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: Elon’s big $266,000 per second purchase (Ad) 
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Energy | |
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 Agency sai... Read the Full Story |
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Technology | |
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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Transportation | |
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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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Medical | |
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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Consumer Discretionary | |
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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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Technology | |
ServiceNow (NASDAQ: NOW) revealed in an SEC filing that its CEO William McDermott sold about $25 million worth of shares. The market retreated on the news, but the ultimate takeaway is, so what? Insiders own a slim 0.28% of the company, and he’s not the only one trimming their holdings.
At ... Read the Full Story |
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Consumer Staples | |
In June 2022, shares of The Clorox Co. (NYSE:CLX) dipped as low as $120.50, marking a messy 50% plunge from their all-time high. Loyal shareholders of the bleach maker that rode out the decline are now cleaning up.
Clorox is up nearly 30% since last summer, aided by Friday’s 10% surge that ... Read the Full Story |
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Retail/Wholesale | |
Despite some coolness over the past three sessions, shares of e-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) are still up 25% since their January low. This is more like the Amazon of old, whose gravity-defying stock made it one of the buys of the past decade.
But it’s been a choppy year s... Read the Full Story |
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Technology | |
As ChatGPT continues to make big headlines surpassing over 100 million users in just over two months, investors are desperately piling into any stocks that are artificial intelligence (A.I.) related. Some of the notable movers have been enterprise A.I. platform C3.ai Inc. (NASDAQ: A.I.), robotic a... Read the Full Story |
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Construction | |
Valuation: Projections behind the magic
All investments are worth the present value of all future cash flows, a saying I can repeat until I am blue in the face. In the case of Anhui Conch, we can take a look at the following projections to derive such cash flows:
Considering a possible slo... 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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