Good MorningThe market proved its resilience on Tuesday with most major indices gaining at least 2.25% by the end of the day. The advance was led by the blue-chip Dow Jones Industrial average but all major indices were within a close range. The bad news is that the indices did not regain the upper side of their short-term moving averages which means bears are still in control of the market. Things may look a lot different on Wednesday with the results (or lack of results) from the 2020 presidential election.
Election results aside, the two most important events of the week are still to come. The FOMC meets on Wednesday and could change the tone of the recovery. If the committee is too cautious or sees risks mounting the market could react negatively. Likewise, the non-farm payrolls report is due Friday and may also disappoint the market.
Featured: Can A.I. Beat the Stock Market? (Vantage Point) 
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Politics | | | Global stock markets and U.S. futures rose Tuesday on investor hopes a possible victory by challenger Joe Biden in the American presidential election might lead to more economic stimulus.
London and Frankfurt opened higher, while Shanghai, Hong Kong, Seoul and Sydney also advanced. Ja... Read the Full Story |
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Markets | | | The coronavirus pandemic was the final blow for many restaurant chains, which were already struggling with growth in third-party delivery and consumers’ migration away from shopping malls. On Sunday, Friendly’s — an 85-year-old East Coast chain known for its ice cream — was the latest to file for Ch... Read the Full Story |
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Markets | | | Friendly's Restaurants, the 85-year-old East Coast dining chain known for its Fribble milkshakes and ice cream sundaes, is filing for bankruptcy protection.
It joins a growing list of well-established restaurant chains that are failing due to an unchecked pandemic in the United States... Read the Full Story |
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Markets | | | McDonald’s is hiring a new chief diversity officer as it struggles with charges of harassment and racism at all levels of the company.
Reginald Miller will become the company’s global chief diversity equity and inclusion officer on Nov. 9. Miller was previously the chief diversity off... Read the Full Story |
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Markets | | | Two mall operators filed for bankruptcy protection Monday, hurt by the coronavirus pandemic that has forced their tenants to permanently close stores or not pay rent.
Both companies, CBL and Pennsylvania Real Estate Investment Trust, said their malls will remain open as they go throug... Read the Full Story |
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Markets | | |
You have to give Skyworks Solutions (NASDAQ:SWKS) credit; it demonstrates that you really can't keep a good stock down. Even when the company manages to beat expectations for earnings and revenue, sometimes, the share price still goes downward due to other factors or just rampant profit-taking. Re... Read the Full Story |
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Markets | | | Shares of the largest U.S. used car retailer CarMax, Inc. (NYSE: KMX) have been melting down since late July 2020 falling back under its February pre-COVID highs. The stock is underperforming the benchmark S&P 500 index (NYSEARCA: SPY) but may be bottoming out as the weekly stochastic nears a fu... Read the Full Story |
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Markets | | | One thing to know about sports fans is that they are loyal and will go to great lengths to watch their favorite games live. That’s what makes fuboTV (NYSE:FUBO) such an interesting company for investors Read the Full Story |
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Markets | | | Waste Management Is A Cash-Flow Behemoth
Waste Management (NYSE:WM) is, if nothing else, a free-cash-flow behemoth. The company churns out billions in free-cash-flow every year and does a fairly good job of managing it, too. The company is known for growth and returning cash to cash to shareholders... Read the Full Story |
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Markets | | | This Is A Turning Point For Camping World
Camping World (NYSE:CWH) has been one of the pandemic-winners this year to be sure. The company has seen no small amount of demand for its products, a double-digit surge in revenue, and the outlook keeps getting better. Oddly enough there are many investors... Read the Full Story |
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The Early Bird Stock Of The Day Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. It also engages in owning and operating a travel agency. Boyd Gaming Corporation was founded in 1975 and is headquartered in Las Vegas, Nevada. | | View Today's Stock Pick |
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