Good MorningEquity markets went wild on Wednesday as investors cheered the economic data and then realized its true meaning. The surprise decline in producer-level inflation is good news for those concerned about inflation, but the retail sales figure suggests the damage is already done to the economy. Retail sales are up YOY but fell more than 1.0% monthly as higher prices and rising interest rates cut into consumer spending. The takeaway from the data is that S&P 500 pricing power may be headed out the window as input costs fall and demand for finished goods declines.
The data that investors truly need to watch is the consensus figures for S&P 500 earnings. The consensus figures are in decline for the 1st half of 2023 and are a dead weight for the market to bear. Now that index price action has reconfirmed resistance at the 4,000 level and the top of a downward-sloping channel, it looks like January will end with the market flat to down which is not a good sign for the rest of the year will bring.
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Healthcare | |
If you have questions about AbbVie stock, we have answers. The bottom line is that AbbVie is one of the world’s leading pharmaceutical companies and comes with one attractive dividend.
Not only is the dividend a high yield, but it is also a safe, high yield with a robust outlook for distrib... Read the Full Story |
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From Our Partners | | In 2006, a flooded mine at Cigar Lake sent uranium prices from the 50 range to 136 in eight months.
This past May, flooding hit the same complex again, and in July Cigar Lake went down a second time, disrupting the world's largest high-grade uranium mine.
Gerardo Del Real calls this the Third Convergence Event and has backed three small companies positioned in front of it. | | See the three companies positioned for uranium's next supply shock |
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Technology | |
In this article, we'll cover what you need to know about the KLA Corp stock and company, dividend payment, dividend history and outlook for dividend growth, including how it compares to others in this group.
The key takeaway is that KLA Corporation (NYSE: KLAC) is a high-quality blue-chip technol... Read the Full Story |
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Consumer Staples | |
Even consumer staples juggernaut The Procter & Gamble Company (NYSE: PG) is susceptible to macroeconomic pressures.
In October 2022, the maker of Tide, Bounty, Oral B and many other household essentials missed quarterly earnings expectations. It ended a multiyear streak of Street topping prof... Read the Full Story |
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From Our Partners | | Covered calls won't make you rich overnight, and they cap your upside if a stock takes off. But many retired investors use them anyway, turning stocks they already own into a steady source of extra income.
The Retirement Paycheck Playbook breaks down the good, the bad, and the 5 rules for doing covered calls right, including what happens if a stock rises, stays flat, or falls. | | Get the free report and see how it works |
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Markets | |
Today's economic data was a mixed bag for investors, with a decline in producer-level inflation being good news for those concerned about inflation but a decrease in retail sales suggesting damage to the economy.
The decrease in retail sales can be attributed to higher prices and rising interest ... Read the Full Story |
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Finance | |
As a pioneer of the value investing methodology, Warren Buffett is most famous for investing in blue chip brands found in millions of homes and businesses throughout the United States.
Recently though, his investment company Berkshire Hathaway (NYSE: BRK.B) has made some adventurous entries into ... Read the Full Story |
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From Our Partners | | Marc Chaikin, a 60-year Wall Street veteran whose past clients include George Soros and Steve Cohen, built a system that flagged Nvidia before it climbed more than 50,000%.
Following Executive Order #14363, next-generation AI data centers are coming online, and Chaikin says one stock is leading this buildout. | | Get the stock name and ticker from Chaikin's research now. |
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Industrials | |
J.B. Hunt’s (NASDAQ: JBHT) Q4 results confirm a trend that has recently developed within the trucking and logistics industry. The analysts began warming up to the truckers but their interest was centered on logistic companies like GXO Logistics (NYSE: GXO) and truckers like Knight-Swift Tran... Read the Full Story |
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Technology | |
Intel Corporation (NASDAQ: INTC) ended the year with a ton of baggage and a beaten-down stock price. Shares had given up more than 60% in less than two years, and the chip giant had been under increasing pressure from investors to get it together.
However, it’s looking like shares have mana... Read the Full Story |
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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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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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Thursday's Early Bird Stock Of The Day Uxin Limited, an investment holding company, engages in the retail sale of vehicles in China. The company operates an e-commerce platform for buying and selling used cars. It also offers used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales, and various car-related value-added products and services, as well as warranty and repair, delivery, and title transfers and vehicle registration services. Uxin Limited was incorporated in 2011 and is headquartered in Beijing, China. | | View Today's Stock Pick |
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