Good MorningThe selling intensified on Wednesday as rising numbers of COVID cases and fear that another round of stimulus may not come until next year. The major Wall Street indices all fell more than 3.0% to close at the low of the day. The S&P 500 is now at its lowest level in nearly a month. With the broad market index down more than 8.0% from its high a deeper sell-off looks all but certain.
The VIX, the markets fear-gauge, surged more than 20% for the day to set a new four-month high. The move is strong and points to the rising fear of a no-win situation for the stock market. If incumbent Donald Trump wins the election it is assured that stimulus would be far less than what it would be under a Democratic president. If former Vice President Joe Biden wins the market will fall on fear of rising taxes.
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Markets | | Juniper Networks Isn’t Exciting But It Is A Steady Dividend Payer
Juniper Networks (NYSE:JNPR) isn’t an exciting company compared to say an Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), or even Nvidia (NASDAQ:NVDA) and AMD (NASDAQ:AMD). It’s a maker of networking equipment, router... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Construction | | 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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Retail/Wholesale | | 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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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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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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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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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Retail/Wholesale | | 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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Retail/Wholesale | | 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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Medical | |
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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Medical | |
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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The Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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