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Three stocks to watch during the ‘January Effect’ January has been historically a good month for stocks as some investors reenter the market after selling some of their holdings at the end of the year. The bullishness at the start of each year is dubbed the ‘January Effect’. On January 6, US stocks staged their first big rally of the year, with the Dow Jones Industrial Average closing 2.13%, the S&P 500 jumped 2.28% and the Nasdaq Composite gaining 2.6%. It marked the best day for the Dow and the S&P 500 since November 30, 2022, and for the Nasdaq since December 29, 2022. The rally could also be triggered by investors using their year-end cash bonuses to splurge into risky investments in January. With this in mind, we have rounded up three US stocks to watch in January: Amazon.com JP Morgan recently stated that Amazon remains its top internet pick, forecasting that the e-commerce giant will overcome macroeconomic headwinds by 2023. However, Amazon is no exception to the wave of layoffs in the tech space over the past year. The tech behemoth disclosed last week that is laying off 18,000 jobs, more than previously planned. “Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and organizations,” Amazon CEO Andy Jassy said in a blog post on January 5. But it is worth noting that Amazon remains the United States’ second-largest private employer next to Walmart. Amazon’s stock jumped 2.9% on Tuesday and 5.8% on Wednesday. Tesla Tesla recently applied to expand its Gigafactory in Texas with a $775.7 million investment, Reuters reported, citing filings with the Texas state department of licensing. The investment plan comes despite Tesla missing delivery estimates in the fourth quarter of 2022. The company delivered 405,278 electric vehicles in the three months ended December 31, up 40% from a year earlier, but missing Elon Musk’s 50% growth target. Tesla’s stock is also susceptible to its volatile CEO. The billionaire — who recently made it to the Guinness World Records for suffering the largest loss of personal fortune in history after shedding about $182 billion since November 2021 — has drawn attention from the federal government again after tweeting about disabling driver monitoring. The National Highway Traffic Safety Administration said the issue is now part of a wider investigation into accidents involving at least 14 Tesla vehicles while using the Autopilot driver assist system. Tesla rose 3.7% on Wednesday after falling by 1.6% on Tuesday. McDonald's McDonald's Corp. (NYSE: MCD) is another stock to watch in January after the largest fast-food company in the world announced that it is planning a restructuring that would result in corporate job cuts. The company told employees in a memo that it will “evaluate roles and staffing levels… and there will be difficult discussions and decisions ahead.” In the quarter ended September 30, 2022, McDonald’s net income fell 8% year over year to $1.98 billion, or $2.68 per share, as revenue slipped 5% to $5.87 billion. MCD closed up 0.6% on Tuesday but closed flat on Wednesday.
NASDAQ:NDX
by BlackBull_Markets
AMZN LONG expectation Instrument: AMZN Optimum technical indicator: OBV EMA 20 Current signal: LONG Technical indicator win-rate: 47% Days for backtesting: 2220 Timeframe for testing: 1D Forecast day price: 89,8700 Enter point: 90,000 Take-profit: 94,000 Current stop-loss: 86,6913 Multiple for stop-loss strategy ATR(14): 1,1 Average trades per month with optimum technical indicator: 3 Average time for 1 trade with optimum technical indicator: 7 Average profit per 1 trade: 1,76% Projected annual return w/o leverage: 30,2% Technical analysis applicability for 3325 technical strategies: 97% Technical analysis recommendations: Long: 36% Short: 59% Neutral: 5% Stable long-term profit for FOREX, CRYPTO, Equity based on backtesting optimization algorithm. Instant analysis of 3.2K technical strategies
NASDAQ:AMZNLong
by Trading_investing_2021
CRM Salesforce - Weekly Chart ConcernHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Salesforce, Inc (CRM). The CRM price chart is self-explanatory. I posted about this stock in December 2021 and since that point, the price is down about 54%. It's not out of the water just yet as price has a possibility to head lower. There is a strong trend line where price may bounce from with historical support but that would mean price needs to come down another 29%. There is also a weekly Death Cross (50D and 200D SMA cross) that occurred recently, which may cause price to head lower. I have also included the Volume and RSI in this chart. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
NYSE:CRM
by MillionaireEconomics
LMT.NYS_Bullish Pullback Trade_LongENTRY: 480.62 SL: 445.54 TP: 494.93 - ADX>25 - Daily RS +ve - Daily FFI -ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned. - Breakout on 18 Oct 2022 from downtrend channel. - Looks ready to test ATH. Entry based on following: - Pivot Point: Pullback since 8 Nov 2022 peak to near pivot level (455.31) and reacted well with rebound. - TPB Daily VZ: Pullback from 11-16 Nov 2022 was within TPB Daily valuezone and breakout of it on 17 Nov 2022. - Stoch RSI: Crossing up 20.
