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: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Communication Services | |
The ability to enjoy digital media on streaming platforms has completely changed the way that the world consumes entertainment. More and more people are cutting their cable cords and electing to pay for only the content that interests them. With companies like Netflix, Disney, and Amazon all offer... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Consumer Discretionary | | 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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Technology | |
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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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Discretionary | | 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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Consumer Staples | | 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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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Consumer Discretionary | | Consumer products maker Newell Brands Inc. (NYSE: NWL) stock is still trading under its February pre-COVID highs underperforming the benchmark S&P 500 index (NYSEARCA: SPY) recovery. The Company is a likely pandemic benefactor from the stay-at-home restrictions but has been able to accelerate it... Read the Full Story |
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Markets | | Overstock.com (NASDAQ: OSTK) blew away expectations when it released its Q3 earnings last week; revenue was $731.7 million vs. estimates of $585.6 million, while earnings of 50 cents per share beat estimates of a 2 cents per share loss.
Unsurprisingly, Overstock opened nearly 14% higher on Thursday... Read the Full Story |
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Consumer Discretionary | | A 3% jump on Friday was enough to put Garmin (NASDAQ: GRMN) shares within a couple of cents of their 52 week high as well as their highest level since 2007’s all-time highs. After watching their shares collapse 90% from that peak into 2009, the company has had to reinvent itself in a lot of wa... Read the Full Story |
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Technology | |
During the first half of the year, essentially every company that offers cloud-based software was rallying as the pandemic quickly transformed the way that most of the world handles business. While the trend of businesses moving to the cloud is here to stay, some of these hot software names receiv... Read the Full Story |
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Industrials | | ADP Rises On Labor Market Strength
I have long been a fan of labor market stocks and the pandemic has done nothing to change that,. While employment down is from its peak the market is still quite strong relatively speaking. Not only has the post-shut-down rebound in hiring been strong, but intenti... 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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