Good MorningEquity markets fell for the 2nd day as traders assessed the latest economic data and FOMC activity. The takeaway is that inflation puts the economy on the brink of an actual recession, and the FOMC is still raising interest rates. The committee wants to ensure inflation is tamed, which will most likely trigger the recession everyone fears. Regardless, the S&P 500 is in the first inning of what could be a prolonged earnings recession that has been sparked by a decline in volume brought on by high prices and high-interest rates.
Friday's action will be critical for the market. The S&P 500 index confirms the presence of resistance at the 41,50 level, which may lead to another big sell-off. The rally may continue if the market can rebound and close even near the week's high. If not, investors should brace for another sell-off that could shave 15% to 20% off of the major indices by the start of spring. January effect or not, the outlook for S&P 500 earnings is moving lower, leading the market lower. Featured: Could this be crypto's biggest Trump win? (Ad) 
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It’s never too late for a curtain call.
Some stocks partied like rock stars coming off the March 2020 market bottom. As doomsday pandemic fears faded, it was the most risky (and often least profitable) companies that took center stage. Meme stocks and SPACs stole the show with some outrageo... Read the Full Story |
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It's a regular occurrence. Penny stocks always dominate the top daily gainers and losers lists, often skyrocketing 50% or more in a single day. But the rapid price appreciation is usually followed by an equally dramatic crash in the price.
And you can probably picture these charts in your head. T... Read the Full Story |
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Markets | | | Producers of spirits have new bragging rights in the age-old whiskey vs. beer barroom debate.
New figures show that spirits surpassed beer for U.S. market-share supremacy, based on supplier revenues, a spirit industry group announced Thursday.
The rise to the top for sp... Read the Full Story |
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Markets | | | Stocks are drifting on Wall Street Thursday following another mixed batch of earnings reports.
The S&P 500 was 0.3% lower in afternoon trading after giving up an early gain of 0.9%. The Dow Jones Industrial Average was down 88 points, or 0.3%, at 33,859, as of 1:53 p.m. Eastern ti... Read the Full Story |
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Markets | | | Honda reported a 27% jump in its October-December profit, despite headwinds like shortages of computer chips and rising costs of raw materials.
Tokyo-based Honda Motor Co.'s profit in the last quarter totaled 244.6 billion yen ($1.9 billion), up from 192.9 billion yen the year before... Read the Full Story |
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From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
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That's why Jack Carter and I pulled back the curtain to reveal how we've been able to nail in a 96% win rate in the same window the market lost 11 trillion dollars in value. | | | We also revealed how you can find and execute these setups on your own without any help at all. |
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Markets | | | PepsiCo reported better-than-expected sales in the fourth quarter after hiking prices for its drinks and snacks, but it warned that consumers may be less willing to accept those increases as this year progresses Read the Full Story |
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Reynolds Consumer Products (NASDAQ: REYN) share price has struggled to gain traction since the IPO, but one thing is certain. When the share prices drop below $27.75, someone in the market steps in and buys them, which is happening now. The Q1 guidance and outlook for the year are a little o... Read the Full Story |
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Markets | | | Asian shares were mostly lower on Friday after Wall Street retreated for a second day as market watchers considered earnings reports and various indicators about whether inflation is waning in the U.S. and elsewhere.
Japan's benchmark Nikkei 225 added 0.3% to 27,670.98. Australia's S&... Read the Full Story |
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Shares of The Walt Disney Company (NYSE: DIS) have been on a roller coaster ride for the last few years, leaving investors less than enthused. The latest twist in the ride, however, included the renaming of Bob Iger to the helm, a move that is getting lots of positive attention.
The question now ... Read the Full Story |
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The price action in PepsiCo Inc. (NASDAQ: PEP) pulled back from a high recently, but this weakness in the action offers a buying opportunity in a Dividend King. PepsiCo's Q4 results prove the company's strategy continues to work and has what it takes to succeed in today's marke... Read the Full Story |
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Friday's Early Bird Stock Of The Day Vera Therapeutics, Inc., a clinical stage biotechnology company, focuses on developing and commercializing treatments for patients with serious immunological diseases. Its lead product candidate is atacicept, a fusion protein self-administered as a subcutaneous injection that is in Phase III clinical trial for patients with immunoglobulin A nephropathy; and for treatment of lupus nephritis that is in Phase II clinical trial. It is also developing MAU868, a human monoclonal antibody for the treatment of BK viremia infections. The company was formerly known as Trucode Gene Repair, Inc. and changed its name to Vera Therapeutics, Inc. in April 2020. Vera Therapeutics, Inc. was incorporated in 2016 and is headquartered in Brisbane, California. | | View Today's Stock Pick |
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