Good MorningIf the first trading day of the year can be used as a guide it looks like 2023 is going to be another down year. The S&P 500 opened with gains and moved higher only to hit resistance at the short-term 30-da EMA where it triggered selling. The remainder of the day saw the market under pressure and down more than 1.0% at the low of the session. The truly bad news is that the index confirmed resistance at a key level and the price action suggests more down days are ahead of us.
The catalysts this week will be economic in nature. The key read for the week is on Friday in the form of the NFP report but there are other important data points due out as well. Next week, things change with the start of peak Q4 reporting season which is not expected to be a good one. While the analysts are upgrading a number of stocks with the start of the year the bulk of the analyst's activity is bearish and that trend is likely to continue. Featured: Watch This Biotech Stock... (Weekly Investor Alerts) 
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Tech | | | Asian shares were mixed Tuesday, as worries in the region about the coronavirus omicron variant tempered market optimism set off by a rally on Wall Street.
Japan's benchmark Nikkei 225 jumped 1.7% in morning trading to 29,278.31 as markets reopened after the New Year holidays. Among ... Read the Full Story |
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Markets | | | Shares of Tesla (NASDAQ: TSLA) are in a buy zone, following a 13.53% gap higher on the first day of trading for the new year. Tesla closed Monday at $1199.78, up $143, in heavier-than-normal trading volume. The stock got a boost after releasing unit sales data for the fourth quarter and the full year of 2021. Read the Full Story |
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Markets | | | Returns — and the results of unique phenomena in 2021 — may look different in 2022. Will the end of the bull run come closer and the perks (good things) that occurred in 2021 keep up in 2022? Let's explore some possibilities. Read the Full Story |
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From Our PartnersPres. Biden recently warned about China's dominance when it comes to lithium demand, stating, "if we don't get moving, they're going to eat our lunch." One junior mining company in South America is looking to become a strong link in the lithium supply chain due to a monster acquisition. | | Get the full scoop on this investment opportunity here. |
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Stocks | | | We like the analysts not so much for what any single one of them has to say but for the sentiment, and trend of sentiment, within the analyst’s community. The more analysts on board a market the more depth and when the analyst’s sentiment is trending higher or lower it can really move price action. Read the Full Story |
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Politics | | | OPEC and allied oil-producing countries are expected to press ahead Tuesday with restoring cutbacks in output made during the depths of the coronavirus pandemic as hopes grow that travel and demand for fuel will hold up despite the rapid spread of the omicron variant.
Analysts say the... Read the Full Story |
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From Our PartnersThis company offers a massive market, significant growth and a huge opportunity for everyday investors...
Why? Because they're publicly traded and specialize in a breakthrough medical discovery...
Keep your eyes on this stock in 2022 - it could be huge. | | Click here for the details on this early investment opportunity |
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Markets | | | Asian shares were mostly higher Tuesday despite worries about rising numbers of cases of coronavirus in the region.
Japan’s benchmark Nikkei 225 jumped 1.8% to 29,301.79 in Tokyo's first trading day of 2022. Shares also rose in Australia and South Korea, but edged lower in Hong Kong ... Read the Full Story |
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Markets | | | Global shares were mostly higher Tuesday despite worries about rising numbers of coronavirus cases.
France's CAC 40 added 0.7% in early trading to 7,266.59, while Germany's DAX edged up 0.3% to 16,064.91. Britain's FTSE 100 gained 1.2% to 7,475.46. The future contract for the Dow ind... Read the Full Story |
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Tech | | | The fraud conviction of former Theranos CEO Elizabeth Holmes could offer Silicon Valley's culture of hubris and hype some valuable lessons.
Will anyone in the tech industry actually take this moment to heart? Don't count on it.
Holmes was found guilty on Monday of dupin... Read the Full Story |
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Markets | | | Iconic diner chain Denny’s, Inc. (NASDAQ: DENN) stock saw growth slow in the latter part of the year with the rise in COVID and supply chain disruptions. The Company has 70% of its domestic stores operating on average 18 hours per day and 45% operating at 24 hours per day, seven days a week. T... Read the Full Story |
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Markets | | | Chipotle Mexican Grill (NYSE: CMG) caught our eye as the 5th most upgraded stock in 2021 and the most upgraded name among the restaurants. While we don’t like playing follow the leader with the analysts we do like it when the analysts are touting the same names we are interested in. Read the Full Story |
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The Early Bird Stock Of The Day Armstrong World Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products. It serves commercial and residential construction markets, as well as renovation of existing buildings sectors. The company sells its products to resale distributors, ceiling system contractors, wholesalers, and retailers comprising large home centers. Armstrong World Industries, Inc. was founded in 1860 and is headquartered in Lancaster, Pennsylvania. | | View Today's Stock Pick |
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