Good MorningEquities traded mostly flat on Wednesday ahead of the Thanksgiving Holiday leaving the S&P 500 on track for its best month since early spring. The move was led by tech but gains in one sector were offset by losses in another as mixed data and an uncertain future weigh on prices. On the economic front, the data is positive but there are signs the recovery is weakening.
The most telling is a rise in first-time jobless claims. The rise in short-term unemployment is due to rising numbers of COVID-19 cases and could be the precursor to another shutdown. The last economic shutdown cost the U.S. economy 32% in GDP and put more than 20 million people out of work. Another shutdown could be just as bad if not worse. Until then, the outlook for earnings continues to brighten and should keep the indices trading at near all-time highs if not setting new ones.
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Communication Services | | Social media platform Pinterest, Inc. (NYSE: PINS) stock has surprised the markets blowing away analyst expectations even after the heads up from Snapchat (NASDAQ: SNAP) earnings. The platform grew its global users to over 442 million. The visual discovery platform where people post up inspirational... 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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Markets | | Anaplan, Inc; A Small-Cap Tech Growth Story
Anaplan, Inc (NYSE:PLAN) is emerging as a small-cap growth story for 2021 and beyond. The company operates a cloud-based SaaS platform that connects disparate segments of business for planning purposes. This may not sound like much but when it comes to co... Read the Full Story |
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Industrials | | Diversified energy materials development company Westwater Resources, Inc. (NASDAQ: WWR) stock has recently surged on the electric vehicle (EV) stock mania. Shares are looking to wildly outperform the benchmark S&P 500 index (NYSEARCA: SPY). As money flows into EV related companies ranging from ... 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 Staples | | Dividend King Hormel Raises The Dividend Less Than Expected
Hormel Foods (NYSE:HRL) reported a decent 3rd quarter and yet shares are down more than 5.0% on the news. For those wondering why there are three primary factors in play that will eventually lead to another buying opportunity. The first is... Read the Full Story |
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Industrials | |
For decades, General Electric (NYSE:GE) was one of the most respected and renowned industrial companies in the United States. The stock was one of the most reliable performers in the market and consistently rewarded investors with dividend increases over the years. However, the company experienced... 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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Consumer Discretionary | | It’s about that time of year when investors start trying to determine which companies will outperform expectations in the year ahead. Get ready to hear the term “pent up demand” in 2021 as much as you’ve heard “new-normal” in 2020.
There are a lot of excellent co... Read the Full Story |
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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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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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The Early Bird Stock Of The Day Power Integrations, Inc. designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems. It also offers high-voltage diodes; InnoSwitch IC for electric vehicles; high-voltage gate-driver products used to operate high-voltage switches, such as insulated-gate bipolar transistors and silicon-carbide MOSFETs under the SCALE and SCALE-2 product-family names; and SCALE-iDriver for use in powertrain and charging applications for electric vehicles. In addition, the company provides motor-driver ICs for use in refrigerator compressors, ceiling fans, and air purifiers, as well as pumps, fans, and blowers used in consumer appliances, such as dishwashers and laundry machines. It serves communications, computer, consumer, and industrial markets. The company sells its products to original equipment manufacturers and merchant power supply manufacturers through direct sales staff, as well as a network of independent sales representatives and distributors. Power Integrations, Inc. was incorporated in 1988 and is headquartered in San Jose, California. | | View Today's Stock Pick |
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