S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Why Lucid Spiked Nearly 100% In One Day
The Next Big Crisis Is Here (Ad)
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Ride These Railroad Stocks for Growth and Income
The Next Big Crisis Is Here (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Can Amazon Recover Amid Tech Stock Sell-off?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Why Lucid Spiked Nearly 100% In One Day
The Next Big Crisis Is Here (Ad)
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Ride These Railroad Stocks for Growth and Income
The Next Big Crisis Is Here (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Can Amazon Recover Amid Tech Stock Sell-off?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Why Lucid Spiked Nearly 100% In One Day
The Next Big Crisis Is Here (Ad)
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Ride These Railroad Stocks for Growth and Income
The Next Big Crisis Is Here (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Can Amazon Recover Amid Tech Stock Sell-off?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Why Lucid Spiked Nearly 100% In One Day
The Next Big Crisis Is Here (Ad)
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Ride These Railroad Stocks for Growth and Income
The Next Big Crisis Is Here (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Can Amazon Recover Amid Tech Stock Sell-off?

MarketBeat: Week in Review 12/12 - 12/16

Key Points

  • A triple-witching day brought a volatile end to an already volatile trading week.
  • The markets continue to digest the severity of a recession.
  • Next week’s PCE index reading may be the last hope for a Santa Claus rally.
  • Learn about the top stories our analysts covered this week.
  • 5 stocks we like better than Bilibili

Buckle up! December 16 was a triple-witching day and that means it could be a rough end to your trading week. The markets will digest the expiration of stock options, stock index futures and stock index options contracts on the same day. Today is also the day that several indexes, including the S&P 500, will rebalance.

The story that continues to hang over the market is the likelihood of a recession in 2023. The Federal Reserve raised interest rates by 50 basis points and are guiding to more rate hikes in 2023.

Does this mean that Santa Claus won’t come to Wall Street this week? Not necessarily. The last hope may be the PCE price index which comes out on December 23. If that number confirms that inflation is moderating, it may be enough to deliver a rally to close out the year.

On the other hand, volumes will be down as many traders step away for the holidays. That just means it’s time to prepare for what’s next. The MarketBeat team is here to help position you for success. Here are some of the top stories our analysts covered this week.

Articles by Jea Yu

As part of our explainer series, Jea Yu helps investors understand the future direction of the S&P 500. The index is down over 17% for the year. Yu points out that many of the same factors that caused that decline will continue to be headwinds for the index in 2023. Chinese stocks have been among the biggest decliners, and Bilibili Inc. (NASDAQ:BILI) is no exception. BILI stock is down over 50% in 2022 but has rallied over 40% in the last month. Yu provides an overview of how the platform is similar and different from YouTube and how that may affect your investment decision. Yu also confirmed that the recent performance of Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) shows consumers are still willing to pay for experiences. As Yu points out, its recent acquisition of Main Event Entertainment may help the company build a bridge to a younger generation.


Articles by Thomas Hughes

Even though we’ve barely wrapped up the third-quarter earnings season, it’s not too early to forecast what to expect from next quarter’s earnings season, which starts in January. Thomas Hughes offers investors an overview of the factors that will put pressure on earnings and impact the direction of the markets. Despite the broader market behaving like the Grinch this holiday season, one company has provided holiday cheer for investors: Mullen Automotive Inc. (NASDAQ: MULN). The EV maker made news on two separate occasions this week by signing its first dealer partner and announcing a large purchase order from that partner for 6,000 of the company’s Class-1 cargo vans. If investing in the EV sector is still a bit too risky for your taste, Hughes also highlights two blue-chip health companies (both Dividend Kings) heavily bought by institutional investors.

Articles by Sam Quirke

After two years of riding a bull market, investors have seen the other side of a cyclical semiconductor market in 2022. As Sam Quirke writes, the low may be in. That makes it time to consider taking a position in chip stocks. Quirke looked at Nvidia Corporation (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NASDAQ: AMD) and offered his opinion on which may be the better buy in 2023.

Articles by Chris Markoch

If you have some speculative cash to put to work, you may want to look at the biotech sector. As the COVID-19 pandemic showed, all it takes is a little positive news to send these stocks higher. It all comes down to the pipeline. Chris Markoch offers three small-cap biotech stocks that offer investors reasons to test this sector’s risk/reward proposition.

Articles by Kate Stalter                                                          

Weak retail numbers were a catalyst for the market’s decline this week. As Kate Stalter writes, Lululemon Athletica Inc. (NASDAQ: LULU) may have set the stage. The athleisure retailer reported higher-than-expected inventory levels. That soured what was otherwise a strong earnings report that beat on the top and bottom lines and were higher on a year-over-year basis. Stalter also looked at the charts and pointed out a key technical signal that may be one reason, along with continued revenue and earnings growth, that Tractor Supply Company (NASDAQ: TSCO) may be ready for a sharp move higher. For investors willing to take a flyer on small-cap stocks, Stalter looked at the recent announcement by Harpoon Therapeutics Inc. (NASDAQ:HARP). The company announced positive results in its ongoing Stage 1 clinical trial for its lead candidate. The sharp spike met an equally sharp sell-off — a reminder that many of these stocks remain too volatile for many investors.

Articles by MarketBeat Staff

Many analysts say that now is the time to buy dividend stocks. We agree, and this week the MarketBeat staff gave you three companies that continue to increase their dividends, with further earnings growth projected in 2023. These stocks look like solid buys. At a time like this, investors shouldn’t overlook mid-cap stocks. These stocks are on pace to outperform large caps for the second straight year, and our staff offers three mid-cap stocks that may double in 2023. One stock that won't outperform the market is Kohl’s Corporation (NYSE: KSS). The company delivered sour earnings in the third quarter and the future outlook is not much brighter as its core consumer remains under pressure. The company also faces headwinds from other e-commerce companies.

Should you invest $1,000 in Bilibili right now?

Before you consider Bilibili, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bilibili wasn't on the list.

While Bilibili currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report
10

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Bilibili (BILI)
1.5432 of 5 stars
$27.78-0.9%N/A-8.90Hold$21.33
Dave & Buster's Entertainment (PLAY)
2.4687 of 5 stars
$41.60+1.3%N/A16.64Moderate Buy$50.00
Mullen Automotive (MULN)
0 of 5 stars
$0.33+2.4%N/AN/AN/AN/A
NVIDIA (NVDA)
2.7462 of 5 stars
$203.65+2.8%0.08%86.66Moderate Buy$209.23
Advanced Micro Devices (AMD)
2.6858 of 5 stars
$75.40+0.3%N/A45.15Moderate Buy$95.71
Lululemon Athletica (LULU)
2.5664 of 5 stars
$310.85+0.4%N/A34.16Moderate Buy$404.11
Tractor Supply (TSCO)
2.718 of 5 stars
$225.67-0.5%1.63%24.50Moderate Buy$245.61
Harpoon Therapeutics (HARP)
2.8181 of 5 stars
$1.18+25.5%N/A-0.55Moderate Buy$8.25
Kohl's (KSS)
1.8884 of 5 stars
$31.49-1.6%6.35%7.43Hold$31.00
Compare These Stocks  Add These Stocks to My Watchlist 

Chris Markoch

About Chris Markoch

Contributing Author: Retirement, Individual Investing

Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.

Contact Chris Markoch via email at CTMarkoch@msn.com.

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