Good MorningThe broader equities market continued to simmer on Wednesday with the market hovering just below the recently set all-time high. The S&P 500 gained about 0.50% during the session and closed within an arms reach of a new high.
The next cue for the market could come from Washington. The fate of the freshly passed COVID-19 bill came into question following harsh criticism from President Trump. The President indicated the bill may not get signed by him if changes aren't made.
Thursday trading will probably be very light unless there is movement on the relief bill. The trading day is shortened by 3 hours with most major markets closing at 1 PM but next week things may change. With the New Year fast approaching and stimulus still in question we could see market participants start taking money off of the table. A move below 3636 on the S&P 500 would be significant and could lead the market into a correction.
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Consumer Discretionary | | 2020 hasn’t been a normal year, and the 2020 holiday shopping season won’t be normal either. Normally, people would descend upon malls en masse, leading to packed stores and long lines. But this year, coronavirus fears and social distancing requirements will prevent malls from reaching f... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Industrials | | Cintas As A Way To Invest In COVID-19 Vaccines
You can rest assured that any and all stocks related to the vaccine are going to pop. Whether or not the pop has legs remains to be seen. Not all vaccine plays will be true winners and not all will stand the test of time. Or will they? This may seem li... Read the Full Story |
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Markets | | Movie theater chain Cinemark Holdings, Inc. (NYSE: CNK) stock is down over (-70%) year-to-date (YTD) compared to the 15.5% performance for the benchmark S&P 500 index (NYSEARCA: SPY). The movie theater business has been ravaged by the pandemic and the recent announcements of same-day streaming ... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | | Shares of department store retailer Nordstrom (NYSE: JWN) have more than doubled since being highlighted in our October 2, 2020, MarketBeat Original article “Nordstrom (NYSE: JWN) Stock Becoming a Bargain Basement Buy”. It’s time to ring the register to trim profits as shares are n... Read the Full Story |
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Markets | |
It's not always clear what makes a company great, let alone a great buy. Recently, though, Cloudera (NYSE:CLDR) has made some major moves in that vein, picking up new capital and working to improve its share price via some comparatively familiar measures. These measures together add up to a reason... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Staples | | Demand Rises For Calavo Growers
If the name Calavo Growers (NASDAQ:CVGW) is ringing a bell for you it is because you’ve probably seen or heard the name before. Calavo Growers is the nation’s largest supplier of avocados which are a fast-growing segment of the food market. The company h... Read the Full Story |
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Industrials | | With the stock market constantly setting record highs, it’s easy to forget that there are some industries that have been crushed by the pandemic. The rental car industry is one of them. Hertz (NYSE: HTZ) filed for Chapter 11. Avis (NASDAQ: CAR) has been spared from a similar fate, but its numb... Read the Full Story |
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Markets | | Special purpose acquisition company (SPAC) RMG Acquisition (NYSE: RMG) will reverse merge with Romeo Power Technology, a battery technology company accommodating the electric vehicle (EV) market. Shares have seen a boost due to the EV and SPAC mania boosted by the likes of QuantumScape Corporation (... Read the Full Story |
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Consumer Discretionary | | Leslie’s Is A Stock Analysts Want To Own
Leslie’s (NASDAQ:LESL) has been around for about 60 years but only went public two months ago. That is surprising because the company is uniquely positioned as the largest supplier of pool and spa supplies and equipment in the U.S. And it's growi... Read the Full Story |
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Industrials | | Spaceship manufacturer Virgin Galactic Holdings, Inc. (NYSE: SPCE) stock imploded on the failure of a test flight sending shares collapsing from a high of $35.82 to a low of $23.78 in eight trading sessions. While the ship landed safely and no one was hurt, the shares were punished by a combination ... Read the Full Story |
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The Early Bird Stock Of The Day Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. The Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. The company was founded in 1858 and is headquartered in Cincinnati, Ohio. | | View Today's Stock Pick |
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