Good MorningEquity markets tried to rebound on Friday, but the action was more mixed than not. Investors are scooping bargains where they find them, but this will not lead to a sustained uptrend. The outlook for earnings continues to deteriorate, and that is a weight the market can not bear. The risk now is not just that S&P 500 stocks will move down to retest 2022's low but might move lower.
Next week will be a market-mover for sure. Not only is it a big week for earnings, but the CPI data is also due. The CPI is expected to show further cooling but, again, not enough to keep the FOMC from hiking interest rates at least 2 or 3 more times. The risk here is that consumer-level inflation will run flat or even accelerate from the previous month and confirm the need for more aggressive action from the Fed. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Auto/Tires/Trucks | |
Electric vehicle (EV) maker Rivian Automotive Inc. (NASDAQ: RIVN) is racing to ramp up production before the cash runs out. It produces and delivers EVs. It needs to bolster its production since low production on a high line results in more significant losses. The more it can produce to meet the c... Read the Full Story |
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Medical | |
AbbVie Inc. (NYSE: ABBV) stock is back to where it started after the day after posting a mixed fourth-quarter earnings report. The company delivered a slight beat on expected earnings but came in light on the top line.
Immediately after the report, ABBV stock gapped up 5.8% in pre-market tradin... Read the Full Story |
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Technology | |
Enterprise software maker Snowflake Inc. (NYSE: SNOW) has notched a three-month gain of 28.85%, far outpacing the S&P 500’s return of 9.32%. With a market capitalization of $52 billion, Montana-based Snowflake qualifies for S&P 500 membership but hasn’t yet gained admission to ... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Technology | |
Cloudflare (NASDAQ: NET) still has hurdles to overcome, but the bottom is in for this stock. The price action began showing a bottom in the middle of 2022, confirmed now by the Q4 results and the analyst activity they inspired. Market beat’s analyst tracking tools have picked up 6 new commen... Read the Full Story |
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Technology | |
Microsoft (NASDAQ: MSFT) proposed $66.7 billion acquisition of Activision-Blizzard (NASDAQ: ATVI) which has put regulators on high alert. The deal, which would make Microsoft the world’s third-largest gaming company, raised concerns about the concentration of power in big tech and sparked in... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
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Technology | |
While analysts are widely slashing earnings estimates for 2023, JinkoSolar Holding Co., Ltd. (NYSE: JKS), Halliburton Co. (NYSE: HAL), and Zscaler Inc. (NASDAQ: ZS) are among an elite group: Companies that have seen recent increases in earnings forecasts.
According to researcher FactSet, in Janu... Read the Full Story |
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Construction | |
While there’s conflicting economic and business sentiment about the home building industry, companies including D.R. Horton Inc. (NYSE: DHI), Lennar Corp. (NYSE: LEN), NVR Inc. (NYSE: NVR), PulteGroup, Inc. (NYSE: PHM), Toll Brothers Inc. (NYSE: TOL) are showing constructive chart action in ... Read the Full Story |
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Consumer Discretionary | |
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 on the... Read the Full Story |
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Consumer Staples | |
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 market: brand strength an... Read the Full Story |
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Consumer Discretionary | |
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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Monday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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