Good MorningEquity markets started the week on a sour note with the S&P 500 falling more than 2.0% at the session's close. The move was driven by the reacceleration of inflation, rising interest rates and the new expectation this week's PCE price index will be hotter than before. In this light, the FOMC can be expected to continue raising interest rates and now another 50 basis point hike is back on the table.
Although labor markets indicate economic activity is still vigorous in the US, there is a shift from higher-paying quality work into lower-paying service jobs. This is fueling a contraction in S&P 500 earnings that is only going to get worse as the year progresses. With consensus estimates for S&P 500 earnings trending lower and nearing the 0.0% mark, it is likely the market will continue falling this week.
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Despite challenges, including inflation and staffing shortages, Chipotle Mexican Grill Inc. (NYSE: CMG), Wingstop Inc. (NASDAQ: WING) and Nathan’s Famous Inc. (NASDAQ: NATH) are restaurant-industry price-performance leaders.
Fast food and casual dining are often considered “rece... Read the Full Story |
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From Our PartnersIn the next 75 days, I predict Americans will face fuel shortages, widespread blackouts, empty grocery shelves, $1000 energy bills, drained retirement accounts… and a new crime wave. | | See my full warning here. |
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Stocks | | | Stocks tumbled to their worst day in two months Tuesday, buckling under worries about higher interest rates and their tightening squeeze on Wall Street and the economy.
The S&P 500 fell 2% for its sharpest drop since the market was selling off in December. The Dow Jones Industria... Read the Full Story |
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Arbe Robotics Ltd. (NASDAQ: ARBA) may be a key player in the global arms race toward fully autonomous driving. Arbe is a global leader in 4D radar technology whose chipsets are being implemented in advanced driver assistance systems (ADAS) and electric vehicles (EV) globally. Arbe claims its senso... Read the Full Story |
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From Our PartnersInvestors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients. | | | | See This Special Report to Get the Full Story |
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Stocks | | | Asian shares declined Wednesday after stocks tumbled on Wall Street as worries persist about higher interest rates and their tightening squeeze on the global economy.
Tokyo's benchmark Nikkei 225 dipped 1.4% in afternoon trading to 27,102.21. Australia's S&P/ASX 200 slipped 0.3% t... Read the Full Story |
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Home Depot (NYSE: HD) is a good company with an outstanding stock, but now is not the time to buy. The company’s Q4 results and guidance for 2023 have the stock headed for the bargain basement, which is good news but not news that should be acted on now.
Once the stock is at the bottom, inv... Read the Full Story |
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From Our PartnersThe Wall Street Journal reports that this medical breakthrough is "Transforming Medicine."
One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price. | | Get the Details Here >>> |
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Hum-drum Medtronic (NYSE: MDT) has seen its shares fall dramatically over the past year due to a massive downdraft in the analysts' sentiment. The downdraft was caused by the peaking of COVID-19 and the tailwind it provided to businesses. The takeaway for today is that Medtronic shares have priced... Read the Full Story |
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Tech | | | The 2023 Honda CR-V and 2023 Kia Sportage are two highly rated small SUVs by Edmunds. Notably, they also come in hybrid versions that offer some compelling advantages. The big one is significantly better fuel efficiency than the regular gas-only versions. They’re also more powerful and have the same... Read the Full Story |
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Markets | | | Hybe, the South Korean entertainment company behind K-pop sensation BTS, said Wednesday that it has completed its acquisition of a 14.8% stake in rival SM Entertainment, making it SM’s largest single shareholder.
The acquisition was finalized even as SM Entertainment accused Hybe stag... Read the Full Story |
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Politics | | | New Zealand's central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation.
The increase, which can raise the borrowing costs for consumers on everything from credit cards to mortgages, comes despite the economic ... Read the Full Story |
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Molson Coors (NYSE: TAP) popped on its Q4 results but now may not be the time to buy. Although the market is up after the report, the post-release action is less than promising. The spike in price action was used by bears and profit-takers alike to add or trim positions as the case may be. The sal... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Radian Group Inc., together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting. The Homegenius segment offers title services, including a suite of insurance and non-insurance titles; tax and title data, centralized recording, document retrieval, and default curative title services; deed and property reports; closing and settlement services; mortgage underwriting and processing; escrow; appraisal management; and real estate brokerage. This segment also provides real estate valuation products and services; asset management services for managing real estate owned properties, which includes a web-based workflow solution; and a suite of real estate technology products and services to facilitate real estate transactions, such as proprietary platforms as a service solution. It serves mortgage originators, such as mortgage bankers, commercial banks, savings institutions, credit unions, and community banks; and consumers, mortgage lenders, mortgage and real estate investors, government-sponsored enterprises, real estate brokers and agents, and corporations for their employees. The company was formerly known as CMAC Investment Corp. and changed its name to Radian Group Inc. in June 1999. Radian Group Inc. was founded in 1977 and is headquartered in Wayne, Pennsylvania. | | View Today's Stock Pick |
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