Good MorningThe broad market traded in a very tight range on Tuesday. After Monday’s big declines, investors and traders are holding their breath waiting to see what happens next. With the stimulus talks on the rocks the general attitude is “when will the other shoe hit the floor”. Adding to the woe is the rising number of COVID cases that have the U.S. setting new highs. If COVID continues to spread unchecked it could lead to another economic shutdown.
On the flip side, the economic data remains strong and belies the need for further economic stimulus except on a targeted basis. On the industrial front, new orders for durable goods rose 1.9% in September, driven by a massive decline in inventory across most industries. On the housing front, home prices continue to rise as pent up demand and low inventory fuel the market.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Industrials | | There’s Nothing Not To Like About Simpson Manufacturing
Simpson Manufacturing Co, Inc (NYSE:SSD) just reported a stellar quarter and updated its guidance, and yet shares are down nearly 4.0% on the news. The move raises questions about the company’s health but upon a deeper look, I can ... 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 Staples | | Grocery store operator Weis Markets, Inc. (NYSE: WMK) shares have been chopping in range for the past few months, but still trading above its pre-pandemic February 2020 highs and outperforming the benchmark S&P 500 index (NYSEARCA: SPY). The Mid-Atlantic operator of 197 stores has been executing... Read the Full Story |
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Consumer Staples | | The Simply Good Food Company Is A Small-Cap Growth Opportunity
The Simply Good Food Company (NASDAQ:SMPL) reported a fantastic 4th quarter and full-year 2020 with one caveat. The results are driven more by acquisition than core strength but that may not matter. With earnings and revenue projected t... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Consumer Discretionary | | It’s Still Time To Buy Flexsteel
I last wrote about Flexsteel Industries, Inc (NASDAQ:FLXS) way back in August when the company reported 4th quarter results. The results weren’t awesome when compared on a YOY basis but those comparisons belied the underlying story. Flexsteel spent the p... Read the Full Story |
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Consumer Discretionary | | Texas Roadhouse (NASDAQ: TXRH) is set to report its Q3 earnings tomorrow. Shares of the restaurant chain actually set all-time highs last Thursday, though they’ve dipped more than 6% over the past two sessions.
The past two sessions notwithstanding, Texas Roadhouse has significantly outperfor... 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 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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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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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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The Early Bird Stock Of The Day Alaska Air Group, Inc., through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington. | | View Today's Stock Pick |
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