Good MorningThe equities market continued its historic rally on Tuesday adding another 1.5% for most indices. The S&P 500 and Dow Jones Industrial Average are both trading firmly in new all-time high territory with the tech-heavy NASDAQ close behind. In broad terms, the market is still in a rotation from highly-valued tech names for more reasonably priced alternatives.
As bullish as the outlook is, traders should be wary of these new highs right before the holiday. Holiday-week trading volume is always light making any market move suspicious. Longer-term, however, there is a growing case for rising market value in 2021. Topping the list is economic rebound and earnings. The economic rebound is still going strong and the outlook for earnings gets brighter every day. Looking to the 4th quarter, there is a high probability S&P earnings will exit the pandemic recession and return to YOY growth.
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Politics | | | Yemen's Houthi rebels said they struck a Saudi oil facility in the port city of Jiddah early Monday with a new cruise missile, just hours after the kingdom finished hosting its virtual Group of 20 leaders summit.
The kingdom acknowledged the attack hours later. Videos of a small expl... Read the Full Story |
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Markets | | |
These days, we are seeing more focus than ever before on renewable energy sources that can help to power our daily lives. While most of the headlines have been about electric vehicles and solar power, hydrogen energy is an intriguing alternative power source that has been available for years. The ... Read the Full Story |
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Stocks | | |
Sometimes bad things happen to good companies. Whether due to market forces or company-specific issues this can mean high-quality companies go into a funk.
And when they do it can present opportunities to buy their stock when they are down but not out. Eventually, their financial strength enables... Read the Full Story |
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Politics | | | Asian shares were mostly higher Tuesday, encouraged by news on the development of coronavirus vaccines and more assurance for a transition of power in the U.S. to President-elect Joe Biden.
The U.S. federal government recognized Biden as the “apparent winner” of the Nov. 3 election, ... Read the Full Story |
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Politics | | | Global shares were mostly higher Tuesday, encouraged by news on the development of coronavirus vaccines and more assurance of a transition of power in the U.S. to President-elect Joe Biden.
The U.S. federal government recognized Biden as the “apparent winner” of the Nov. 3 election, ... Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
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Politics | | | General Motors will recall about 7 million big pickup trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators.
The announcement came Monday after the U.S. government told the automaker it had to recall 6 million of the vehicles domestically.
... Read the Full Story |
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Tech | | | HELENA, Mont. — The Montana governor’s office says more than 100 contracted medical staff have arrived in the state to assist hospitals in responding to the spike in COVID-19 cases.
The 110 health care workers are part of an anticipated total of 200 to be deployed in the state before... Read the Full Story |
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Markets | | | Casual dining restaurant operator Red Robin Gourmet Burgers (NASDAQ: RRGB) stock has surged over 80% hitting all target trajectories since our August 2, 2020, MarketBeat Original article “Here’s Where Red Robin (NASDAQ: RRGB) Stock Becomes a Bargain Entry". It’s time to ring ... Read the Full Story |
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Markets | | | It’s been an eventful November for Roku (NASDAQ: ROKU). On November 6, shares climbed 12.6% to all-time highs after the streaming company reported Q3 earnings.
The very next trading session was November 9 – the day the Pfizer (NYSE: PFE) vaccine news came out. Investors feared that Roku... Read the Full Story |
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Markets | | | The nation’s second-largest drugstore operator CVS Health (NYSE: CVS) stock got rug pulled on the rollout of Amazon Pharmacy (NASDAQ: AMZN). Shares of the pandemic benefactor had incredible momentum in the days leading up the announcement but are now underperforming the benchmark S&P 500 i... Read the Full Story |
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The Early Bird Stock Of The Day Abiomed, Inc. engages in the research, development, and sale of medical devices to assist or replace the pumping function of the failing heart. It also provides a continuum of care to heart failure patients. The company offers Impella 2.5, a percutaneous micro heart pump with integrated motor and sensors; and Impella CP, a device for use by interventional cardiologists to support patients in the cath lab, as well as by cardiac surgeons in the heart surgery suite. It also provides Impella 5.0, Impella LD, and Impella 5.5, which are percutaneous micro heart pumps with integrated motors and sensors for use primarily in the heart surgery suite; Impella RP, a percutaneous catheter-based axial flow pump; Impella SmartAssist platform that includes optical sensor technology for improved pump positioning and the use of algorithms that enable improved native heart assessment during the weaning process; Impella Connect, a cloud-based technology that enables secure and remote viewing of the automated impella controller for physicians and hospital staffs; and OXY-1 System, a portable external respiratory assistance device. In addition, the company is developing Impella ECP, a pump for blood flow of greater than three liters per minute; Impella XR Sheath, a sheath that expands and recoils allowing small bore access and closure with Impella heart pumps; Impella BTR, a percutaneous micro heart pump with integrated motors and sensors; and preCARDIA, a catheter-mounted superior vena cava therapy system designed to rapidly treat acutely decompensated heart failure. Abiomed, Inc. sells its products through direct sales and clinical support personnel in the Germany, France, United States, Japan, Europe, Canada, Latin America, the Asia-Pacific, and the Middle East. The company was founded in 1981 and is headquartered in Danvers, Massachusetts. As of December 22, 2022, Abiomed, Inc. operates as a subsidiary of Johnson & Johnson. | | View Today's Stock Pick |
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