Good MorningEquity markets seesawed on Tuesday as investors and traders brace for what could be a very bad Retail Sales figure. That figure is due out today and could show that retail sales are down -1.0% or more compared to last year. This is big news for the market because it means price hikes no longer offset a decline in volume that began early in 2022. In this light, the recession has begun, and it will most likely get worse before it gets better.
The takeaway is that earnings growth is off the table for most S&P 500 companies in the first half of 2023. The question is how bad the decline will be and how the outlook for the 2nd half will unfold. Last year, there was supposed to be an improvement in the 2nd half that never fully materialized and was offset by inflation and interest rates. That situation may unfold again this year and leave the S&P 500 index at or below 3,500 at year-end.
Featured: One Stock To Own During 2023’s Recession (Darwin) 
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PepsiCo, Inc (NYSE: PEP) may be a popular soda company, but they have had trouble developing a winning lemon-lime product to compete with industry leader, Sprite. Distributed by The Coca-Cola Company (NYSE: KO), Sprite has led the industry since its introduction in 1961, and it appears that Pepsi'... Read the Full Story |
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As a member of the 30-stock Dow Jones Industrial Index and a heavily-weighted component of the S&P 500, Johnson & Johnson (NYSE: JNJ) is a stock that naturally gets a lot of attention from investors.
The stock has been struggling to break out of a correction that began in April last year.... Read the Full Story |
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Stocks | | | Asian shares were mostly lower Wednesday after Japan’s central bank kept its lax monetary policy unchanged, contrary to speculation it would yield to pressure to tighten credit to counter rising inflation.
Benchmarks rose in Tokyo and Sydney but fell in Seoul, Hong Kong and Shanghai.... Read the Full Story |
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From Our PartnersNo matter what happens in the market; finding good companies to invest in when their stock prices are low is one of the best ways to build wealth using the stock market.
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The airline industry has been in rally mode since late last month, and Alaska Air Group Inc. (NYSE: ALK) is one of the stocks leading the way in the past two weeks.
Others that have taken flight lately include United Airlines Holdings Inc. (NASDAQ: UAL), American Airlines Group Inc. (NASDAQ... Read the Full Story |
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Markets | | | Share are mixed in Europe and Asia, with Tokyo gaining more than 2% after Japan's central bank kept its lax monetary policy unchanged, dispelling speculation it would yield to pressure to tighten credit Read the Full Story |
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From Our PartnersNo matter what happens in the market; finding good companies to invest in when their stock prices are low is one of the best ways to build wealth using the stock market.
(**By clicking link you are subscribing to The Premium Market News Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.)
| | | | These stocks could grow 10X their current price. |
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Markets | | | U.S. Treasury Secretary Janet Yellen sits down with her Chinese counterpart Wednesday in the highest-ranking contact between the two countries since their presidents agreed to look for ways to improve relations that have grown increasingly strained in recent years.
Yellen's first face... Read the Full Story |
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Markets | | | United Airlines reported fourth-quarter profit and revenue higher than Wall Street expectations and gave a bullish 2023 forecast that assumes people will keep traveling despite inflation and concern about the economy.
After the stock market closed Tuesday, United said it earned $843 m... Read the Full Story |
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Cathie Wood is an American investor best known as the founder, CEO, and CIO of ARK Investment Management, a firm specializing in actively managed exchange-traded funds (ETFs). Wood began her career as an analyst on Wall Street and later moved to institutional investment management. She is renowned... Read the Full Story |
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Markets | | | Emerson Electric Co. is going public with its $7.6 billion bid for National Instruments, saying the company has avoided serious buyout negotiations since early last year.
Emerson bumped up its cash offer for the maker of scientific measuring equipment and software to $53 per share in... Read the Full Story |
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Even as it pulled back along with the broader market, insulin pump maker Insulet Corporation (NASDAQ: PODD) was finding support along its 50-day line and remained in the buy range with a possible early entry point.
Since mid-November, the stock has been forming a flat base below a previous high o... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items. This segment markets and sells its products under various brands, which include Colgate, Darlie, elmex, hello, meridol, Sorriso, Tom's of Maine, Irish Spring, Palmolive, Protex, Sanex, Softsoap, Lady Speed Stick, Speed Stick, EltaMD, Filorga, PCA SKIN, Ajax, Axion, Fabuloso, Murphy, Suavitel, and Soupline to a range of traditional and eCommerce retailers, wholesalers, and distributors. It includes pharmaceutical products for dentists and other oral health professionals. Its Pet Nutrition segment offers pet nutrition products for everyday nutritional needs under the Hill's Science Diet brand; and a range of therapeutic pet products to help nutritionally support dogs and cats in different stages of health under the Hill's Prescription Diet brand. This segment markets and sells its products through pet supply retailers, veterinarians, and eCommerce retailers. Colgate-Palmolive Company was founded in 1806 and is headquartered in New York, New York. | | View Today's Stock Pick |
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