Ron Struthers believes that specifically, the debt market could break. The U.S. ran about a US$1.4 trillion deficit in 2022 (ended September) that Struthers believes will swell to US$2.5 trillion in 2023.
Shares of Titan Machinery Inc. traded 26% higher yesterday to a new 52-week high after the company reported Q3/23 financial results, highlighting a 47.3% YOY increase in revenue. The firm additionally raised its full-year revenue and earnings estimates.
The Fed's mandate is 2% inflation and maximum employment. Expert Ron Struthers believes they have lots of room to soften the job market. Struthers also sees promise with three stocks. Gilat Satellite is growing sales, Callon Petroleum is undervalued, and Zonte Metals has a unique situation.
Expert Michael Ballanger reviews recent updates in the stock market to tell you where he believes it is headed and why he thinks October was "The Bear Killer," with countless bear markets ending and bull markets possibly beginning today, November 1, 2022.
Shares of Wingstop Inc. traded 15% higher yesterday after the company reported that during Q3/22, it opened 40 net new restaurants and increased its system-wide sales by 17.7%. In addition, the company raised its FY/22 earnings guidance.
Shares of PureCycle Technologies Inc. traded 8% higher Friday after the company reported that together with Milliken & Co. of Belgium it has created a new concentrate using recycled polypropylene (PP) resin that advances circularity and reduces GHG emissions by 35%. Thursday, PureCycle announced it formed a JV with SKGC of South Korea to build the first PP recycling plant in Asia.
Markets will remain in a bear market for some time, and it is best to look for short trades. Lumber stocks ran up in price with high lumber prices and a post-Covid-19 recovery in the economy. They are priced too high and not reflecting lower lumber prices and a softer housing market induced by a coming recession.
Shares of bowling center operator Bowlero Corp. traded 7.5% higher and rolled to a new 52-week high after the company reported Q4/22 and FY/22 financial results that included a 130.7% YoY increase in annual revenue.
Shares of Twin Vee PowerCats Co. traded 77% higher and reached a new 52-week high after the high horse-power sport and commercial watercraft manufacturer reported Q2/22 financial results highlighting a 158% YoY increase in revenue from its Gas-Powered Division.