Good MorningThe major indices continued to advance on Thursday extending the rebound in the broad market S&P 500 to a one-month high. The action was led by the S&P 500 with an advance near 0.75% and closed near the highs of the session. Trading was buoyed by hopes for a stimulus package despite the growing impasse in Washington. The market assumes a bill will be passed, the only questions are when and which side will get the credit for it.
Next week could be a volatile one for traders. Not only is Friday the first options expiration of the 4th quarter but the peak of 3rd quarter earnings season kicks off with reports from some key names including many of the biggest banks. If the results or outlook don’t jibe with what the markets want we could see the indices begin to top out again. Until then, the forecast for the reporting season is good.
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Markets | |
With so many people spending time at home this year, it makes sense that video games are increasing in popularity. The industry was seeing accelerated growth before the pandemic thanks to the widespread adoption of mobile technology and the rise of social media. Now, many of the companies that off... Read the Full Story |
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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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Consumer Discretionary | | Dividends Are A Pillar Of Your Portfolio
Dividend-growth stocks are my absolute favorite when it comes to investing. These stocks offer not only the chance for capital appreciation but also for an increasing yield-on-investment. Over time, the combination can drive total returns far in excess of th... Read the Full Story |
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Business Services | | Acuity Brands Business Is A Two-Edged Sword
When it comes to the pandemic there are company’s in a good position and those in a bad position to capitalize on trends it sparked. When it comes to construction and construction-related supplies a good position might be a focus on consumer or home... 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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Construction | | A lot of people are looking to buy a home. You can look at the anecdotal evidence: countless people in desirable neighborhoods are reporting that real estate agents are cold calling – now more than ever – in hopes that they are open to selling their home. The remote working boom has led ... Read the Full Story |
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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 | | 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.
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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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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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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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The Early Bird Stock Of The Day Zumiez Inc. operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times. It operates zumiez.com, zumiez.ca, blue-tomato.com, and fasttimes.com.au e-commerce websites. Zumiez Inc. was founded in 1978 and is headquartered in Lynnwood, Washington. | | View Today's Stock Pick |
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