Good MorningGlobal equities markets breathed a sigh of relief on Monday after President Trump signed the latest COVID-19 relief bill into law. The signing ended months of uncertainty and helped spur the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite to new all-time highs. The move also ushers in the so-called Santa Claus Rally and could lead to more new highs later in the week.
With COVID 19 relief on the way, the next big hurdle for the markets will be earnings. The fourth-quarter earnings reporting cycle begins in less than three weeks and could mark a turning point for the markets. Up until now, the outlook for earnings has been improving. If that situation changes for any reason global equities are more likely to fall than not. Until then, investors should stay focused on their investment goals and avoid knee-jerk reactions to market news.
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Technology | |
While the S&P 500 up about 14% year-to-date, there have been some standout performers. Including the newly added Tesla, nine of the index's components have at least doubled so far this year. Some may have peaked for the moment, but others appear to have plenty more room to run. Here we review ... Read the Full Story |
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From Our Partners | | Gold has spiked above $4,400 an ounce as central bankers stockpile at one of the fastest paces in decades, according to a new report from Dr. David Eifrig, a 40-year financial veteran who worked the trading desk during Black Monday in 1987.
Bank of England staff are reportedly working overnight to dig out gold bars for delivery, while nations repatriate hundreds of tons back within their borders.
Eifrig says this goes beyond a typical gold rally and outlines three steps to prepare in a free broadcast. | | Watch the free broadcast now to get the full story |
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Markets | | Satellite TV, wireless, and broadband provider DISH Network Corporation (NASDAQ: DISH) stock has been punished in December trading down (-13%) year-to-date (YTD) versus the 14% YTD performance of the benchmark S&P 500 index (NYSEARCA: SPY). Shares were punished when the Company priced a $2 billi... Read the Full Story |
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Healthcare | | Clinical stage biotechnology company Moderna, Inc. (NASDAQ: MRNA) stock has been in the forefront during the pandemic in the battle against COVID-19. Shares are still up over 500% year-to-date (YTD) as vaccine approval and distribution is well underway. While shares have peaked at $178.50, the sell-... Read the Full Story |
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From Our Partners | | The Department of Justice recently argued in court that cash is not legally property, raising new questions for savers as federal debt continues to climb.
Your IRA, 401k, and bank accounts are not hidden from view, prompting some Americans to look for ways to keep more control over their own wealth.
A free information kit outlines three strategies people are considering to help shield their savings from future policy changes. | | Get the free information kit and explore savings strategies now |
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Healthcare | |
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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Consumer Discretionary | |
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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From Our Partners | | A 60-minute morning window is catching traders' attention for one reason: it doesn't depend on market direction.
Place a quick trade before 10 am, then step away. Sixty minutes later, the setup has already done its work.
The strategy targets a 50 percent return potential on a $1,000 stake, though results vary and some trades won't work out. | | Discover how to apply this 60 minute trading window today |
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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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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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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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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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The Early Bird Stock Of The Day Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. H&P's fleet includes 299 land rigs in the U.S., 31 international land rigs and eight offshore platform rigs. | | View Today's Stock Pick |
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