Good MorningThe equities markets surged 2.0% on Monday to close less than 2.0% from an all-time high. The move is a sign that investors are more concerned with the state of earnings than they are with economic stimulus. The economic rebound, even without what most consider needed aid, is well underway and much stronger than anyone had forecast. This is leading to better than expected earnings from well-positioned companies within the public market and that in turn is supporting equity prices.
The 3rd quarter earnings season kicks into high gear this week with reports from the major banks. Their results will be scoured for any sign of weakness in business or the economy. As long as no cracks are found in the economic recovery the broad S&P 500 index should continue to climb. The risk is that results won’t be strong enough to satisfy investors. The market is already expecting better-than-expected results, anything less could spell doom for the rally.
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Healthcare | |
Admittedly, things weren't looking good for AstraZeneca (LON:AZN) for a while there. With good reason, too; its vaccine trials were stopped dead in their tracks when some truly disastrous side effects started showing up, and that might well have knocked the company out of the COVID-19 recovery sta... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Discretionary | | The Upgrades Are Already Rolling In For Levi Strauss
Levi Strauss (NYSE:LEVI) reported earnings about a week ago and blew away the consensus. The company proved that established brands with a healthy eCommerce presence are well-positioned for the pandemic. The company saw its revenue fall nearly 27... Read the Full Story |
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Technology | | Semiconductor equipment maker Kulicke and Soffa Industries (NASDAQ: KLIC) stock is an overlooked play on the surge in future semiconductor demand. Shares have underperformed the S&P 500 index (NYSEARCA: SPY) as peers are shaping up for a breakout. There’s no question the demand for semicon... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Technology | | The used car market has been very strong since the onset of the pandemic. There are several reasons for this strength, but a big piece of the puzzle has been a low new vehicle inventory. Automakers were forced to temporarily shut down for a couple of months earlier this year, which forced people tha... Read the Full Story |
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Technology | | Cybersecurity firm CyberArk Software (NASDAQ: CYBR) shares have awoken but still trading below its pre-COVID levels in February. Shares are underperforming the benchmark S&P 500 index (NYSEARCA: SPY) and momentum peers in the cybersecurity space. Rather than chase the newcomers, prudent investor... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Technology | |
Whether you’re just beginning your journey as an investor with limited capital or you simply enjoy hunting for affordable stocks that can turn into lucrative investments, seeking out strong businesses that don’t have a hefty price tag can be a solid strategy. The truth is that you can ... Read the Full Story |
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Technology | |
The business world moves at light speed these days. Many companies that once were known as industry leaders have had to adapt to new trends or face becoming irrelevant in the eyes of investors. Take IBM (NYSE:IBM) for example. It’s a business that was once the gold standard in the Informatio... Read the Full Story |
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Industrials | | 1) eCommerce Wins The Pandemic
When it comes to the pandemic and which sectors and industries have become winners the story invariably leads to eCommerce. eCommerce is the easiest, fastest, best way to get what you need while social distancing and seen a sustained double-digit increase in use over ... Read the Full Story |
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Materials | | A Melt-Up In Paper Lifts International Paper To New Highs
There is a melt-up occurring in International Paper (NYSE:IP) that has yet to run its course. Not only is the company well-positioned for the pandemic but conditions within the industry have it set up for big gains. You might be thinking pap... Read the Full Story |
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Consumer Discretionary | | 2020 has been an up-and-down year for the RV companies, and Winnebago (NYSE: WGO) has been no exception. Even though a lot of people want an RV, pandemic-related disruptions and economic uncertainty have contributed to fewer people getting new RVs than you might expect.
But even though its been a r... Read the Full Story |
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The Early Bird Stock Of The Day Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. The company's Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York. | | View Today's Stock Pick |
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