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.
Featured: Trump goes "all-in" on Grand Canyon energy breakthrough (Ad) 
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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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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
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Communication Services | | Netflix (NASDAQ: NFLX) released its Q3 earnings yesterday after the bell, and the market didn’t like the numbers; shares are set to open down more than 5% today.
NFLX had started to pull back over the past five sessions, and today’s open will take shares below the 50-day moving average.... Read the Full Story |
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Technology | |
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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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Materials | | 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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Healthcare | | 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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From Our Partners | | A small-cap gold and silver royalty company is generating record revenue from producing mines, yet shares still trade under 1 dollar.
It just signed the largest transaction in its history, a new gold streaming deal backed by a strategic relationship with a major mining investment firm.
A well-known sector financier has invested his own money and joins the CEO in an exclusive interview breaking down the full story. | | Click here for instant access to the free report now |
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Industrials | | 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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Healthcare | | Is There More To The Sorrento Therapeutics Stor
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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Consumer Discretionary | | Chipotle (NYSE: CMG) is set to report its Q3 earnings on Wednesday. Wall Street is expecting comps to grow 7.2%; based on what we know, I think that’s too conservative.
Granted, that alone doesn’t mean to run and buy Chipotle shares as fast as you’d, well, run and buy a Chipotle b... Read the Full Story |
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Consumer Discretionary | |
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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Industrials | | 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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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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