Good MorningDownward pressure continued on Tuesday pushing the major indices down by 1.0% or more on an intraday basis. The move was led by the NASDAQ Composite which closed with a loss near -1.30% despite closing well off of its lows. The Dow Jones Industrial Average was the only major index to move significantly higher, it closed with an advance near 1.0%. The takeaway for investors is that the great rotation is on. Market participants are shedding their exposure to growth stocks and big-tech in favor of value and dividends.
Wednesday could see the market continue to gyrate. The earnings season is still in full swing although we are nearing the end of the cycle. With nearly 90% of the reports in the bag, the results are much better than expected. Looking forward, the analysts continue to up their estimates for the 4th quarter promising solid results if not higher prices for the stock market.
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Stocks | | |
It seems like things are moving faster than ever in financial markets. After equity markets made a huge move up last week, we received even more bullish news that sent stocks soaring to reach new all-time highs during Monday’s trading session. Pfizer (NYSE:PFE) announced that early data from... Read the Full Story |
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Stocks | | |
Over the last week, we have seen some truly remarkable moves in China-based companies that produce and manufacture electric vehicles. With flurries of analyst upgrades, solid delivery numbers, and lots of bullish sentiment about the potential of the Chinese EV industry, these supercharged stocks a... Read the Full Story |
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Politics | | | Asian stock markets rose for second day Tuesday on hopes for progress toward a possible coronavirus vaccine that might allow the world to revive manufacturing, shopping and normal life.
Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney rose while Seoul fell less than 0.1%.
... Read the Full Story |
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From Our Partners | | Some of the world’s best gold developers are trading at just 30% of NAV — like buying a dollar for 30 cents.
With gold at record highs and Bridgewater now buying in, one analyst believes Buffett’s next move could hit by August 15th. He’s identified the gold miner that fits Buffett’s profile — plus four smaller plays with even more upside. | | Get the name of Buffett’s likely gold target here |
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Politics | | | Global stocks and U.S. futures rose for second day Tuesday on hopes for progress toward a possible coronavirus vaccine that might allow the world to revive manufacturing, shopping and normal life.
Market benchmarks in London, Frankfurt and Tokyo advanced while Shanghai closed lower. J... Read the Full Story |
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Markets | | | In a surprise vote, California’s Proposition 22 which allows ride-hailing services such as Lyft (NASDAQ:LYFT) to qualify its drivers as independent contractors was passed. Not surprisingly, Lyft stock gapped up after the vote.
Read the Full Story |
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Politics | | | Spain’s top health official says the government wants to inoculate least 10 million of the country’s 47 million people using a new COVID-19 vaccine developed by U.S. pharmaceutical Pfizer and its German partner, BioNTech Read the Full Story |
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Politics | | | U.K. unemployment rose to its highest level since 2016 in the three months through September as the COVID-19 pandemic forced employers to shed workers, the Office for National Statistics said Tuesday.
The unemployment rate increased to 4.8% in the period, up 0.3 percentage points from... Read the Full Story |
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Politics | | | U.S. health officials have allowed emergency use of the first antibody drug to help the immune system fight COVID-19, an experimental approach against the virus that has killed more than 238,000 Americans.
The Food and Drug Administration on Monday cleared the experimental drug from ... Read the Full Story |
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Markets | | | Workhorse Group Is About To Melt-Up
The Biden victory is a positive for the EV industry. His renewables-friendly platform will help not only the Workhorse Group but the entire EV market. Within that sphere, however, Workhorse Group is emerging as a leader not only in EV but in a very lucrative nich... Read the Full Story |
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Markets | | | There’s Little Not To Like About CVS Health Corporation
Shares of CVS Health Corporation (NYSE:CVS) have been struggling to maintain their value over the past few years but that is about to change. The merger with Aetna is well-completed at this point in the game and the outlook for earnings ... Read the Full Story |
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The Early Bird Stock Of The Day SS&C Technologies Holdings, Inc. engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada. Its products include advent genesis, antares, asset allocators, AWD, axys, BANC mall, BRIX, DST vision, evare, lightning, and moxy. The company was founded by William Charles Stone in March 1986 and is headquartered in Windsor, CT. | | View Today's Stock Pick |
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