Good MorningEquity markets went on a wild ride on Wednesday moving both upwards and downwards multiple times during the session driven by expectations for and then actions from the FOMC. The FOMC raised interest rates by the expected 75 basis points but gave some commentary that is more hawkish than expected. The Fed's chief Jerome Powell says the committee will hike rates by at least another 160 basis points before they are through and the takeaway is that rates could move even higher if inflation is not tamed. The S&P 500 closed down more than 1.50% on the news and appears to be headed for the June lows.
The fear for the market now is earnings focused. With inflation still out of control and FOMC on track to cause a major recession the expectation for earnings growth is in decline. At the pace estimates are falling, the Q4 reporting period could very well see earnings decline rather than grow. In that scenario, a move to the June lows may be the least the market should expect from the S&P 500. Featured: Boring, cheap, and paying 6% (Ad) 
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Consumer Staples | |
Target is managing through an earnings recession.
The retailer should be able to count on strong revenue, but it may not translate to earnings.
Dividend investors may still find the company’s dividend appealing.
Long before the words “earnings recession” became part of ... Read the Full Story |
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Consumer Discretionary | |
A screen of stocks the insiders are buying will turn up two fun names poised to benefit from the rebound in travel; Six Flags Entertainment Corporation (NYSE: SIX) and MGM Resorts International (NYSE: MGM). These companies have more than one thing in common as well and that is support from the ins... Read the Full Story |
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Healthcare | |
NVAX stock is down 16% this week bringing its 12-month loss to over 88%.
The company is struggling to meet revenue expectations from its Covid-19 vaccine candidate.
Demand for boosters is not likely to change the math in the short-term.
Novavax (NASDAQ: NVAX) was making news this week as... Read the Full Story |
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Industrials | |
W.W. Grainger Inc. (NYSE: GWW) is no stranger to dividends. In fact, the company trumpets an admirable 51-year record of dividend increases. Therefore, you may wonder whether this Fortune 500 industrial supply company should go on your list for solid dividend income. Is it a purebred among mongrel... Read the Full Story |
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Consumer Staples | |
General Mills is a value relative to its peers in the consumer staples group
The company reported $4.72 billion in net revenue for a gain of 4.0% over last year
General Mills not only delivered solid results for Q3 but also gave very favorable guidanc
General Mills (NYSE: GIS) is no awe-ins... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Consumer Staples | |
Procter & Gamble Company has increased its annual dividend in each of the last 66 years
Johnson & Johnson has raised its dividend every year since 1962.
The Coca-Cola Company marked the 60th consecutive year of dividend increases in February
Cal Ripken Jr.’s 2,632 consecutive ... Read the Full Story |
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Industrials | |
Southwest’s revenues are getting better thanks to pent-up travel demand
American Airlines regional subsidiaries announced a 50% pay hike for pilots
Delta Air Lines, Inc. returned to profitability in the June quarter
Have you ever been stuck on the runway while a mechanical issue is r... Read the Full Story |
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Communication Services | | To say streaming platform and hardware provider Roku (NASDAQ: ROKU) stock is having a bad year down (69%) would be an understatement. The Company went from six consecutive quarters of triple-digit growth and record profits to mounting losses and slowing growth in dramatic fashion as its shares peake... Read the Full Story |
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Consumer Discretionary | |
Ford reiterated its full-year earnings guidance
Ford expects to have about 40,000 to 45,000 vehicles in inventory at the end of the third quarter
Ford's current rating is “hold,” with a price target of $18.28
Ford (NYSE: F) crashed big on Tuesday, dropping more than 12% in tripl... Read the Full Story |
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Markets | |
The fine dining segment tends to hold up margins better than fast-casual restaurants
Ruth’s raised menu prices by 7%, which helped to improve margins
Shares are trading well below its average 17X forward earnings at 12X
Premium steak house operator Ruths Hospitality Group (NASDAQ: RUT... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of a capsule-based screening technology that utilizes ultra-low-dose X-rays to scan the inner lining of the colon for precancerous polyps, and other structural abnormalities in Israel. Its C-Scan system consists of C-Scan Cap, an X-ray scanning capsule for detection of suspected polyps; C-Scan Track, a disposable system attached to the patient's back through biocompatible adhesive skin patches; and C-Scan View software, a client/server-based application that enables procedure data download from the C-Scan Track, data analysis, and report generation. Check-Cap Ltd. was incorporated in 2004 and is based in Isfiya, Israel. | | View Today's Stock Pick |
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