 results prove that not only is the company able to grow in adverse co... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts. | | View Today's Stock Pick |
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