Good MorningThe market continues to drift upward while traders wait and see what the next phase of the economy is going to look like. The S&P 500 moved up to set another all-time intraday high but the move was weak, the index traded within a very tight range, and gave up all the gains by the end of the day. While the near-term outlook remains bullish traders and investors should remain wary of growing weakness within the market.
With COVID cases rising, an uncertain future for vaccinations, and the final verdict on the election upcoming there is much to be worried about. Rising cases of COVID are leading to shutdowns that could threaten the economic recovery if not for the strength of the labor market. The labor market rebound is slowing from the summer peaks but still very strong on a historical basis and pointing to long-term economic expansion.
Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Medical | | The Cannabis Market Is Reversing
With the Alternative Harvest ETF (NYSEARCA:MJ) up more than 50% from its lows it is beginning to look like a major reversal is underway in the cannabis market. Not only are overcapacity and oversupply issues coming into alignment, but the Canadian cannabis producer... Read the Full Story |
|
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 |
|
Technology | | Online travel and hotel booking platform trivago N.V. (NASDAQ: TRVG) stock has been a forgotten play further swept under the rug during the pandemic. As the race for COVID-19 vaccine FDA and European approvals near the finish line, travel and leisure related stocks are again seeing revitalized momen... Read the Full Story |
|
Retail/Wholesale | |
Clothing retailers have definitely had a tough run of things this year. With stores closed, online operations strained, and people reconsidering just how much they need in their closets, it's been sub-optimal all the way around. For clothing subscription service Stitch Fix (NASDAQ:SFIX), a recent ... Read the Full Story |
|
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 |
|
Technology | | Business Accelerates At ZScaler
ZScaler (NASDAQ:ZS) is still a small microcap company but it is one with a large-cap future. The company provides cloud-based and cloud-centric security solutions for business and industry and seen an impressive surge in demand. Like so many others riding the tidal w... Read the Full Story |
|
Technology | |
With technology advancing at a blistering pace, investors should be on the lookout for companies that are at the forefront of the digital revolution. It’s easy to see why, as some of the biggest companies in the world by market capitalization are technology companies. Most investors understa... Read the Full Story |
|
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. |
|
Markets | | eCommerce Is The Key To Growth
The pandemic and economic shut-down, as bad as they were (are), did nothing but spur revenue and growth for some companies. Those in the right time and right place were able to ride the wave of liquidity unleashed by the stimulus and surf it to profits. For some, the ... Read the Full Story |
|
Retail/Wholesale | |
Looking ahead to the upcoming earnings reports, its hard not to be drawn to the retail industry. The docket includes some of the most intriguing stories of winners in what's become a very unusual shopping environment in 2020.
Far from flashy, these defensive stocks are all major beneficiaries of... Read the Full Story |
|
Medical | |
Although investing in biotech stocks can be a risky endeavor thanks to the fact that these companies face tons of regulatory hurdles, oftentimes the rewards will outweigh the potential downside. A single news headline can send the price of these stocks skyrocketing or plummeting, which is why it&r... Read the Full Story |
|
Markets | | Patterson Companies Breaks Out After Earnings
Patterson Companies (NASDAQ:PDCO) is another of those odd businesses that make you wonder how they got started. Like Hillenbrand and Matthews International Corporation, it is an unusual mix of businesses but one that seems to be working. In the case of... Read the Full Story |
|
Technology | |
When it comes to wireless connectivity, arguably the biggest name in the game right now is Verizon (NYSE:VZ). It's got a massive network, and it's been working frantically to build that network out even farther. Right now, it's working on advancing the latest 5G connection technology, and it's get... Read the Full Story |
|
The Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
|
