Good MorningThe market got a healthy dose of good news on Monday when Pfizer released news about its COVID-19 vaccine. According to Pfizer, the vaccine candidate had a greater than 90% efficacy rate in an early trial. The news is exactly what the market has been waiting for and drove the broad market S&P 500 up more than 5.0%.
The S&P 500 and NASDAQ Composite moved up to set new all-time highs on the news while the Dow Jones lagged the overall move and that’s where the good news ends. On a technical basis, Monday’s action lacked strength. The market opened at a new high and then spent the rest of the day moving lower. The candlesticks formed vary from index to index but all can be described as indicative or confirming resistance to higher prices and the end of the post-election rally.
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Industrials | |
The ride-hailing industry got some seriously needed good news on election night. In a surprise vote, California’s Proposition 22 which allows ride-hailing services such as Lyft (NASDAQ:LYFT) to qualify its drivers as independent contractors was passed. Not surprisingly, Lyft stock gapped up ... Read the Full Story |
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From Our Partners | | Porter Stansberry believes President Trump will use the December G20 Summit in Miami to unveil a radical monetary reset tied to executive order 14241 - one he says could draw a sharp dividing line between prepared investors and those left behind.
The last time America reset its money - under Nixon in the 1970s - it produced an average of 1,300 new millionaires per day for over 50 years. Stansberry's new documentary names a core group of assets he believes are positioned to surge as Trump's new dollar rolls out.
Watch Porter Stansberry's full briefing and get his three steps to prepare before December. | | Watch Porter Stansberry's full briefing and get his three steps to prepare before December. |
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Healthcare | | There’s Little Not To Like About CVS Health Corporation
Shares of CVS Health Corporation (NYSE:CVS) have been struggling to maintain their value over the past few years but that is about to change. The merger with Aetna is well-completed at this point in the game and the outlook for earnings ... Read the Full Story |
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Consumer Discretionary | |
Over the last week, we have seen some truly remarkable moves in China-based companies that produce and manufacture electric vehicles. With flurries of analyst upgrades, solid delivery numbers, and lots of bullish sentiment about the potential of the Chinese EV industry, these supercharged stocks a... Read the Full Story |
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From Our Partners | | The Trump memecoin is running another contest. Hold enough of it by November 12th and you could land a seat at a dinner with the President on November 22nd. Here's the catch…
Just to be near the cutoff, holders were sitting on roughly $119,000 worth of the coin. And that's for a dinner where, by the contest's own rules, there's no private meet-and-greet. Meanwhile, the token itself trades about 97% below its peak.
I'm a big believer in what this administration has done for crypto. But a dinner invitation isn't an investment thesis. If I had six figures to put into crypto this fall, I wouldn't be chasing a leaderboard. I'd want a coin with real users, real activity, and a real reason to grow that doesn't depend on a contest. That's exactly what my #1 pick has. | | Click here for more. |
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Consumer Staples | | The Hershey Company Is Focused On Growth
The Hershey Company (NYSE:HSY) has been a lagging stock during the rebound and that is a surprise. The company is focused soundly on treats and sweets but it is also a diversified play on snacking with growth in its sights. The company has been working to re... Read the Full Story |
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Consumer Discretionary | |
When you think of Chinese e-commerce companies, it’s quite likely that the first one that comes to mind is Alibaba (NYSE:BABA). However, investors need to understand that there’s room for more than one successful e-commerce business in one of the world’s largest economies. The ma... Read the Full Story |
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From Our Partners | | Forbes recently called a new category of exchange-traded income funds a 'golden era,' and Bloomberg noted the eye-popping yields are fueling a boom among everyday investors. Three years ago, barely a dozen of these funds existed - today there are more than 100, holding over $140 billion.
These funds trade on the NYSE and NASDAQ and are built to generate monthly income. Some investors are targeting $5,000 a month with roughly one-tenth of the nest egg Wall Street says you need. | | Watch the short briefing to see how this income approach works |
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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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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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Healthcare | | 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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Industrials | |
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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Materials | | 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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The Early Bird Stock Of The Day Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids, and hydrocarbons through natural gas pipelines covering approximately 13,455 miles of interconnected pipelines; 855 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 199.5 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 25 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice industries, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York. | | View Today's Stock Pick |
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