Good MorningThe major indices reversed Tuesday’s gains posting massive losses across the board. The tech-heavy NASDAQ Composite shed more than 3.0% by the end of the day with heavy losses in the FAANG names. Even so, the technical picture continues to show signs of bottoming as the 3rd quarter earnings season gets underway. Today’s action failed to set new lows and the indicators reveal underlying market strength through divergence.
Divergence is an important term for technical analysts. When momentum indicators like MACD or stochastic fails to make a new high or new low along with the underlying market is very telling. In the case of new highs, a divergence is a sign of underlying weakness that can lead to pullback or correction. In the case of new lows, divergence is a sign of underlying market strength and the potential for bottoming.
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Finding a great dividend stock to hold in your portfolio over the long-term can be a challenge in today’s market. With many companies cutting their payouts or at risk of doing so shortly, the degree of difficulty for dividend investors has gone up thanks to the pandemic and its impact on cor... Read the Full Story |
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From Our Partners | | I made a mistake.
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After last quarter’s earnings report, you can’t fault investors for applying the “once you’re lucky, twice you’re good” mantra to Rite Aid (NYSE:RAD) stock. The company was clearly a pandemic winner. Drugstores were deemed to be essential businesses during the l... Read the Full Story |
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A lot of people have been following the healthcare market these days, if for no other reason than they now have a deeply personal connection to it thanks to Covid-19. But healthcare is more than one disease, as many hospitals discovered during the early days when few procedures were allowed to tak... Read the Full Story |
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From Our Partners | | How to Collect Up To $5,917/mo From Trump's Made In USA Boom
Thanks to President Trump's America-First policies, a historic wave of investment is flooding back into the United States: Apple committing a colossal $500 billion to build new U.S. factories. Microsoft injecting $80 billion into domestic manufacturing. Nvidia moving critical chip production back to America.
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Markets | | | Factset Research Systems (NYSE:FDS) may be one of the most under-loved U.S. mid-cap stocks—and this could be a good thing. The maker of analytical software for investment professionals has some of the best growth metrics in the information services space, Read the Full Story |
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Markets | | | Fast food restaurant chain The Wendy’s Company (NYSE: WEN) shares sold off with the S&P 500 index (NYSEARCA: SPY) during the pandemic plunge commencing in late February 2020. Shares were able to recover back to pre-COVID highs but formed a double-top at the $23.98 price level. Shares are c... Read the Full Story |
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From Our Partners | | The Tesla Shock Nobody Sees Coming
While headlines scream "Tesla is doomed"...
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One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd. | | Click here to see the Tesla shock that could blindside everyone. |
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The Early Bird Stock Of The Day Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces motorcycles, including sports, business, and commuter models; and various off-road vehicles, such as all-terrain vehicles and side-by-sides. The Automobile Business segment offers passenger cars, light trucks, and mini vehicles. The Financial Services Business segment provides various financial services, including retail lending and leasing services to customers, as well as wholesale financing services to dealers. The Power Product and Other Businesses manufactures and sells power products, such as general purpose engines, lawn mowers, generators, water pumps, brush cutters, tillers, outboard marine engines, and snow throwers. This segment also offers HondaJet aircraft. The company also sells spare parts; and provides after-sale services through retail dealers directly, as well as through independent distributors and licensees. Honda Motor Co., Ltd. was founded in 1946 and is headquartered in Tokyo, Japan. | | View Today's Stock Pick |
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