Good MorningEquity markets face a tough week with both the PCE Price Index due out on Friday and the outlook for earnings growth in deterioration. The latest word from Factset is the consensus estimates for all 4 quarters are trending lower, the 1st half of the year will see negative growth and the outlook for the back half has accelerated its decline. This is a dead weight for the market and the primary reason why the S&P 500 is unlikely to move higher or even remain as high as it is.
Regarding the PCE Price index? The PCE price index is the Fed's favored tool for measuring consumer-level inflation and will be hot. The CPI data foreshadows not only hot YOY inflation but an acceleration of inflation near-term that has 50 basis point rate hikes back on the table. If the data is even hotter than the CPI suggested the market sell-off could begin this week, it could be sharp and severe. Featured: Upside Potential for Investors... (TCS) 
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Markets | | | Jean Case, who rose to fortune and fame as an executive at American Online, has been a fan of impact investing since before it had that name.
It looks to invest in projects and companies that make a direct impact on society, like Warby Parker, the eyeglass retailer that distributes a... Read the Full Story |
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From Our PartnersHistorically, things like precious metals, consumer staples, commodities, utilities, health care, and transportation stocks have performed well in a bear market. That's why you should consider these four bear-proof stocks for the weeks and months ahead. | | | | Click here for details. |
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Streaming video platform Roku (NASDAQ: ROKU) stock has recovered 76.4% in 2023. Shares are still down (-55%) YoY, but indications appear that the worst may be behind them. The Company went from substantial profits to massive losses in 2022. The recent Q4 2022 earnings report suggests sluggish digi... Read the Full Story |
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Markets | | | Wall Street closed another bumpy week with a mixed performance on Friday amid worries that inflation is not cooling as quickly or as smoothly as hoped.
The S&P fell 0.3% after paring a bigger loss from the morning. The Dow Jones Industrial Average rose 129 points, or 0.4%, after ... Read the Full Story |
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From Our PartnersHe found Apple at $1.49... Oracle at $0.51... Amazon at $46. Marketwatch called him "The Advisor Who Recommended Google Before Anyone Else." Now, investing legend Louis Navellier is revealing his Top 11 Stocks for 2023. | | | | Click here to download your free copy. |
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Stocks | | | Stocks ended mixed on Wall Street after paring losses from the morning. The S&P 500 still posted its first back-to-back weekly declines since the turn of the year. The index lost 0.3% Friday. The Dow Jones Industrial Average rose, while the Nasdaq composite fell. Stocks have hit turbulence in Fe... Read the Full Story |
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Politics | | | No one in Godgift Inemesit’s family of eight is sure when they will eat each day — except for her three kids, two of whom have malaria. She can't pay for the drugs they need or feed the rest of her family regularly.
Like most Nigerians, the family's savings are trapped in the bank. A... Read the Full Story |
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Sportsbook giant DraftKings (NASDAQ: DKNG) was up 18% in early trading on Friday following strong earnings results, logging huge wins on revenue, repeat customers, and cost-cutting.
The report comes just a week after Super Bowl Sunday, the sportsbooks' biggest event of the year. Early data i... Read the Full Story |
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In the United States, ‘Amazon’ and ‘online shopping’ are virtually synonymous. It makes sense.
‘The Zon’ accounts for approximately 40% of domestic e-commerce sales — and that’s after the pandemic pushed both national retailers and mom-and-pop... Read the Full Story |
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Tech | | | A Tesla driver was killed and a passenger was critically injured Saturday when the car plowed into a fire truck that was parked on a Northern California freeway to shield a crew clearing another accident, fire officials said.
Four firefighters who were in the truck when it was struck ... Read the Full Story |
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Worldwide vehicle parts supplier and manufacturer Magna International Inc. (NYSE: MGA) is one of the most significant players in the automobile and electric vehicles (EV) space you’ve probably never heard of. It supplies auto parts to over 50 of the world’s largest automobile brands, i... Read the Full Story |
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Data is believed to be the oil of the 21st century, fueling a revolution into absolutely complex and wonderful industries like artificial intelligence (A.I.), clean energy engineering and development and even insights into more effective healthcare. I mean look at the record-breaking vaccine produ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company's integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada. | | View Today's Stock Pick |
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