Good MorningThe market gyrations continued on Wednesday with Tuesday’s losers moving higher and winners moving lower. The big story is rotation. The market is rotating out of growth and into value but a big question remains unanswered; what will happen to the S&P 500 over the next few months. With the number of new COVID cases rising daily, it appears we are on the brink of the darkest days of the pandemic. Economic restrictions have already resumed, there is another widespread shutdown the S&P 500 could easily retest the March lows.
The silver lining is the economy. The economy is rebounding much stronger than anticipated and now sustaining itself. A massive drawdown of inventory has the U.S. on the brink of a major manufacturing rebound that will last for years to come. That is compounded by what one analyst called a Golden Age for Homebuilders that promises jobs, jobs, and more jobs.
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Politics | | | Stocks downshifted on Tuesday, a day after their powerful worldwide rally, but optimism remained high that the global economy may still be headed for a return to normal.
It was the second straight day that rising hopes for a COVID-19 vaccine pushed investors to reorder which stocks t... Read the Full Story |
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Stocks | | | The market darlings are trading well above fair value while other stocks with equally attractive business, growth, and dividend are lagging. That’s opened up some deep values in the market and these are just a few. Read the Full Story |
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Politics | | | J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders.
The U.S. Bankruptcy Court for the Southern District of Texas approved a purchas... Read the Full Story |
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Markets | | | New Jersey is upping its efforts to force chemical companies to pay for decades of contamination of waterways by substances including so-called “forever chemicals” used to stain-proof clothing and produce non-stick cookware that have become ubiquitous in everyday life Read the Full Story |
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Markets | | | New Jersey is upping its efforts to force chemical companies to pay for decades of contamination of waterways by so-called “forever chemicals” used to stain-proof clothing and produce non-stick cookware that have become ubiquitous in everyday life Read the Full Story |
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From Our PartnersLendingTree has helped over 1.1 million Americans with refinancing. Calculate your payment to see how much you can save. | | | | Continue Reading |
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Politics | | | WASHINGTON — The U.S. government will start Wednesday to distribute the limited supplies of a newly authorized antibody drug for those with mild or moderate COVID-19 in hardest-hit states.
On Monday, the Food and Drug Administration agreed to allow emergency use of Eli Lilly’s experim... Read the Full Story |
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Markets | | | A Great Company But Rockwell Automation Is No Value
The stock market has entered a great rotation from growth to value and in that light, Rockwell Automation (NYSE:ROK) is a sell. Trading between 25X and 30X forward earnings it’s highly valued relative to the broad market making it a target f... Read the Full Story |
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Markets | | | It’s been a full quarter since I last reviewed Advanced Auto Parts (NYSE:AAP) and the situation is only more attractive. At the time, I saw the stock on the verge of a breakout and urged investors to wait for a pullback before buying. Read the Full Story |
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There's a school of thought that says job cuts are good for a company's share price because it demonstrates that the company is willing to make the “tough calls” to improve the bottom line. If that's the case, then AT&T (NYSE:T) should be in line for some big gains of its own as th... Read the Full Story |
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Stocks | | | Food and beverage maker Campbell Soup Company (NYSE: CPB) shares have been in decline since peaking out at height of the pandemic as the food stockpiling phenomenon surged demand. Shares appear to be setting up for a breakdown underperforming the benchmark S&P 500 index (NYSEARCA: SPY). The adve... Read the Full Story |
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The Early Bird Stock Of The Day Hilltop Holdings Inc. provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance. It also provides treasury management, asset management, check cards, safe deposit boxes, online banking, bill pay, and overdraft privilege services; and estate planning, management and administration, investment portfolio management, employee benefit accounts, and individual retirement accounts services, as well as automated teller machines. The Broker-Dealer segment offers public finance services that assist public entities in originating, syndicating, and distributing securities of municipalities and political subdivisions; specialized advisory and investment banking services; advice and guidance to arbitrage rebate compliance, portfolio management, and local government investment pool administration; advisory services and products for derivatives and commodities; agricultural insurance; and sells, trades in, and underwrites U.S. government and government agency bonds, corporate bonds, and municipal bonds; mortgage-backed, asset-backed, and commercial mortgage-backed securities and structured products; and provides asset and liability management advisory, clearing, retail, and securities lending services. The Mortgage Origination segment offers fixed and adjustable rate mortgages, jumbo, new construction, Federal Housing Administration, Veterans Affairs, and United States Department of Agriculture loans. Hilltop Holdings Inc. was incorporated in 1998 and is based in Dallas, Texas. | | View Today's Stock Pick |
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