Good MorningThe equity markets ended the first up-week in five on a sour note, falling across the board after traders learned President Donald Trump has COVID-19. The news may alter the course of the election but was largely shrugged off. Although the indices fell for the day on Friday they closed well-off the lows highlighting an underlying market resilience.
On the flip-side, it looks like House Majority Leader Nancy Pelosi and Secretary of the Treasury Steven Mnuchin are getting closer to a deal. While there are still hurdles to cross a late-day press-conference from Mrs. Pelosi inspired no small amount of confidence. The deal would include another round of stimulus payments as well as industry and state-specific aid. If passed, the news could trump all else and send the S&P 500 to a new high. The next week could be tough for the market, there is very little earnings or economic news on the calendar.
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Markets | |
Retail fashion department store operator Nordstrom, Inc. (NYSE: JWN) shares have been bleeding excessively in recent weeks firmly underperforming the benchmark S&P 500 index (NYSEARCA: SPY). The stock has fallen beyond the pandemic lows made in March 2020 forming a new decade low. Retail appa... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Consumer Discretionary | |
The global pandemic has already caused significant changes in the way that technology is used daily. Some companies are suffering from these changes while others are seizing the opportunity to gain market share and establish themselves as industry leaders. For example, Chegg (NYSE:CHGG) is a compa... Read the Full Story |
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Technology | | For a while there last month, it was starting to look like Workday (NASDAQ: WDAY) was in trouble. Shares dropped close to 20% from August’s all-time high, which came about after the company reported stellar earnings. In the last week of that month, a double-digit percentage jump in year on yea... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Discretionary | |
Back in the closing days of August, we took a look at Shake Shack (NYSE:SHAK), and found that its comeback from the dark days of COVID-19 was carrying on wonderfully. A little over a month later, we find that the company's comeback trail really hasn't hit any significant snags, and, better yet, a ... Read the Full Story |
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Markets | | Job Gains Slow But Remain Well Above Pre-COVID Levels
The September Labor Situation Report, AKA the non-farm payroll report, came in a bit weak and is weighing on market confidence. With the pace of new job creation slowing the health of the economic recovery is in question. While there is undoubte... Read the Full Story |
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From Our Partners | | A 20-minute read could change how you approach your next options trade. Chris Pulver is giving away his guide, Right About The Market, Wrong About The Money, free of charge.
Built from two decades of trading experience, the guide tackles a common problem: losing a trade even when your market call was correct.
No cost, no catch, just a packed resource for options traders who want a sharper edge. | | Click here to get your free copy of the guide |
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Consumer Staples | |
After what looks to be an earnings beat on the top and bottom lines for PepsiCo (NASDAQ:PEP), investors may wonder if now is the time to take a nibble or two at the company’s stock. The answer to that question will depend less on what the company reports and more on what the company says.
P... Read the Full Story |
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Markets | |
During the first half of 2020, the IPO market was heavily impacted by the global pandemic. Many companies that were planning to go public put their IPO dates on hold as the market took a massive downturn amid extraordinary volatility. However, the IPO market has picked up a lot of steam during the... Read the Full Story |
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Technology | | Investors might be forgiven for thinking that after a 200% run in just 6 months, a stock might be ready to tap out for the year and begin to consolidate. But for shares of Shopify (NYSE: SHOP), it looks like they’re just getting started.
BigCommerce (NASDAQ:BIGC) Stock Breaking Out: The Nex... Read the Full Story |
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Markets | |
For the better part of this year investors have been trying to figure out ways to make money from companies that are benefitting from the pandemic. Technology stocks tied to the remote workforce theme have been popular and performed well. Several consumer products companies have also been clear wi... Read the Full Story |
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Consumer Discretionary | |
One of the more unexpected trends that have resulted from the pandemic is the increase in the demand for new single-family homes. At first, many believed that the pandemic would cause an economic crisis that would decimate the real estate market. However, that hasn’t exactly been the case fo... Read the Full Story |
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The Early Bird Stock Of The Day Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers. It markets and distributes its products primarily under the Whirlpool, Maytag, KitchenAid, JennAir, Consul, Brastemp, Amana, Bauknecht, Hotpoint, Indesit, InSinkErator, Yummly, Affresh, Gladiator, Swash, everydrop, Ignis, Privileg, Eslabon de Lujo, and Acros brands. The company sells its products to retailers, distributors, dealers, builders, and other manufacturers, as well as directly to consumers. Whirlpool Corporation was founded in 1911 and is headquartered in Benton Harbor, Michigan. | | View Today's Stock Pick |
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