Good MorningThe market closed out a down week with accelerated selling on Friday leaving the major indices at their lowest levels in over a month. The move was driven more by a lack of good news than anything else but there are some risks developing. Among them, a rising tide of COVID has a second round of shutdowns underway in some parts of the world raising fears of the same here at home. The sell-off was led once again by tech with the FAANG names down another 2.5%.
Market sentiment may change next week but investors shouldn’t hold their breaths. The 3rd quarter earnings cycle starts to get underway but the risk of COVID may overshadow any good news. Without another stimulus bill in sight, it looks like the market could be in for a deeper correction.
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In the electric vehicle (EV) space, companies like Tesla, Nikola, and NIO garner much of the market's attention due their massive growth potential as automakers. Then there are some smaller, lesser-known players that stand ready to grab a meaningful slice of the EV pie.
San Diego-based Beam Globa... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Discretionary | | A Tidal Wave With Tailwinds Will Push Domino’s Pizza HigherDomino’s Pizza (NYSE:DPZ) has a long history of analysts upgrades. Since the first quarter of 2020 there have been at least 25 major analysts calls and they are all bullish. The updates range from simply reiterated buys to outrig... Read the Full Story |
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Industrials | | A 10% jump on Wednesday was enough to make shares of General Electric (NYSE: GE) the best performers on the S&P 500. It will be a welcome break for investors who up until then were staring down the barrel at a retest of May’s lows.
Despite popping 55% from then through early June, shares ... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | | These days, it seems like everyone wants a piece of the global EV (Electric Vehicles) market. With the cost of electric vehicle ownership decreasing and manufacturers working hard to create new and exciting tech that powers these eco-friendly automobiles, the potential for companies involved in the ... Read the Full Story |
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Industrials | |
FedEx Corporation (NYSE:FDX) just delivered an earnings report that is causing the stock to soar. It appears that shares of the delivery services company will open up nearly 10% above its closing price of $236.67 on September 15.
3 Stocks Showing Relative Strength During the Selloff
The grow... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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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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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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Consumer Discretionary | |
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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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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The Early Bird Stock Of The Day Gogo Inc., together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions. The company offers voice and data, in-flight entertainment, and other services. In addition, it engages in the development, deployment, and operation of networks, towers, and data center infrastructure to support in-flight connectivity services, as well as in the provision of telecommunications connections to the internet. The company sells its products primarily to aircraft operators and original equipment manufacturers of business aviation aircraft through a distribution network of independent dealers. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado. As of May 2024, Gogo Inc. claims that "Gogo is the only company in North America with a complete, certified airborne 5G network, meaning that all components within the network (including onboard equipment) are 5G native." | | View Today's Stock Pick |
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