Good MorningIt was another wild day for the market on Wednesday. The major indices began the day with gains after some early reports on Q3 earnings came in better than expected. Comments from Treasury Secretary Steven Mnuchin put a damper on sentiment. The Secretary says a stimulus deal of any form is unlikely to happen before the election. This puts the possibility of stimulus in a new light as it means waiting another month for a stimulus that may never come.
In other news, earnings from the big banks have been mostly positive if a bit mixed. Wednesday’s news includes a report from Wells Fargo that shows the company is on solid-footing if not positioned to rebound in 2021. By the end of the week of all of the U.S. largest financial institutions will have reported giving a fairly broad look at the state of the economy. Later this week reports from Alcoa, Morgan Stanley, and J.B. Hunt Transportation Services may move the market.
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Auto/Tires/Trucks | | Start-up Chinese electric vehicle (EV) maker Li Auto Inc. (NASDAQ: LI) shares have gained from the frenetic boom in the EV market. The Company recently went public at $11.50 per share in July 2020 reaching a peak of $24.48 before selling off to $14.97 to stabilize. While SPACs have been the rage dri... Read the Full Story |
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From Our Partners | | Porter Stansberry, founder of one of the largest financial research firms in the world, says he's breaking the biggest story of his 26-year career - an economic shift not seen since 1776.
From the government taking stakes in Intel, Lithium Americas, and MP Materials, to sweeping political changes reshaping the economy, Stansberry argues a rare 'New 1776 Moment' is already underway. One Nobel Prize winner calls it a dividing line for all of society.
His presentation covers the stocks to buy, the stocks to sell, and three money moves to position yourself on the right side of this shift. | | Watch Porter Stansberry's full briefing and learn how to prepare now |
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Markets | |
Investors that are interested in the electric vehicle (EV) space have a lot of different companies to choose from. Many of these stocks have performed well this year and continue to benefit from bullish momentum thanks to optimism surrounding the industry and environmental concerns. As these compa... Read the Full Story |
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Medical | | Sorrento Therapeutics Coming To A Boil On COVID-19 Candidates
Sorrento Therapeutics (NASDAQ:SRNE) emerged as a COVID-19 play earlier this year. The company is a clinical-stage biopharmaceutical company focused on antibody-derived treatments. It was among the first to discover useful antibodies that... Read the Full Story |
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From Our Partners | | Jeff Brown and Marc Chaikin - two investors who called Nvidia a decade ago - say Elon Musk's newly filed AI patent could trigger a wealth wave they're calling his biggest breakthrough yet.
They're tracking a market pattern with a 100% historical track record of major gains, and they believe it's about to collide with this invention. The last time it triggered, investors had a chance to turn $10,000 into $350,000 in roughly 12 months. | | See the details on Elon's AI patent and what comes next |
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Finance | | Wells Fargo Is The Lagging Stock In A Lagging Sector
Wells Fargo (NYSE:WFC) has had a rough couple of years. Scandal after scandal set the stock up for a big fall when the pandemic struck and now it is trading at the lowest levels in a decade. The upshot is the company has been working on its probl... Read the Full Story |
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Medical | | Johnson & Johnson (NYSE: JNJ) reported its Q3 results before the bell yesterday and the numbers looked great and beat expectations. But shares dipped more than 2% in yesterday’s session.
Though the whisper numbers could have been a bit higher than the published estimates, I’m not su... Read the Full Story |
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From Our Partners | | This feels like one of those ''where were you when Kennedy was shot'' moments. It felt like a moment in time, but that single shot started an avalanche of investigations, accusations, and conspiracy theories.
That's what you just witnessed with the death of the Ayatolla Khamenei.
Because the strikes proved how fragile things can get: billions could be lost. Seniors and the vulnerable put at risk. | | So to make it easy, Get the 2026 Retirement Survival Guide. Plain-English, step-by-step |
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Markets | |
Sometimes a company issues positive news and its stock price inexplicably goes down. Investors that take advantage of these situations can come out ahead when the market catches up with reality.
Last week GenMark Diagnostics (NASDAQ:GNMK) provided better than expected revenue guidance and announc... Read the Full Story |
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Retail/Wholesale | |
A Golden-Age For Fastenal?
I’ve heard (read I should say) that current conditions are a “golden age” for homebuilders. Pent-up demand, low inventory, streamlined businesses, and low-interest rates are combining in a way that means sustained, healthy business for the home builder... Read the Full Story |
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Finance | | JPMorgan Chase & Co Is A Buy After Reporting Q3 Result
After reviewing the JPMorgan Chase & Co (NYSE:JPM) calendar Q3 earnings report and looking at the chart I cannot believe this stock is still trading at such a low valuation. Trading at only 17X this year’s consensus and 12X next i... Read the Full Story |
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Medical | |
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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Retail/Wholesale | | 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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The Early Bird Stock Of The Day Ceridian HCM Holding Inc., together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market. The company also provides Bureau solutions for payroll and payroll-related services. It sells its solutions through direct sales force and third-party channels. The company was incorporated in 2013 and is headquartered in Minneapolis, Minnesota. | | View Today's Stock Pick |
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