Good MorningEquity markets had a strong week and finished on a high note, but the S&P 500 is not out of the woods. While bank earnings were better than expected, the outlook for activity in the year's first half is still in decline. The banks revealed increases in credit reserves and credit losses, which will weigh on earnings if an economic recession takes hold.
This week will be another test for the market, both with economic data and earnings. There are several reports, including the monthly retail sales figure, which is among the most important. Retail sales underpin the US economy, and Macy's report highlights cracks in the sector. Peak shopping periods were better than expected in Q4 but offset by weaker-than-expected off-peak times, and we are heading into an off-peak time of year for the consumer.
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Consumer Staples | |
Economics 101 ascertains that raising prices tends to drive down demand unless you fall under the elastic principle like alcohol, cigarettes, drugs, and Conagra Brands, Inc. (NYSE: CAG) consumer staples products. Some popular brands you will recognize include Slim Jim meat snacks, Orville Redenbac... Read the Full Story |
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Aerospace | |
Industrial power solutions company General Electric Company (NYSE: GE) stock has climbed over 20% in 2023 as positive sentiment for its restructuring gains steam. General Electric has been divesting its businesses for the past several years. Some well-known past spin-offs include oilfield services... Read the Full Story |
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Finance | |
Shares of JPMorgan Chase (NYSE: JPM) are moving lower after its report echoed news from across the banking sector. Institutions from Bank of America (NYSE: BAC) to Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) reported solid quarters that include the first signs of the economic storm Jamie Dimon... 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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Markets | |
The Bed Bath & Beyond (NASDAQ: BBBY) stock price has been on an enormous rally over the past five days by all accounts, it looks set to continue.
The troubled retailer's share is up 261.38% over the past five days. Yesterday shares rose to 50.14% amid a flurry of trading volume seen on t... Read the Full Story |
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Consumer Discretionary | |
The Roku Inc (NASDAQ: ROKU) stock price has gained an impressive amount over the past five days, thereby reversing the sell-off of its share over the past month.
The TV streaming stock is up 15.67% from Jan 6 and closed 0.37% higher in yesterday's trading session.
Roku's stock price appreciation... Read the Full Story |
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Retail/Wholesale | |
The Carvana Co (NYSE: CVNA) stock price has gone thru a process of recovery over the past five days and rallied especially strongly yesterday.
Shares of the online used car retailer jumped 46 percent in yesterday's trading session, while it's also up 74.95 percent since Jan 6.
This bounc... Read the Full Story |
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Energy | |
The ghosts of 2021 and 2022 returned to the markets Thursday as the energy sector, including oil-and-gas giants Exxon Mobil Corporation (NYSE: XOM) and Schlumberger Limited (NYSE: SLB) posted significant price gains.
The sector as a whole, as tracked by exchange-traded funds such as the Energy Se... Read the Full Story |
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Industrials | |
After a down year for U.S. equities, investment portfolios have some ground to cover. Time to bring in the heavy machinery.
Companies that make farm and heavy construction machinery fared quite well in 2022. The group finished roughly 8%, while the S&P 500 declined 19%.
The good news for in... Read the Full Story |
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Medical | |
While 2022 was not too kind across the stock market, biotech stocks seem to have—for the most part—held their ground. These small-cap clinical-stage biopharmaceutical stocks are doing better than the average marker across the healthcare sector.
These three stocks, in particular, have ... Read the Full Story |
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Markets | |
Miners BHP Group Limited (NYSE: BHP), Rio Tinto Group (NYSE: RIO) and Vale S.A. (NYSE: VALE) were among the big gainers Thursday as their industry group moved higher, largely on the news from China and Saudi Arabia.
Australia-based BHP climbed more than 2% by mid-session Thursday, buoyed by news... Read the Full Story |
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Monday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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