Good MorningThe stock market went on a wild ride Tuesday. The major indices, at first up following a strong day on Monday, fell on a double-shot of news that only means more volatility in the days ahead. The first news came from Fed chief Jerome Powell. Powell, in remarks to the National Association for Business Economics, said the risk of doing too much is small at this time. In his view, a lack of stimulus from Congress is imperiling the recovery, a recovery that would be much stronger if all branches of Government worked together.
The second news came in the form of a Trump Tweet. President Trump says he’s told his negotiators to cease talks about stimulus until after the election. The President says House Speaker Nancy Pelosi isn’t negotiating in good faith and prefers to make a deal after he’s won his second term. With no deal in sight the odds of a new S&P 500 all-time high might be slipping away.
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Consumer Discretionary | | Upgrades Will Drive The Market HigherThe 3rd quarter earnings cycle is yet to really begin but there is already a major theme emerging. Upgrades. The analysts have been upgrading their targets and ratings on the pandemic-proof and recovery stocks for the last month and the trend is accelerating. The... Read the Full Story |
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Markets | |
Webull is an online trading platform that started in 2017 as a research platform. Since 2018, the company has been competing with Robinhood in the online brokerage space.
Webull is available as both a desktop app and a mobile web-based app. Once a user establishes an account they have access to b... Read the Full Story |
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Consumer Discretionary | |
Few non-technology stocks have performed as well Domino's Pizza (NYSE:DPZ) this year. Shares of the pizza delivery company have climbed 47% year-to-date making it the 25th best performer in the S&P 500.
Domino's has been a clear beneficiary of the pandemic as people have been quick to dial th... Read the Full Story |
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From Our Partners | | The biggest IPO in history is likely just weeks away…
Anthropic, the company behind Claude AI, is rumoured to be lining up a Nasdaq debut before Thanksgiving… at a valuation of up to $2 trillion. But here’s what nobody’s talking about…
A raise of about $100 billion doesn’t just make headlines. It puts an enormous spotlight on the AI industry. And as investors rush to find the next big opportunity in artificial intelligence, some of the most interesting plays may be hiding outside traditional AI stocks. | | Click here to see my #1 pick for the Claude IPO. |
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Industrials | |
Paychex Is A Diversified Play On Economic Recovery
Paychex, Inc (NASDAQ:PAYX) s a cloud-based HR, financial, and insurance services firm serving small and mid-cap businesses. Don’t think that the labor market is struggling because you heard that job growth slowed. The labor market took a bi... Read the Full Story |
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Consumer Staples | | Dollar Tree’s Hiring Spree Is A Double-Dose Of Good NewsDollar Tree (NASDAQ:DLTR) announced plans to hire more than 25,000 new associates this month highlighting yet another opportunity for investors. The more is intended to fill vacancies in stores and distribution centers across the country ... Read the Full Story |
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From Our Partners | | After the Dot-Com Bubble burst in March 2000, the Nasdaq fell 78% over the following decade. But gold staged a historic bull run, and select miners delivered gains of 50X, 53X, 252X, and even 362X.
Garrett Goggin, CFA, CMT and founder of The Golden Portfolio, has spent over 20 years studying these market rotations, including 15 years working alongside gold analyst John Doody. He's identified four gold miners positioned for the next rotation out of AI stocks. | | See Garrett Goggin's four gold miner picks before the next rotation begins |
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Consumer Discretionary | | Back on September 2, I analyzed Carvana (NYSE: CVNA). At the time, it had just broken out to fresh all-time highs. While I liked the company, I didn’t like the breakout for five reasons.
Well, as it happened, shares promptly plummeted by 30% in less than three weeks.
But then, right at the b... Read the Full Story |
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Healthcare | |
There’s a lot of competition right now between major biotech and pharmaceutical companies as they race to find treatments for COVID-19. This has caused many of the stock prices of these companies to go dramatically higher as investors place their bets on which company will find success again... Read the Full Story |
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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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Healthcare | |
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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Industrials | | 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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The Early Bird Stock Of The Day Verint Systems Inc. provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions. The company provides Verint Open platform designed to help brands increase CX automation across all touchpoints between organization and customers in the contact center, back office, branch, web sites, and mobile apps. It serves banking, insurance, public, retail, and telecommunication industries. Verint Systems Inc. was incorporated in 1994 and is headquartered in Melville, New York. | | View Today's Stock Pick |
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