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: Sell these "safe" blue chips immediately (Ad) 
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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 |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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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 |
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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 |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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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 |
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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 | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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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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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 |
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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 |
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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 |
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Wednesday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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