Good MorningThe S&P 500 made a modest gain on Thursday to close out the holiday week with barely any movement at all. The broad market index appears to be waiting for its next cue and it could come at any time.The Dow Jones Industrial Average and NASDAQ Composite both closed in a similar position with all three trading at recently set all-time high levels.
Next week traders need to be on the lookout because the markets may not stay so quiet. The stimulus bill is headed to President Trump’s desk and there is still no indication if he’ll sign it. Even if he does sign it, the market could be faced with a sell-the-news event. Key events for the week that are not politically driven include the Chicago Purchasing Managers Index, Pending Home Sales, and initial jobless claims.
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Medical | |
When you start to think about all of the different applications for cloud software in the world, it’s easy to see why investors have been scooping up shares of companies in the sector. Cloud computing helps companies achieve better business efficiencies, more flexibility, cost savings, incre... Read the Full Story |
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From Our Partners | | Most beginners stay stuck on the sidelines for years because no one shows them the simple steps between being interested in options and actually placing a trade.
Your First Trade Playbook closes that gap in one evening - and right now it is still free. Bill Poulos plans to charge for it soon, so download your copy before the temporary link expires. | | Download your free copy of Your First Trade Playbook today |
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Construction | |
Back in August, Beazer Homes (NYSE: BZH) staged a powerful breakout, with the move coming on high volume and the closing price right around the day’s highs.
After slowly, but steadily increasing for much of the fall, Beazer formed a four-week base between mid-November and mid-December. On T... Read the Full Story |
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Markets | | Air carrier American Airlines Group, Inc. (NYSE: AAL) stock is undergoing a late-stage rally with COVID-19 vaccine distribution is underway. With shares still trading at nearly half its pre-COVID-19 highs, the stock is dramatically underperforming the benchmark S&P 500 index (NYSEARCA: SPY). Thi... Read the Full Story |
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From Our Partners | | Small-cap moves rarely announce themselves. Street Ideas surfaces quiet setups with real momentum before they appear on mainstream radars.
With tomorrow's open approaching, three names are already showing early activity worth a closer look. Get the alerts that keep you ahead of the crowd. | | Join Free Today |
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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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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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From Our Partners | | Saudi Arabia has terminated its 1974 petrodollar agreement with the United States - the deal that forced every country on Earth to hold U.S. dollars to buy oil. Since then, Saudi Arabia has signed a $7 billion currency swap with China, begun settling oil in digital yuan, and joined China's cross-border payment system, mBridge.
With 10-year Treasury yields pushing toward the 4.4% danger line and global dollar demand in retreat, gold is being repriced. There's one asset that still trades at a steep discount to gold's current price - a rare opportunity to leverage the metal's continued rise. | | Learn how to position ahead of the dollar's continued decline |
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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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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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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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The Early Bird Stock Of The Day Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories. It offers merchandise, such as sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. The company also operates gasoline, pharmacies, optical, food courts, hearing-aid centers, and tire installation centers; and offers business delivery, travel, grocery, and various other services online. It also operates e-commerce websites. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington. | | View Today's Stock Pick |
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