Good MorningEquity investors face a tough decision in the weeks ahead. The FOMC is about to hike interest rates by another 50 basis points, and the S&P 500 is on the brink of what could be an abysmal earnings reporting season. The first reports from the banking sector were better than expected but resulted in a downtick in the outlook for Q1 and Q2 earnings, sure to bring the index down with it. The latest news is that analysts expect earnings to decline by at least 0.5% in the first half of 2023, and the estimates are still trending lower.
This week could be pivotal for the S&P 500. The latest read on retail sales is due on Wednesday, which could be weaker than expected. The consensus of economists is for sales to have fallen by at least 1.0%, including the impact of inflation which is up 6.0% versus last year. The takeaway is that economic activity in the retail sector is in contraction on both a volume and a dollar basis and will drag S&P 500 earnings power down with it. Featured: First look – Porter Stansberry’s Next Big Prediction (Porter & Company) 
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A few years back, the investment theme of Apple Inc. (NASDAQ: AAPL) suppliers was in vogue. While that’s not as popular as it once was, Apple component supplier mid-cap Jabil Inc. (NYSE: JBL) is up 14.24% in the past week as the stock broke out of a base that began in early December.
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From Our PartnersInvestigator warns: American Reset Incoming
Renowned financial analyst exposes a terrifying plot to reset not just your personal wealth, but the entire U.S. economic system. | | | | Click here now for all the details. |
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Politics | | | China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted.
The world's N... Read the Full Story |
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Markets | | | Asian shares were mostly lower Tuesday after China reported its economy expanded at a 3% pace last year, less than half 2021′s rate.
Tokyo advanced while most other regional markets declined. Investors are watching to see if Japan’s central bank will alter its longstanding policy of ... Read the Full Story |
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Markets | | | Asian shares were mixed Tuesday after China reported its economy expanded at a 3% pace last year, less than half 2021′s rate.
Investors are watching to see if Japan’s central bank will alter its longstanding policy of keeping its key interest rate at minus 0.1% when it wraps up a pol... Read the Full Story |
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Markets | | | World shares were mostly lower Tuesday after China reported its economy expanded at a 3% pace last year, less than half 2021′s rate.
European shares declined and Asian shares were mixed as investors watched to see if Japan’s central bank will alter its longstanding policy of keeping ... Read the Full Story |
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From Our PartnersWhile most folks are sitting on huge stock market losses… A secret group of investors are STILL making huge gains.
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Politics | | | China’s economic growth fell to 3% last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted Read the Full Story |
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Integrated healthcare and pharmacy retailer Walgreens Boots Alliance Inc. (NYSE: WBA) stock recovered some sell-off losses from its fiscal Q1 2023 earnings release. The nation's second-largest pharmacy chain may finally put its opioid litigation behind them. The Company and competitors CVS Health ... Read the Full Story |
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Michael Burry, also known as 'big short,' is a former hedge fund manager who has made legendary bearish calls over the last few decades.
Burry foresaw the subprime mortgage crisis of 2007 and made close to a billion dollars for his investors by taking short positions on the mortgage bond market.
... Read the Full Story |
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Casino operator Wynn Resorts Limited (NASDAQ: WYNN) stock is up +17% for 2023 as sentiment improves over the potential for a China re-opening in 2023. China has started to lift its zero-COVID restrictions after three years of lockdowns. How important is China, notably Macau, to Wynn? Macau used to... Read the Full Story |
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Alphabet (NASDAQ: GOOG) has evolved into becoming one of the world's most used tech companies and the most recognizable. Looking at some of the numbers: 99,000 searches are made on Google per second, and around 3.7 million videos are uploaded to YouTube every day.
Founded by Stanford Ph.D. studen... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. The company was incorporated in 1919 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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