Good MorningThe S&P 500 crept up to set another new all-time high on Tuesday as investors bet on economic growth. The S&P 500 advanced about 0.35% lagging the blue-chip Dow Jones Industrial Average and the tech-heavy NASDAQ Composite which posted gains closer to 0.50%. Both the NASDAQ Composite and Dow Jones Industrials are trading at all-time highs as well.
Tuesday’s moves are driven more by hope than anything else. The roll-out of COVID vaccinations in the UK bolstered the idea that vaccines would soon be widely available. In addition, hope that a stimulus bill will be passed by Congress persist despite lingering sticking points. Even if the current bill is passed as written, it is far less than what the market was hoping for and maybe too little too late for the indices.
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Technology | | The Analysts Are Leading The Market Higher
The analyst's upgrades keep rolling in and they are leading the market higher. The good news is that results continue to outpace the analyst's consensus estimates which means the upgrades will keep coming in. Among the latest news is warming sentiment in... Read the Full Story |
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From Our Partners | | Nearly 2 in 3 Americans fear running out of money more than death - and chasing a $1.5 million nest egg isn't helping.
Tim Plaehn has spent decades helping people build retirement income, and he says the monthly income goal is the only number that matters. His approach could potentially reach that goal with 10x less capital - using a single stock you can buy with one click. | | Watch the short presentation to see how this retirement income strategy works |
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Consumer Staples | |
This year, we are witnessing sweeping changes that are driving growth across multiple industries thanks to the global pandemic. This has presented some truly unique investing opportunities as certain companies capitalize on the latest market trends. That includes the pet industry, which is benefit... Read the Full Story |
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Consumer Discretionary | | Outdoor footwear and apparel manufacturer Wolverine World Wide, Inc. (NYSE: WWW) stock has finally regained its February pre-COVID price levels but is still underperforming the benchmark S&P 500 index (NYSEARCA: SPY). This leaves more upside for the shares compared to competitor Deckers Outdoors... Read the Full Story |
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From Our Partners | | Most retirement plans still have gaps in them... The quiet ones that don't show up until it's too late to fix.
A tax strategy quietly costing you thousands every year… Social Security timing that leaves real money on the table… An estate plan that's years out of date… An income strategy that could be working twice as hard…
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Finance | |
Rocket Companies (NYSE:RKT) stock exploded following its August 6th IPO. Shares of the online mortgage lender nearly doubled a month after its market debut amid a hearty investor appetite for fresh e-commerce offerings.
Since then the stock has come back down to Earth as the usual IPO euphoria di... Read the Full Story |
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Consumer Discretionary | | Home Depot Buys More Growth
Home Depot (NYSE:HD) has been a pandemic-winner from the get-go and much of the revenue gains are expected to stick. If you are wondering if Home Depot is still a buy let me assure you that it is. The company is not only still growing on an organic and expansion basis bu... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Industrials | | Despite raising plenty of fanfare prior to its IPO in October 2018, shares of Upwork (NASDAQ: UPWK) were effectively carried into 2020 on a stretcher. The online marketplace for freelancers had never closed above where it started trading on its first-day public and was not only down more than 50% fr... Read the Full Story |
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Consumer Discretionary | | GameStop (NYSE: GME) is set to release its Q3 earnings today after the bell, and you’ve probably heard the company’s critics over the past few years. Many of them say, “GameStop is the Blockbuster of video games.”
Now, I’m not going to sit here and say that GameStop is... Read the Full Story |
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Industrials | | Solid-oxide fuel cell systems provider Bloom Energy (NYSE: BE) stock has seen a resurgence from the electric vehicle (EV) momentum. As momentum and money flow frantically shifts from EVs to EV fueling, power sources and materials, shares of former momentum flyers FuelCell Energy, Inc. (NASDAQ: FCEL)... Read the Full Story |
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Markets | | The S&P 500 (NYSEARCA: SPY) is grinding through all-time highs heading into year’s end as the pandemic ravages a third wave in a race for FDA COVID-19 vaccine approvals and distribution. While pundits argue the markets are disconnected with reality, this is the seasonal time of year where ... Read the Full Story |
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Healthcare | |
Every situation produces a certain number of winners. Even disastrous situations like the coronavirus pandemic produced a few winners, especially for segments with “from-home” somewhere in their concepts. “Work-from-home,” “exercise-from-home,” and “shop-f... Read the Full Story |
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The Early Bird Stock Of The Day Abercrombie & Fitch Co. engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa. The APAC segment includes operations in the Asia-Pacific region, including Asia and Oceania. The company was founded by David Abercrombie in 1892 and is headquartered in New Albany, OH. | | View Today's Stock Pick |
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