Global stocks follow Wall St higher with China closed. Asian stocks follow Wall St higher with China, Korea closed. 3 No-Brainer Buy the Dip Stocks.

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Wednesday, February 2nd

Good Morning Equities continued their rebound on Tuesday with the S&P 500 up about three-quarters of one percent by the end of the day. The rebound may be losing steam, however, because the move was small relative to the prior two sessions and faces stiff resistance at the short-term moving average. If the S&P 500 index can not get back above the 30-day moving average within the next few days to a week the market could be in for a retest of the recent lows. That retest may be caused by earnings, this week more than 20% of the index reports for the Q4 period, and so far the reports have not been inspiring. At best, consensus estimates are being beaten but the outlook for Q1 and Q2 2022 earnings growth is dimming. The economic data is not helping with the earnings picture. The data is expansionary but the bulk of Tuesday's report revealed ongoing labor shortages and rising labor costs which are underpinning inflation. The non-farm jobs report is due out on Friday and is expected to show more of the same. The consensus estimate is a mere 166,000 net new jobs and a dramatic slow down from the previous few months. Featured: NFTs to Grow 1000% (ad)

Markets Global stocks follow Wall St higher with China closed Global stocks gained Wednesday while China was closed for the Lunar New Year holiday. London and Frankfurt opened higher. Tokyo and Sydney gained. The future for Wall Street's S&P 500 index was higher. In early trading, the FTSE 100 in London rose 0.5% to 7,574.35. ... Read The Full Story >>

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Markets Asian stocks follow Wall St higher with China, Korea closed Stock prices in Tokyo and Sydney followed Wall Street higher Wednesday while China, South Korea and Southeast Asian markets were closed for the Lunar New Year. Wall Street's benchmark S&P 500 index gained 0.7% on Tuesday, boosted by gains for energy and tech stocks in a late burst... Read The Full Story >>

Markets 3 No-Brainer Buy the Dip Stocks Keep in mind that not all stocks will bounce back after a market correction, but focusing on quality tends to provide you with the best chances of success. That's why we've put together the following list of 3 no-brainer buy the dip stocks to help you stay focused on the best of the best. Read The Full Story >>

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Politics OPEC+ decides oil output amid concern over Russia, Ukraine Oil cartel OPEC and allied countries are deciding how much oil to feed into the global economy as crude prices hover near seven-year highs — spiking gasoline costs — and fears of a Russian military move against Ukraine add to jitters over supply. The likely outcome of Wednesday's onl... Read The Full Story >>

Politics Inflation in 19 countries using the euro hits another record Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row, extending pain for consumers and sharpening questions about future moves by the European Central Bank. The 19 countries that use the euro currency saw consumer prices increase by an annu... Read The Full Story >>

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Markets Spider-Man lifts profit at Japanese electronics maker Sony Sony's profit for the quarter through December edged up 11% on healthy sales from its film division, including the new Spider-Man movie, the Japanese electronics and entertainment company said Wednesday. Tokyo-based Sony Corp. recorded a 346 billion yen ($3 billion) profit for the fi... Read The Full Story >>

Markets Scotts-Miracle Gro Looks Buyable After Q1 Earnings  We were expecting some strength in the Scotts-Miracle Gro (NYSE: SMG) earnings report and we got some albeit a lot weaker strength than what we were looking for. Based on the market's reaction, it too was looking for more in the results but there is something to take note of. Read The Full Story >>

Markets High-Flying United Parcel Service Is Still A Value After Earnings Pop United Parcel Service (NYSE: UPS) Q4 results and 2022 guidance are what you get when you combine internal operational efficiency, high demand, and pricing increases. The company's efforts and business resulted in not only strong results but so strong the board authorized an abnormal dividend increase. Read The Full Story >>

Markets Lennox International Shares Cool Off After Tepid Guidance  The question is not if Lennox (NYSE: LII) was able to produce growth but how badly was its business impacted by inflation, supply chain issues, and shipping disruptions? The company did not quantify those impacts but we can assume they easily run into the mid to high-single-digits if not more. Read The Full Story >>

Stocks 3 Best Peer-to-Peer Lending Sites in 2022 If you're thinking about the risks involved in investing in peer-to-peer loans and instead, would rather invest in the companies themselves, that's one route to take.Let's walk through how peer-to-peer lending works, how to invest in peer-to-peer lending sites Read The Full Story >>

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