Good MorningEquities rebound on Wednesday, erasing Tuesday’s losses, on renewed hopes for fiscal stimulus. A new round of Tweets from President Trump indicated his support for targeted relief despite signs a broader package has stalled. Whether or not legislators will agree to stimulus is still in question but it seems at least the idea is not completely dead.
In other news, the Dow Jones Transportation Average edged up to set a new all-time high. This move is very bullish according to Dow Theory and could indicate further upside for the broad market. According to Dow Theory, a break out in the transports usually leads to a similar move in the blue-chip industrial index. Further, when a break out in one index is confirmed by a break out in the other robust gains usually follow.
Featured: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Staples | | Shares of cosmetics and skincare company e.l.f. Beauty (NYSE: ELF) have been consolidating in a tightening range since rallying back up off pandemic lows with the benchmark S&P 500 index (NYSEARCA: SPY). Cosmetic stocks have been coiling for a breakout with the economic restarts. The Company re... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Technology | | It’s The Dawn Of A New Age
As cliche as it may sound, it is the dawn of a new age. Not only has the shift to digital accelerated in response to the pandemic but trends within the industry are about to unleash the future of technology. What I’m talking about is 5G. 5G has gotten a lot of... Read the Full Story |
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Consumer Discretionary | |
Making investment decisions based on the latest market trends and changes in the consumer behavior can potentially translate to strong profits in the long run. For example, the rise of athleisure wear is one of the latest developments in the apparel industry and has resulted in booming sales for s... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Medical | | Diversified medical science giant Abbott (NYSE: ABT) stock made headlines regarding its gamechanger $5 coronavirus test that gives results in 15 minutes. Shares have been wildly outperforming the benchmark S&P 500 index (NYSEARCA: SPY). The recent pullbacks from a sell-the-news reaction is disco... Read the Full Story |
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Consumer Staples | |
The S&P 500 is trading at around 22x earnings. Albertsons (NYSE: ACI) is trading at around 7x projected earnings for its fiscal year ending February 2021. I am not going to make the argument that Albertsons will triple and reach a P/E ratio that is in line with the average. Because that’... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Retail/Wholesale | | 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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Retail/Wholesale | |
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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Technology | |
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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Retail/Wholesale | | 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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The Early Bird Stock Of The Day Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada. | | View Today's Stock Pick |
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