Costco, Microsoft Are Stocks Fit for Recession: Goldman Sachs

Many economists and investors believe the Federal Reserve’s interest-rate increases will produce a hard landing for the economy – a recession.

Economists at Goldman Sachs predict a soft landing. But if there is a hard landing, they expect the S&P 500 to fall to 3,150, a 21% drop from the recent level of 3,988.

With that in mind, Goldman Sachs strategists put together a list of 36 stocks that should benefit from a hard landing.


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Delta Fixes a Key Passenger Pain Point (and the Solution Is Free)

Every airline has its own identity. Which is to say, it has its set of values, and is devoted to messaging that will get consumers to associate it with a few key traits.

Spirit Airlines is known for no-frills, rock bottom prices, while Southwest was once known for superior customer service. (Lately it’s better known for stranding people over the holidays, ruining Christmas and lighting money on fire.) 


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Tesla Stock Stages Reversal Off 52-Week Low. Now Check the Chart.

Tesla  (TSLA) – Get Free Report stock hit a 52-week low early on Friday and it was hard to imagine that investor sentiment could get much worse.

The stock market was mixed on Jan. 6 following a jobs report that was stronger than expected but also had lower-than-expected wage growth.

For Tesla, none of it mattered. The electric-vehicle leader’s shares were trading significantly lower in the premarket, then fell as much as 7.7% after the open. The stock is now up almost 2% on Friday.


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General Electric: Buy the Dips as the Shares Break Out

Shares of General Electric  (GE) – Get Free Report are up almost 1% at last check and have started the year on the right foot for the longs.

If it finishes higher today, GE stock will have rallied in each of the first three days of the year. With the S&P 500 and Nasdaq currently lower so far in 2023, GE’s performance is impressive.

The company has been in the news this week, as it completed the spinoff of its General Electric Healthcare unit, which now trades under the ticker symbol GEHC.


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Number of People Paying Over $1,000 in Car Payments Is Rising Fast

While financial experts will generally advise against having more than 10% of one’s income go toward paying off a vehicle, many people are doing so anyway. Even though $1,000 is far above the $4,516 average monthly salary across the country, a new study found that the number of people paying $1,000 or more a month for car payments is at 15.7%.

That percentage is, according to new numbers crunched by car price comparison platform Edmunds, the highest it’s ever been. The rate that average people financing a car pay is also on the rise — while those who secured their new car loan in the last quarter of 2021 paid an average rate of 4.1%, those who did so at the end of 2022 are paying 6.5% on average.


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Stock Market Live: Stocks Surge on 'Goldilocks' December Jobs Report, Treasury Yields Tumble

Updated at 4:15 pm EST

Stocks ended firmly higher Friday, while the dollar eased against its global peers and Treasury yields fell sharply, as investors reacted to a better-than-expected jobs report that could ease some near-term inflation concerns following hawkish Fed minutes earlier this week. 


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Cardi B's F-Bombs About Inflation Are Going Viral

While most celebrities do not have a background in economics, their reach and recognition mean that people will listen to their takes on almost any subject.

That is what happened when famous rapper Cardi B went on an expletive-laden rant this week about food prices and inflation.

“Everything Lettuce was like $2 a couple of months ago, and now it’s like f**ing $7,” Cardi B says in a minute-long video posted on her Twitter account on January 4. “Of course I’m going to say something: The f**k?!”


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Huge Las Vegas Strip Brands Likely Up for Sale

The Las Vegas Strip has little sympathy for people with money troubles. That’s true if you can’t pay your hotel bill, run out of money at the tables, or have your credit card declined at dinner.

Las Vegas casino owners including Caesars Entertainment (CZR) – Get Free Report and MGM Resorts International (MGM) – Get Free Report may no longer take you into a back room to break your legs, but they will get their money. If you hit the end of your credit line or just run out of cash, you’ll be shown the door and if a casino did extend you credit, it will come after you to get paid.


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Peloton Pays $19 Million Penalty Related to Treadmill Recall

Peloton Interactive  (PTON) – Get Free Report agreed to pay a large civil penalty for failing to immediately recall a treadmill that was linked to a dozen injuries and the death of a child, federal officials said.

The U.S. Consumer Product Safety Commission said on Jan, 5 that the settlement resolves charges that the New York-based company failed to immediately report that its Tread+ treadmill contained a defect “that could create a substantial product hazard and created an unreasonable risk of serious injury to consumers.”


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Walgreens Admits It May Have Cried Wolf Over Theft

If you live in a city, you’ll likely noticed the changes made by many grocery store chains over the last two years. Plastic cases around shampoo and Tide detergent. Packages of soap and $4 deodorant under lock and key and employee call buttons for those who want to buy them.

The move to put more and more product under lock and key, which retail giants like Walgreens  (WBA) – Get Free Report, Rite Aid  (RAD,) – Get Free Report and CVS  (CVS) – Get Free Report said were necessary as shoplifting rates rise, also spark major political battles — while conservatives see it as one more indication of city leaders being weak on crime, those with more progressive politics criticize what amounts to starting out with an initial distrust of one’s customers and community.


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