3 Beaten Down Stocks On The Cusp Of A Major Reversal. Asian shares mixed amid 2nd wave coronavirus, election fears. UK chides EU but says gaps to Brexit trade deal are narrow.
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The Early Bird Newsletter

Friday, October 16th

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Good Morning

The market began the day on weak footing Thursday but buyers were waiting in the wings. Growing anxiety over the long-awaited next-round of fiscal stimulus has the market on edge. Despite this, bargain hunters used the opportunity to scoop up stocks expected to do well in this earnings cycle. The transports led the day with the Dow Jones Transportation Average gaining nearly a full percent to close at the high of the session and at a new all-time high.

While anxiety over stimulus has the market on edge it is the earnings that have stocks moving higher. The story this quarter is the same as last, companies well-positioned for the pandemic should continue to do well and perform above their consensus estimates. The next hurdle for investors will come next week, however, as earnings season ramps up to full speed. If the S&P 500 can claw its way to a new all-time high it should continue to move higher through the holiday season.

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Stocks

3 Beaten Down Stocks On The Cusp Of A Major Reversal

It Pays To Be A Bargain Hunter Bargain hunting. The act of buying stocks when they’re cheap with the hopes of selling them later at a profit. But what makes a bargain? A stock in a downtrend is certainly less expensive today than it was in the past but that doesn’t make it a buy. The s...

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On September 28th, the IdeaEngine suggested AutoZone. Seven days later, that stock was up 3.8% On September 21st, the IdeaEngine suggested Monolithic Power Systems. Seven days later, that stock was up 4.4% On September 7th, the IdeaEnine suggested Williams-Sonoma. Seven days later, that stock was up 8.1% . The IdeaEngine has had some great stock ideas recently, but do remember that it is an algorithm. It’s not always right and it should be only part of your research process.

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Politics

Asian shares mixed amid 2nd wave coronavirus, election fears

Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on top of flaring outbreaks of coronavirus. Looking ahead, markets are awaiting the release of data on the Chinese economy next week. ...

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Politics

UK chides EU but says gaps to Brexit trade deal are narrow

Britain’s foreign minister said Friday that there are only narrow differences remaining in trade talks between the U.K. and the European Union, but insisted the bloc must show more “flexibility” if it wants to make a deal. British Prime Minister Boris Johnson is set to announce whethe...

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Stocks

3 Stocks to Buy with Recent Dividend Increases

Whenever a company increases its dividend, it sends a strong message to investors that the company expects to continue growing and staying profitable. It’s especially worth noting when a company is financially stable enough to increase its dividend payouts amidst all of the economic uncertai...

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Politics

Global shares mixed amid 2nd wave virus, election fears

Global shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on top of flaring outbreaks of coronavirus. France's CAC 40 jumped 1.2% in early trading to 4,896.78, while Germany's DAX gained 0.5% to 12,762.11. ...

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Politics

Gloves linked to forced labor in China stopped at LA port

A shipment of women’s gloves at a California port has been traced to a factory that uses forced labor of people caught up in a brutal crackdown on ethnic minorities in China, U.S. authorities said Thursday. U.S. Customs and Border Protection said the shipment of 1,900 pairs of gloves...

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Politics

Tourists return to Hawaii amid ever-changing pandemic rules

Coronavirus-weary residents and struggling business owners in Hawaii will be watching closely as tourists begin to return to the islands on Thursday without having to self-quarantine upon arrival if they test negative for the coronavirus

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Markets

Where Next For Shares of Zoom Video (NASDAQ: ZM)

It’s been a year to remember for investors of Zoom Video (NASDAQ: ZM). Those who were getting into the stock this time last year and have had the disciple to let their positions run are looking at triple digit percentage returns.

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Markets

What Went Wrong With J.B. Hunt Transportation Services (NASDAQ:JBHT)?

Shares of J.B. Hunt (NASDAQ:JBHT) made a strong bounce the first two weeks of October. The stock rose 13% in two weeks and came close to setting a new all-time high because of a bullish outlook driven by rising tailwinds

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The Early Bird Stock Of The Day

Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment. The company also provides lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in notebook computers, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors, and resellers, as well as directly to original equipment manufacturers, original design manufacturers, and electronic manufacturing service providers in China, Taiwan, Europe, Korea, Southeast Asia, Japan, the United States, and internationally. Monolithic Power Systems, Inc. was founded in 1997 and is headquartered in Kirkland, Washington.

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