Good MorningEquity markets seesawed on Tuesday as investors and traders brace for what could be a very bad Retail Sales figure. That figure is due out today and could show that retail sales are down -1.0% or more compared to last year. This is big news for the market because it means price hikes no longer offset a decline in volume that began early in 2022. In this light, the recession has begun, and it will most likely get worse before it gets better.
The takeaway is that earnings growth is off the table for most S&P 500 companies in the first half of 2023. The question is how bad the decline will be and how the outlook for the 2nd half will unfold. Last year, there was supposed to be an improvement in the 2nd half that never fully materialized and was offset by inflation and interest rates. That situation may unfold again this year and leave the S&P 500 index at or below 3,500 at year-end.
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Markets | |
PepsiCo, Inc (NYSE: PEP) may be a popular soda company, but they have had trouble developing a winning lemon-lime product to compete with industry leader, Sprite. Distributed by The Coca-Cola Company (NYSE: KO), Sprite has led the industry since its introduction in 1961, and it appears that Pepsi'... Read the Full Story |
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From Our Partners | | What I bought is tokenized gold. Real gold in a professional vault… held as a digital token in a wallet only I control. Now compare that to how most people own gold. You call a dealer and pay a premium over the gold price. You wait for it to ship… then you find somewhere to hide it.
And when you want out? It gets worse. Buy a 1 oz gold coin from a dealer and sell it back, and about 4% to 8% of your money is typically gone. Plus, physical gold holders wait days for dealers to verify the gold and pay them.
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Healthcare | |
As a member of the 30-stock Dow Jones Industrial Index and a heavily-weighted component of the S&P 500, Johnson & Johnson (NYSE: JNJ) is a stock that naturally gets a lot of attention from investors.
The stock has been struggling to break out of a correction that began in April last year.... Read the Full Story |
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Industrials | |
The airline industry has been in rally mode since late last month, and Alaska Air Group Inc. (NYSE: ALK) is one of the stocks leading the way in the past two weeks.
Others that have taken flight lately include United Airlines Holdings Inc. (NASDAQ: UAL), American Airlines Group Inc. (NASDAQ: AAL... Read the Full Story |
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From Our Partners | | Elon Musk says a new industry could grow 190,597% by 2040, calling it potentially the biggest industry ever.
James Altucher argues the smartest play isn't Tesla or SpaceX, already giant companies with limited upside. Instead, he points to a little-known Musk-linked company more than 150 times smaller than Tesla. | | Click here to see the full details on this opportunity |
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Healthcare | |
Even as it pulled back along with the broader market, insulin pump maker Insulet Corporation (NASDAQ: PODD) was finding support along its 50-day line and remained in the buy range with a possible early entry point.
Since mid-November, the stock has been forming a flat base below a previous high o... Read the Full Story |
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Markets | |
Cathie Wood is an American investor best known as the founder, CEO, and CIO of ARK Investment Management, a firm specializing in actively managed exchange-traded funds (ETFs). Wood began her career as an analyst on Wall Street and later moved to institutional investment management. She is renowned... Read the Full Story |
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From Our Partners | | An analyst who called Nvidia's AI chip boom back in 2016 has a new prediction. His past calls include Comfort Systems' 1,030% rise, Oklo's 1,900% jump, and Sandisk's 853% surge, all tied to the AI buildout.
Now he's pointing to what he calls the next wave of AI, a trend tied to an industry projected to grow 190,597% by 2040. | | See his newest AI prediction and the data behind it now |
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Markets | |
Tritium DCFC Limited (NASDAQ: DCFC) is one of the largest DC electric vehicle (EV) fast charger makers globally. They have a 20% market share in the US and 10% in Europe. They have sold over 10,000 chargers throughout more than 41 countries. They began 2023 as the world’s third largest maker... Read the Full Story |
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Consumer Discretionary | |
The world’s largest Recreational vehicle (RV) manufacturer THOR Industries Inc. (NYSE: THO) stock, has been on fire, trading up 20% in 2023 as it approaches a key resistance level. It set the bar high after its Q3 2022 earnings beat and continues to outperform its peers Winnebago Industries ... Read the Full Story |
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Industrials | |
Riding an uncharacteristic eight-day winning streak, United Airlines Holdings, Inc. (NASDAQ: UAL) is flying high.
Already up 37% year-to-date, the nation’s second-largest airliner (by fleet size) is leading an airline surge that’s seen big advances from S&P 500 peers American Air... Read the Full Story |
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Materials | |
Shares of Dividend King PPG Industries (NYSE: PPG) are moving higher ahead of the Q4 earnings release, but that does not make it a buy. Results from competitor RPM International (NYSE: RPM) have the entire paint/coatings industry at risk of a slowdown. RPM reported mixed results and weak guidance ... Read the Full Story |
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Shocking New Documentary Exposes The Two Men Destroying America
And how what they have planned next could decimate the savings and investments of millions of Americans…
This is causing a lot of controversy…
It’s a new documentary called The Two Men Destroying America.
Prod... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items. This segment markets and sells its products under various brands, which include Colgate, Darlie, elmex, hello, meridol, Sorriso, Tom's of Maine, Irish Spring, Palmolive, Protex, Sanex, Softsoap, Lady Speed Stick, Speed Stick, EltaMD, Filorga, PCA SKIN, Ajax, Axion, Fabuloso, Murphy, Suavitel, and Soupline to a range of traditional and eCommerce retailers, wholesalers, and distributors. It includes pharmaceutical products for dentists and other oral health professionals. Its Pet Nutrition segment offers pet nutrition products for everyday nutritional needs under the Hill's Science Diet brand; and a range of therapeutic pet products to help nutritionally support dogs and cats in different stages of health under the Hill's Prescription Diet brand. This segment markets and sells its products through pet supply retailers, veterinarians, and eCommerce retailers. Colgate-Palmolive Company was founded in 1806 and is headquartered in New York, New York. | | View Today's Stock Pick |
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