Good MorningEquity markets reversed course on Tuesday and closed higher for the day ending January on an up note. The S&P 500 gained almost 1.5% at the end of the day on signs the earnings season is better than expected. The caveat is that market action is still below significant resistance and the outlook for earnings is deteriorating. In this light, the next big move in the market is more likely to be down than up and there are more risks than one to be wary of.
Today brings another FOMC policy statement and it could be one for the history books. The market is expecting the FOMC to slow the pace of hikes and indicate the peak of inflation has passed but it might be disappointed. The latest inflation data confirm a peak was hit but give little indication that inflation is truly subsiding in a way that is sustainable. What this means is the FOMC needs to make the market believe interest rates will stay high enough for long enough to ensure that happens. Featured: Virginia Millionaire Warns European Energy Crisis Could Destroy U.S. Economy (The Oxford Club) 
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The communications industry is showing signs of life, as large caps, including Verizon Communications Inc. (NYSE: VZ) and Charter Communications Inc. (NASDAQ: CHTR), are posting strong one-month uptrends.
The two stocks are components of the Communication Services Select Sector SPDR Fund (N... Read the Full Story |
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From Our PartnersGet out of cash immediately. Public warning from Wall Street professor who has already briefed the FBI and U.S. Pentagon. | | | | More here. |
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Stocks | | | Wall Street closed out a strong January with more gains on Tuesday, ahead of what many investors hope will be one of the Federal Reserve’s last hikes to interest rates for a while.
Markets got a boost after a report showed that that growth for workers’ pay and benefits slowed during t... Read the Full Story |
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Markets | | | Wall Street is closing a strong January with more gains on Tuesday, ahead of what many investors hope will be one of the Federal Reserve’s last hikes to interest rates for a while.
The S&P 500 was 0.8% higher and on pace to close out its third winning month in the last four. The D... Read the Full Story |
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From Our PartnersMorgan Stanley is warning of an "imminent recession" in Europe. The head of the European Central Bank says it is a "very dark downside scenario."
And one Virginia millionaire who predicted the housing crisis and called the bottom of the COVID market... says this could be devastating to U.S. stocks.
But only if ONE THING doesn't happen. | | | | See his shocking prediction here. |
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Markets | | |
Global Edtech and education company Genius Group Ltd (NYSE: GNS) shares have spiked by 1700% for 2023. The stock was trading just a few hundred thousand shares a day leading up to its 269 million shares trading day on Jan. 19, 2023, where it spiked 290% to close at $2.09. Interest has remained rel... Read the Full Story |
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Shares of Exxon Mobil Corporation (NYSE:XOM) are up 1.7% in mid-morning trading after the company posted a record profit in their fourth-quarter and full-year 2022 earnings report. XOM stock had been down 3% in pre-market trading.
Some of that was due to revenue coming in slighly below exp... Read the Full Story |
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From Our PartnersGet out of cash immediately. Public warning from Wall Street professor who has already briefed the FBI and U.S. Pentagon.
| | | | More here. |
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Markets | | |
Cisco Systems Inc. (NASDAQ: CSCO) has a place on MarketBeat’s Dividend Achievers list of stocks, increasing their payout for at least the past 10 consecutive years.
Although it’s a well-established company, Cisco is not resting on its laurels. It’s developing robust technologies... Read the Full Story |
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Markets | | | Adult Happy Meals and other limited-time promotions boosted traffic at McDonald’s restaurants during the fourth quarter despite higher prices. But the company warned that inflation __ particularly in Europe __ will continue to weigh on its operations this year.
Global same-store sales... Read the Full Story |
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Markets | | |
Dividend King Sysco (NYSE: SYY) pulled back following its FQ2 results but the move is already catching the attention of investors. No surprise there, this stock is a solid blue-chip operator in the US foodservice space and pays a healthy dividend so investors should be targeting this pullback as a... Read the Full Story |
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Markets | | | Pfizer surprised Wall Street by predicting a bigger-than-expected sales drop this year for two key products: its COVID-19 vaccine and treatment.
The drugmaker also released on Tuesday an earnings forecast that starts off below analyst expectations as Pfizer begins what company leaders... Read the Full Story |
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Politics | | | Mexico’s economy slowed in the last quarter of 2022 but still managed to advance by 0.4%, bringing economic expansion for the full year to 3.6%, the National Statistics Institute announced Tuesday.
The country’s gross domestic product had expanded by 0.9% in the third quarter, but th... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Papa John's International, Inc. engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages. The North America Franchising segment involves the offering of sales and support activities, development rights, and collection of royalties from franchisees located in the United States and Canada. The North America Commissaries segment includes the eleven full-service regional dough production and distribution and quality control centers. The International Operations segment represents all restaurant operations outside of the United States and Canada. The All Others segment focuses on franchise contributions to marketing funds and sale, company-owned and franchised restaurants, information systems and related services used in restaurant operations, point-of-sale system, online and other technology-based ordering platforms, printing, and promotional items. The company was founded by John H. Schnatter in 1984 and is headquartered in Louisville, KY. | | View Today's Stock Pick |
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