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: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Technology | |
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 and mor... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Healthcare | |
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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Technology | |
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 Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Consumer Discretionary | |
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.
TJX is u... Read the Full Story |
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Technology | |
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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From Our Partners | | Most options educators jump straight into Greeks, spreads, and implied volatility - losing beginners before they ever place a trade.
This free guide from Base Camp Trading takes a different approach, starting with the basics and showing you exactly how options work, why traders use them, and how they fit into a simple trading plan. | | Claim your free options guide and start building real trading knowledge |
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Consumer Discretionary | |
Chipotle Mexican Grill’s (NYSE: CMG) Q4 results were without spice and have left the market moving lower but this is no time to be selling this stock. While results were tepid in relation to the analysts' expectations there are mitigating factors that reveal the company’s true strength... Read the Full Story |
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Consumer Discretionary | |
V.F. Corporation (NYSE: VFC) just cut its dividend, which is sad, but there is good news. It looks like the cut was priced into the market (or getting priced in), and it is still an attractive payout. The company said it was “right-sizing” the dividend, which makes sense. The payout ra... Read the Full Story |
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Technology | |
Fortinet (NASDAQ: FTNT) soared in after-hours trading, with gains of almost 13% following its fourth-quarter earnings results. While the Sunnyvale-based cybersecurity firm recorded a modest beat on earnings ($0.44 vs. $0.39 consensus) and a slight miss on revenue ($1.28B vs. $1.30B consensus), i... Read the Full Story |
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Healthcare | |
It’s been a while since the Marketbeat team flagged a hot stock that had already logged a 300% rally but looked like it was going to go higher. But the New York-headquartered TG Therapeutics Inc (NASDAQ: TGTX) is worth every word. Their shares have tacked on as much as 275% since the middle ... Read the Full Story |
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Technology | |
SoundHound AI Inc. (NASDAQ: SOUN) stock has garnered some spotlight in the artificial intelligence (AI) mania of 2023. Microsoft Co. (NASDAQ: MSFT) multi-billion dollar investment in OpenAI has rocked the venture capital and private equity world. While ChatGPT has attracted the attention of the pu... 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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