Good MorningThe equities market gave up two days worth of gains on Thursday as rising COVID-19 cases stoke fears. The number of new cases has been hitting new highs on a daily basis in recent weeks and may lead to another round of economic shutdowns. The first round of shutdowns trimmed 32% off of U.S. GDP, if there is a second the market fears the damage could be far worse. If there is no good news on Friday the market could be in for another decline.
On the economic front, the number of new claims for unemployment insurance is falling. The number of new claims fell 22,000 over the last week to hit the lowest level since April as Americans trickle back to work. On the inflation front, Consumer Level inflation was unchanged over the last month and might be evidence of slackening demand. Friday will bring the latest read on Producer level inflation in the form of PPI but the data is not expected to move the market.
Featured: AI investors should get ready for a BIG surprise (Ad) 
|
Markets | |
There are several characteristics in a high-quality growth stock that investors should always look for before adding shares to their portfolio. These include things such as strong sales growth, justifiable valuations, and a large target market that is poised to grow for many years to come. One com... Read the Full Story |
|
From Our Partners | | According to Yahoo Finance, Elon Musk's latest project could 'upend another industry just as he did with cars and rockets.' Tech investor Jeff Brown - a former senior executive at Qualcomm, Juniper Networks, and NXP Semiconductors - says one tiny chipmaker, 148 times smaller than NVIDIA, is set to supply Musk with 5 billion chips over the next two years.
Early investors in Tesla and SpaceX saw life-changing returns. Brown believes this overlooked chipmaker could offer a similar opportunity, with entry points currently around $50. | | Click here to see Jeff Brown's full breakdown of this chipmaker |
|
Retail/Wholesale | |
It's been a tough year for the restaurant industry. Most companies have struggled to put food on the table amid pandemic-led shutdowns and restrictions. There have however been a handful of standout performers that have managed to not just survive but produce some impressive performances despite t... Read the Full Story |
|
Retail/Wholesale | | A Buying Op In Advanced Auto Parts
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. While the fundamental ... Read the Full Story |
|
From Our Partners | | Project Janus is a little-known initiative with ties to the White House, U.S. Army, and Department of Energy - and it targets the entire $3.7 trillion global energy sector.
Chief Investment Strategist Adam O'Dell believes its new fuel source, set to go online before December 18, 2026, could eliminate AI power bottlenecks and grid failures. He's releasing the name and ticker of his top stock pick at no charge. | | Get the full story and claim Adam O'Dell's top stock pick free |
|
Markets | |
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 |
|
Consumer Staples | | 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 |
|
From Our Partners | | Contributing to your 401(k) consistently is good financial behavior - but contributing and optimizing are two different things. High fees, heavy company stock concentration, and target-date funds that follow a formula rather than your situation can quietly erode your balance over time.
74% of U.S. millionaires work with a financial advisor - more than double the general population rate. A fiduciary advisor can review your 401(k) for fees, allocation, and alignment with your actual timeline. SmartAsset's free quiz matches nearly 50,000 people each month with vetted fiduciary advisors in their area. | | Take the free quiz to find a fiduciary advisor near you |
|
Consumer Staples | | If It’s A Rotation They Want, Here’s Where The Value Is
The new buzzword on Wall Street is rotation, rotation, rotation. The market (at least in the minds of the mainstream media) is rotating out of growth and big-tech into value. Oddly enough, this is something I’ve been saying f... Read the Full Story |
|
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 |
|
Markets | |
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 |
|
Auto/Tires/Trucks | | 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 |
|
Technology | |
The ride-hailing industry got some seriously needed good news on election night. 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 ... Read the Full Story |
|
The Early Bird Stock Of The Day Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories. It offers merchandise, such as sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. The company also operates gasoline, pharmacies, optical, food courts, hearing-aid centers, and tire installation centers; and offers business delivery, travel, grocery, and various other services online. It also operates e-commerce websites. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington. | | View Today's Stock Pick |
|
