Good MorningEquity markets started the week strong and pushed the S&P 500 up more than 1.0% at the day's high. The takeaway for investors is that gains were capped just above last week's highs and at a level that could be expected to provide stiff resistance. The candle formed has a visible upper shadow confirming the presence of resistance and the possibility this is as high as the index will move for now.
The rally was driven by easing fear of inflation. The decline in the pace of inflation is good news, but conditions are still pressuring the outlook for S&P 500 earnings. With the outlook for S&P 500 earnings in decline, it is almost certain the index will fall. This week is the first real weak of peak earnings reporting season for the 4th quarter, so this outlook could change; the risk is that it won't and may worsen. Featured: The case for trading fewer setups, not more (Ad) 
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Consumer Discretionary | |
The quarterly dividend is a surefire way to get quick returns on your stock portfolio, but they are not always easy to find. Escalating interest rates coupled with seemingly unfettered inflation can certainly complicate things. And while many of the stocks on this list are paying impressive divide... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Retail/Wholesale | |
The Chipotle Mexican Grill (NYSE: CMG) stock price is surging this week amid receiving positive coverage by analysts on Monday.
Shares of the fast-casual restaurant brand are currently up 2.92% from yesterday's close and 5.44% over the past five days. The recent upgrade seems to have given bulls ... Read the Full Story |
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Aerospace | |
Northrop Grumman Corporation (NYSE: NOC) has recently faced heavy artillery. No S&P 500 stock has fared worse than the global defense contractor over the first few weeks of 2023.
Not surprisingly, social media chatter around Northrop Grumman is on the rise. Traders are debating whether the -1... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Retail/Wholesale | |
Athleisure apparel and footwear maker Under Armour Inc. (NYSE: UAA) stock has been very buoyant, trading up +15.6% in 2023. The stock has been rising in sympathy from Nike Inc.(NYSE: NKE) earnings blowout and Sketchers U.S.A., Inc. (NYSE: SKX) strength while shrugging off the lowered EPS forecast ... Read the Full Story |
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Technology | |
In news that was widely expected, Microsoft Corporation (NASDAQ: MSFT) announced it was expanding its partnership with OpenAI, the creator of the chatbot ChatGBT. For now, the higher-ups in Redmond are being tight-lipped about their investment other than to say it’s a multi-billion, multi-ye... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Consumer Discretionary | |
The 2023 analyst activity in Skechers USA (NYSE: SKX) is a little mixed but investors should be cheered. The single downgrade is to Equal Weight from Overweight with a price target that is in line with the Marketbeat.com consensus estimate and the remainder of the 5 (that Marketbeat.com tools have... Read the Full Story |
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Finance | |
The S&P 500 (NYSEARCA: SPY) is marching higher on signs that inflation has peaked, but it is not a rally you should trust. The latest reads on CPI and PPI confirmed this peak, which may be confirmed later this week when the PCE price index is released, but this isn’t the news the market ... Read the Full Story |
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Energy | |
The energy sector took a breather this month after its blazing performance in 2022, but it’s making a comeback, with stocks including ConocoPhillips (NYSE: COP), EOG Resources, Inc. (NYSE: EOG), HF Sinclair Corporation (NYSE: DINO), and Phillips 66 (NYSE: PSX) boasting strong price action.
... Read the Full Story |
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Markets | |
This year is poised to be chaotic for stock market investors. The Fed has signaled its intentions to raise rates in February and March, which would tally interest rates above 5 percent for the year. This, in turn, will weigh heavily on the S&P 500, with FAANG stocks Apple (NASDAQ: APPL), Alpha... Read the Full Story |
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Retail/Wholesale | |
Wayfair (NYSE: W) stock has been getting a lot of attention from analysts, and that action has the stock rocketing higher but it still looks cheap. The analyst's activity includes 3 major upgrades on top of a string of upgrades and price target increases that have the sentiment moving higher and t... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day GXO Logistics, Inc., together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others. GXO Logistics, Inc. was incorporated in 2021 and is headquartered in Greenwich, Connecticut. | | View Today's Stock Pick |
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