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: Trump goes "all-in" on Grand Canyon energy breakthrough (Ad) 
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Consumer Discretionary | |
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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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
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Healthcare | |
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 | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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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 | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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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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Consumer Discretionary | |
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 Staples | |
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 Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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