NYSE:LMTLong
by TRADER-WANNA-BE
NYSE Index Bear Case.Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- Some may ask, what is the NYSE Index? 👇 The NYSE Composite is a stock market index covering all common stock listed on the New York Stock Exchange, including American depositary receipts, real estate investment trusts, tracking stocks, and foreign listings. --- My estimated top for the New York Stock Exchange Index sits at $15,546 ~ $18,545 High probability target = $16,600 --- My estimated bottom on this one is roughly between $12,293 ~ $10,064 High probability target = $11,319 --- 🔺
TVC:NYA
by Eloquent
Walmart, Target unveil diverging economic outlooksWalmart and Target released diverging outlooks for the final quarter of 2022 as the companies' respective recent financial results show how rising inflation prompts consumers in the US to be extra mindful and plan their purchases instead of becoming abrupt buyers who will end up buying more than intended. The change in consumer behavior benefited retail corporation Walmart, which generates much of its sales from groceries, and somehow took away sales from big box department store chain Target, which is a destination more for top-up shopping. Consumers becoming extra careful of their spending can be attributed to inflation and concerns about the US economy heading into a recession. The annual inflation rate in October slowed to 7.7%, compared with the 8.2% in September, according to figures released in November. The latest figure is lower than the consensus estimates of 8% and marked the lowest inflation figure since Jan. 22. However, consumer confidence across the country fell during the month to a three-month low of 102.5 from a 107.8 reading in September despite the slowdown in inflation amid growing concerns regarding the economy. Opposing outlooks In the third quarter, Walmart upgrraded its financial outlook for the year after reporting an 8.2% growth in comparable sales and a sustained gain in market share of the grocery sector. On the other hand, Target downgraded its forecast for the fourth quarter following a 2.7% hike in comparable sales, attributable to a 1.4% rise in traffic growth and a 1.3% increase in average ticket. Since the release of their respective results, Walmart is up ~10% while Target has fallen ~8%. Target's failure to hit its profit and revenue targets for the quarter paints a picture of how consumers are becoming more selective of what they spend on. Saunders said the company's financial results show that people are now spending more on food and grocery staples and not as much on apparel and home goods, which provide better margins for the company. This is how the behavioral shift becomes beneficial for Walmart. The company prides itself on offering products at "everyday low prices." As Americans become more careful with their spending, this mantra becomes even more appealing. In addition, grocery items are always a necessity regardless of the soaring prices of products. With the bulk of its sales coming from groceries, this change could be very lucrative for Walmart. Possible ray of light for the economy Retail sales across the US in October saw a 1.3% uptick after being unchanged in September. Year over year, sales grew 8.3%. The better-than-expected growth in retail sales across the US in October suggests consumer spending has picked up early in the fourth quarter of 2022. According to Reuters, this could be beneficial for the US economy, especially amid fears of an incoming recession. Along with the slowdown in inflation, the solid retail sales for the month elicited cautious optimism that perhaps, the US economy could avoid the expected recession or at least only experience a mild downturn. But Target's warning of "dramatic changes" in consumer behavior that dragged its third-quarter sales still hangs in the air, eliciting concerns that it may affect sales over the holidays. Expectations for retail sales in November is a 0.9% rise. The National Retail Federation is forecasting holiday sales for 2022 will grow between 6% and 8% this year. If realized, the expected figure would be lower than the 13.5% hike recorded in the prior-year period even at top end of the range. Even so, it will still be higher than the 4.9% growth average over the past 10 years.
NYSE:WMT
by BlackBull_Markets