Good MorningEquity markets went on a wild ride Wednesday following comments from Fed chief Jerome Powell. Mr. Powell indicated that a deflationary period had begun, but it would be quite a while before it was fully tamed. He went on to say the committee wanted to be certain inflation was under control which should be taken to mean high-interest rates will last well into 2024 if not longer. The takeaway for the market is that high inflation is on the way out, but the downward pressure on economic activity and S&P 500 earnings will remain.
The S&P 500 gained more than 1.25% at the high of the day on Wednesday and closed above 4,150, but it is not out of danger yet. The 4,150 level marks the lower boundary of a zone of resistance that has yet to be broken. If the index can get above 4,300, a more sustained rally may form, if not the index is destined to remain rangebound in 2023. Featured: Former CIA Advisor: Biden bombed Nord Stream (Paradigm Press) 
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Stocks | | | Stocks closed higher on Wall Street after the head of the Federal Reserve signaled last week’s stunningly strong jobs report isn’t likely to change where interest rates are heading on its own, as some investors had feared Read the Full Story |
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From Our PartnersDemocrats blundered by relying on foreign powers for oil. Now that decision has backfired and it could send this American oil stock soaring. | | | | Learn more here. |
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The 4th quarter earnings reporting season is about halfway over the results are pretty clear. Q4 earnings growth was even worse than previously expected, and the outlook is dimming for the S&P 500 but the news is not all bad. Some of the companies hit worst by corrective action in 2022 are sta... Read the Full Story |
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Shares of Vaccinex, Inc. (NASDAQ: VCNX) are charging higher on February 7 on news that the clinical-stage biotechnology company secured a patent. VCNX stock increased by more than 20% in pre-market trading on the news. The stock has dropped about 10% since the market opened but is still holding to... Read the Full Story |
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From Our PartnersIn the next 75 days, I predict Americans will face fuel shortages, widespread blackouts, empty grocery shelves, $1000 energy bills, drained retirement accounts… and a new crime wave. | | | | See my full warning here. |
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Stocks | | | Hundreds of demonstrators from India’s main opposition party have gathered in New Delhi and other cities to demand regulators investigate allegations of fraud and stock manipulation by India's second-biggest conglomerate, headed by coal mining tycoon Gautam Adani Read the Full Story |
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Solar energy stocks like Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), and SolarEdge Technologies Inc. (NASDAQ: SEDG) are setting up in bullish patterns that could precede new rallies.
Despite some dropoff in solar capacity last year, the U.S. Energy Information Agenc... Read the Full Story |
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Stocks | | | Stocks are opening mostly lower on Wall Street, but gains in some tech stocks were pushing the Nasdaq barely higher. The S&P 500 index fell 0.2% in the early going Tuesday and the Dow Jones Industrial Average fell 0.4%. A solid gain in Microsoft nudged the Nasdaq up 0.1%. Treasury yields held st... Read the Full Story |
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Hertz Global Holdings (NASDAQ: HTZ) has had its share of hurdles since 2020, but it, like the travel industry, is in the midst of a rebound that is not expected to stop in 2023. Global tourism, in general, is expected to grow by 30% in 2023, which is great news for players from AirBNB (NASDAQ: ABN... Read the Full Story |
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Microsoft (NASDAQ: MSFT) deal or not, the calendar Q4 results, outlook and analysts' activity suggest Activision Blizzard (NASDAQ: ATVI) is the clear choice for gaming investors. The results not only shine in relation to its competitor Take-Two Interactive (NASDAQ: TTWO) but the analyst activity i... Read the Full Story |
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Politics | | | Going into Tuesday's State of the Union address, President Joe Biden sees a nation with its future aglow.
Republicans take a far bleaker view — that the country is beset by crushing debt and that Biden is largely responsible for inflation. And the GOP now holds a House majority intent... Read the Full Story |
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Tech | | | Japanese investor SoftBank Group reported Tuesday that it sank into a deep loss for the October-December quarter, slammed by the global plunge in technology shares.
SoftBank Group Corp. racked up a 783 billion yen ($5.9 billion) loss for the fiscal third quarter, a reversal from the ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services. It provides truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads, certain short-line railroads, and asset-based intermodal equipment; and domestic and international air and ocean services. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment industries. The Insurance segment provides risk and claims management services; and reinsures risks of the company's independent contractors. It markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was incorporated in 1991 and is headquartered in Jacksonville, Florida. | | View Today's Stock Pick |
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