Good MorningCautious traders kept the equity indices near break-even on Tuesday. Although the FOMC was not expected to alter its policy the chance for market-moving Fed-speak was enough to keep volume light. The tech-heavy NASDAQ led the day’s action while the blue-chip Dow Jones Industrial average was the laggard.
Notably, several Dow components set new all-time highs during the session. Among them is McDonald’s. The company is a bellwether of the global economy and analysts see momentum driving strong results in the 3rd quarter. If strength carries through into the broader index the Dow Jones Industrial Average will set a new all-time high very soon.
The 3rd quarter earnings cycle is right around the corner and it is shaping up to be a good one. The analysts are upping their targets for S&P 500 earnings for the first time in over two years, a fact that could drive the entire market to new all-time highs in the coming weeks.
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Basic Materials | |
When you are contemplating whether or not to add a new dividend stock to your portfolio, there are several important qualities to look for. For example, identifying companies with strong cash flow generation, long-term growth potential, and low debt levels is a great start. You should also check t... Read the Full Story |
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From Our Partners | | Jensen Huang says AI can't scale without it. Google Ventures calls it the future of AI compute. Sequoia Capital - the firm behind Anthropic and OpenAI - calls it a 'holy grail.' It's smaller than a fingertip and made of glass.
Wall Street insider Jason Bodner - who called Nvidia at $4.50 - believes this 'light-speed' device could be bigger for AI than GPUs and is about to launch a new wave of winners. He's sharing his number one stock pick tied to it at no cost. | | Click here to get Jason Bodner's top pick for free |
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Industrials | |
For those who remember those dark days, not so long ago, when even regular unleaded gasoline was running over $4 a gallon, the drive to find an alternate way to drive a car is understandable and even relatable. No one wants to go back to those days, except perhaps those who are long oil. That's le... Read the Full Story |
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Technology | | This past summer has been a bit of a mixed bag for shares of Micron (NASDAQ: MU), the $55 billion chip maker out of Boise, Idaho. While anything with even a hint of tech seemed to log green day after green day, Micron shares were for the most part flat from April through July.
If investors were sta... Read the Full Story |
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From Our Partners | | This feels like one of those ''where were you when Kennedy was shot'' moments. It felt like a moment in time, but that single shot started an avalanche of investigations, accusations, and conspiracy theories.
That's what you just witnessed with the death of the Ayatolla Khamenei.
Because the strikes proved how fragile things can get: billions could be lost. Seniors and the vulnerable put at risk. | | So to make it easy, Get the 2026 Retirement Survival Guide. Plain-English, step-by-step |
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Retail/Wholesale | |
McDonald’s (NYSE: MCD) broke above $222 a share during yesterday’s trading session, setting intra-day all-time highs. Shares of the fast-food giant closed at $220.56, their second-highest all-time finish (MCD closed at $221.15 on August 9, 2019).
Let’s look at the chart and see ... Read the Full Story |
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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 | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts 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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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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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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The Early Bird Stock Of The Day Builders FirstSource, Inc., together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name. The company also provides specialty building products and services, including vinyl, composite and wood siding, exterior trims, metal studs, cement, roofing, insulation, wallboards, ceilings, cabinets, and hardware products; turn-key framing, shell construction, design assistance, and professional installation services. In addition, it offers software products, such as drafting, estimating, quoting, and virtual home design services, which provide software solutions to retailers, distributors, manufacturers, and homebuilders. The company was formerly known as BSL Holdings, Inc. and changed its name to Builders FirstSource, Inc. in October 1999. Builders FirstSource, Inc. was incorporated in 1998 and is based in Irving, Texas. | | View Today's Stock Pick |
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