Good MorningEquity markets wobbled on Tuesday following an unexpectedly hot read on consumer inflation. The January read on the Consumer Price Index showed inflation cooling versus last year but less than expected as near-term inflation reaccelerates. The acceleration in inflation is driven by wage inflation and new troubles within the supply chain. Inventories are on the rise across the S&P 500 universe, driving up the cost of storage.
Wednesday's action could bring more trouble for an already tired market. The January retail sales figures is due out and it could be an alarming number. The consensus is for retail sales to have increased versus the previous month despite the typical post-holiday slowdown and impact of inflation. In this light, the Retail Sales figure might not just be bad, it might be very bad and point to increasing weakness within the economy. The takeaway, as always, is that poor retail sales figures will equate to lower expectations for S&P 500 earnings. Featured: The suits might come after me for showing you this (Ad) 
|
Technology | |
What do technology stocks have in common with the 1999 St. Louis Rams?
Both are amazing worst-to-first stories.
Ok, so this year’s technology stock reversal isn’t as impressive as the Rams’ Super Bowl victory the year after a 4-12 season. Still, tech’s leadership to kick ... Read the Full Story |
|
From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
|
Technology | |
Enterprise and government software platforms provider Palantir Technologies Inc. (NASDAQ: PLTR) stock surged 13% on its Q4 2022 earnings release. After 19 years, the Company had its first GAAP profitable quarter. The blossoming mainstream interest in artificial intelligence (AI) has also bolstered... Read the Full Story |
|
Auto/Tires/Trucks | |
If this year’s stock market were likened to a weight lifting exercise, it would be a shoulder shrug.
Investors shrugged off recession talk and mixed earnings reports on Monday to erase much of last week’s losses. It was another example of a ‘buy the dip’ mentality that has... Read the Full Story |
|
From Our Partners | | Roger Scott just unveiled a day-trading tool designed to identify the first wave of institutional buying before a full order moves through the market - potentially in minutes.
On April 14th, the tool flagged early institutional buys on HOOD at 9:45 am, delivering a 24% return in 6 minutes. Minutes later, a signal on MSTR locked in a 33% return in 12 minutes. Free access is available now. | | Secure your free pass to the real-time institutional order tracker today |
|
Basic Materials | |
With the outlook for earnings trending lower, companies like Ecolab (NYSE: ECL) are coming into the spotlight. This company, as unexciting as it is, is producing growth in a no-growth environment and guiding for more of the same in F2023. This means that its 33X valuation may not matter for the ma... Read the Full Story |
|
Auto/Tires/Trucks | |
LCI Industries (NYSE: LCII) Q4 headline results give reason to worry, but the worry is largely misplaced. The company experienced a sharp contraction in business and a sharper contraction in the margin that hurt results for this quarter but set it up for smoother sailing for the remainder of the y... Read the Full Story |
|
From Our Partners | | Roger Scott spent twenty years on Wall Street moving billions through the market. Now he's exposing the 'empty chair' signal he says sits behind the most stunning stock moves retail investors rarely hear about.
The same signal reportedly triggered a 138% return on WMT in two weeks and a 157% return on Cencora in one week, according to his research. | | Watch Roger Scott reveal the empty chair signal today |
|
Consumer Staples | |
Analysts' sentiment toward The Coca-Cola Company (NYSE: KO) has been firming all year as evidenced by the rising price target. The Marketbeat.com consensus price target is up versus last year, last quarter and last month due to a growing number of increases and this trend should continue now that ... Read the Full Story |
|
Retail/Wholesale | |
After years of struggling with COVID-related conditions, a sketchy restaurant rebound, supply chain hurdles and labor shortages it looks like Denny’s Corporation (NASDAQ: DENN) stock is about to hit a grand slam. The company’s Q4 results were filled with positive developments setting t... Read the Full Story |
|
Technology | |
Artificial intelligence stocks are one of the hottest themes in the stock market right now, and for a good reason. Seeing the impressive power of ChatGPT, big tech firms are racing to develop the best AI chatbot. Microsoft has the first-mover advantage of implementing ChatGPT into its products. St... Read the Full Story |
|
Business Services | |
Mobile advertising and app monetization platform provider AppLovin Co. (NASDAQ: APP) stock gapped nicely on its Q4 2022 earnings release. Applovin provides app developers tools and services to grow and monetize their apps with users and advertisers. It also provides analytics and cross-promotion o... Read the Full Story |
|
Markets | |
Bedding products manufacturer Tempur Sealy International Inc. (NYSE: TPX) stock has been quietly rising towards all-time highs. The world's largest bedding provider makes high-end memory foam and innerspring mattresses under premium brands Tempur-Pedic, Stearns & Foster, and Sealy.
It also ma... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes, and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; field-programmable gate array (FPGA) products; and application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications. In addition, the company offers serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and non-volatile memory technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. The company was incorporated in 1989 and is headquartered in Chandler, Arizona. | | View Today's Stock Pick |
|
