Good MorningEquity investors face a tough decision in the weeks ahead. The FOMC is about to hike interest rates by another 50 basis points, and the S&P 500 is on the brink of what could be an abysmal earnings reporting season. The first reports from the banking sector were better than expected but resulted in a downtick in the outlook for Q1 and Q2 earnings, sure to bring the index down with it. The latest news is that analysts expect earnings to decline by at least 0.5% in the first half of 2023, and the estimates are still trending lower.
This week could be pivotal for the S&P 500. The latest read on retail sales is due on Wednesday, which could be weaker than expected. The consensus of economists is for sales to have fallen by at least 1.0%, including the impact of inflation which is up 6.0% versus last year. The takeaway is that economic activity in the retail sector is in contraction on both a volume and a dollar basis and will drag S&P 500 earnings power down with it. Featured: First look – Porter Stansberry’s Next Big Prediction (Porter & Company) 
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Markets | | | Shall we turn 2023 into a bounce back year for our retirement portfolios?
How about we shoot for, say, 23% total returns?
The surest way to do it is by employing a technique I call the dividend magnet.
It’s safe. Reliable. And works beautifully on the back side of a bear market.
I recently gave a gu... Read the Full Story |
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From Our PartnersInvestigator warns: American Reset Incoming
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A few years back, the investment theme of Apple Inc. (NASDAQ: AAPL) suppliers was in vogue. While that’s not as popular as it once was, Apple component supplier mid-cap Jabil Inc. (NYSE: JBL) is up 14.24% in the past week as the stock broke out of a base that began in early December.
... Read the Full Story |
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If you are wondering about Halliburton (NYSE: HAL), the oilfield supercycle and if the 2 will hit new highs, it certainly looks that way. Not only is the stock trending higher, but the outlook for earnings and the analysts’ sentiment is also trending higher. In this light, only results can s... Read the Full Story |
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Markets | | | Stocks closed higher on Wall Street Friday to give the S&P 500 its best week in two months as earnings reporting season gets underway and CEOs begin to show how well or poorly they’re navigating high inflation and a slowing economy.
The year has begun on Wall Street with optimism ... Read the Full Story |
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Markets | | | Shares are mixed in Asia after Wall Street benchmarks ended last week on a high note.
Markets fell in Tokyo but advanced elsewhere in the region.
The year has begun with optimism that cooling inflation could lead the Federal Reserve to ease off soon on sharp interest ... Read the Full Story |
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From Our PartnersWhile most folks are sitting on huge stock market losses… A secret group of investors are STILL making huge gains.
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Markets | | | Shares advanced in Asia on Monday after Wall Street benchmarks ended last week on a high note.
Tokyo’s Nikkei 225 was the outlier, giving up 1.2% to 25,810.10, but other regional indexes were higher.
Bangkok’s SET index jumped 4.3% on forecasts for a turnaround for th... Read the Full Story |
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Michael Burry, also known as 'big short,' is a former hedge fund manager who has made legendary bearish calls over the last few decades.
Burry foresaw the subprime mortgage crisis of 2007 and made close to a billion dollars for his investors by taking short positions on the mortgage bond market.
... Read the Full Story |
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Casino operator Wynn Resorts Limited (NASDAQ: WYNN) stock is up +17% for 2023 as sentiment improves over the potential for a China re-opening in 2023. China has started to lift its zero-COVID restrictions after three years of lockdowns. How important is China, notably Macau, to Wynn? Macau used to... Read the Full Story |
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Alphabet (NASDAQ: GOOG) has evolved into becoming one of the world's most used tech companies and the most recognizable. Looking at some of the numbers: 99,000 searches are made on Google per second, and around 3.7 million videos are uploaded to YouTube every day.
Founded by Stanford Ph.D. studen... Read the Full Story |
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Markets | | | Maine scored its first Mega Millions jackpot — and someone beat the ill fortune of Friday the 13th — when a ticket purchased in the state matched the winning numbers for the lottery's estimated $1.35 billion grand prize.
The lucky combination of numbers drawn late Friday night were: 3... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. The company was incorporated in 1919 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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