Good MorningThe S&P 500 made another run at setting a new all-time high on Tuesday but failed to cross the crucial market. By the end of the day the index gave up its gains to form a small doji candle that signals uncertainty and lack of direction in the market. The NASDAQ Composite and Dow Jones Industrial Averages were no better, both trading in tight ranges and showing signs of indecision. If the indexes are unable to move up from here price-resistance could form and may weigh on stocks in the coming days.
With the end of the Q3 reporting cycle fast upon us, there isn’t much to drive the market other than news and data. The news remains mixed; an uncertain Presidential moves forward while stalemate rages in Washington and the number of COVID cases set new records. Regarding the data, the data is consistent with a strongly rebounding economy and points to strong earnings for the S&P in the 4th quarter.
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Markets | | | Asian shares were mixed Tuesday, after the Dow Jones Industrial Average hit a record high on optimism that a vaccine may soon control the coronavirus and the economic destruction it’s caused.
Moderna said its COVID-19 vaccine appears to be 94.5% effective, according to preliminary da... Read the Full Story |
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Markets | | |
Investing in the renewable energy sector makes a lot of sense at this time. The global renewable energy market is expected to reach a valuation of $2.15 billion in 2025 and there will certainly be companies that benefit from this growth. With the prospects of a Joe Biden presidency and improving t... Read the Full Story |
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Markets | | | Ecommerce facilitator BigCommerce Holdings (NASDAQ: BIGC) stock has been frustrating investors since peaking at $162.50 on Aug. 26, 2020. Shares have sold off on every breakout attempt as it trades back towards post-IPO lows and outperforming the benchmark S&P 500 index (NYSEARCA: SPY). As we ge... Read the Full Story |
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Politics | | | IOWA CITY, Iowa — With Iowa hospitals filling up, Gov. Kim Reynolds has dropped her opposition to a statewide mandate for mask use to combat the spread of the coronavirus.
Reynolds signed a proclamation Monday requiring that everyone over 2 years old wear masks when in indoor public s... Read the Full Story |
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Politics | | | MONROE, La. — Louisiana landlords have filed a federal lawsuit seeking to overturn a moratorium on evictions ordered by the CDC to avoid spreading the novel coronavirus.
The suit says that “the CDC’s eviction moratorium represents a sweeping assumption of power by an administrative a... Read the Full Story |
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Politics | | | NEW BRUNSWICK, N.J. — Johnson & Johnson has begun a new late-stage trial of its experimental COVID-19 vaccine, this time on a two-dose regimen.
J&J plans to give up to 30,000 people two doses of the vaccine. It’s been testing a one-dose regimen in a 60,000-person trial that be... Read the Full Story |
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Markets | | | If you are looking for a value stock Walmart (NYSE:WMT) may not be it but that doesn’t mean it isn’t a buy. Trading at 28X this year’s earnings and 27X the next the stock is more costly than Target (NYSE:TGT) Read the Full Story |
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Tech | | | Tesla will be added to the S&P 500 index on Dec. 21. Based on its market value Monday, the electric car maker would be one of the top 10 companies in the benchmark index upon entry.
S&P Dow Jones Indices made the announcement after the closing bell. Tesla shares jumped nearly ... Read the Full Story |
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Markets | | | I last reported on American’s Car-Mart (NASDAQ:CRMT) the company had just released its FQ1/Calendar Q2 earnings report. In it, the company demonstrated not only its position within the booming used-car market Read the Full Story |
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Markets | | | BJs (NYSE: BJ) shares took a shellacking on November 9th, dipping nearly 13% on huge volume. The reason was obvious: Investors feared that BJs will not fare as well if the “new-normal” becomes the “old-normal.”
The move was surprising, however, because BJs isn’t some h... Read the Full Story |
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The Early Bird Stock Of The Day Yelp Inc. operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services. It provides free and paid advertising products to businesses, which include cost-per-click advertising and multi-location Ad products, as well as enables businesses to deliver targeted advertising to large and high-intent audience; and business listing page products. The company also offers other services comprising Yelp Guest Manager, a subscription-based suite of front-of-house management tools for restaurants, nightlife and certain other venues, which include online reservations, a waitlist management solution that allows consumers to check wait times and join waitlists remotely, as well as through hostless kiosks, and seating and server rotation management tools; Yelp Knowledge program that offers business owners local analytics and insights through access to its historical data and other proprietary content; and Yelp Fusion, which offers free access to various basic information through publicly available APIs, and paid access to content and data for consumer-facing enterprise use. In addition, it provides content licensing, as well as allows third-party data providers to update and manage business listing information on behalf of businesses. Further, the company offers its products directly through its sales force; indirectly through partners; and online through its website and business app, as well as non-advertising partner arrangements. It has partnership with Grubhub for providing consumers with a service to place food orders for pickup and delivery. The company was incorporated in 2004 and is based in San Francisco, California. | | View Today's Stock Pick |
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