Good MorningThe equity market started the week off on solid footing gaining more than 1.75% by the end of the session. The move was supported by a combination of factors including last week’s economic data, a growing number of upgrades for the 3rd quarter earnings season, and President Trump’s return to the White House.
On a technical basis, the market action on Monday was very bullish. Not only did the S&P 500 move high for the day but it also confirmed support at the short-term moving average and set a new three-week going on one-month high. With price action moving up from the 30-day moving average the next target is the all-time high. If the 3rd quarter earnings reporting cycle is as good as it looks like it will be, the S&P 500 is sure to set a new all-time high very soon.
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Markets | |
One of the transformative events of the last few years has been the convergence of finance and technology. One of the ways that this transformation has played out is the emergence of stock trading apps that allow traders to bypass traditional brokerage firms and buy or sell stocks from their mobil... Read the Full Story |
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From Our Partners | | Elon Musk bought Super Bowl ad time at $266,000 per second - something he has never done before. 125 million Americans watched, but Whitney Tilson, former manager of a $200 million hedge fund, says most investors missed what it actually means.
With 1 in 3 Super Bowl viewers using buy-now-pay-later services and 40% of Americans carrying more credit card debt than savings, Tilson believes Elon's message reveals a major economic current - and a clear signal for where smart money should be positioned. | | Watch Tilson's free presentation to see what he thinks you should do now |
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Medical | |
While Bristol-Myers Squibb (NYSE:BMY) isn't exactly lacking in reasons to consider it a household name, it recently figured that it could stand a little extra firepower on its side. To that end, the company recently shelled out a hefty $13.1 billion to buy MyoKardia (NASDAQ:MYOK), a much less-well... Read the Full Story |
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Auto/Tires/Trucks | | Demand For Trucks Surges On Tightening Capacity
The transportation sector and in particular the trucking industry is beginning to look very interesting. A perfect storm of conditions worsened by the pandemic has capacity tightening, demand rising, spot-prices for hauling increasing, and fleets stru... Read the Full Story |
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From Our Partners | | The U.S. Treasury still carries America's gold reserves at $42 per ounce — a price set generations ago. Buried in U.S. Code Title 31, Section 5117 is a provision allowing the Treasury to revalue those reserves to modern market prices. With gold now trading above $2,600 and record government debt putting pressure on the monetary system, attention is returning to this mechanism and what a revaluation could mean for the dollar and for private gold holders. Historically, when monetary systems shift, wealth doesn't disappear — it moves. The U.S. Gold Bureau has put together a complimentary Precious Metals IRA investor guide for Americans looking to understand how to position ahead of the next phase. | | Request Your Free Precious Metals IRA Guide from the U.S. Gold Bureau |
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Consumer Staples | | One year ago, hard seltzer was less than 1% of the total U.S. market for alcohol.
Now it’s 2.5%. And IWSR projects hard seltzer will roughly triple – again – by 2023. Consumers have been attracted to hard seltzer because they are low-calorie alcoholic options – and the delic... Read the Full Story |
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Markets | |
Retail fashion department store operator Nordstrom, Inc. (NYSE: JWN) shares have been bleeding excessively in recent weeks firmly underperforming the benchmark S&P 500 index (NYSEARCA: SPY). The stock has fallen beyond the pandemic lows made in March 2020 forming a new decade low. Retail appa... Read the Full Story |
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From Our Partners | | This feels like one of those ''where were you when Kennedy was shot'' moments. It felt like a moment in time, but that single shot started an avalanche of investigations, accusations, and conspiracy theories.
That's what you just witnessed with the death of the Ayatolla Khamenei.
Because the strikes proved how fragile things can get: billions could be lost. Seniors and the vulnerable put at risk. | | So to make it easy, Get the 2026 Retirement Survival Guide. Plain-English, step-by-step |
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Technology | |
The global pandemic has already caused significant changes in the way that technology is used daily. Some companies are suffering from these changes while others are seizing the opportunity to gain market share and establish themselves as industry leaders. For example, Chegg (NYSE:CHGG) is a compa... Read the Full Story |
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Technology | | For a while there last month, it was starting to look like Workday (NASDAQ: WDAY) was in trouble. Shares dropped close to 20% from August’s all-time high, which came about after the company reported stellar earnings. In the last week of that month, a double-digit percentage jump in year on yea... Read the Full Story |
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Retail/Wholesale | |
Back in the closing days of August, we took a look at Shake Shack (NYSE:SHAK), and found that its comeback from the dark days of COVID-19 was carrying on wonderfully. A little over a month later, we find that the company's comeback trail really hasn't hit any significant snags, and, better yet, a ... Read the Full Story |
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Markets | | Job Gains Slow But Remain Well Above Pre-COVID Levels
The September Labor Situation Report, AKA the non-farm payroll report, came in a bit weak and is weighing on market confidence. With the pace of new job creation slowing the health of the economic recovery is in question. While there is undoubte... Read the Full Story |
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Consumer Staples | |
After what looks to be an earnings beat on the top and bottom lines for PepsiCo (NASDAQ:PEP), investors may wonder if now is the time to take a nibble or two at the company’s stock. The answer to that question will depend less on what the company reports and more on what the company says.
P... Read the Full Story |
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The Early Bird Stock Of The Day WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities. The company also provides a range of loans, which comprise fixed and adjustable rate residential loans; commercial mortgage and commercial loans; commercial construction loans; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion and other business purposes; and consumer credit products, such as home equity loans, home equity lines of credit, automobile loans, unsecured lines of credit, and other secured and unsecured personal installment loans. In addition, it offers insurance products; planning and advisory services, investment management, trust services, and credit and deposit products to individual, corporate and institutional clients; retail securities and insurance brokerage services; mortgage and title services; residential mortgage and refinancing solutions; and leases small equipment and fixed assets, as well as provides financial planning, customized investment strategies, brokerage products, fiduciary, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, and deposit safe cash logistics services, as well as trustee, agency, bankruptcy administration, custodial and commercial domicile services. The company was founded in 1832 and is based in Wilmington, Delaware. | | View Today's Stock Pick |
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