Good MorningThe market melt-up continued on Wednesday with all three major indices setting new highs. The Dow Jones Industrials and S&P 500 each added more than 1.5% leaving the blue-chip index less than 2% from a new all-time high. The move was driven by better than expected results from a host of retailers including Macy’s and Shoe Carnival. The underlying theme among them all is that eCommerce is underpinning results and expected to remain strong long into the future.
Wednesday’s action came despite a weaker than expected ADP report. The ADP report showed 428,000 new jobs were created in August, about half of what the market expects from the NFP report on Friday. Investors are urged to remember that while the ADP and NFP track each other over time they are often uncorrelated on a month to month basis. The NFP could be far different. The takeaway from the ADP report is that job creation is net positive and total unemployment continues to decline.
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Medical | |
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 |
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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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Markets | | Salesforce.com Is Only The Tip Of The Iceberg
Salesforce.com (NYSE:CRM) shocked the market when it reported earnings for the 2nd quarter. We knew the pandemic had accelerated the shift to digital and with it the cloud but the numbers are mind-boggling. Salesforce.com, a company whose business is he... Read the Full Story |
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Retail/Wholesale | | Fast casual restaurant chain Red Robin Gourmet Burgers (NASDAQ: RRGB) stock has been dormant during the pandemic recovery even as the benchmark S&P 500 index (NYSEARCA: SPY) make new all-time highs. However, shares have finally awoken as money looks for laggard opportunities among the rapidly ac... 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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Technology | |
The Chinese social media company, Momo (NASDAQ:MOMO), is many things. One part of the company, Tantan, is an online dating site that is compared to Tinder. Then there’s Momo, its namesake app, which is an online dating service and more. In fact, it’s a potpourri of social media, video,... Read the Full Story |
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Retail/Wholesale | | Pride Cometh Before The Fall For Shoe Carnival
To look at the pre-market action you’d think Shoe Carnival (NASDAQ:SCVL) just died. The stock is down more than 12% putting it deep into correction territory and well on its way to a bear market. But that’s not what’s happening. The e... 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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Markets | | A 7% rally had shares of Zendesk (NYSE: ZEN) among the best-performing stocks on Tuesday and helped propel them to all-time highs. They’ve rallied 20% in the past week and are up a full 110% since the lows of Q1. Though perhaps lesser well known and not as flashy as many of their Silicon Valle... Read the Full Story |
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Retail/Wholesale | |
Sometimes in life there are second chances. When it comes to stock trading this is often the case when a strong stock pulls back towards its 50-day moving average.
Shares of home furnishing retailer Kirkland's (NASDAQ:KIRK) appear to be bouncing back as quickly as they declined - and investors ma... Read the Full Story |
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Medical | |
It's easy to brush aside a small firm as a bad investment. It's even easier when it's a small pharmaceutical firm. But what would you say to a small pharmaceutical that's increased its value five-fold in the space of as many years? That's the proposition you get with Corbus Pharmaceuticals (NASDAQ... Read the Full Story |
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Markets | |
Data analytics firm Alteryx (NYSE: AYX) stock took a shocking collapse on its Q2 2020 earnings release shaving more than (-35%) off its share price in the following two-days. Their analytics processing automation (APA) platform experienced churn in organizations with under $100 million in annual s... Read the Full Story |
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Finance | | The S&P 500 (NYSEARCA: SPY) has hit two of three upside targets outlined a few weeks ago in MarketBeat original article “S&P 500 in ‘Fake it Til You Make It’ Melt-up Trajectories”. The market has shunned off any skepticism as optimism for a COVID-19 vaccine and dovish... Read the Full Story |
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The Early Bird Stock Of The Day First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally. This segment also provides closing and/or escrow services; products, services, and solutions to mitigate risk or otherwise facilitate real estate transactions; and appraisals and other valuation-related products and services, lien release and document custodial services, warehouse lending services, default-related products and services, document generation services, mortgage loans subservicing, and related products and services, as well as banking, trust, and wealth management services. In addition, it accommodates tax-deferred exchanges of real estate; and maintains, manages, and provides access to title plant data and records. This segment offers its products through a network of direct operations and agents in various states and in the District of Columbia, as well as in Canada, the United Kingdom, Australia, New Zealand, South Korea, and internationally. The Home Warranty segment provides home warranty products, including residential service contracts that cover residential systems, such as heating and air conditioning systems, and various appliances against failures that occur as the result of normal usage during the coverage period. This segment operates in various states and the District of Columbia. The company was founded in 1889 and is headquartered in Santa Ana, California. | | View Today's Stock Pick |
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