Good MorningThe sell-off in equities deepened on Thursday, helping to confirm a top in the index, but all is not lost. The S&P 500 is still showing support at the short-term 30-day moving average, where it may be able to stage a comeback. The catalyst that could do it is earnings and economic data due next week. The Q4 earnings reporting season hits high gear next week and brings reports from Microsoft, Verizon and Johnson & Johnson, all bellwethers for their respective industries.
The economic calendar is also full next week, but the only report that matters comes out on Friday, and that is the PCE price index. The index should confirm a peak in inflation, and it may fall more than expected. The risk for the market is that inflation may subside but not brighten the outlook for 2023 and cap any gains that may form. The takeaway is the consensus figures for forward S&P 500 figures are more important than ever. Featured: Not plywood. A power breakthrough. (Ad) 
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Energy | |
Exxon Mobil Corporation (NYSE: XOM) is within striking range of clearing a cup-shaped base that the stock began forming in mid-November.
This, along with its oil-and-gas industry peers, was part of last year’s rally that made energy the only winning sector last year.
Exxon Mobil’s ... Read the Full Story |
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Markets | |
Mid-session Thursday, Australian miner BHP Group Limited (NYSE: BHP) traded higher, bucking the broad-marked downdraft. A combination of factors, including China’s reopening, an expected increase in merger-and-acquisition activity, and the company’s strong iron-ore production, are behi... Read the Full Story |
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Technology | |
Is Intel a buy for dividend investors?
Only if you're looking for a high-yield, blue-chip tech stock that offers a lower beta than the S&P 500. It may not be a flashy growth-oriented company anymore, but it doesn't need to be.
Its business is well-established and going nowhere by the look ... Read the Full Story |
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Consumer Discretionary | |
Short-term rental marketplace Airbnb Inc. (NASDAQ: ABNB) has attributes of both a growth and value stock, at least for the moment. Does that mean it’s one to keep an eye on or even determine whether it’s worth a buy?
Shares have advanced 7.06% in the past week and 12.88% in the past ... Read the Full Story |
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Consumer Discretionary | |
Tesla Inc. (NASDAQ: TSLA) is cutting prices in its European and North American markets. The most recent figures suggest the carmaker could slash retail prices by as much as 20% in the year(s) to come, which could help the EV company in many ways. This price shift comes as Tesla closed its fiscal y... Read the Full Story |
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From Our Partners | | For decades, firms like Renaissance, Two Sigma, and Citadel used automated trading systems to profit from market movement itself, not direction.
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Technology | |
The coronavirus pandemic has caused a global economic recession, and tech companies have been hit especially hard. As the economy continues to suffer, tech companies must make tough decisions to survive. This includes layoffs, which are becoming increasingly common in the tech industry.
COVID-19 ... Read the Full Story |
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Industrials | |
Fastenal (NASDAQ: FAST) just reported its Q4 earnings and has given the market more than 1 reason to become a buyer of this stock. Not only did the results outperform the market’s expectations, but it announced another dividend increase. A dividend increase on its own is good, but this one l... Read the Full Story |
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Consumer Staples | |
To gamers, the abbreviation ‘D&D’ calls to mind winning strategies for the fantasy role-playing game ‘Dungeons & Dragons.’ Keep your distance. Never split up the party. Draw a map of the dungeon.
In the stock market, D&D could be a valuable strategy for 2023 &m... Read the Full Story |
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Healthcare | |
Moderna Inc. (NASDAQ: MRNA) is in another arms race with Pfizer Inc. (NYSE: PFE) this time to produce RSV (Respiratory Syncytial Virus) vaccines, which will be the first of its kind.
RSV is a contagious virus that can cause serious respiratory illness in infants and older adults. RSV is one of th... Read the Full Story |
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Energy | |
The energy sector has recently experienced some volatility but Kinder Morgan (NYSE: KMI) is still a buy. While energy producers, including natural gas producers, have seen the price for their products correct sharply from the post-pandemic highs demand for natural gas remains high.
This situatio... Read the Full Story |
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Friday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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