Good MorningStocks tried to rally right out of the gate on Monday but the move was short-lived. The S&P 500 topped out near 0.5% higher on the day then gave up all of the gains and more. While vaccine news continues to stoke hope, the rising number of COVID cases and widening lockdowns have the market on edge. What investors need to remember is that it will take months if not several quarters for enough doses of the vaccine to make full economic reopening a viable proposition.
The action on Monday was light but might be foreshadowing a deeper move to come. The high of the day was a hair short of the all-time high and a confirmation of resistance at the level. The question that needs to be answered now is if the market will pull back a little or a lot. With most major momentum indices pointing lower the odds of at least a little pullback are very high.
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Consumer Discretionary | | The Worst Is Behind The Furniture Industry
The furniture industry has its shares of trouble over the past few years. First, the trade war put a squeeze on profits, and then the pandemic came along to cut into business even more. While there is plenty of woe in the story I have to say we’re ta... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Markets | |
What we are currently witnessing in the IPO market is truly fascinating. Some would even call it a buying frenzy. There’s no shortage of new companies for investors to choose from, thanks to over 447 IPOs on the U.S. stock market this year. That’s an increase of over 96.9% from 2019 an... Read the Full Story |
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Consumer Discretionary | | Hooker Furniture; The Rebound Accelerates
It has been a bit of a hit-or-miss year for the furniture makers. While demand is high, operating results are heavily dependent on the ability to meet demand. For many, supply chain disruptions that began well before the pandemic persisted into the 2nd half... Read the Full Story |
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Technology | |
With corporate borrowing rates at historic lows, most companies have opted to tap into the debt market to bolster liquidity and fund growth initiatives. But others have stayed clear of debt instead preferring to rely solely on the equity markets.
There are merits to both capital raising approache... Read the Full Story |
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Communication Services | |
Although telecom stocks don’t always make the headlines in today’s market, it’s important to recognize the value in buying companies that offer decent growth potential combined with relatively stable and consistent earnings. Telecom companies help to keep the world connected by a... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Consumer Discretionary | |
One of the greatest economic principles around is the notion of scarcity. When something is scarce—or hard to find, if you prefer—it's inherently worth more because it's that much harder to meet demand. Of course, it also depends on there being some demand for the item in question, but... Read the Full Story |
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Consumer Discretionary | | Johnson Outdoors Isn’t Just Trolling Motors
Johnson Outdoors (NASDAQ:JOUT) is one of those hum-drum investments that tends to not get much spotlight. The company makes outdoor electronics including trolling motors, depth finders, and other high-tech gear for fishermen, camping, and campers (r... Read the Full Story |
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Consumer Discretionary | |
RH; Shifting Trends Are Driving Profits
There have been some big changes in the furniture industry over the past few years. The trade war accelerated the flight out of China, operational efficiency became a priority, and now the stage is set for big gains. Companies like RH (NYSE: RH) (formerly k... Read the Full Story |
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Finance | | It might have taken them a bit longer than expected to undo the damage done back in March but shares of fintech Fiserv (NASDAQ: FISV) are closing the gap fast. With only a few trading days left in 2020 they look good value to close out the year higher than where they started and at all time highs.
... Read the Full Story |
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Communication Services | |
With so many large-cap companies in focus these days, now might be a good time for investors to recall that there are plenty of advantages associated with investing in small-cap stocks. These are companies that have a market capitalization between $300 million to $2 billion and offer tons of growt... Read the Full Story |
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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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