Good MorningAlthough equity markets ended November with a whimper the month was one of the strongest on record. The S&P 500 alone is up more than 10% for the month and trading at new all-time highs. The Dow Jones Industrial and Transportation Averages both ended the month at new all-time highs pointing to further gains in the year ahead. Although there are still risks to earnings, the outlook for the 4th quarter of 2020 and all of 2021 is brightening by the day.
This week is going to be a big one for the market. There is a raft of economic data due out including the all-important NFP report on Friday. The market is looking for 446,000 net new jobs for the month which is down from the previous 638,000. A weak number could send the market lower but investors should take it with a grain of salt. The consensus 446,000 is weak on a month to month basis but still a very strong gain for the broad economy.
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Markets | | | Fuel cell power solutions provider FuelCell Energy, Inc. (NASDAQ: FCEL) stock has exploded to the upside recently on the electric vehicle (EV) momentum. Shares have spiked well over 300% from its February pre-COVID-19 highs handily outperforming the benchmark S&P 500 index (NYSEARCA: SPY). Money... Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Stocks | | |
There are different approaches to growing a portfolio. Some investors like to focus on high-flying technology stocks to generate capital appreciation. Others prefer to get their growth in a steadier fashion by investing in companies that have a history of increasing their dividend payments.
Here ... Read the Full Story |
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Markets | | | Global shares slipped Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the global economy.
France's CAC 40 fell 0.6% to 5,563.63 in early trading, while Germany's DAX shed 0.2% to 13,308.11. Britain's... Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Markets | | | Asian shares slipped Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the global economy.
Japan's benchmark Nikkei 225 dipped 0.8% to 26,433.62 as markets throughout the region quickly lost early gain... Read the Full Story |
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Markets | | | Asian shares were mixed on Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the global economy.
Japan's benchmark Nikkei 225 was up less than 0.1% at 26,657.18. Other markets quickly lost early gains,... Read the Full Story |
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Markets | | | Asian shares were mixed on Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the global economy.
Japan's benchmark Nikkei 225 was up less than 0.1% at 26,657.18. Other markets quickly lost early gains,... Read the Full Story |
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Politics | | | LOS ANGELES -- More than 7,400 people are hospitalized for coronavirus in California, the state's highest number yet.
The state reported 7,415 coronavirus hospitalizations on Sunday, citing the most recently available data from the previous day. More than 1,700 of those patients were ... Read the Full Story |
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Markets | | | 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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Markets | | |
The Dow hit 30,000 for the first time yesterday and the S&P 500 surged more than 1.6%. But this wasn’t a day where there was green across the board.
Many of yesterday’s winners were companies that have struggled during the pandemic, but expect to turn it around once a vaccine beco... Read the Full Story |
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Markets | | |
For a while now Best Buy (NYSE: BBY), the $30 billion electronics retailer, has been pinned as one of the better-performing retailers in 2020, a year that has forced many to adapt or die. Coming into yesterday’s release, shares were not only up more than 150% since March, but trading at all-... Read the Full Story |
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The Early Bird Stock Of The Day CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. It also provides hardware products comprising notebooks/mobile devices, tablets, network communications, desktop computers, collaboration, data storage and servers, and others; and software products, such as cloud solutions, software assurance, application suites, security, virtualization, operating systems, and network management. In addition, the company offers advisory and design, software development, implementation, managed, professional, configuration, partner, and telecom services, as well as warranties; delivers and manages mission critical software, systems, and network solutions; and implementation and installation, and repair services to its customers through various third-party service providers. It serves government, education, and healthcare customers; and small, medium, and large business customers. CDW Corporation was founded in 1984 and is headquartered in Vernon Hills, Illinois. | | View Today's Stock Pick |
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