Bear Market Investor Tips 2023

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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.

Notables

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

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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.

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