Good MorningEquities reversed course again on Thursday as geopolitical tensions came back to a simmer. The crisis in Ukraine is at the heart of events and it could boil over at any time. Conflicting reports have each side shooting at the other and nothing confirmed. The takeaway for the market is that this crisis is not going away and that it will likely impact market action over the next week if not longer.
In economic news, jobless claims rose more than expected and counter to seasonal expectations while on the housing front, permits and starts were a mixed bag showing the impact of high demand and tight supply. Friday's market action will likely be driven by the index of leading indicators which is expected to show cooling from the previous month. The S&P 500 is down about 8.3% from its all-time high and within striking distance of setting a new low. If the index falls below 4,300 it could easily shed another 500 points within days. Featured: The case for trading fewer setups, not more (Ad) 
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Consumer Discretionary | |
Buy The Downdraft In Draftkings
Shares of Draftkings (NASDAQ: DKNG) are plunging in the wake of the Q4 earnings release but we think this is the time to buy the stock. The plunge is driven by the guidance which is expecting revenue growth but a wider than anticipated loss on the bottom line. Th... 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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Medical | |
In the world of stock investing, there is capital appreciation and then there is income. The former is a fancier term for the growth component of an equity investment. The latter refers to the dividend payments that some companies make to shareholders.
Wouldn’t it be great to have your cake... Read the Full Story |
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Technology | | Electronics manufacturer Celestica (NYSE: CLS) stock has shown exceptional relative strength trading up nearly 10% for 2022. Celestica is outperforming the benchmark indexes and is poised to breakout higher. The Company is thriving during the supply chain and logistics disruption as it provides sour... Read the Full Story |
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From Our Partners | | Washington has taken an ownership stake in Intel, carved out a cut of Nvidia's and AMD's chip sales, and reportedly fielded an offer to own 5% of the largest AI company on the planet. The government is shifting from referee to shareholder in the most important technology race of the century.
When the rules change, the winning trades change with them. Some blue chips sitting in your index fund are now on the wrong side of this shift - while a select group of companies pulled into the new arrangement may be treated like national treasures. | | Watch the documentary to see which stocks to buy and sell now |
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Technology | |
The latest earnings report confirms that PLTR stock is a buy for only the most patient investors
Palantir (NYSE:PLTR) picked the wrong day to disappoint on earnings. PLTR stock is down over 11% after the big data company’s earnings per share came in lower than expected. This was more than ... Read the Full Story |
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Retail/Wholesale | |
Supply Chain No Issue For Walmart
Price action in Walmart (NYSE: WMT) trended strongly higher in the wake of the pandemic but hit a top last year that resulted in reversal. This reversal, as so many are, altered the trend from up to sideways putting the stock in a firm trading range. Now, more t... 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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Technology | |
Accelerating Demand Drives NVIDIA To Record Results
NVIDIA (NASDAQ: NVDA) shares moved lower in the wake of the company’s very strong Q4 results because concern over margins emerged that we think is entirely overblown. The company expanded margin and produced record-setting results for Q4 ... Read the Full Story |
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Auto/Tires/Trucks | |
Allison Transmission Moves Higher On Strong Guidance
Allison Transmission (NYSE: ALSN) is a tightly held company with institutional ownership near 99%. The other 1.1% of the stock is held by the insiders, insiders who aren’t selling, so there are few shares simply floating around waiting to... Read the Full Story |
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Construction | |
If you, like me, planned to pour a driveway this year, you might want to rethink your plans. Asphalt and concrete prices continue to skyrocket, which means you'll pay more for pavement and parking lot repair. Some road projects have ground to a halt and have led many homeowners to seek other ways ... Read the Full Story |
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Medical | |
Like most industries, the global medical devices industry suffered a major setback due to the pandemic. As containing the coronavirus became priority number one, surgeries and other procedures were delayed leaving little need for hospitals to order new medical devices.
Things improved dramaticall... Read the Full Story |
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Markets | | Shares of social media titan Twitter (NYSE: TWTR) are up more than 12% since the end of last month, and have had more green days in the three weeks since than their stock has had since last summer. That was shortly after shares hit an all time high and investors were expecting them to crack on with ... Read the Full Story |
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Friday's Early Bird Stock Of The Day PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. This segment sources residential conventional and government-insured or guaranteed mortgage loans through correspondent production, consumer direct lending, and broker direct lending. The Servicing segment performs loan servicing for both newly originated loans that are under holding for sale and loans services for others. The segment performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; responds to customer inquiries; provides accounting for principal and interest; holds custodial funds for the payment of property taxes and insurance premiums; counsels delinquent borrowers; and supervising foreclosures and property dispositions, as well as administers loss mitigation activities, such as modification and forbearance programs. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. The company was founded in 2008 and is headquartered in Westlake Village, California. | | View Today's Stock Pick |
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