Good MorningThe equity market went on another wild ride on Tuesday. Hopes and fears are being stoked to new levels by Washington politicians. While no stimulus deal is in sight all three sides have given positive indications to the market. If passed, the stimulus would unleash another round of consumer spending to boost the beleaguered economy. If not, well if not the market could be in for a big fall.
On a technical note, the uptrend that began in March is still intact. The last week’s volatility shaved about 2.75% off the broad market S&P 500 but failed to even touch the short-term moving average. So long as price action remains above the average investors can assume short-term traders are still bullish. Looking beyond the stimulus deal, there is reason to believe the market will keep rising with or without it. Earnings for the S&P 500 are much better than expected and the outlook for next year continues to brighten.
Featured: REVEALED: The "Berkshire Loophole" Warren Buffet Used To Pocket $4.9 Billion On Stocks He Never Owne (Investing Daily) 
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Markets | | | A Small-Cap Growth Opportunity With Big Aspirations
Del Taco Restaurants Inc (NASDAQ:TACO) is a small-cap taco chain with big aspirations. It is, technically, the U.S. 2nd largest taco chain by units but that’s only compared to Taco Bell (NYSE:YUM). The claim, prominently stated in the compan... Read the Full Story |
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With so many high-flying software companies for investors to choose from right now, it’s easy to get overwhelmed when trying to figure out which ones belong in your portfolio for the long-term. Many of these companies are benefitting from secular growth trends and continue to reach new all-t... Read the Full Story |
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Markets | | | PPG Industries Beats And Raises On Rising Demand
The paint industry, as a whole, has been doing fairly well this year. There are spots of weakness within the group but it is limited to industrial use and even that weakness is dissipating. Companies with a healthy exposure to consumer trends, housin... Read the Full Story |
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Markets | | | Sorrento Therapeutics (NASDAQ:SRNE) emerged as an early contender in the fight against COVID-19 and fast cementing its position. The company has multiple vaccine and therapy candidate trials in the works and stands to profit from at least one of them. Read the Full Story |
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Markets | | | Lennox International Rebounds In The 3rd Quarter
Lennox International (NYSE:LII) was not immune to the pandemic. The company saw a 14% decline in YOY revenue last quarter but the bad times are already over. Like so many others, Lennox has proven capable of weathering the storm, and that is well-pos... Read the Full Story |
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The Early Bird Stock Of The Day Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems. The company offers connectors and connector systems, including harsh environment data, power, high-speed, fiber optic, and radio frequency interconnect products; busbars and power distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; other products comprising flexible and rigid printed circuit boards, hinges, other mechanical, and production related products. In addition, the company offers consumer device, network infrastructure, and other antennas; coaxial, power, and specialty cables; and sensors and sensor-based products. It sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets. Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut. | | View Today's Stock Pick |
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