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: Get the golden rules of day trading for free (Ad) 
|
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 |
|
From Our Partners | | Experienced traders rarely start with 'What stock should I buy?' Instead, they ask a different question entirely: 'What's the smartest way to participate in the move?'
Sean Allison is hosting a free World Premiere Live Training called The Zero-Dollar Trade Advantage to walk through exactly that approach. | | Reserve your seat now for this free live training with Sean Allison |
|
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 |
|
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 |
|
From Our Partners | | If a stock trades at $300, most investors assume they need $300 per share. Sean Allison says that assumption may be costing you opportunities.
He's running a free training called the Zero-Dollar Trade Advantage, walking through a strategy for traders who've passed on positions simply because the price seemed out of reach. | | Reserve your seat now and rethink how you approach capital requirements |
|
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 |
|
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 | | Washington has been valuing America's gold reserves at $42.22 an ounce - a 1973-era figure - while gold trades above $3,100 today. One executive order correcting that valuation could trigger the largest wealth transfer in modern American history.
The last time a president reset America's relationship with gold, one asset gained 2,300% in under a decade. Analysts are now watching for a potential executive order that could reprice those reserves and reshape the market. | | Find out what a gold revaluation order could mean for your portfolio |
|
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 |
|
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 |
|
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 |
|
Markets | |
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 |
|
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 |
|
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 |
|
