Good MorningThe tech-led market correction extended its losses on Thursday with all three major indices shedding more than 1.25% by the end of the session. The move was sparked by another impasse in Washington and is the fourth day of selling out of the last five. On Capitol Hill, Senate Republicans tried to move on a one-side stimulus bill that barely made it out of the idea phase.
In a technical sense, Thursday’s selling confirms resistance to higher prices and points to a deeper correction to come. The question now is how deep and the answers could be shocking. The minimum investors might expect to see is another 3.0% drop for a total decline of 10% for the S&P 500. In the worst case, there is a chance for up to 20% or more of losses over the next few weeks. Next week is a data-heavy week so traders and investors should expect market volatility.
Featured: Your $29.97 book is free today (Ad) 
|
Technology | | Zscaler Is A Cloud-Winner That Keeps On Winning
The number one most enduring trend sparked by the COVID-19 pandemic is an accelerated shift to digitization. There is evidence of it everywhere you look. Earnings from retailers are driven by eCommerce, businesses are navigating shut-downs and eCommer... Read the Full Story |
|
From Our Partners | | Right now, your phone is recording exactly where you are. It does this roughly every two minutes. Precise coordinates. Stored on corporate servers. For years. Your church. Your doctor. Your home. Your habits. The most complete map of a human life ever assembled… and for years, the government could simply ask for it.
On June 29th, the Supreme Court said: no more. In a landmark 6–3 ruling, your digital life now carries the same constitutional protection as your home. The Founders would be proud. But they'd also notice what's still exposed… Your money.
That’s why this ruling has actually opened the door to a tremendous opportunity. Because while the courts just ruled on our freedoms, technology needs to enforce the ruling. | | Get the Freedom Coin report (proceeds from the guide go to veterans). |
|
Technology | |
Let’s face it. We live in a different world than we did just a year ago. Life is more complicated. And yet, in some ways it’s not complicated at all. The absence of some routine choices has simplified our lives in some ways. Just not necessarily in ways that we like.
One thing is cert... Read the Full Story |
|
Markets | | It’s Time To Get Ready For The 3rd Quarter Reporting Season
There is a situation developing in the market that you need to know about. The analysts have begun to issue their updates and the news is good. I can’t say I haven’t been warning you, this was bound to happen, the consens... Read the Full Story |
|
From Our Partners | | A small publicly traded company operates a specialized launch vehicle fleet inside the secure perimeter of Kennedy Space Center, just steps from SpaceX and Blue Origin.
Under a special operating agreement, the company uses the multi-billion-dollar federal facility for just 500 dollars. Its launch system reportedly cuts fuel costs by 90 percent and enables multiple launches in a single day.
The stock currently trades under 5 dollars and is approaching a key licensing milestone most retail investors have not yet noticed. | | Click here to see the company name before it goes mainstream |
|
Consumer Discretionary | |
3 Strong Stocks to Consider Buying on the Dip
With millions of people stuck at home for a large portion of this year, we’ve seen some truly awe-inspiring moves in stocks that are involved in the e-commerce industry. These stocks have all been flying due to a permanent shift in the way t... Read the Full Story |
|
Consumer Discretionary | | Upgrades Will Drive The Next Wave Of Buying
The market has entered a correction there is no doubt about it. The tech-heavy NASDAQ Composite is down nearly 10% over the past few trading days with the broad market and blue chips not far behind. Truth be told, it’s about time we had a correction... Read the Full Story |
|
From Our Partners | | Billionaires are quietly preparing for what comes next - stockpiling gold, guns, and gas masks. TradeSmith CEO Keith Kaplan says there is a bigger story behind the headlines.
After spending 17 million dollars on AI research and enlisting a former NSA codebreaker and Pentagon insider, Kaplan's team has identified a different way to approach AI investing, one that skips Nvidia, SpaceX, and the Magnificent Seven entirely. | | See Keith Kaplan's full AI research before September 30th |
|
Consumer Discretionary | | Amazon (NASDAQ: AMZN) just did something it hadn’t done in five months: Touched its 50-day moving average.
On Friday, shares dipped a little below the 50-day, but quickly recovered and closed near the day’s highs.
Amazon has been one of the biggest pandemic winners. After shares droppe... Read the Full Story |
|
Consumer Discretionary | |
The Short-Story On Second Quarter Earnings
The second-quarter earnings cycle got started with a boom and now its ending with a bust. When the cycle started and it became apparent the consensus figures were too low the market breathed a sigh of relief. When it became clear that most S&P 500 wo... Read the Full Story |
|
Markets | |
This year, the era of cloud technology dominance has officially begun. With cloud stocks leading the Nasdaq to record highs regularly, many investors are trying to figure out just how much potential these companies will have over the next decade. It’s easy to understand why businesses that a... Read the Full Story |
|
Technology | |
Ambarella, A Diversified Play On Specialty Semiconductors
Ambarella (NASDAQ:AMBA) made a name for itself providing chips and technology for GoPro’s (NASDAQ:GPRO) popular line of digital, connected, cameras. Unfortunately for both companies, the GoPro narrative did not play out quite as we t... Read the Full Story |
|
Healthcare | |
Did you know that healthcare spending makes up more than 10% of the GDP in most developed countries? In the United States, the spending is near twice that amount and accounted for 17.7% of GDP in 2018. With a global pandemic bringing the healthcare industry front and center, it’s easy to see... Read the Full Story |
|
The Early Bird Stock Of The Day RumbleOn, Inc. primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products, as well as repair and maintenance services. The Vehicle Transportation Services segment provides asset-light transportation brokerage services facilitating automobile transportation. The company was formerly known as Smart Server, Inc. and changed its name to RumbleOn, Inc. in February 2017. The company was incorporated in 2013 and is based in Irving, Texas. | | View Today's Stock Pick |
|
