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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Utilities | |
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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From Our Partners | | BioStem Technologies (NASDAQ: BSEM) just completed its Nasdaq debut, and hospital revenue already makes up about 87% of first-quarter sales.
The BioTissue acquisition added the Neox and Clarix portfolios and GPO relationships, while the direct sales team grew from 18 to 35 reps in a single quarter.
A peer-reviewed trial found a 53% complete wound closure rate with BioREtain allografts versus 31% for standard care, backing coverage from Zacks Small-Cap Research and H.C. Wainwright. | | Discover how BSEM is building out its regenerative medicine platform |
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Technology | | 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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Consumer Staples | | Walmart Is A Quality Stock At Any Price
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) by several handles and nearly do... Read the Full Story |
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Consumer Discretionary | | American’s Car-Mart Accelerates Growth In Tight Market
When 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 but a healthy bala... Read the Full Story |
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Consumer Staples | | 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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From Our Partners | | What If Washington Declared That:
YOUR Money ISN'T Actually Yours?
Sounds insane, but that's exactly what the Department of Justice just admitted in court—claiming cash isn't legally your property.
What does that mean? It means Washington thinks they can seize, freeze, or drain your accounts—whenever they want. | | Get your free guide now by clicking here >> |
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Consumer Discretionary | | The recent update from Moderna (NASDAQ: MRNA) on their COVID vaccine has added fuel to the recovery rally and in particular, non-tech names that didn’t sparkle too bright this summer stand to do well. That means the likes of cruise ships, airlines, and hotels all stand poised to have a solid e... Read the Full Story |
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Consumer Staples | | Tyson Lags The Market
The consumer staples industry (NYSE:XLY) has been one of the best-performing groups in the pandemic. Within the group, there are some deep-values and Tyson Foods (NYSE:TSN) is one of them. Not only is Tyson Foods a growth stock but it is a steady, blue-chip consumer food comp... Read the Full Story |
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Consumer Discretionary | | Home Depot (NYSE: HD) has undoubtedly been a pandemic winner, with shares trading well above pre-pandemic levels. Four tailwinds responsible for the home improvement retailer’s success in 2020 are:
Bored homeowners turning into enthusiastic DIYers.
Home equity loans becoming available at h... Read the Full Story |
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Markets | |
With so much uncertainty in the world right now, companies that offer steady returns and reliable cash flows are looking more and more attractive to investors with each passing day. It can really pay off to add a few blue-chip stocks to your portfolio that you know you can count on. These are stoc... Read the Full Story |
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Consumer Discretionary | |
When we consider which stocks have benefitted from market trends caused by the pandemic, usually the first ones that come to mind are cloud-based software companies, e-commerce companies, and any of the “stay-at-home” stocks. On the other hand, the brick-and-mortar retail industry has ... 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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