Good MorningEquity markets beat a hasty retreat after rallying strongly on words from Fed Chief Jerome Powell. The takeaway today is that inflation has peaked but the impacts of FOMC rate hikes are ongoing. In this light, the slowdown in corporate earnings can be expected to worsen and lead to a prolonged earnings recession if not an actual recession. An earnings recession is when S&P 500 earnings decline for 2 or more consecutive quarters despite broader economic growth.
The remainder of the week could be a test for the market. There is not much in the way of economic data due out but there are still many earnings reports to sift through. If the remainder of the reporting season is as poor as the first half has been it is unlikely the S&P 500 will move anywhere but lower. Featured: Former CIA Advisor: Biden bombed Nord Stream (Paradigm Press) 
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The morning after it reported strong fourth quarter earnings, Enphase Energy, Inc. (NASDAQ: ENPH) is painting a confusing picture for investors. ENPH stock shot up nearly 4% in after-hours trading after the company’s earnings report.
However, the stock has given up all those gains an... Read the Full Story |
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From Our PartnersMorgan Stanley is warning of an "imminent recession" in Europe. The head of the European Central Bank says it is a "very dark downside scenario."
And one Virginia millionaire who predicted the housing crisis and called the bottom of the COVID market... says this could be devastating to U.S. stocks.
But only if ONE THING doesn't happen. | | | | See his shocking prediction here. |
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Large-cap clothing retailer TJX Cos. (NYSE: TJX) has been trading in a bullish zone along its 50-day moving average for the past several weeks.
It’s not alone, as other apparel retailers are also showing some good chart action as the broad industry began a rally in late October. ... Read the Full Story |
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The price action in Paycom (NASDAQ: PAYC) stock is down more than 8% following the Q4 earnings release but this is an opportunity for long-term investors. As hard as it is to see a stock fall, especially on such good news, these are the times that long-term investors can use to dollar-cost-average... 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 | | | Stocks are falling on Wall Street Wednesday, giving back some of their recent gains as uncertainty about interest rates and inflation continues to reign.
The S&P 500 was 1.2% lower in afternoon trading following another mixed set of earnings reports from big companies. The Dow Jo... Read the Full Story |
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Markets | | | Credit Suisse on Thursday reported a pre-tax loss of more than 1.3 billion Swiss francs (about $1.4 billion) in the fourth quarter of last year, as its new managers vie to right the top-drawer Swiss bank that has faced a string of setbacks in recent years.
The bank also announced the ... Read the Full Story |
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From Our PartnersWant to join a small community of investors looking for the next big
winners in 2023? These 3 Stocks are potential sky-high performers you should be watching heading into Monday. | | | | Click Here for Names & Ticker Symbols |
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Markets | | | PepsiCo reported better-than-expected sales in the fourth quarter after hiking prices for its drinks and snacks.
Revenue rose more than 10% to $28 billion. That was better than the $26.8 billion Wall Street had forecast, according to analysts polled by FactSet.
Pepsi’s ... Read the Full Story |
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Markets | | | The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger.
The job cuts amount to about 3% of the entertainment giant's global workforce and were unveiled after Disney reported... Read the Full Story |
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Markets | | | The Walt Disney Co.’s latest quarterly results topped Wall Street’s forecasts, as solid growth at the entertainment giant’s theme parks helped offset tepid performance in its video streaming and movie business Read the Full Story |
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The price action in CVS Health (NYSE: CVS) has been coiling up over the last 15 months and it looks ready to spring higher. The latest earnings report confirms the trend and trajectory of growth and has the market moving higher even now. What this means for investors is a multiple potential expans... Read the Full Story |
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Stealthy like UV Rays
Daqo New Energy (NYSE: DQ) has been quietly expanding its annual polysilicon production capacity from a mere 18,000 Metric Tons in FY2018 to a current 132,000 Metric Tons as of 3Q'22. This massive growth is shown in their achieved economies of scale and lower production cost... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Unifi, Inc., together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns. The company also provides recycled solutions made from pre-consumer and post-consumer waste, such as plastic bottle flakes, polyester polymer beads, and staple fiber. It offers recycled and synthetic products primarily to yarn manufacturers, knitters, and weavers that produces yarn and fabric for the apparel, hosiery, automotive, home furnishings, industrial, medical, and other end-use markets. The company sells its products through sales force and independent sales agents under the REPREVE brand. Unifi, Inc. was incorporated in 1969 and is headquartered in Greensboro, North Carolina. | | View Today's Stock Pick |
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