Good MorningEquity markets rallied on Friday but don't read too much into that news. The market rallied, but it failed to reclaim the 4,000 level after confirming resistance earlier in the week. This move is consistent with consolidation within a downtrend and is not unexpected with Q4 earnings season about to crash upon the market. The news so far is that Q4 was better than expected, but the outlook for the 1st half of 2023 is still in decline.
Next week will be a key week for the S&P 500, with economic data and earnings as possible catalysts. On the earnings front, reports from at least 2 dozen S&P 500 companies are on tap, while the economic calendar includes the 1st look at Q4 GDP, the Index of Leading Indicators and the PCE Price Index. Of the 3, the PCE Price Index is the most important, but the takeaway for the week will be what the outlook for 1st half earnings looks like relative to today. Featured: Move Your Money Here Before August 31st (Ad) 
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Technology | |
Solar panel maker Canadian Solar Inc. (NASDAQ: CSIQ) stock has shot up +38% in 2023 but is still in a weekly rectangle trading range since July 2021. Solar companies are all the rage as they've seen dramatic spikes in 2023 despite negative news like the California Public Utilities Commission (CPUC... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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Industrials | |
Robotic process automation (RPA) leader UiPath inc. (NASDAQ: PATH) stock has been rising with other artificial intelligence (AI) providers thanks to ChapGPT. The media coverage over the hype surrounding the AI platform ChatGPT has brought AI to the forefront again.
Unlike the frustrating chatbots... Read the Full Story |
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Healthcare | |
Pharmacy, insurance, and healthcare services provider CVS Health Corporation (NYSE: CVS) shares are trading near 52-week lows despite the recent rally in the benchmark indices. The Company has evolved from a drug store chain into an integrated healthcare company offering healthcare provider and pa... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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Technology | |
You've seen the headlines about the artificial intelligence (AI) platform ChatGPT being able to write term papers and articles in a matter of minutes. 2023 looks to be shaping up as the year of AI, thanks to the mainstream frenzy over platforms like ChatGPT.
After initially investing $1 billion, ... Read the Full Story |
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Technology | |
NVIDIA Corporation (NASDAQ: NVDA) was one of the many chipmaker stocks that struggled through 2022. Not only did this stock drop as much as 70%, but its revenue has also been contracting for the past two quarters. Considering the major headwinds it’s faced, such as US-China tensions and supp... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Communication Services | |
A new year can mean a fresh start. And for many people, that means taking a close look at their budget and changing their wireless plan. It’s big business, and several companies are competing for your dollars.
Many of those same companies want your investment dollars as well. And in this a... Read the Full Story |
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Industrials | |
Commercial space flight company Virgin Galactic Holdings, Inc. (NYSE: SPCE) stock has rallied over 30% in the new year in the hopes of commencing commercial space flights again. The Company confirmed on Jan. 12, 2022, that maintenance and upgrades have been completed and are on track to resume com... Read the Full Story |
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Energy | |
The Chevron Corporation (NYSE: CVX) will report earnings on Friday, January 27th. At this time, the company is expected to post earnings per share of $4.27 on revenue of $53.97 billion. This won't be a record level of profits or earnings, but it will continue the company's eight-quarter streak of ... Read the Full Story |
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Industrials | |
The health of the trucking industry can be a valuable barometer for overall economic conditions. The industry has been on a gradual upward trajectory since June regarding price performance, with S&P 500 component Old Dominion Freight Line Inc. (NASDAQ: ODFL) among the group’s top perform... Read the Full Story |
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Markets | |
If Macy’s (NYSE: M) warning wasn’t enough to put the fear of markdowns into the retail sector Nordstrom (NYSE: JWN) should seal the deal. The company lowered its outlook for both revenue and earnings citing weaker-than-expected sales and the impact of inventory-clearing markdowns.
The... Read the Full Story |
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Monday'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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