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: Okay Porter, prove it (Ad) 
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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 |
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From Our Partners | | Charlie Munger's $1,000 oil investment in 1962 later paid about $70,000 a year, totaling roughly $1 million over 60 years, according to his own account.
Today, a similar oil income opportunity trades under $15 per unit, offering exposure to more than 17 million gross acres across 28 states and over 137,000 producing wells. It has paid a distribution every quarter since its 2017 IPO, including through the 2020 oil crash. | | Watch the free presentation on this unusual oil income opportunity now |
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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 |
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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 quarter. Th... Read the Full Story |
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From Our Partners | | Something strange is about to happen to money, and almost nobody has noticed. Software is about to start buying things. Not just recommending... actually buying.
An agent that books the appointment, places the order, and pays for it while you sleep. By 2030, Gartner expects machine customers to take part in $30 trillion of purchases.
But an AI cannot open a bank account. It cannot pass KYC or hold a card in its own name. Every payment rail we have exists to confirm a human sits on the other end. The machines need a way to pay that never asks for ID. Which raises the obvious question... How? | | Click here to see more. |
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Markets | | Cryptocurrency, You Have To Be In It To Win It
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. Bitcoin ... Read the Full Story |
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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 |
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From Our Partners | | A landmark executive order, 14241, is reportedly set to reshape how Americans use money starting this December.
The agenda at the upcoming G20 Summit in Miami has shifted, and new research points to a major monetary announcement from President Trump.
A new documentary breaks down what this shift could mean for savings, investments, and the assets tied to it. | | Watch the documentary to see what the dollar reset means for you |
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Markets | | Steakhouse operator Ruths Hospitality Group (NASDAQ: RUTH) shares are starting to turn the corner on the monthly charts as restart narratives take shape. Restaurant stocks as a group are starting to see a recovery as pent up demand from consumers start to improve sentiment for carrying out and drive... Read the Full Story |
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Markets | | BorgWarner (NYSE: BWA) shares are now trading above pre-pandemic levels, after completing a V-shaped recovery, basing for a couple of months, and then breaking out.
While some companies’ numbers have improved since the onset of the pandemic, leading to increases in their share prices, BWA has... Read the Full Story |
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Markets | | Diversified healthcare company Opko Health (NASDAQ: OPK) shares have recently surged to 2018 highs at $6.47 from lows of $1.12 pandemic lows when the S&P 500 index (NYSEARCA: SPY) plunged (-34%) into March 2020. The diagnostic and pharmaceutical company has been a benefactor of the COVID-19 pand... Read the Full Story |
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The more you knock on a door that’s not being answered, the more likely you are to turn around and walk away. From a technical perspective it’s similar with stocks when they’re trying to get past a certain level of resistance. The longer they spend trying, and failing, to get thr... Read the Full Story |
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Markets | | Bed Bath & Beyond Embraces eCommerce
Bed Bath & Beyond (NASDAQ:BBBY) is no fantastic stock, at least it hasn't been. Over the past few years, it has seen its share prices wind down to a two-decade low as eCommerce and discount shopping cut into revenue. When the pandemic struck, the company... Read the Full Story |
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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 |
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