12/31/2022

1/1/23 Newsletter – [Bleep…] the Recession Talk… Happy New Year!

Yes of course you’re going to get a “Happy New Year” from us…  But let’s not make a big deal out of it… Ok?

Today’s message is going to be short and sweet…

Here’s to you… 

Now let’s get a few things out of the way..

Instead of focusing on all of the “New Year’s Resolutions” and blah blah blah… 

I’d rather we stay focused on kicking ass and taking names. 

(Exactly like what we’ve been doing!)

And if you’ve been reading our newsletter and staying engaged with us you know exactly what I’m talking about…

But if you’re new or haven’t been paying close attention, here’s one thing you missed… 

Just a small 380% move made by AppTech Payments Corp. (APCX) since opening at $.64 cents on October 20th and hitting its intraday high of $3.09 on December 23rd…

And then on the very last trading day of the year… Friday, December 30, 2022, we covered NovaBay Pharmaceuticals, Inc. (NBY) which opened at $1.37 and climbed up to an intraday high of $2.01 showing our readers a quick 46% move…

Not bad, right? 

It pays to stay engaged.

How many other newsletters are showing you a 380% move in just around 2 months time? 

Or a 46% move in a matter of hours?

Let me answer that for you… None!

Nobody can do what we can do. (or if they can, I haven’t heard of them yet but I’d sure like to meet them.)

The rest of Wall Street had a terrible 2022.

Wall Street’s worst year since 2008

Stocks fall to end Wall Street’s worst year since 2008. The S&P 500 finished 2022 down nearly 20% on the year.

Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note.

The Dow Jones Industrial Average slid 73.55 points, or 0.22%, to close at 33,147.25. 

The S&P 500 shed 0.25% to end at 3,839.50. 

The Nasdaq Composite ticked down 0.11% to 10,466.88.

Friday marked the final day of trading in what has been a painful year for stocks. 

All three of the major averages suffered their worst year since 2008 and snapped a three-year win streak. 

The Dow fared the best of the indexes in 2022, down about 8.8%. 

The S&P 500 sank 19.4%, and is more than 20% below its record high, while the tech-heavy Nasdaq tumbled 33.1%. (Remember, we covered the big tech meltdown in last week’s edition.)

Sticky inflation and aggressive rate hikes from the Federal Reserve battered growth and technology stocks and weighed on investor sentiment throughout the year. 

Geopolitical concerns and volatile economic data also kept markets on edge.

But we are not scared…

We say [Bleep…] the Recession Talk…

The way we see it… It’s Always a Stock Picker’s Market… 

However… You always need to watch out for specific events.

Watchout for Friday’s (1/6/23) Non Farm Payrolls Report

For those of you who are new or don’t know, Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. 

This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. 

The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.

In addition to farm workers, nonfarm payrolls data also excludes some government workers, private households, proprietors, and non-profit employees.

The “Employment Situation” report is a closely followed monthly report released by the BLS on the first Friday of the month subsequent to data reporting collection. 

Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications.

The nonfarm payrolls classification excludes farm workers as well as some government workers, private households, proprietors, and non-profit employees.

The data on nonfarm payrolls is collected by the Bureau of Labor Statistics (BLS) and put in its monthly “Employment Situation” report, which also includes the unemployment rate.

The BLS’s “Employment Situation” report is always released at approximately 8:30 a.m.

The next report is due to be released on Friday , January 6th, 2023.

The US economy unexpectedly added 263K jobs in November of 2022, beating market forecasts of 200K, and following an upwardly revised 284K in October. 

It is the lowest job gain since April last year, as the labor market is normalizing after the pandemic shock. 

Still, it continues to signal a healthy and tight market, above the pre-pandemic average of 150K-200K jobs created per month. 

Notable job gains occurred in leisure and hospitality (88K), including a gain of 62K in food services and drinking places; health care (45K); and government (42K), mostly in local government (32K). 

In contrast, employment declined in retail trade (-30K), namely general merchandise stores (-32K), electronics and appliance stores (-4K), and furniture stores (-3K); and in transportation and warehousing (-15K). Monthly job growth has averaged 392K thus far in 2022, compared with 562K per month in 2021. 

Non Farm Payrolls in the United States are expected to be 220K by the end of this quarter, according to several global macro models and analysts expectations. 

In the long-term, the United States Non Farm Payrolls is projected to trend around 170K in 2023 and 180K in 2024, according to several econometric models.

Now we can get back one of my favorite sections of this report!

Who Made New 52-Week Highs This Week?

Here are some notable highs as of Friday, December 30, 2022.

Taking the cake this week for the second time in a row is Nine Energy Service (NINE) after climbing over 1,496% from its 52-week low.  Last week (NINE) landed in the number #1 spot with their listed last print being $13.77.  This week, (NINE) came in with their listed last print being $14.53, up around 5.52% from the previous report.

Coming in second place this week is Verona Pharma (VRNA) after moving up over 666% from its 52-week low.

AndAkero Therapeutics (AKRO) came in third place after rising over 628% from its 52-week low.

If you’re interested in discovery stocks that have the potential for making 1,496%, 666%, or 628% moves like the top 3 stocks above, then you’re in luck…

Because we have been hard at work uncovering what could be the next big stock play for you.

Remember:  AppTech Payments Corp. (APCX) made a 380% movesince opening at $.64 cents on October 20th and hitting its intraday high of $3.09 last week on December 23rd…

And then on the very last trading day of the year… 

This past Friday, December 30, 2022, we covered NovaBay Pharmaceuticals, Inc. (NBY) which opened at $1.37 and climbed up to an intraday high of $2.01 showing our readers a quick 46% move…  

That’s a 380% move in about 2 months and a 46% move in a few hours…

You need to stay tuned and stay engaged because we just identified a company that could be our next idea. 

We are still finishing up our research but as soon as this report is done, you’ll be one of the first to see it…

So clear your plate and get ready.

PS: Remember… [Bleep…] the Recession Talk… We shop in a Stock Pickers Market…

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