Good MorningEquity markets tried to move higher for a 2nd day this week only to have the move reversed by midday. The price action is hopeful but weak in the face of mounting bearishness centered on inflation, interest rates, and their impact on the outlook for earnings. A report from Target confirmed again what everyone fears, the wave of strength brought on by the pandemic is fading quickly, and the pullback in consumer spending is about to begin.
The S&P 500 is at a critical juncture. If the index can not regain firm footing by the end of the week, it is in danger of a more profound decline. The action so far this week shows resistance at the short-term moving average and growing bearishness among short-term traders. In the even the index deepens its decline, the next targets for firm support are near 3,900 and 3,800. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Retail/Wholesale | |
Dollar stores have been winning the battle for retail dollars for the last few years. Since the onset of the global Covid-19 pandemic, dollar stores saw significant increases in foot traffic. Some of the biggest names in this space are Dollar General Corp. (NYSE: DG), Dollar Tree Inc. (NASDAQ: DLT... Read the Full Story |
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Auto/Tires/Trucks | |
Stellantis NV (NYSE: STLA) is the world’s third largest automaker behind Toyota Motor Corp. (NYSE: TM) at number two and Volkswagen AG (OTCMKTS: VWAGY) at number one. The company was born from a merger between Fiat Chrysler and the French PSA Group in January 2021. While Stellantis may not s... Read the Full Story |
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Retail/Wholesale | |
Advance Auto Parts (NYSE: AAP) and Autozone (NYSE: AZO) have been doing great business the last few years and growing in more ways than one. Today we have a bifurcation in the market that presents an opportunity for income and growth investors. While the growth-focused company has been growing and... 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 | |
Lucira Health Inc. (NASDAQ: LHDX) shares spiked up 264% to close at $0.52 on a massive 278 million shares traded on the announcement of FDA approval for its combination at-home COVID-19 and a flu test. The over-the-counter (OTC) 30-minute at-home rapid test can detect influenza A and B and the SAR... Read the Full Story |
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Technology | |
It is unlikely the Q4 results will send Zoom Video (NASDAQ: ZM) higher, but signs with the report suggest this company is set up well for a broad economic rebound when it is ready to begin. The company’s metrics show the heydeys of triple-digit growth are over but have been replaced with a m... 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.
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Energy | |
There are many stories regarding the Occidental Petroleum (NYSE: OXY) narrative for investors. One of those stories is Warren Buffet. Mr. Buffet and Berkshire Hathaway own 26% of the company and have the approval to buy up to 50% and yet haven’t made a purchase since September 2022. Why is t... Read the Full Story |
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Consumer Discretionary | |
Cruise operator Royal Caribbean Group Ltd. (NYSE: RCL) is experiencing a record WAVE season, typically the first few months of the year when customers take advantage of cruise promotions. The seven biggest booking weeks in the company's history have occurred since November 2022.
Many industries l... Read the Full Story |
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Retail/Wholesale | |
The answer is probably not soon when Target Corporation (NYSE: TGT) breaks out of its trading range. Several factors could hold the market back in 2023, but this is an opportunity for long-term investors. The declining outlook for earnings, valuation, and tepid analyst activity may keep the stock ... Read the Full Story |
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Retail/Wholesale | |
Fast casual restaurant Wingstop Inc. (NASDAQ: WING) stock has been defying all odds screaming to a new all-time high of $193 on Feb. 22, 2023. A combination of solid earnings and a short squeeze has caused shares to resist the macroeconomic market pressures. It competes with other fast-food and ca... Read the Full Story |
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Basic Materials | |
Warren Buffet said, "The market is a system of transferring money from the impatient to the patient." This saying and the underlying implications could not go better with what is going on with this latest quarterly announcement.
Daqo New Energy (NYSE: DQ) shares have declined by roughly 6.5% in t... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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