Good MorningThe S&P 500 made another try for a new all-time high but the effort was weak and went nowhere. By the end of the day, the broad-market index shed close to 1% and may continue lower in the coming sessions. Although the COVID-Vaccine news has been good, the good-feelings have been tempered by record-setting infection rates and the fear of a global economic shut-down. The last time the U.S. shut down it cost more than 20 million people their jobs and 32% of GDP.
In brighter news, Wednesday’s economic data was good and points to acceleration within the economic rebound. On the retail front, retail sales slowed from the prior months’ 1.6% increase to 0.3%. The 0.3% is a more sustainable figure and in-line with consensus. On the industrial front, industrial production and capacity utilization were both better than expected. In housing news, the Home Builders Index accelerated 2 points to set another new high on strong demand.
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Markets | |
The election season and recent vaccine developments have spurred some remarkable shifts in market sentiment. For some sectors it has been out with old and in with the new.
Whether due to expectations of a supportive Biden administration or normalized economic conditions, financial, industrial, an... Read the Full Story |
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From Our Partners | | A portable energy unit - already used by the U.S. Navy for decades - is now drawing serious attention from Big Tech and Washington policymakers. It can be trucked to a data center, military base, or industrial site and deliver reliable power for years without grid access.
A key government milestone expected this August could bring significant visibility to this space. One small stock sits at the center of it. | | Read the full breakdown and see which stock to watch now |
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Finance | |
While there have been several negative headlines impacting Chinese equities this year including things like delisting threats and antitrust concerns, it seems that investors are still very interested in adding shares of companies that are located in the fastest-growing economy in the world. It is ... Read the Full Story |
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Consumer Discretionary | |
Undoubtedly, one of the biggest Cinderella stories of the last couple years in the stock market has been Tesla (NASDAQ:TLSA). With huge gains, new products, and a whole new mystique, the company that started the year in the sub-$100 doldrums rocketed to success, gaining at one point better than si... Read the Full Story |
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From Our Partners | | Years before it became a household name, Shopify showed an early momentum pattern that experienced traders used to catch a 120% move — and that same repeatable signal has just appeared on a new small-cap ticker that hasn’t hit the mainstream yet. Our free Momentum Trading Report breaks down how to spot these stealth setups and reveals which names are flashing right now. | | Get early access to the free Get Daily Edge Report today |
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Consumer Discretionary | | There’s A Dividend Increase Brewing At La-Z-Boy
La-Z-Boy (NYSE:LZB) is an under-reported pandemic-winners that still has room to run, it’s that simple. The company is experiencing a robust rebound that has only accelerated since the calendar 2nd quarter. And it’s still a bargain t... Read the Full Story |
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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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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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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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The Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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