Good MorningThe S&P 500 pushed up to set another new all-time high in Wednesday trading but was unable to hold the gains. Despite a strong showing from America’s largest retailers news from the FOMC sent a ripple of fear through the market. In the minutes from the last meeting officials at the Fed discussed the potential risks associated with the COVID pandemic and its impact on the U.S. economy. While the committee sees the U.S. on an upward trajectory it also sees the pandemic “weighing heavily on the economy”.
Conversely, data from the housing sector and business updates from a wide variety of retailers suggest a manufacturing boom may already be underway. With sales outpacing Wall Street consensus and pandemically-hindered supply-chains, inventories are falling fast and backlogs are growing. The S&P 500 may correct now and it may not, if it does have your cash ready.
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There’s something so satisfying about getting dividend payouts deposited into your account. Watching the payouts stack up and compound over time is one of the most rewarding aspects of investing. People tend to gravitate towards dividend stocks because they generate passive income and can si... Read the Full Story |
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From Our Partners | | The End of Elon Musk? Don't make him laugh.
Jeff Brown has been hearing this same tired story for years, and he's been proven right time and time again.
And now, while the media focuses on Tesla's "demise," he's uncovered an AI breakthrough that's about to make Elon's doubters eat their words yet again.
According to his research, if you listen to the media and miss out on Elon's newest breakthrough, it's going to cost you the fortune of a lifetime. | Click here to see why the "End of Elon" crowd is about to be wrong again. |
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Markets | | Wholesales Prices Are Rising, But So What?
There has been nothing but good news coming out of the used-car industry of late. The pandemic put a hurting on business for a month or so but since then the rebound has been vigorous. Retailers from Carmax (NYSE:KMX) to Autonation (NYSE:AN), Vroom (... Read the Full Story |
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Markets | | Move over Tesla. The electric vehicle market has a new player in town. Phoenix-based electric truck manufacturer Nikola (NASDAQ:NKLA) took the market by storm this summer after its June 4th Nasdaq debut. Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough. | Click here to see why Tesla's about to prove everyone wrong... again. |
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Markets | | La-Z-Boy Is Cautiously Optimistic
Furniture-maker La-Z-Boy (NYSE:LZB) reported a mixed quarter that’s only if you read the headlines. Revenue missed, sure, but by a slim margin but EPS more than mitigated the shortfall. The company, like so many others in the 2Q, was able to leverage cost-con... Read the Full Story |
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Markets | |
Left for dead by most investors after a dismal 2019, Kirkland's (NASDAQ:KIRK) has lifted itself off the ground and skyrocketed 665% this year. The Tennessee-based specialty retailer of home décor has been one of the biggest success stories to come out of the pandemic emerging as a significa... Read the Full Story |
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From Our Partners | | Washington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
It's happened before, and it's happening again.
The Department of Justice just admitted that cash isn't legally YOUR property. | Get your free guide now by clicking here >> |
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The Early Bird Stock Of The Day Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio. | View Today's Stock Pick |
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