Good MorningThe stock markets got a jolt on Monday as the number of new cases of COVID hit a new all-time high in the U.S. The spike in cases is not unexpected but heightens fear of an exponential spread of the virus. All the major indices shed at least 2.0% intraday but some of the losses were regained before the close of the session.
In technical terms, Monday’s price action is not good. The S&P 500 fell below its short-term 30-day moving average where bearish traders may take control. If the index cannot regain the upper side of the average quickly a much deeper correction could be coming.
Looking at the so-called “fear index”, the VIX gained more than 20% intraday and set a two month high. The move in the VIX was strong and looks like it will move higher so traders and investors should be ready for increased volatility if not lower prices for the S&P 500. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Discretionary | | PetMed Express, At The Nexus Of Three Trends
PetMed Express (NASDAQ:PETS), like its larger competitor Chewy, Inc (NYSE:CHWY), is well-positioned for the pandemic. As a 100% eCommerce play on pet care it is riding not one but three waves of growth; petcare with a mid-single-digit projected CAGR, eCo... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Discretionary | | Hasbro Moves Lower After Market-Beating Report
Shares of Hasbro (NASDAQ:HAS) began to move higher on Friday after its competitor Mattel (NASDAQ:MAT) surprised the market. According to Mattel, there is strong COVID-inspired demand for toys and at-home entertainmentthat should carry through the holid... Read the Full Story |
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Healthcare | |
It’s always interesting to see which companies become Wall Street darlings and which ones fade away into obscurity after going public. IPOs tend to attract a lot of attention because they offer investors the opportunity to invest in something new and potentially groundbreaking. However, inve... 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.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Healthcare | |
We've been following Gilead Sciences (NASDAQ:GILD) since April, and the company's efforts to treat the coronavirus have finally delivered some very big results. While its primary coronavirus treatment vehicle remdesivir had previously received FDA approval on an emergency basis, the agency has tip... Read the Full Story |
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Consumer Discretionary | | Domino’s (NYSE: DPZ) became a victim of its own success. After a Q2 earnings smasher, expectations were sky-high.
DPZ shares rallied heading into the Q3 earnings release, and then… Domino’s missed.
Yes, that gap down came right after earnings.
Revenue Beat Overshadowed by Ear... Read the Full Story |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Consumer Staples | | The Coca-Cola Company Is A High-Yield LaggardThe Coca-Cola Company (NYSE:KO) has been lagging its largest competitor Pepsico (NASDAQ:PEP) all year and it’s no wonder. Where Coca-Cola is a beverage-pureplay with a big focus on away-from-home consumption Pepsico has been working hard to become a... 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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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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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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The Early Bird Stock Of The Day Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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