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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Retail/Wholesale | | 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 | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Business Services | | 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 | | See the Signals Most Traders Miss
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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 | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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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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Transportation | | 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 Staples | | 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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Aerospace | | 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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