Good MorningAnother day and another new all-time high were set by the broad market. The S&P 500 crept up throughout the day to close with a gain near 0.50% as traders and investors continue to bet on an economic stimulus bill. As yet, there has been no movement on the bill but reports from Washington continue to stimulate hope. With the holidays fast approaching and lawmakers headed home for the session break a deal may be elusive until early January.
In other news, the economic data continues to come in mixed. On the one hand, the number of jobless claims edged higher over the last week as the number of COVID cases continues to grow. Conversely, the number of housing starts and building permits accelerated from the previous month and beat their consensus estimates in a show of underlying economic strength.
Featured: Anthropic IPO & What it Means for AI Stocks (My #1 Play) (Ad) 
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Consider the impact that social media has had on the world over the last decade. What began as small networks that helped people communicate on the internet has transformed into some of the most widely used digital platforms in the world. According to Statista, roughly three-quarters of the U.S. p... Read the Full Story |
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Industrials | | The Toro Company Grows Along With Suburban America
One of the stickiest trends sparked by the pandemic the flight-to-the-suburbs. American’s are fleeing their tight, hard-to-distance in cities in favor of homeownership. Now, not only are American’s with homes spending more time at home,... Read the Full Story |
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Technology | | Mobile and wireless software developer Smith Micro Systems, Inc. (NASDAQ: SMSI) shares have been recovering. Shares are grinding back towards pre-pandemic levels towards a potential triple top which would blunt its performance against the benchmark S&P 500 index (NYSEARCA: SPY). The rollout of 5... Read the Full Story |
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Markets | | Home Sales Drive Results At Lennar Corporation
If anyone is surprised by the strength shown in Lennar Corporation’s (NYSE:LEN) FQ4/calendar Q3 report they are not paying attention to the housing market. Tight supply reigns supreme in a market that is experiencing rising, record-high demand. S... Read the Full Story |
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Markets | | A 4.4% jump in yesterday’s session was enough to make shares of social game developer Zynga (NASDAQ: ZNGA) among the best performing of US equities. Though still a 10% move away from their multi-year highs hit back in August, shares are looking good value to be above them soon enough.
Yesterd... Read the Full Story |
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From Our Partners | | Anthropic, the company behind Claude, had been expected to go public in October. Now reports say it’s targeting November, with marketing to investors as soon as the week of November 9th and trading before Thanksgiving.
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Communication Services | | Movie theatre technology systems developer IMAX Corporation (NYSE: IMAX) stock is still underperforming the benchmark S&P 500 index (NYSEARCA: SPY) but weathering the recent bombshell decision by Disney (NYSE: DIS) and AT&T Warnermedia (NYSE: T) to simultaneously release their slate of 2021 ... Read the Full Story |
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Markets | | Lithium-ion battery technology company Microvast is planning a reverse merger through a special purpose acquisition company (SPAC) called Tuscan Holdings Corporation (NASDAQ: THCB). Shares have seen a surge due to the momentum of the best performing EV battery SPAC to date QuantumScape Corporation ... Read the Full Story |
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Consumer Discretionary | | Growth Isn’t Off The Table
Hyper-growth, that ever-elusive massive ramp-up in revenue as businesses begin to scale. It is what VCs, CEOs, and startups all dream about because it means a rapid expansion of revenue, earnings, and profits. What it means for the market is a business that has pr... Read the Full Story |
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Healthcare | |
Hearing about stock downgrades generally gives investors at least a little pause. After all, if an analyst thinks less of a stock today than he or she did just days prior, it's clear that something must have happened to make that perception change. If a perception changes, what happens to the inve... Read the Full Story |
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Consumer Discretionary | | Outdoor Trends Support Long-Term Gains For Winnebago
The COVID-19 pandemic unleashed many trends in the business world, some will last and some will not. Among those that will last and last a long, long time is the shift to outdoor recreation. You can call it social distancing if you want but outdo... Read the Full Story |
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The Early Bird Stock Of The Day Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a total market capitalization of $33.1 billion and an asset base in North America of 73.5 million SF as of December 31, 2023, which includes 42.0 million RSF of operating properties, 5.5 million RSF of Class A/A+ properties undergoing construction and one near-term project expected to commence construction in the next two years, 2.1 million RSF of priority anticipated development and redevelopment projects, and 23.9 million SF of future development projects. Alexandria has a longstanding and proven track record of developing Class A/A+ properties clustered in life science, agtech, and advanced technology mega campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, agrifoodtech, climate innovation, and technology companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value. | | View Today's Stock Pick |
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