Bear Market Investor Tips 2023
And, meme stock investor eyes Alibaba.
Today is Tuesday, January 17, 2023.
New to this newsletter? Sign up here.
|Early Bird Referral Program|
| 1 Referral |
Investing Guide With 12 Stock Picks
| 3 Referrals |
| 7 Referrals |
Pick a Stock Topic for a Newsletter
| 12 Referrals |
| 20 Referrals |
| 40 Referrals |
$100 Amazon Gift Card
|Share your unique link, earn rewards|
|Powered by Viral Loops|
Bear Market Investor Tips 2023
There’s a way to become a profitable investor during a bear market, Jeff Weber of JJJ Investing explains in a new episode of the Early Bird podcast.
Big Picture: First, Weber said investors need to realize that bear markets happen and are a natural part of an investing cycle.
Diversification: While diversification might be a safe thing to do, Weber said this only works if you are picking sectors that do well during a bear market.
Go Dog: The Dogs of the Dow investing strategy, which involves certain high dividend-paying stocks in a given year, is one option that Weber likes.
Final Thoughts: What’s the best-case scenario for the stock market in 2023? Weber explains in a new episode of the Early Bird podcast.
Notable Earnings Today: Morgan Stanley (NYSE: MS), United Airlines (Nasdaq: UAL), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), Silvergate Capital (NYSE: SI), Hancock Whitney (Nasdaq: HWC), Citizens Financial Group (NYSE: CFG), Progress Software (Nasdaq: PRGS), Signature Bank (Nasdaq: SBNY), Pinnacle Financial Partners (Nasdaq: PNFP), United Community Banks (Nasdaq: UCBI), New Oriental Education and Technology Group (NYSE: EDU), Fulton Financial (Nasdaq: FULT), Mercantile Bank (Nasdaq: MBWM).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Pylons (Republic), Finn & Emma (StartEngine).
Notable Economic Events Today: OPEC Monthly Report (7:00 a.m. ET), NY Empire State Manufacturing Index (8:30 a.m. ET).
Meme Stock Investor Eyes Alibaba
An activist meme stock investor has reportedly taken a stake in Alibaba Group Holdings (NYSE: BABA)
Details: According to The Wall Street Journal on Monday, investor Ryan Cohen built a stake in the Chinese technology giant. He reportedly wants Alibaba to boost its share-repurchase program.
Background: Cohen founded Chewy (NYSE: CHWY) and is the current chairman of GameStop (NYSE: GME). He is also known for being a prolific meme stock investor.
Stock Price: The past year hasn’t been kind to Alibaba. The stock is down 9% in the past 12 months and is struggling due to the larger economic challenges in China. Data released late Monday showed that fourth-quarter gross domestic product slowed.
Final Thoughts: While Cohen’s presence might make Alibaba seem like a good option for investors, China’s economy is still in a tough place. Alibaba hopes to have a rebound year in 2023.
Investors Shrug Off New Shiba Inu Development
In spite of a new technological development for the cryptocurrency Shiba Inu, the price dropped 2.57% on Monday.
Details: Over the weekend, the developers of Shiba Inu introduced Shibarium, Shiba Inu's layer 2 network that is aimed at making transactions on the blockchain quicker and more cost-efficient.
Final Thoughts: Investors didn’t seem to care, as Shiba Inu and other meme coins dropped on Monday. Meanwhile, mainstream crypto Bitcoin is finally up over $20,000.
Buying Bitcoin is quick and easy with CoinSmart- The world's most accessible crypto exchange. Designed for beginners, built for experts. Instant verification, 24/7 support, fully registered, safe and secure.
Trends to Watch
Partnership: BioMed X Extends Research Collaboration With AbbVie On Immunology And Tissue Engineering (Nasdaq)
World Economic Forum: Chief Executives, Economists Brace for Recession as Davos Begins (Bloomberg)
2023 Guide: 12 Cryptocurrency Trends That Will Dominate in 2023 (Crypto News Flash)
Falling Short: China’s Economy Stumbled Last Year With Covid Lockdowns Hobbling Growth (The New York Times)
Any Guesses: Bitcoin Rallies to Levels Not Seen Since FTX Collapsed. What Happens Next? (Barron’s)
Thank you for reading!
Forward to a friend and tell them to sign up here.
Be social: Like our Facebook page and follow us on Twitter.
Want more investing tips? Listen to the podcast.
Show Your Support: Buy Me a Coffee.
Questions or comments? Hit reply to reach out.