Good MorningEquity markets rebounded on Tuesday following Monday's plunge after CPI data came in as expected and increased expectations for the Fed to hike rates by only 25 basis points at the next meeting. The CPI data shows cooling, but its quality is dubious as inflation remains hot and core inflation accelerated compared to the previous month. In this light, the FOMC should not be expected to let up on economic pressure, even with signs of distress in the financial sector. It is those signs of distress the FOMC needs to see to know its policies are working. The next FOMC meeting is only a week away.
Retail sales will be the news of the day on Wednesday. Retail sales are expected to fall by -0.4% and may come below expectations. In this scenario, the outlook for retail sales and revenue in the discretionary sector will take another hit and drag the outlook for the S&P 500. As it is, the consensus for Q1 earnings has fallen below -6.0% and trending lower. Assuming analyst consensus estimates trend, as they have for the past 2 years, the S&P 500 will post negative growth for the year as well. Featured: The AI IPO window is opening fast (Ad) 
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Markets | |
On February 3rd, word that activist investor Ryan Cohen took a stake in Nordstrom, Inc. (NYSE:JWN) jettisoned the stock 25% higher in heavy volume. This extended a strong start to the year for the department store.
Nordstrom shares have since declined 35% to return to mid-December 2022 levels. I... Read the Full Story |
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From Our Partners | | Elon Musk bought Super Bowl ad time at $266,000 per second - something he has never done before. 125 million Americans watched, but Whitney Tilson, former manager of a $200 million hedge fund, says most investors missed what it actually means.
With 1 in 3 Super Bowl viewers using buy-now-pay-later services and 40% of Americans carrying more credit card debt than savings, Tilson believes Elon's message reveals a major economic current - and a clear signal for where smart money should be positioned. | | Watch Tilson's free presentation to see what he thinks you should do now |
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Retail/Wholesale | |
Retail department store chain Macy’s Inc. (NYSE: M) stock spiked on its Q4 2022 earnings beat and subsequent guidance raise for full-year 2023. The headline numbers were impressive. Retailers have suffered from normalization and margin compression amidst a pullback in consumer discretionary ... Read the Full Story |
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Markets | |
Avid Bioservices Inc. (NASDAQ: CDMO) is a contract development and manufacturing organization (CDMO) that specializes in producing monoclonal antibodies, biologics, and novel proteins for biotech, healthcare, and pharmaceutical companies. Monoclonal antibodies were a hot topic of discussion during... Read the Full Story |
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From Our Partners | | The U.S. Treasury still carries America's gold reserves at $42 per ounce — a price set generations ago. Buried in U.S. Code Title 31, Section 5117 is a provision allowing the Treasury to revalue those reserves to modern market prices. With gold now trading above $2,600 and record government debt putting pressure on the monetary system, attention is returning to this mechanism and what a revaluation could mean for the dollar and for private gold holders. Historically, when monetary systems shift, wealth doesn't disappear — it moves. The U.S. Gold Bureau has put together a complimentary Precious Metals IRA investor guide for Americans looking to understand how to position ahead of the next phase. | | Request Your Free Precious Metals IRA Guide from the U.S. Gold Bureau |
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Technology | |
GitLab (NASDAQ: GTLB) fell more than 30% at the open due to weaker-than-expected guidance, but the analysts have come out to defend the stock. While the guidance was weak, it was only moderately weak, and at least one analyst thinks the outlook is cautious. Evidence within the Q4 results shows mom... Read the Full Story |
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Medical | |
While it is not the only factor to consider, the annual dividend can solidify whether a stock will benefit you financially. And among the many industry sectors to invest in, healthcare can be one of the most stable, especially regarding the dividend yield. Indeed, big dogs like Johnson & Johns... Read the Full Story |
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From Our Partners | | This feels like one of those ''where were you when Kennedy was shot'' moments. It felt like a moment in time, but that single shot started an avalanche of investigations, accusations, and conspiracy theories.
That's what you just witnessed with the death of the Ayatolla Khamenei.
Because the strikes proved how fragile things can get: billions could be lost. Seniors and the vulnerable put at risk. | | So to make it easy, Get the 2026 Retirement Survival Guide. Plain-English, step-by-step |
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Finance | |
Shares of crypto exchange Coinbase Global Inc (NASDAQ: COIN) traded up as much as 10% in Tuesday’s pre-market session off the back of a broad rally in crypto. A 20% rally in Bitcoin alone was enough to send investors back into crypto associated stocks, of which Coinbase is always one of the ... Read the Full Story |
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Transportation | |
Several airlines, from United Airlines (NYSE: UAL) to Spirit Airlines (NYSE: SAVE), have come out with updated guidance that points to headwinds in Q1. The news has the stock prices moving in different directions today, but the takeaway is clear. Headwinds are present in Q1, but demand remains hig... Read the Full Story |
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Consumer Discretionary | |
If results from Dick’s Sporting Goods (NYSE: DKS) can be used as a guide, Academy Sports and Outdoors (NASDAQ: ASO) is a buy for 2023. Both stocks are trading at a value to the broad market, Academy Sports and Outdoors at a discount to Dick’s, and Dick’s results were more than im... Read the Full Story |
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Finance | |
When everyday citizens got a whiff of what the collapse of Silicon Valley Bank (NASDAQ: SIVB) could mean for their personal checking accounts held at local small banks, a craze unfolded affecting many of these small financial institutions without reasonable cause.
On one end markets are seeing mo... Read the Full Story |
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Medical | |
DocGo Inc (NASDAQ: DCGO) has emerged as a buyable growth stock for 2023, which is saying something. The fallout from SVB’s collapse is yet to be felt and will impact growth names this year. Like all stock varieties, not all growth stocks are the same, and DocGo is proving resilient and able ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands. This segment also offers domestic and international television studio operations, including CBS Studios, Paramount Television Studios, and Showtime/MTV Entertainment Studios; CBS Media Ventures, which produces and distributes first-run syndicated programming; and digital properties consisting of CBS News Streaming and CBS Sports HQ. The Direct-to-Consumer segment provides a portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, BET+, and Noggin. The Filmed Entertainment segment produces and acquires films, series, and short-form content for release and licensing around the world, including in theaters, on streaming services, on television, through digital home entertainment, and DVDs/Blu-rays; and operates a portfolio consisting of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness, and Miramax. It also offers production, distribution, and advertising solutions. The company was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. The company was founded in 1914 and is headquartered in New York, New York. Paramount Global is a subsidiary of National Amusements, Inc. | | View Today's Stock Pick |
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