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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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 | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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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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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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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 | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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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 Eli Lilly and Company discovers, develops, and markets human pharmaceuticals worldwide. The company offers Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R, and Humulin U-500 for diabetes; Jardiance, Mounjaro, and Trulicity for type 2 diabetes; and Zepbound for obesity. It also provides oncology products, including Alimta, Cyramza, Erbitux, Jaypirca, Retevmo, Tyvyt, and Verzenio. In addition, the company offers Olumiant for rheumatoid arthritis, atopic dermatitis, severe alopecia areata, and COVID-19; Taltz for plaque psoriasis, psoriatic arthritis, ankylosing spondylitis, and non-radiographic axial spondylarthritis; Omvoh for ulcerative colitis; Cymbalta for depressive disorder, diabetic peripheral neuropathic pain, generalized anxiety disorder, fibromyalgia, and chronic musculoskeletal pain; Ebglyss for severe atopic dermatitis; and Emgality for migraine prevention and episodic cluster headache. Further, it provides Cialis for erectile dysfunction and benign prostatic hyperplasia; and Forteo for osteoporosis. It has collaborations with Incyte Corporation; Boehringer Ingelheim Pharmaceuticals, Inc.; F. Hoffmann-La Roche Ltd and Genentech, Inc.; Biologics, Inc., AbCellera Biologics Inc.; and Chugai Pharmaceutical Co., Ltd. The company was founded in 1876 and is headquartered in Indianapolis, Indiana. | | View Today's Stock Pick |
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