Good MorningEquity markets tried to regain their footing on Tuesday, but the outlook continues to sour, so do not read too much into the move. The FOMC chief Jerome Powell made remarks on Tuesday that point to more rate hikes than the market currently has priced in. If the committee follows through on this hint, interest rates could peak above 5.0% and remain above 5.0% until 2024, provided there is no recession in the interim.
The next big hurdle for the market will come on Friday with the twin releases of the CPI index and bank earnings. The index is expected to show cooling at the monthly and YOY levels but to remain hot relative to the FOMC's target of 2.0%. In this light, the market might expect the FOMC to possibly reduce the pace of interest rate hikes to a 25 basis point pace but to extend the timeframe for hiking into the second half of the year. Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | | Even if fully autonomous driving isn’t ready for the consumer marketplace, companies like Mobileye Global Inc. (NASDAQ: MBLY) are perfecting the technologies to make that a reality.
Mobileye, spun off from Intel Corporation (NASDAQ: INTC) in October, has been trending higher recently, with g... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Technology | |
Data aggregator Salesforce Inc. (NASDAQ: CRM) is in rally mode, notching gains in the past three sessions. The stock gapped up at the open Monday and ended the session 4.69% higher at $147.10.
The company started off the new year by announcing it would lay off 10% of its workforce. It’s no... Read the Full Story |
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Industrials | |
The Lockheed Martin Corporation (NYSE: LMT) ended 2022 with a bang, reaching an all-time high of $498. And investors will be backing them to do more of this in the months ahead. Let’s see what some of the drivers from recent weeks might be for this.
For those that don’t know, Lockheed... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Technology | |
If you wonder why Marathon Digital Holdings (NASDAQ: MARA) is trending higher in the first weeks of the new year, it is because of Bitcoin (CRYPTO: BTC) prices. The uptrend in Marathon Digital began on December 28, 2022, and coincided with the latest bottom in Bitcoin. This correlation is to be ex... Read the Full Story |
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Consumer Staples | |
WD-40 Company (NYSE: WDFC) issued a report that echoed news from RPM International (NYSE: RPM) and has it and other materials stocks moving lower. The news is revenue in calendar Q4 was weak and the near-term outlook is dimming due to the steadily increasing pressure of inflation and rising intere... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Discretionary | |
Skechers U.S.A., Inc. (NYSE: SKX) has come a long way since stepping into the sneaker scene three decades ago. Initially, a fringe challenger to Nike and other industry giants, Skechers has evolved into a globally recognized brand and a multi-billion dollar business.
Its stock has been doing qui... Read the Full Story |
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Consumer Staples | |
Shares of e.l.f. Beauty, Inc (NYSE: ELF) has been rallying strongly on outperformance and earnings strength, but it looks like the string of higher prices could be over. The stock hit the ceiling in the 2nd week of January which belies the signal given just the week before.
The week before this s... Read the Full Story |
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Industrials | |
The ChargePoint Holdings, Inc (NYSE: CHPT) stock price took flight on 9 Jan, gaining over 14% in a single trading session. Shares of the electric vehicle infrastructure company rose 9% in yesterday's trading session and currently trade near the bottom of its 52-week range.
Bulls might feel e... Read the Full Story |
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Healthcare | |
The Exact Sciences Corp (NASDAQ: EXAS) stock price reached the ceiling this week, with shares gaining a sizable 16.38% over the past five days.
Most of that value climb came yesterday, with the molecular diagnostic company's stock gaining 24.65% at the end of the trading session. Putting thi... Read the Full Story |
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Healthcare | |
The Kala Pharmaceuticals (NASDAQ: KALA) stock price has seen some stunning rallies over the past month and is currently up 439.42% at the time of writing.
Shares of the biopharmaceutical company exploded when it announced the FDA accepted its investigational new drug (IND) application for KP... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts. It also offers business lending products; SME loans; consumer lending products, such as residential mortgage loans and other consumer lending loans; and mortgages. In addition, the company provides working capital solutions; debt and equity market solutions; various loans; payments; and cash management, trade and corporate finance, and treasury services, as well as savings, investment, insurance, and digital banking services. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands. | | View Today's Stock Pick |
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