Good MorningThe week ended with a quiet day of trading on Friday. The major indices seesawed between gains and losses during the day but held within tight ranges. The rising number of COVID cases has the market on edge but a spark of hope remains in that the vaccine news is still good. There are two vaccines on track for emergency approval and could be available to front-line workers within the next two months.
Speaking from a trader’s perspective, the market is entering a lull between earnings reporting seasons. There won’t be much to move the market for the next 6 weeks other than economic data and political news and you can be sure it will spark some volatility. Next week is quiet except for Wednesday. There are nine major reports due out that day because of the Thanksgiving holiday. Investors and traders should expect light volume.
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Markets | | Banking as a service company Green Dot Corporation (NASDAQ: GDOT) has transformed itself from just a prepaid debit card maker to a fully integrated fintech bank holding company in a few years. Shares are still outperforming the benchmark S&P 500 index (NYSEARCA: SPY). The growth of mainstream di... Read the Full Story |
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From Our Partners | | Tech forecaster George Gilder - who identified Amazon when it was still just an online bookstore and predicted mobile computing years before the iPhone - has identified three companies he calls the 'Trillion Dollar Triangle.'
One of them went public just weeks ago. Demand for its technology is already outpacing supply, with major AI players among its biggest customers. Gilder says this kind of supply crunch is the tell that a new technology is transitioning from possibility to inevitability. | | Discover the three companies behind the Trillion Dollar Triangle today |
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Retail/Wholesale | | Williams-Sonoma Is A Proven Winner
Williams-Sonoma (NYSE:WSM) emerged as a pandemic-winner over the summer and what I can say now is that trends are accelerating. The combination of brand and eCommerce is a winning combination that is driving not only high-double-digit sales growth but accelerating... Read the Full Story |
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Retail/Wholesale | | Since the onset of the pandemic:
Fewer people are going out for breakfast.
The work-at-home shift has turned many offices into ghost towns.
Business travel is a fraction of what it once was.
All resulting in… Fewer cups of coffee being purchased.
That Starbucks (NASDAQ: SBUX) struggl... Read the Full Story |
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From Our Partners | | Roger Scott spent over three decades trading through the dot-com bust, the financial crisis, the COVID crash, and last year's tariff-driven selloff - managing two hedge funds along the way.
Now he's sharing the day-trading rules he rarely discusses publicly, including how to identify stocks already moving higher and the criteria behind a 94.5% win rate. | | Access Roger Scott's free day-trading report now |
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Consumer Staples | |
This year has dramatically changed the consumer shopping landscape. The pandemic has altered the way we buy both essential and non-essential goods and accelerated e-commerce growth globally.
So, it stands to reason that certain consumer-related stocks should continue to benefit from the unusual s... Read the Full Story |
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Consumer Discretionary | | Electric vehicle (EV) company Kandi Technologies Group, Inc. (NASDAQ: KNDI) stock has seen interest in recent months as the EV craze pivoted from Tesla (NASDAQ: TSLA) to Chinese EV makers. With the recent earnings blowout momentum from Chinese EV makers like Xpeng (NYSE: XPEV) and Li Auto (NYSE: LI)... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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Retail/Wholesale | | Target Is A Clear Winner
Target (NYSE:TGT) has long been a favorite of mine. The stock has gained more than 100% since I first called it a buy and there are more gains still to come. Strictly speaking from the perspective of value, the stock is trading about 22X this year’s earnings and in-li... Read the Full Story |
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Medical | |
The good news about this whole COVID-19 mess, if anything about it can be said to be good news, is that it has focused science to a degree probably not thought possible on several fronts. Vaccine development has taken off like a skyrocket, and now, we have several candidates well on their way thro... Read the Full Story |
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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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Business Services | |
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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Auto/Tires/Trucks | |
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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The Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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