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: My Elon prediction is coming true (Ad) 
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Auto/Tires/Trucks | | 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 | | China controls 98% of global gallium production and the vast majority of refined rare-earth output - the materials every advanced semiconductor, AI system, and modern military depends on. Beijing has spent 40 years building this position deliberately.
Now the Trump administration is responding with Project Vault, a $12 billion strategic mineral stockpile, government equity stakes in MP Materials, Lithium Americas, and Trilogy Metals, and what analyst Porter Stansberry calls the Silicon Dollar - a potential replacement for the petrodollar system that has anchored U.S. currency since 1974.
Five companies sit at the chokepoints of America's new critical mineral trade - including one name and ticker Stansberry has identified as positioned to benefit as this story accelerates. | | Watch the free documentary to get the full story and ticker names |
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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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Aerospace | |
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 | | Former CIA and Pentagon advisor Jim Rickards - who correctly called the 2008 recession, Trump's 2016 election, and the Covid crisis - is now warning investors to prepare for a historic mid-term meltdown.
Rickards outlines three specific steps he says everyday investors should take before things turn ugly. Those who act early may avoid the losses that could wipe out millions of unprepared portfolios. | | Click here to learn the three steps Rickards says to take now |
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Finance | |
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 | | The U.S. government pumped more than $1 billion into Intel. The stock popped 128%. It pumped $400 million into MP Materials. The stock popped 200%. It bought 10% of Trilogy Metals. The stock popped 500%. And now, Trump has chosen this AI stock for a $1 billion payday.
Click here for the full story and stock pick (free). | | Click here to get Louis Navellier's full analysis and his free pick |
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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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Auto/Tires/Trucks | |
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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Medical | |
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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Medical | |
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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