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.
Featured: Elon Musk's Next AI Partnership Could Shake Up This Stock (Ad) 
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Industrials | |
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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From Our Partners | | In 1974, a quiet deal between Henry Kissinger and the Saudis reshaped America's monetary order overnight, with no announcement and no vote in Congress.
Decades later, the dollar had lost more than 84% of its purchasing power even as millionaire ranks surged into the millions.
Financial reporter Kimi Weintraub sits down to explore a new, largely unnoticed shift in America's monetary system, one tied to executive orders and a reported 13-nation agreement. | | Watch the full interview before the December 14 Miami summit |
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Technology | |
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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Healthcare | | 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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Consumer Discretionary | | 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 the r... Read the Full Story |
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Communication Services | | 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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From Our Partners | | Every afternoon at 2:00 PM Eastern, roughly $3.5 billion in institutional money flows into the market as pension funds and 401(k) contributions get deployed before the close.
Researchers at Duke, Stanford, Notre Dame, and the Nasdaq Economic Advisory Board have studied this pattern. During one volatile week in June, a $1,000 trade set at 2:00 PM settled by 4:00 PM five days in a row, and the full month produced $2,016 in net income on a single contract. | | Watch the full 2 PM income breakdown before access closes |
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Technology | | Back at the start of 2020, few on Wall Street could have imagined that shares of Canadian e-commerce giant Shopify (NYSE: SHOP) would be trading above $1,000 by the time Q4 rolled around. To be sure, they were on an upward trajectory that made the eventuality almost a certainty but having only poppe... Read the Full Story |
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Consumer Staples | |
With Black Friday coming up next week, now might be the perfect time to do some shopping for your investment portfolio. It’s sure to be one of the busiest spending days of the year, as in 2019 online shopping sales hit an all-time high of $7.4 billion. Every year, more and more companies are... Read the Full Story |
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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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Consumer Discretionary | | 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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Consumer Discretionary | | 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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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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