Good MorningEquity markets did an abrupt about-face on Tuesday, shedding more than 1.25% at the session's low. The move was driven by news of weak iPhone sales in China, which caused Apple shares to fall 3%. The S&P 500 may recover from the move soon, but Apple may not. The market is heading lower due to the compounded effect of multiple bad news events that could shave several handles off of the P/E ratio.
The S&P 500 is due for a correction and may use this opportunity as an excuse to do it. The market is well above critical support at the prior all-time high and could retreat as deep as that before finding solid support. However, the market remains above the 30-day EMA, which may provide solid support and keep the rally intact. The biggest risk this week is the labor data, which is not due until Friday. Featured: The AI IPO window is opening fast (Ad) 
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Manufacturing | |
Chinese new energy vehicle (NEV) maker Li Auto Inc. (NASDAQ: LI) started the electric vehicle (EV) race with competitors Nio Inc. (NYSE: NIO) and Xpeng Inc. (NYSE: XPEV) on relatively even footing in the Auto/Tires/Trucks sector in 2020. As EV speculation hit the stock market, Xpeng and Li Auto re... 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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Medical | |
Beam Therapeutics Inc. (NASDAQ: BEAM) is a biotech company that specializes in developing precision gene therapies for hereditary diseases. The medical sector company is a pioneer in a proprietary gene-editing technique called base editing. Unlike CRISPR/Cas-9, popularized by CRISPR Therapeutics A... Read the Full Story |
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Medical | |
The Ozempic craze continues to make headlines in the medical sector, and GLP-1 drug stocks continue to surge higher. Shares of Ozempic and Wegovy makers Novo Nordisk A/S (NYSE: NVO) are already up 20% year-to-date (YTD). Mounjaro and Zepbound maker Eli Lilly & Co. (NYSE: LLY) shares are up 34%... 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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Markets | |
New trends are developing in the United States stock market, which will soon attract professional investors – and traders – into consumer discretionary stocks. These stocks are characterized by their high exposure to the underlying business and economic cycle. For specific reasons that... Read the Full Story |
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Transportation | |
Roughly a month ago, the market witnessed a news headline that would have halted trading for the day in Boeing (NYSE: BA). During a flight serviced by Alaska Air Group (NYSE: ALK), a door popped off in the middle of the air in one of Boeing’s 737 MAX 9 aircraft. Following the incident, Boein... 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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Retail/Wholesale | |
Restaurant stocks have defied expectations of inflation-induced decline and are among the market's top performers.
Mediterranean restaurant chain Cava Group Inc. (NYSE: CAVA) is one of the industry's standouts, returning 60.96% in the past three months. The Cava chart shows the stock is actionabl... Read the Full Story |
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Technology | |
Gitlab’s (NASDAQ: GTLB) Q4 results and guidance failed to satisfy the market expectations, sending the stock down 20%. The takeaway is that an AI-fueled bubble burst for this market, but the story is not over. As tepid as the guidance may be, the comps to consensus are overshadowed by sustai... Read the Full Story |
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Finance | |
Lemonade (NYSE: LMND) turned up on Marketbeat’s radar before the Q4 release, popping up for unusual call volume activity, highlighting its tradability if not a good trade. Investors hoping to cash in on a ramp in share prices were disappointed by the guidance, which soured the market and sha... Read the Full Story |
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Medical | |
UnitedHealth Group Inc. (NYSE: UNH) has given up almost all of its 12-month gains in the last week after two unrelated incidents have rocked the company. At the close of trading on March 1, 2024, UNH stock had lost more than $25 billion in market value.
The health insurance provider continues t... Read the Full Story |
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Technology | |
If you missed out on the 244% gain in Nvidia Corporation (NASDAQ: NVDA) in the past 12 months, you have impressive company. Cathie Wood, head of Ark Investment Management, sold NVDA stock in 2023 and never looked back.
Critics of Wood, of which there are many, will see this as more ammunition f... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services. The Energy segment refines and markets transportation fuels in the form of gasoline and diesel fuels, as well as renewable diesel; and manufactures nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. The Automotive segment sells automotive parts and materials, and retailed merchandise; offers automotive repair and maintenance services; and leases real estate properties. The Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings that are used to prepare and package processed meat products. The Real Estate segment is involved in the leasing of land, retail, office, and industrial properties; the development and sale of single-family homes; and the operation of country clubs. The Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. The Pharma segment offers pharmaceutical products and services. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida. | | View Today's Stock Pick |
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