Good MorningThe broad market ended a mixed week with a whimper closing with nearly no gain or loss for the day. The action was at once buoyed by a stronger than expected retail sales figure and hampered by fear the economic rebound will falter without additional stimulus. Regarding retail sales, total sales of retail items jumped 1.9% in September versus the expected 0.7%. The data shows underlying momentum within the consumer and points to a solid holiday shopping season.
Next week, the market will be looking for a raft of earnings. The peak of earnings season is upon us so we can expect more volatility over the next few weeks. Looking to the economic calendar, traders will be focusing on the housing sector, the FOMC’s Beige Book, and flash PMI readings on the manufacturing and service economies. Any data or earnings that point to weakness is sure to spark volatility and selling in the market.
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Retail/Wholesale | |
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... Read the Full Story |
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Aerospace | | 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... Read the Full Story |
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Transportation | | J.B. Hunt Falls Hard After Mixed Quarter
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. The company just reported for the ca... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Auto/Tires/Trucks | | It’s been a tough six years for Harley Davidson (NYSE: HOG) shareholders; shares currently change hands for less than half of 2014 levels. To add insult to injury, the S&P 500 has nearly doubled over the same period.
The motorcycle manufacturer has struggled because older riders comprise ... Read the Full Story |
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Energy | |
Without a doubt, one of the brightest sectors in the market at this time is alternative energy. Solar and alternative energy stocks have likely been rallying for several reasons. Alternative energy technology is becoming more advanced and less expensive for consumers to purchase. The earnings for ... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
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Finance | |
The first thing that may come to mind when you think of Progressive (NYSE:PGR) is one of the company's humorous television commercials. But outside the strange brand of humor is a strong brand of insurance that has quietly propelled Progressive's stock price to fresh all-time highs.
The Ohio-base... Read the Full Story |
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Retail/Wholesale | | We Like Walgreens Boots Alliance
Walgreens Boots Alliance (NASDAQ:WBA) has caught the eye of more than one analyst here at MarketBeat, and only for good reasons. I myself wrote about this stock in July, comparing it to CVS (NYSE:CVS) and coming away with the feeling this stock was a great buy for l... Read the Full Story |
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Aerospace | | General Electric Is Approaching A Turning Point
General Electric (NYSE:GE) has seen no end to its troubles over the last few years but the end may be in sight. The company has been working hard to restructure, refocus, and reinvigorate growth under the leadership of CEO Larry Culp and those efforts... Read the Full Story |
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Technology | | Infosys (NYSE: INFY), the $70 billion Indian multinational, has had a year of years, and there are still ten weeks to go in 2020. Their American Depository Receipts (ADR) shares are up more than 25% this month alone and up a full 140% since March. Not bad for a company reporting revenue growth in th... Read the Full Story |
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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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The Early Bird Stock Of The Day Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications. It offers lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in computers and notebooks, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors, value-added resellers, directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers. It serves China, Taiwan, South Korea, Europe, Japan, Southeast Asia, the United States, and internationally. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington. | | View Today's Stock Pick |
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