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: This Single Fund Owns Every Major AI Stock and Pays Weekly (Ad) 
|
Consumer Staples | |
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 |
|
From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
|
Consumer Discretionary | |
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 |
|
Consumer Discretionary | |
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 |
|
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 |
|
Healthcare | |
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 |
|
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 |
|
From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
|
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 |
|
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 |
|
Consumer Staples | |
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 |
|
Consumer Discretionary | |
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 |
|
Technology | |
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 |
|
Wednesday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
|
