Good MorningThe major indices wobbled a bit in early trading on Tuesday but soon stabilized and began moving higher. The move was supported by comments from Fed Chief Jerome Powell and Secretary of the Treasury Steven Mnuchin in testimony to Congress. The two say the economy is rebounding despite obvious risks and stand ready to add support as needed.
The S&P 500 advanced more than 1.20% by the end of the day but the tech-heavy NASDAQ Composite led the session. The index appears to be putting in a bottom after the rout in FAANG names that brought it down to correction levels. With the third-quarter earnings season at hand, the odds of a deeper correction are getting hard to judge. This week's reports from Nike, Costco, and Carmax will dominate the market’s attention, any signs of strength or weakness are sure to spur investor activity.
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Before 2020, SPACs, or Special Purpose Acquisition Companies, were considered to be high-risk investments due to a lack of financial history and a variety of challenges that the companies face to comply with the SEC after they start trading. However, we have seen a lot of renewed interest in SPACs... Read the Full Story |
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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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Transportation | | UPS Delivers eCommerce Gains
The chart of UPS (NYSE:UPS) looks like a stock about to pop. The stock has been trending in a tight range at an all-time high for weeks and the indicators are setting up nicely. Looking at the bigger picture, the fundamental story is more than bullish, and one that pro... Read the Full Story |
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Retail/Wholesale | | Walmart Has Corrected, It’s Time To Buy Some More
Shares of Walmart (NYSE:WMT) hit an all-time earlier this month driven by rising revenue, growing profits, and tailwinds from the pandemic. Since then, the stock has corrected more than 10% and offering up an attractive entry for long-term inv... 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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Medical | |
It’s hard to find a bullish argument for Aurora Cannabis (NYSE:ACB). ACB stock has fallen 74% for the year. And that’s not the worst news. The company’s stock has also fallen 16% since the middle of March at the onset of the pandemic.
And while the stock got one bounce of nearly... Read the Full Story |
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Retail/Wholesale | | In August, used car prices recorded their highest monthly gain since March 1969, with prices jumping 5.4% from July. Those gains followed a strong July, when used car prices increased 3.4% over June levels.
People are investing a lot of money into used cars, and automotive aftermarket parts supplie... 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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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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Retail/Wholesale | | 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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Aerospace | | 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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Auto/Tires/Trucks | | 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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Transportation | |
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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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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