Good MorningDespite a slightly volatile day of trading the S&P 500 reached a new all-time high on Tuesday. Better yet, the broad market index set both a fresh closing high and a fresh intraday all-time high. The move was supported by strong earnings reports from a number of big-name retailers that point to a solid 3rd quarter for many industries.
The question traders are asking now is, what happens next? With the index at a new all-time and trading at near-record valuations, a pull-back or correction is long overdue. Regarding the economic data, new data from the housing sector echo the day’s earnings reports by suggesting the economic rebound is gaining momentum. With that in mind, a pull-back in the index may not be coming and, if it does, it may not be very deep. When and if it doesn't, investors need to have their cash ready. Featured: Crypto Genius: Forget bitcoin – this will be so much bigger (Ad) 
|
Markets | | |
While luxury retail names like Macy’s (NYSE: M), Ralph Lauren (NYSE: RL), and Kohl’s (NYSE: KSS) watch their shares languish near multi-year if not all-time lows, shares of discount department store Ross Stores (NASDAQ: ROST) continue to undo Q1’s damage.
They mightn’t hav... Read the Full Story |
|
From Our Partners | | A little-known Title 15 provision could let you collect instant payouts — $100 to $1,000 — directly from your smartphone.
You don’t need to trade stocks or own assets. Jeff Clark has used this strategy for years with elite clients, and now he’s revealing it in a short video for everyday Americans. | | Watch how to collect your first payout here |
|
Markets | | |
Digital advertising has quickly become one of the largest line items for businesses as they prepare their marketing budgets. With consumers devoting more time to their devices than ever before and a seemingly endless amount of data available to help companies create ads that target specific market... Read the Full Story |
|
Markets | | |
Any investor out there likely has a litany of stocks that they'd wished they'd bought in on before they became famous household names, or priced so enormously that buying a share requires a huge investment in its own right. Teladoc Health (NYSE:TDOC) increasingly seems to be one of those firms, an... Read the Full Story |
|
From Our Partners | Announcing: Larry Benedict's "Market Wizard Protégé Program" (not suited for everyone)
Larry Benedict has created the boldest plan you've ever seen to give the average person the tools to generate massive wealth.
Already, Larry's "protégés" have had the chance to crush the market 8-to-1… for three years now.
The only catch? It flies in the face of everything you've been taught… and it's probably not suited for everyone. | | Click here to see if it's suitable for you. |
|
Markets | | | Jaw-Dropping Results From America’s Retailers
Home Depot (NYSE:HD) reported earnings this morning and gave the market everything it wanted and more. Not only did the company post robust growth but growth soundly beat the analyst’s estimates and accelerated from the previous quarte... Read the Full Story |
|
Markets | | | At the risk of damaging my own credibility, I am going to go out on a limb and say that I Iike Cryptocurrency. The technology is very interesting, the potential for application is limitless, and the values associated with it are mind-boggling. Read the Full Story |
|
From Our Partners | | A couple of years ago, we started playing with the massive amounts of data that MarketBeat takes in everyday trying to figure out if there was a way to identify short term trading wins. By analyzing earnings data, news sentiment, analyst recommendations, insider transactions and dozens of other data points, we think we’ve found an algorithm that finds interesting short-term stock ideas. We call that algorithm the IdeaEngine and its stock ideas are published on MarketBeat All Access every Monday morning. We make one IdeaEngine idea available free every Monday as an SMS alert. We’ll be releasing the next IdeaEngine alert on Monday morning, so make sure you are signed up before then.  | | Get MarketBeat IdeaEngine Alerts (Free) |
|
The Early Bird Stock Of The Day Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers. It also provides rail and intermodal transportation services over a network of approximately 20,000 miles serving business centres. The company was formerly known as Canadian Pacific Railway Limited and changed its name to Canadian Pacific Kansas City Limited in April 2023. Canadian Pacific Kansas City Limited was incorporated in 1881 and is headquartered in Calgary, Canada. | | View Today's Stock Pick |
|
