Good MorningEquity markets are bracing for what could be a very frosty winter for the stock market. The lingering rise in inflation coupled with the rise of FOMC interest rates has the outlook for S&P 500 earnings in decline and that is the single most important factor to lead the stock market. In this light, the S&P 500 could be expected to fall back to previous lows near 3,500 sometime early in the New Year. The question is when it will be hit and how low the bottom will be when the market gets there. If the outlook for earnings continues to deteriorate the S&P 500 could easily slip below support at the 3,500 level and continue its plunge deeper into correction territory.
The risk for the market this week is almost entirely in the economic data. There are several important reports due out this week including the ADP and NFP reports on employment. The takeaways will be the level of employment and the pace of wage inflation. If either holds true to trends that include steady job gains and mid-single-digit levels of wage inflation the market will not take the news well. Featured: Buy This $5 Stock Before Apple Car Announcement (IPM) 
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Markets | | | It’s rare to see two bad years in a row. I have a hunch that 2023 may rhyme with 2009. Bear markets don’t usually last longer than a year. A spectacular shakeout early in the year could set the stage for a steady grind higher later on.
That said, we contrarians don’t buy hunches. Until we see an edg... Read the Full Story |
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From Our PartnersEverything is lining up perfectly for a historic gold bull run. One gold research firm says they've found the best way to get in, for less than $5. | | | | MORE here... |
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Solar energy solutions provider First Solar Inc. (NASDAQ: FSLR) stock had an impressive 69% gain in 2022. Shares more than doubled from their July 2022 low of $60.96 to close the year at $149.79. Negative news, downgrades and negative blogs haven’t been able to stop First Solar shares from s... Read the Full Story |
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Stocks | | | Stocks gave up an early gain and ended lower Tuesday, a lackluster first trading day of 2023 for Wall Street just days after it closed the books on its worst year since 2008.
The S&P 500 shed a 1% gain and finished 0.4% lower. The Dow Jones Industrial Average slipped less than 0.1... Read the Full Story |
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From Our PartnersBecause of a rare situation unlike anything we've ever seen, Wall Street is now projecting a massive rise for this stock over the next 18 months. The consensus analyst price targets for the $30 stock are now up to $280. How is that possible? Well, when you see what this company actually does, you will understand. | | | | Watch this video for the full explanation of this business. |
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Markets | | | Asian stock markets are higher ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating its plans for more interest rate hikes to cool inflation Read the Full Story |
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In what was a forgettable 2022 for the S&P 500, the information technology sector declined -28%, on par with REITs for the year’s worst economic group.
A surge in interest rates, 40-year high inflation and the Russia-Ukraine conflict, put relentless pressure on technology and other grow... Read the Full Story |
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It's projected to be a rough year for Meta Platforms (NASDAQ: META) this year, according to analysts.
For one, the company's earnings are poised to shrink 10.14 percent. This means its earnings per share (EPS) will go down to $8.06 from $8.97 per share.
However, despite this reduction in... Read the Full Story |
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Markets | | | Stocks wavered Tuesday on Wall Street's first trading day of 2023 after closing out its worst year since 2008.
The S&P 500 gave up an early gain and was down 0.3% as of 10:05 a.m. Eastern. The Dow Jones Industrial Average fell 63 points, or 0.2%, to 33,081 and the Nasdaq fell 0.5%... Read the Full Story |
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Diversified energy utility Duke Energy Co. (NYSE: DUK) stock has been resilient throughout 2022 as shares closed out the year virtually flat compared to the (-20%) drop in the S&P 500 (NYSEARCA: SPY). The Company operates three divisions comprised of Electric Utilities and Infrastructure, Gas ... Read the Full Story |
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Markets | | | Major Japanese companies have grown more pessimistic about the economy, given higher costs and a weaker yen, according to a survey by Kyodo News.
The survey of 117 companies found just over half, or 56%, expect the economy to grow this year. That was down sharply from 84% a year earl... Read the Full Story |
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Analysts rated shares of Tyson Foods Inc. (NYSE: TSN) a hold, opting for caution throughout 2022. The MarketBeat analyst consensus rating creeped toward a bullish position. We estimate that the stock offers a potential value opportunity at around $60.
Tyson ranks as the fifth largest f... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Tempus AI Inc. is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. Tempus AI Inc. is based in CHICAGO. | | View Today's Stock Pick |
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