Good MorningThe rebound in equities continued on Wednesday but this is still not a buyable bottom for stocks. The move came despite some hawkish commentary from Fed Chief Jerome Powell who says the committee is committed to taming inflation. In his view, price stability is of the utmost importance to the economy which should be translated as "aggressive interest rate hikes are on the way". The scariest part of the commentary was his opinion a recession was possible. Given the lagging nature of the Fed's stance, we take this to mean a recession is already underway and it may be a bad one.
Thursday could be a wild ride for the market. Comments are due from at least four Fed members and any one of them could up the stakes for the economy. As it stands now, the odds of a recession are very high, the only question is how long deep will it be and how long will it last? Featured: This tiny piece of glass could be bigger than GPUs (Ad) 
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Healthcare | |
If there’s one silver lining about the bear market, it’s that income investors have higher dividend yields at their disposal.
While it’s hard to know if this week’s stock rebound will endure, we do know that many stocks remain significantly discounted. And that those that ... Read the Full Story |
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From Our Partners | | Deutsche Bank's research team projects gold could reach $8,000 per ounce by 2031, roughly 80% above current prices, as central banks continue shifting reserves away from the U.S. dollar.
It's not alone: JPMorgan sees $6,000 by year-end, Goldman Sachs $5,400, and UBS $5,900 by late 2026 - three major banks already forecasting gold above $5,000.
For retirees holding savings mostly in dollars, cash, or bonds, this shift could matter more than most realize. | | Download the free Wealth Protection Guide to see how you're positioned |
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Consumer Discretionary | | Specialty women’s intimate apparel retailer Victoria’s Secret (NYSE: VSCO) stock has cratered (-44%) in this year’s bear market. The Company was spun-off from the Limited Brands in 2021 with 1,400 retail locations under the Victoria’s Secret and PINK brands. The Company beat ... Read the Full Story |
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Markets | | Amusement park operator Six Flags (NYSE: SIX) stock has been trounced down (-49%) on the year. Business was severely impacted from the pandemic as an epicenter industry that experienced long periods of shutdowns. The reopening and elimination of social distancing mandates have enabled the Company to... Read the Full Story |
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From Our Partners | | For the first time in its history, PJM's power auction fell 6,623 megawatts short, sending the final bill to a record $16.4 billion.
That shortfall does not stay locked inside the auction. It is already showing up on power bills across the 13 states PJM serves.
Dylan Jovine has identified three names tied directly to who collects on that shortfall. | | See the three names Dylan Jovine is watching right now |
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Consumer Staples | | While the benchmark S&P 500 index has fallen as much as 13% since this time last month, shares of discount retailer Dollar General (NYSE: DG) have jumped 30%. So while many on Wall Street might never have shopped there, you can be sure they are sitting up, taking notice and starting to consider ... Read the Full Story |
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Industrials | |
Korn Ferry Beats, Raises Guidance And Hikes The Dividend
Korn Ferry (NYSE: KFY) is living proof that labor trends are strong and supported by robust tailwinds. The company’s positioning as an outsourcing/consulting/hiring firm has it well-positioned to benefit from these trends. While the ... Read the Full Story |
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From Our Partners | | Warren Buffett just handed Berkshire Hathaway to his successor. But before stepping down, he quietly made a move in a corner of the energy market Wall Street has largely ignored.
Whitney Tilson, the analyst CNBC dubbed The Prophet, says Buffett's final moves point to an energy shift about to catch the market off guard. | | See what Buffett's exit move signals for energy investors |
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Consumer Discretionary | |
Winnebago Is A Comfortable Way To Ride Out The Recession
Whether you believe a recession is coming is irrelevant, at least in the case of Winnebago (NYSE: WGO). The company’s branding, quality, and industry trends have it on a path of outperformance that could easily last into the end of 2... Read the Full Story |
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Materials | |
Potash is a mineral-rich salt mined from underground deposits formed millions of years ago. It plays a crucial role in farming, where it used in fertilizer to replace minerals that get depleted during the farming process. Potash stocks have benefited as supply constraints from the Russia-Ukraine c... Read the Full Story |
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Markets | | Theme park and entertainment company SeaWorld Entertainment (NYSE: SEAS) stock has sunk (-33%) for the year. The operator of SeaWorld and Busch Gardens theme parks has been in a recovery since the reopening after COVID lockdowns were pulled. Vaccinations have been the key to the rebound in attendanc... Read the Full Story |
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Consumer Discretionary | |
Last year, “buy the dip” was a highly effective trading strategy. Each time the stock market dipped lower, it ultimately charged to new highs.
In the U.S. mid-cap space, this lasted until November 2021. Since then the S&P 400 index has had plenty more dips. But like an unbalanced... Read the Full Story |
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Consumer Discretionary | | Athleisure apparel and footwear maker Lululemon (NASDAQ: LULU) stock is down (-28%) in the 2022 bear market despite stellar earnings performance. The popular retail fitness apparel brand is still firing on all cylinders despite the return of formalwear as consumers return back to work. The Company r... Read the Full Story |
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Thursday's Early Bird Stock Of The Day VNET Group, Inc., an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet. The company also provides server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the People's Republic of China. | | View Today's Stock Pick |
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