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: Iran War: What Happened at 1:11 P.M. Outside D.C.? (Ad) 
|
Consumer Discretionary | |
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 |
|
From Our Partners | | The Department of Justice recently argued in court that cash isn't property - a claim that could reshape how much control you actually have over the money in your bank account.
If your balance isn't legally guaranteed to be yours, who really controls it? Three strategies may help you prepare before any restrictions take hold. | | Download the free guide to help protect your bank savings today |
|
Consumer Discretionary | |
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 indica... Read the Full Story |
|
Consumer Discretionary | |
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-pops ali... Read the Full Story |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Communication Services | |
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 |
|
Consumer Discretionary | |
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 |
|
From Our Partners | | The Department of Justice recently argued in court that cash is not legally property, raising new questions for savers as federal debt continues to climb.
Your IRA, 401k, and bank accounts are not hidden from view, prompting some Americans to look for ways to keep more control over their own wealth.
A free information kit outlines three strategies people are considering to help shield their savings from future policy changes. | | Get the free information kit and explore savings strategies now |
|
Technology | |
There are 2 narratives within the semiconductor industry and Applied Materials (NASDAQ: AMAT) is in the sweet spot regarding 2023. Those narratives are 1) spotty activity within the industry driven by oversupply and sluggish demand in end-markets like gaming and consumer products and 2) a shift t... Read the Full Story |
|
Finance | |
Cryptocurrency platform and exchange Coinbase Global Inc. (NASDAQ: COIN) stock has rallied 94% in 2023. While it may appear impressive, shares are still down 66%YoY, coinciding with the fall in bitcoin prices. Coinbase operates one of the world's largest crypto exchanges. Shares have rallied despi... Read the Full Story |
|
Communication Services | |
The world's largest travel guidance platform, Tripadvisor, Inc. (NASDAQ: TRIP), experienced strong travel demand in its Q4 2022 earnings release. It caused shares to gap 8% the following morning hitting a high of $27.30 before giving back all its gains and further selling off nearly 15% from its p... Read the Full Story |
|
Materials | |
Barrick Gold Corporation (NYSE: GOLD) is down 6% to close out the week in which the mining company reported its fourth-quarter earnings. Barrick had a one-cent beat on the bottom line but a slight revenue miss. For the fourth consecutive quarter, the company has posted lower revenue and earnings t... Read the Full Story |
|
Technology | |
E-commerce infrastructure platform Shopify Inc. (NYSE: SHOP) stock has dropped over 14% since its Q4 2022 earnings release. While the fourth-quarter performance was impressive, the cautious Q1 2023 outlook spooked investors. High inflation and macroeconomic uncertainty have tightened consumer wall... Read the Full Story |
|
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 |
|
