Good MorningStocks tread water on Wednesday while investors watch Capitol Hill for clues about stimulus. The two sides continue to negotiate and point toward progress and yet no deal has been reached.
At this point in the stimulus negotiations, with the election two weeks away, it is unlikely any deal will be made before we know the outcome of the vote. The trouble for markets is that much of the gains made this year are based on this same stimulus; when it finally comes it may be too little too late to keep stocks moving higher.
On a technical note, the price action in the SPX has begun to look bearish. Over the last two months, the chart of weekly price action has formed a pattern that could easily turn into a double top. If the double-top reversal pattern confirms itself by falling to a new low, the S&P 500 could be in big trouble. A move down to retest the March lows is not out of the question.
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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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Markets | | | Graphic Packaging Holding Company Is A Play On eCommerce
International Paper (NYSE:IP) emerged as a play on eCommerce for me a few weeks ago. A rising number of bullish analysts are pointing to a growing demand for packaging products due to the pandemic. The pandemic spurred a massive shift to eCom... 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 | | | Netflix was a big winner in the early innings of the pandemic, adding 15.8 million subs in Q1 and 10.1 million in Q2. In the company’s letter to shareholders, Netflix attributed the Q3 slowdown to a “pull-forward effect.” Read the Full Story |
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The Early Bird Stock Of The Day Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services. This segment also offers FICO Platform, a modular software offering designed to support advanced analytic and decision use cases, as well as stand-alone analytic and decisioning software that can be configured by customers to address a wide range of business use cases. The Scores segment provides business-to-business scoring solutions and services for consumers that give clients access to predictive credit and other scores that can be integrated into their transaction streams and decision-making processes, as well as business-to-consumer scoring solutions comprising myFICO.com subscription offerings. It offers FICO Customer Analytics, FICO Responsible AI, FICO Advisors, FICO Business Outcome Simulator, FICO Forecaster, FICO TRIAD Customer Manager, FICO Blaze Advisor, FICO Xpress Optimization, FICO Falcon Fraud Manager, FICO Analytics Workbench, FICO Data Orchestrator, FICO DMP Streaming, FICO Decision Optimizer, and FICO Strategy Director, as well as software implementation and configuration services. The company markets its products and services primarily through its direct sales organization and indirect channels, as well as online. The company was formerly known as Fair Isaac & Company, Inc. and changed its name to Fair Isaac Corporation in July 1992. Fair Isaac Corporation was founded in 1956 and is headquartered in Bozeman, Montana. | | View Today's Stock Pick |
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