Good MorningEquity markets plunged last week after hotter-than-expected inflation data put the fear of higher interest rates back into the market. The January read of the PCE Price Index shows inflation accelerated on a month-to-month basis as expected and accelerated versus last year. This contradicts the belief that inflation is subsiding and may lead the FOMC to hike rates by another 50 basis points at the next meeting. The risk for the market is the FOMC will do something to shock the market, such as a more aggressive than expected interest rate hike or posture at the next FOMC meeting.
The risk for the market this week is all earnings-related. The bulk of S&P 500 companies have already reported, but this week brings several reports from major retailers and a host of small and mid-cap favorites. The takeaway to date is the outlook for 2023 is deteriorating, and that trend may accelerate by the end of the week. Featured: Upside Potential for Investors... (TCS) 
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Sometimes investors would like more choices than what’s on our dividend kings and aristocrats list.
So this week, we discussed upcoming dividend aristocratsand why investors should consider adding them to their portfolios.
But today, we are serving up the main course with these 11 sto... Read the Full Story |
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From Our PartnersChina has almost a 90% lock on critical minerals needed to produce our military, mobile, and green technologies. Mining companies are scrambling to find domestic sources to break China's chokehold on supply chains. Nevada, Idaho and Montana are key to securing a domestic supply. | | | | Discover the one company set to break China's grip on critical minerals |
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Domino’s Pizza Inc. (NYSE: DPZ) stock is near a 52-week low after delivering a mixed earnings report on February 23. The company posted $4.43 in earnings per share (EPS). That was up nearly 10% from consensus estimates for $3.98 EPS. But revenue came in a little light at $1.39 billion as opp... Read the Full Story |
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Stocks | | | Billionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both and all investors benefit from them as long as they are made at the right prices Read the Full Story |
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From Our PartnersHe found Apple at $1.49... Oracle at $0.51... Amazon at $46. Marketwatch called him "The Advisor Who Recommended Google Before Anyone Else." Now, investing legend Louis Navellier is revealing his Top 11 Stocks for 2023. | | | | Click here to download your free copy. |
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Shares of used-car dealership Carvana Co. (NYSE: CVNA) were a wreck on February 24, trading more than 16% lower after the company reported fourth-quarter results that missed analysts’ views by a wide margin.
The company reported a $7.61 per share loss on revenue of $2.84 billion, down... Read the Full Story |
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Between the collapse in natural gas prices and the downtrend in oil, energy stocks don't look as attractive as they did back in the summer. In the meantime, one corner of the oil and gas industry is bucking the trend: product tankers.
Put, product tankers like Scorpio Tankers (NYSE: STNG) have bo... Read the Full Story |
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Stocks | | | Shares fell Monday in Asia after Wall Street benchmarks closed out their worst week since early December. U.S. futures edged higher while oil prices fell.
Reports on inflation, the jobs market and retail spending have come in hotter than expected, leading analysts to raise forecasts ... Read the Full Story |
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Stocks | | | Shares gained Monday in Europe after retreating in Asia, where they tracked Wall Street's latest decline.
Last week, U.S. shares suffered their worst setback since early December. Reports on inflation, the jobs market and retail spending have come in hotter than expected, leading ana... Read the Full Story |
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Markets | | | Union Pacific announced plans Sunday to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership.
The managing partner of Soroban Capital Partners, Eric Mandelblatt, said in a letter that the ... Read the Full Story |
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Markets | | | A North Carolina business magnate has been indicted on federal charges based on allegations he conspired to skim large amounts of money from his insurance companies, then lied about it to hide the scheme with two co-conspirators Read the Full Story |
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Rocky Brands (NYSE: RCKY) is not a flashy name nor a wicked hot growth story. It is a solid, blue-chip quality small-cap player in the footwear industry with a safe and attractive dividend. The company suspended the payout for a single quarter during the pandemic, but core strength, the COVID rebo... Read the Full Story |
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Monday's Early Bird Stock Of The Day The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, and building service contractors, as well as specialty tradesmen, such as electricians, plumbers, and painters. It sells its products through websites, including homedepot.com; homedepot.ca and homedepot.com.mx; blinds.com, justblinds.com, and americanblinds.com for custom window coverings; thecompanystore.com, an online site for textiles and décor products; hdsupply.com for maintenance, repair, and operations (MRO) products and related services; and The Home Depot stores. The Home Depot, Inc. was incorporated in 1978 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
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