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: Sell these "safe" blue chips immediately (Ad) 
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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 |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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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 |
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Consumer Discretionary | |
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 |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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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 |
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Consumer Discretionary | |
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 |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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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 |
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Consumer Discretionary | |
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 |
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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 |
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Technology | |
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 |
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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 |
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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 |
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