Good MorningEquities resumed their decline on Thursday following weaker than expected results from FAANG stocks Facebook and Amazon. Facebook led the fall with a 20% plunge that puts the stock deep into correction territory. The biggest takeaway from the reports is that COVID-19 induced tailwinds are no longer blowing. The S&P 500 fell nearly 2.5% at the end of the session with the NASDAQ Composite down 3.75%.
Friday's trading will be all about the Non-Farm Payroll report. The report is expected to be much weaker than first speculated due to the weak ADP report on Wednesday. If the report confirms the market's fears the selloff could deepen. The best-case scenario is a retest of the recent lows followed by another rebound. The Worst-case is that support will fail and the market will enter a prolonged contraction that could wipe another 20% of value off the books. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Auto/Tires/Trucks | |
Near-Term Headwinds Send Ford To 4-Month Low
Shares of Ford (NYSE: F) are down in the wake of the Q4 earnings report and we are cheering the move. The decline has the stock trading at a 4-month low and levels almost too good to pass up with the long-term outlook for car sales and EV the way that... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
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Transportation | |
Having been among the quickest of the airlines to get their shares back to pre-pandemic levels, Southwest Airlines (NYSE: LUV) have struggled to keep the momentum in recent months. Their stock’s recovery peaked at the start of last summer, and shares have fallen as much as 40% in the meantim... Read the Full Story |
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Basic Materials | |
These Lesser-Known Stocks Are Poised to Outperform
It’s easy for investors to get caught up in the most high-profile companies in the market. After all, these big names have delivered massive gains over the long term and make up a massive portion of equity indexes. With that said, it can al... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Markets | |
More than 400 new exchange-traded funds (ETFs) were launched last year. According to Morningstar, new funds hauled in approximately $800 million as the popularity of the one-size-fits-all investment vehicle continued to soar in 2021.
That momentum is expected to carry over into 2022. Experts say ... Read the Full Story |
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Markets | |
Newzoo, a gaming market and analytics firm, estimated that the gaming market generated revenue of $177.8 billion last year, which reflects a jump of 23.1% year-over-year.
Video games showed up in arcades in the 1960s at malls or local convenience stores. The 1970s propted PCs on a wider scale and... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Consumer Staples | |
Hershey Company Rises On Price Increases
Hershey Company (NYSE: HSY) is no bad investment but it is one of the higher-valued stocks in the consumer staples group. The stock trades at roughly 27X its forward earnings but you do get a lot for what you pay for. The Hershey Company is one of the bes... Read the Full Story |
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Technology | | Global satellite communication provider Iridium (NASDAQ: IRDM) stock has been coming back down to earth since peaking at $54.65 a year ago. The provider of mobile voice and data communications services to enterprises, governments, and consumers globally. The Company is a play on mobility which has b... Read the Full Story |
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Technology | |
Lumentum Holdings, It’s Always Darkest Before The Dawn
Institutions have been selling shares of Lumentum Holdings (NASDAQ: LITE) recently and, based on the outlook for Q3 results, we are not surprised. The net of activity over the last 12 months is been $0.23 billion in favor of the bears w... Read the Full Story |
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Consumer Discretionary | |
High-yield, Deep-value Snap-on Looks Buyable At These Levels
Shares of Snap-on Incorporated (NYSE: SNA) lost their luster in the second half of 2021 but those times may be over. After bobbing along at the $215 level for the last 8 months the company is presenting a deep-value/high-yield combinat... Read the Full Story |
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Industrials | |
W.W. Grainger Is Everything An Investor Could Want
W.W. Grainger (NYSE: GWW) is a highly-valued stock but you get a lot for what you pay for. Trading at 25.5X its forward earnings estimate it is well above the broad market average but this is a blue-chip stock we’re talking about, and one ... Read the Full Story |
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Friday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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