Good MorningEquity markets are bracing for what could be a very frosty winter for the stock market. The lingering rise in inflation coupled with the rise of FOMC interest rates has the outlook for S&P 500 earnings in decline and that is the single most important factor to lead the stock market. In this light, the S&P 500 could be expected to fall back to previous lows near 3,500 sometime early in the New Year. The question is when it will be hit and how low the bottom will be when the market gets there. If the outlook for earnings continues to deteriorate the S&P 500 could easily slip below support at the 3,500 level and continue its plunge deeper into correction territory.
The risk for the market this week is almost entirely in the economic data. There are several important reports due out this week including the ADP and NFP reports on employment. The takeaways will be the level of employment and the pace of wage inflation. If either holds true to trends that include steady job gains and mid-single-digit levels of wage inflation the market will not take the news well. Featured: Jeff Bezos’ honeymoon humiliation (Ad) 
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Solar energy solutions provider First Solar Inc. (NASDAQ: FSLR) stock had an impressive 69% gain in 2022. Shares more than doubled from their July 2022 low of $60.96 to close the year at $149.79. Negative news, downgrades and negative blogs haven’t been able to stop First Solar shares from s... Read the Full Story |
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Tech | | | Wall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008.
The benchmark index finished with a loss of 19.4% for 2022, or 18.1%, including dividends. It's just its third annual decline since the financial... Read the Full Story |
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In what was a forgettable 2022 for the S&P 500, the information technology sector declined -28%, on par with REITs for the year’s worst economic group.
A surge in interest rates, 40-year high inflation and the Russia-Ukraine conflict, put relentless pressure on technology and other grow... Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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It's projected to be a rough year for Meta Platforms (NASDAQ: META) this year, according to analysts.
For one, the company's earnings are poised to shrink 10.14 percent. This means its earnings per share (EPS) will go down to $8.06 from $8.97 per share.
However, despite this reduction in... Read the Full Story |
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Markets | | | Stocks wavered Tuesday on Wall Street's first trading day of 2023 after closing out its worst year since 2008.
The S&P 500 gave up an early gain and was down 0.3% as of 10:05 a.m. Eastern. The Dow Jones Industrial Average fell 63 points, or 0.2%, to 33,081 and the Nasdaq fell 0.5%... Read the Full Story |
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From Our Partners | | I made a mistake.
A mistake I feel very foolish about.
After speaking with Donald Trump and some of his advisors, I believed him.
I believed the promise that he would finally confront the single most dangerous threat to American life. That he would fix the ticking time bomb I’ve been warning about for 15 years.
But I was wrong. | | Let me show you exactly what we’re doing to prepare. |
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Diversified energy utility Duke Energy Co. (NYSE: DUK) stock has been resilient throughout 2022 as shares closed out the year virtually flat compared to the (-20%) drop in the S&P 500 (NYSEARCA: SPY). The Company operates three divisions comprised of Electric Utilities and Infrastructure, Gas ... Read the Full Story |
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Markets | | | Democrats in Congress released thousands of pages of former President Donald Trump's tax returns Friday, providing the most detailed picture to date of his finances over a six-year period, including his time in the White House, when he fought to keep the information private in a break with decades o... Read the Full Story |
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Markets | | | Major Japanese companies have grown more pessimistic about the economy, given higher costs and a weaker yen, according to a survey by Kyodo News.
The survey of 117 companies found just over half, or 56%, expect the economy to grow this year. That was down sharply from 84% a year earl... Read the Full Story |
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Tech | | | Israel’s military fired missiles toward the international airport of Syria's capital early Monday, putting it out of service and killing two soldiers and wounding two others, the Syrian army said.
The attack, which occurred shortly after midnight Sunday, was the second in seven months... Read the Full Story |
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Analysts rated shares of Tyson Foods Inc. (NYSE: TSN) a hold, opting for caution throughout 2022. The MarketBeat analyst consensus rating creeped toward a bullish position. We estimate that the stock offers a potential value opportunity at around $60.
Tyson ranks as the fifth largest f... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
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