Good MorningThe broad S&P 500 index advanced another 2.0% on Thursday bringing the rally to four days. The move is seemingly inexplicable with so much uncertainty in the air but may come down to one thing. Where the market is concerned, a Biden victory and Republican senate is the best-case scenario for the economy. With this outcome, it is all but assured there will be no major changes at the Federal level until after the mid-term election cycle at least.
In other news, the FOMC decided to hold interest unchanged and made no move to alter existing stimulus efforts. Fed Cheif Jerome Powell says the economy is rebounding but still well below the pre-COVID levels. He says the committee is closely watching the data and is prepared to act if needed. In his word, the Fed is not out of ammunition yet.
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Consumer Discretionary | |
Anytime a big voting event comes around, certain stocks are deemed winners and losers as the results roll in. Investors should pay attention to the ballot measures that are passed, as they can offer insight into which industries are likely to rally. Yesterday, three particular industries received ... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Consumer Staples | | A Specialty Dividend For Dividend Growth Investors
I am well aware of the trends within the consumer food group so I am not surprised by what I see in Lancaster Colony Corporation’s (NASDAQ:LANC) fiscal Q1 report. What I am surprised about is that I have never heard of this company and I wish... Read the Full Story |
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Medical | | Cardinal Health Pops After Q3 Earnings
I like Cardinal Health (NYSE:CAH) for many reasons but there are a few that stand out. The first is that Cardinal Health is a great dividend-payer in the health care field. The second is that Cardinal Health is part of what I like to call the infrastructure of... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Multi-Sector Conglomerates | |
There’s been a change in character in the market lately, with many of the high-flying technology stocks that have rallied for the majority of the year experiencing heavy selling. Investors are likely profit-taking after a massive run in some of the hottest sectors, and it’s interesting... Read the Full Story |
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Consumer Staples | | Another Blow-Out Quarter For Scotts-Miracle Grow
Scotts-Miracle Grow (NYSE:SMG) emerged as a winner early in the pandemic and is one rebound story that has legs. This company is not only producing strong double-digit growth that growth accelerated in the 4th quarter and more is expected for next ye... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Consumer Discretionary | |
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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Auto/Tires/Trucks | | 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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Retail/Wholesale | | 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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Retail/Wholesale | | 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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The Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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