Good MorningThe major indices fell for a fourth day on Wednesday setting new lows in the process. The S&P 500 closed near the low of the session with a decline of 1.84% and below the key 4,300 level. With the index at this new low, the odds of a much deeper decline have risen. The next key line in the sand is at the low of Wednesday's session and, if broken, investors can look forward to another 200 point decline in the broad market.
The next key test for the market will come on Friday with the release of the PCE price index. The index is the Fed's favored tool for measuring consumer-level inflation and it is expected to be hot. The takeaway here is the fundamental conditions on which the market rally is based are about to be changed at a more aggressive rate than anyone thought possible. The risk for the market is tremendous. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
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Consumer Discretionary | |
Tailwinds Diminish, Headwinds Grow For Wayfair
Wayfair (NYSE: W) was one of the most exciting plays of the post-pandemic world but now that story is played. The two things that are abundantly clear in the Q4 results are that 1) the COVID tailwinds are no longer blowing and 2) the headwinds are m... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Consumer Staples | |
Keurig Dr. Pepper Earnings Fall Flat
Shares of Keurig Dr. Pepper (NASDAQ: KDP) have been riding higher on a wave of revenue and earnings driven by post-pandemic spending and the completion of the company’s merger obligations. Those obligations have now been met and with results that have ex... Read the Full Story |
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Consumer Discretionary | |
The TJX Companies Confirms Support At Bottom Of Range
The TJX Companies (NYSE: TJX) is a great example of what a buying opportunity looks like. The company gave a lackluster report and sent shares through the floor but buyers were quick to step in and reverse the action. More importantly, the pr... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Discretionary | |
Camping World Falls For No Good Reason
Shares of Camping World (NYSE: CWH) are falling for no good reason other than the acceleration of growth sparked by the pandemic has peaked. The business is failing and it hasn’t stopped growing but YOY growth is slowing on a quarterly basis and the o... Read the Full Story |
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Industrials | |
We often hear about the ‘Goldilocks’ economy as being the ideal scenario for U.S. economic growth. Not so hot that inflation boils over, and not so cold that growth is anemic. The term could also apply to the world of stock investing.
Many investors consider the U.S. mid-cap space to... Read the Full Story |
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From Our Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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Finance | | Discount broker Charles Schwab (NYSE: SCHW) stock has weathered the market sell-off relatively unscathed as shares have been trading in a 10-point range. The Q4 2021 earnings report revealed a shortfall in revenues stemming from lower trading revenues. The sharp collapse in meme and momentum stocks ... Read the Full Story |
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Markets | |
Preferred stocks aren't exactly stocks, but they aren't exactly bonds, either. They linger on the spectrum somewhere between the two. However, in a volatile world (especially if you're inching nearer to retirement) you may want to lean on something different. Read: Check out preferred stocks as a ... Read the Full Story |
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Markets | | Online pet products and services platform Chewy, Inc. (NASDAQ: CHWY) stock rocketed up to $120 from $21.68 lows during the pandemic as stay at home mandates favored contactless delivery of pet supplies. The reopening phase has seen its shares sell-off coupled by the sell-off in the benchmark indexes... Read the Full Story |
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Technology | |
Market Weakness Can Offer Great Buying Opportunities
Making the decision to buy a stock during a volatile period in the market can certainly be rewarding. After all, adding shares into overreactions and sharp declines offers an opportunity to gain exposure to top-notch companies at prices that mi... Read the Full Story |
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Markets | |
Is Now The Time To Buy Tempur Sealy International?
Shares of Tempur Sealy International (NYSE: TPX) tanked 20% in the wake of the Q4 earnings report and we can’t for the life of us fathom the reason why. The short interest is a tad high at 5% but not so high as to spark such a deep decline... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states. Approximately 77% of ILPT's annualized rental revenues as of December 31, 2023 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. | | View Today's Stock Pick |
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