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: 5 dividend stocks worth owning in any market condition (Ad) 
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Auto/Tires/Trucks | |
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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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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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 |
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Retail/Wholesale | |
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 |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Consumer Discretionary | |
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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Retail/Wholesale | |
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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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 |
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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 |
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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 |
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Retail/Wholesale | |
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 |
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Basic 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 |
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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 |
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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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