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: The case for trading fewer setups, not more (Ad) 
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Consumer Discretionary | |
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.
AMC h... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Consumer Discretionary | |
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 for i... Read the Full Story |
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Consumer Staples | |
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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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Auto/Tires/Trucks | |
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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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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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Retail/Wholesale | |
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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Medical | |
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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Medical | |
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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Auto/Tires/Trucks | |
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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Aerospace | |
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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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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