Good MorningTraders hoping for a bottom got some good news on Monday but it may be short-lived. The major indices, led by tech, regained more than 1.5% on bargain hunting and hopes the FOMC can continue to support the economy.
The FOMC is holding its regularly scheduled September meeting this week and expected to release a policy statement on Wednesday. There isn’t expected to be any change to policy but the committee will likely move the market with its statement. Comments about the economy, particularly risks to the economy, will be the news of the day.
Investors should also be wary of this week’s economic data. Aside from the FOMC meeting, there are the Retail Sales, Housing Starts, Building Permits, and Home Builders Index to be aware of and all are expected to be strong. Better or worse than expected figures will add volatility to the markets.
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Markets | |
The Labor Market Rebound Is Strong
There is still a lot of weakness in the labor market, don’t get me wrong, but the labor market is still strong and the rebound is on. Stocks in business with labor like Cintas (NYSE:CTAS) are in a clear position to survive the pandemic if not thrive in its... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Auto/Tires/Trucks | |
The Electric Car Market Is Going To Be Huge
The Electric Car market is going to be huge. If even only 10% of all cars globally go EV we’re still talking about exponential growth over the coming years. Total car sales are expected to top 70 million units globally in 2020 even with the pandem... Read the Full Story |
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Transportation | |
As investors and traders, we need to pay attention to what stocks are showing relative strength to the overall market. For example, the stocks that showed strength during the selloff over the past few trading sessions give us a clue that they could be in for some big moves in the coming weeks. Som... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Consumer Discretionary | | Media network Fox Corporation (NASDAQ: FOXA) shares have been trying to recover since its pandemic meltdown in an attempt to recover back to its pre-COVID levels. While still vastly underperforming the benchmark S&P 500 index (NYSEARCA: SPY), shares are staging a recovery as live sports programm... Read the Full Story |
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Retail/Wholesale | |
Another Blow-Out Report From Kroger
Kroger (NYSE:KR) has been at the forefront of the pandemic rebound and is no danger of losing its position. The stock is up more than 30% from the pandemic bottom, revenue is still accelerating, and the stock is still a bargain. Trading at only 12X this year&rs... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Medical | |
The race for a Covid-19 vaccine is dominating the news cycle. Dozens of companies from around the globe are participating in one of the more fascinating scientific quests of all time. A typical vaccine process for a novel condition like Covid-19 typically takes years. So is it really possible that... Read the Full Story |
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Retail/Wholesale | | Tailwinds Drive Zumiez To Surprise Profits
Zumiez Inc. (NASDAQ:ZUMZ) produced a surprising 2nd quarter in more ways than one. The company is heavily reliant on brick&mortar not to mention malls so was not expected to rebound very strongly but it did. The market failed to account for a couple of... Read the Full Story |
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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 |
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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 |
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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 |
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The Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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