Good MorningEquity markets had a strong week and finished on a high note, but the S&P 500 is not out of the woods. While bank earnings were better than expected, the outlook for activity in the year's first half is still in decline. The banks revealed increases in credit reserves and credit losses, which will weigh on earnings if an economic recession takes hold.
This week will be another test for the market, both with economic data and earnings. There are several reports, including the monthly retail sales figure, which is among the most important. Retail sales underpin the US economy, and Macy's report highlights cracks in the sector. Peak shopping periods were better than expected in Q4 but offset by weaker-than-expected off-peak times, and we are heading into an off-peak time of year for the consumer.
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Markets | | | Shall we turn 2023 into a bounce back year for our retirement portfolios?
How about we shoot for, say, 23% total returns?
The surest way to do it is by employing a technique I call the dividend magnet.
It’s safe. Reliable. And works beautifully on the back side of a bear market.
I recently gave a gu... Read the Full Story |
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From Our PartnersWithin 10 days of taking office, President Trump signed "Executive Order 13771" in an effort to win the battle for what 60 minutes said could be "the most consequential discovery in biomedicine this century." | | | | So why did Biden repeal this? |
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Industrial power solutions company General Electric Company (NYSE: GE) stock has climbed over 20% in 2023 as positive sentiment for its restructuring gains steam. General Electric has been divesting its businesses for the past several years. Some well-known past spin-offs include oilfield services... Read the Full Story |
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Markets | | | Stocks closed higher on Wall Street Friday to give the S&P 500 its best week in two months as earnings reporting season gets underway and CEOs begin to show how well or poorly they’re navigating high inflation and a slowing economy.
The year has begun on Wall Street with optimism ... Read the Full Story |
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From Our PartnersIt's going to cost the Russian economy trillions of dollars. It's already sending energy prices skyrocketing. AND... it's creating one of the most predictable and potentially profitable investment situations I've seen in 40 years. A single energy stock is expected to benefit so much from this situation...they've already seen a 2,400% jump in profits. | | | | Get the details on the company here. |
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The Roku Inc (NASDAQ: ROKU) stock price has gained an impressive amount over the past five days, thereby reversing the sell-off of its share over the past month.
The TV streaming stock is up 15.67% from Jan 6 and closed 0.37% higher in yesterday's trading session.
Roku's stock price appreci... Read the Full Story |
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The Bed Bath & Beyond (NASDAQ: BBBY) stock price has been on an enormous rally over the past five days by all accounts, it looks set to continue.
The troubled retailer's share is up 261.38% over the past five days. Yesterday shares rose to 50.14% amid a flurry of trading volume seen on t... Read the Full Story |
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From Our PartnersFrom Brazil to Argentina to Cyprus, modern history is full of dangerous lessons about how desperate governments can get when things start getting rough. And if you think such a dangerous government misstep could never happen in the U.S. ... it already has. The American economy is cracking, and Fed Chair Jerome Powell can't do a darn thing to stop it. That leaves investors asking what they can do to protect themselves. The answer is laid out in this free emergency broadcast from Martin Weiss, PhD. | | Just click here to access the video. |
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Markets | | | Shares are mixed in Asia after Wall Street benchmarks ended last week on a high note.
Markets fell in Tokyo but advanced elsewhere in the region.
The year has begun with optimism that cooling inflation could lead the Federal Reserve to ease off soon on sharp interest ... Read the Full Story |
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Markets | | | Shares advanced in Asia on Monday after Wall Street benchmarks ended last week on a high note.
Tokyo’s Nikkei 225 was the outlier, giving up 1.2% to 25,810.10, but other regional indexes were higher.
Bangkok’s SET index jumped 4.3% on forecasts for a turnaround for th... Read the Full Story |
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Markets | | | Maine scored its first Mega Millions jackpot — and someone beat the ill fortune of Friday the 13th — when a ticket purchased in the state matched the winning numbers for the lottery's estimated $1.35 billion grand prize.
The lucky combination of numbers drawn late Friday night were: 3... Read the Full Story |
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Economics 101 ascertains that raising prices tends to drive down demand unless you fall under the elastic principle like alcohol, cigarettes, drugs, and Conagra Brands, Inc. (NYSE: CAG) consumer staples products. Some popular brands you will recognize include Slim Jim meat snacks, Orville Redenbac... Read the Full Story |
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Shares of JPMorgan Chase (NYSE: JPM) are moving lower after its report echoed news from across the banking sector. Institutions from Bank of America (NYSE: BAC) to Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) reported solid quarters that include the first signs of the economic storm Jamie Dimon... Read the Full Story |
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Monday's Early Bird Stock Of The Day Paychex, Inc., together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including integrated HCM technology solutions and HR advisory services through both virtual and on-site availability of a professionally trained HR representative, as well as HR support to non-payroll clients through its HR Partner Plus solution; and retirement services administration, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York. | | View Today's Stock Pick |
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