Good MorningThe market went on a wild ride on Monday bringing hopes for a Santa Claus rally into question. The S&P 500 fell nearly 2.0% after the open but bounced back before the close. The new wave of fear was sparked after UK officials announce the spread of a new strain of COVID. The new strain can spread much faster than the original version and is causing travel restrictions across the UK and Europe.
In other news, Congress is expected to pass a new round of stimulus before the Christmas Holiday. The new stimulus will include $600 checks for individuals but for the market, it may be too little too late. With the indices already slipping from their highs and COVID fears rising a pullback in stock prices may be inevitable. The caution for investors is this; holiday-week trading is often fickle. It’s best not to read too much into any moves the market makes until after the New Year.
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Transportation | |
Last week FedEx (NYSE:FDX) reported an outstanding quarter. Record revenue and earnings beat expectations and management had bullish commentary around the current quarter. The result? FedEx stock sold off more than 5%.
The main culprit was that the company refrained from providing guidance. But g... 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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Construction | | A 4% jump in Friday’s session was enough to make shares of Vulcan Materials (NYSE: VMC) among the best-performing stocks in the S&P 500 index. It means the stock is only a little more than that away from matching the all-time highs it set back in October. For a building materials company t... Read the Full Story |
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Technology | | There’s probably never been a better time to be a cybersecurity company, and Fortinet (NASDAQ: FTNT) can well attest to it after the year they’ve had. Their shares are up 110% in the past nine months and 15% in the past week alone. With this kind of momentum behind them as we head into t... 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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Technology | | Spotify (NYSE: SPOT) is sometimes compared to Netflix (NASDAQ: NFLX). Though the companies deal in different mediums – Spotify in audio streaming and Netflix in video streaming – the market dynamics are similar.
Netflix’s market cap and revenue are both much higher than Spotify&rs... Read the Full Story |
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Business Services | | Factset Is Underloved And Outperforming
Factset Research Systems (NYSE:FDS) emerged as a buyable stock for me early in the pandemic because its revenue proved pandemic resistant, the stock was woefully underloved by the analysts, and it paid a very safe and growing dividend. Since then the stock ha... 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 | |
Disney’s (NYSE: DIS) Investor Day took place on December 10. Disney had a lot to say, but the biggest takeaway was the high expectations for the Disney+ streaming service: 230-260 million subscribers by 2024.
For context, Disney+ has 86.8 million subscribers as of December 2. Netflix (NASDA... Read the Full Story |
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Markets | |
2020 is a year that will be remembered for many things, but investors and traders might fondly think of it as the “year of the SPAC”. SPACs, or Special Purpose Acquisition Companies, have been popping up left and right thanks to the massive influx of speculative money in the market and... Read the Full Story |
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Markets | |
Dividend investing typically has the reputation of being a slow and steady way to grow your account and generate stable income. Some of the most well-known dividend stocks offer predictable revenue streams and lower volatility, which can be very attractive depending on your investment goals. That&... Read the Full Story |
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Markets | | Business Accelerates At Jabil
Technology is one of the two biggest stories of the pandemic. The other is consumer spending and Jabil (NASDAQ:JBL) is benefiting from both. The pandemic made the world lean heavily on technology, proving its worth to society and accelerating the shift to digital. The ... Read the Full Story |
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Industrials | | Mixed Results Drives Apogee Lower
At first glance, you might think Apogee Enterprises (NASDAQ:APOG) is well-positioned as a manufacturer of windows but then again, maybe not. The company is focused almost exclusively on the industrial end of the construction business and there is some weakness in t... Read the Full Story |
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The Early Bird Stock Of The Day Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts. The Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, and related spare parts and services. The Textron Systems segment offers unmanned aircraft systems, electronic systems and solutions, advanced marine crafts, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles. The Industrial segment offers blow-molded solutions, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid vehicle applications, clear-vision systems, plastic tanks for catalytic reduction systems, and battery housing systems for use in electric vehicles primarily to automobile original equipment manufacturers (OEMs); and golf cars, off-road utility vehicles, powersports products, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The Textron eAviation segment manufactures and sells light aircraft and gliders with electric and combustion engines; and provides other research and development initiatives related to sustainable aviation solutions. The Finance segment offers financing services to purchase new and pre-owned aviation aircraft and Bell helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island. | | View Today's Stock Pick |
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