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: Washington Thinks They Own Your Bank Account (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 | | The largest energy source on Earth contains 50,000 times every oil and gas reserve on the planet combined - and much of it sits beneath the desert near the Grand Canyon.
A drilling crew just hit the DOE's 2035 targets twelve years early, with costs down 50% in 18 months. Google signed on, Gates invested, and the Pentagon made it a priority. One company has been quietly building this infrastructure for sixty years. | | See the company sitting on the biggest energy source on Earth |
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Consumer Discretionary | |
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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Industrials | |
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 | | In February, a company paid 200 million dollars for a dead aluminum smelter in Hawesville, Kentucky. Locals called it an eyesore.
Five months later, that same site signed a 19 billion dollar, 20-year lease with Anthropic. No aluminum will ever be made there again.
Something the smelter left behind is worth more than the smelter itself, and Wall Street hasn't named it yet. Dylan Jovine has. | | Discover what this abandoned smelter site is really worth to Anthropic |
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Consumer Discretionary | |
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 | | Elon Musk, Peter Thiel, and Sam Altman are backing a new AI use case discovered at MIT that has already identified potential treatments for dangerous diseases.
McKinsey estimates this technology could be 500 times bigger than ChatGPT, while Nature projects it could add $367 trillion to the global economy. | | See which stocks could benefit as Medical AI expands nationwide |
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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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Markets | |
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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Consumer Discretionary | |
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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