Good MorningEquity markets reversed Monday's decline and moved up to set a new multi-week high on Tuesday despite a round of lackluster earnings reports. While the bulk of S&P 500 companies that have reported are beating their estimates the margin of outperformance is the lowest it's been since well before the pandemic began and the guidance is weak. Names like Johnson & Johnson with heavy exposure to international markets are reporting dollar-related headwinds on top of ongoing supply-chain and inflationary issues. The takeaway is the outlook for earnings in Q3 and Q4 is in decline and will most likely bring the market down with it.
On the economic front, the Housing Starts and Permits data was mixed and points to a slowdown in activity. While the starts figure was better than expected Housing Starts declined from the previous month and permits were weak suggesting the impact of rising rates is already being felt. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Retail/Wholesale | |
Shares of Alibaba Group (NYSE: BABA) have been sold off recently following fines from Chinese regulators for disclosure violations. After the fines were issued, Alibaba's shares dropped by 15%. The company's performance YTD is -12.26%, but some investors believe that the stock could end up rebound... 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.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Medical | |
The global cannabis industry is widely considered one of the biggest investment opportunities of the decade.
According to BDSA, increased legalization of both medical and recreational cannabis use led consumers to spend more than $25 billion in 2021. By next year, the once-fringe market is forec... Read the Full Story |
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Markets | | Ford (NYSE: F) may be in “buy the dip” mode, judging by its year-to-date decline of 38.42%.
Since rebounding from its July 5 session low of $10.61, the stock is up 18.66%. Does that mean the stock has bottomed and it’s time to jump back into the driver’s seat?
Not so fast.... 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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Medical | |
A growing dividend and expanding pipeline are two reasons to invest in ABBV stock
AbbVie (NYSE: ABBV) is a conventional stock for unconventional times. And that’s exactly why it makes sense to add or hold in your bear market portfolio. The company offers a stable and growing dividend that ... Read the Full Story |
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Retail/Wholesale | |
The Analysts Like These Consumer Stocks, And We Do Too
The outlook for consumer spending is getting darker by the day but the bad news is not universal. While some companies are poorly positioned in regards to inflation, interest rate hikes, and the combined impact on consumer spending there are... 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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Business Services | | Digital payments platform PayPal, Inc. (NASDAQ: PYPL) shares have fallen (-62%) on the year and back below its 2020 pandemic lows. The Company enjoyed accelerated growth during the pandemic but now continues to see its stock deflate coming out of the pandemic and into a possible global recession. Th... Read the Full Story |
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Industrials | |
Nothing's a sure bet, but Deere & Company (NYSE: DE) has looked promising despite myriad economic and other challenges. The company predicted that it would produce a net income of between $6.5 billion and $7 billion in the fiscal year 2022. But is that enough of a reason to invest in the name ... Read the Full Story |
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Consumer Discretionary | |
Diversified Hasbro Widens Margins And Guides Favorably
Hasbro (NASDAQ: HAS) is not immune to the issues plaguing the market today but it is outperforming what we’ve seen so far this earnings cycle and in more ways than one. The key takeaways from the report are that revenue is growing, the... Read the Full Story |
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Business Services | |
Mixed Results Lead ManpowerGroup Lower
ManpowerGroup (NYSE: MAN) certainly had a mixed quarter but the news is more bullish than not. While the revenue and earnings both fell short of the Marketbeat.com consensus estimates margins widened, cash flow was strong, shares were repurchased, and the d... Read the Full Story |
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Technology | |
Meta Platforms (NASDAQ: META) is underperforming analysts' expectations, and various analysts and investment banks have slashed their price targets. The stock currently has a 75.85% upside to the MarketBeat consensus price target and holds its analyst rating of a moderate buy. The main criticism t... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Weis Markets, Inc. engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products. It operates stores in Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and West Virginia primarily under the Weis Markets name, as well as Weis, Weis 2 Go, Weis Great Meals Start Here, Weis Gas-n-Go, and Weis Nutri-Facts. Weis Markets, Inc. was founded in 1912 and is based in Sunbury, Pennsylvania. | | View Today's Stock Pick |
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