Good MorningThe equity markets continue to drift in the face of growing uncertainty. Not only is the fate of the American economy in question but so is the expectations for earnings. The Q4 earnings season is expected to show a sequential improvement from the prior period which is a good thing. The bad news is that the consensus estimates have trailed prices and has the market set up to beat a very low bar. If the average S&P 500 company doesn’t beat consensus by a wide enough margin profit-taking and correction could begin.
Tech shares led in Wednesday’s action with the Intel posting the largest gains. The company says its long-time CEO will be stepping down after years of sluggish growth and market share loss. The incoming CEO is expected to revitalize the world’s largest independent microchip manufacturer, recapture lost revenue, and put the company back on a path to growth.
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With the multifaceted ways that technology continues to become integrated into our daily lives, entirely new industries are emerging. This is a trend that should continue as time goes on and reward investors that stay ahead of the curve. For example, there’s a new rapidly growing industry re... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Discretionary | | California-based electric vehicle (EV) manufacturer Canoo Holdings Ltd. (NASDAQ: GOEV) stock went public through reverse merger on Dec. 22, 2020. Shares are just starting to solidify a base after collapsing nearly (-50%). The Company is still in concept mode as it puts together an infrastructure and... Read the Full Story |
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Markets | | Acacia Communications: A Component Worth More Than The Total
Acacia Communiciations, Inc (NASDAQ:ACIA) made big headlines a week or so ago when it terminated a take-over offer from Cisco (NASDAQ:CSCO). The deal was set to close within the current quarter but Acacia pulled the plugged stating Cisco ... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Markets | | Electric vehicle (EV) manufacturer Arcimoto, Inc. (NASDAQ: FUV) stock is starting to awake after a month long range bound price compression. The momentum in EV stocks continues to accelerate as Tesla (NASDAQ: TSLA) shares continue to make new all-time highs even after being added to the benchmark S&... Read the Full Story |
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Consumer Staples | |
It would have been easy to succumb to despair this holiday season, and believe that little shopping would be done for gifts that weren't canned goods or toilet paper. Target (NYSE:TGT) bucked such a depressing trend in a very big way, and turned in a holiday shopping season that actually made the ... Read the Full Story |
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From Our Partners | | Porter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experiment called Project Prophet - and documented everything on film.
Rooted in the laws of physics, this quantitative approach challenges conventional wealth-building wisdom. With 17 years of verified data behind it, Porter calls it unlike anything he has seen in nearly 30 years in the business. | | Watch the full investigation and decide for yourself |
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Consumer Discretionary | | KB Homes Revenue Falls, Shares Rise
KB Home (NYSE:KBH) didn’t exactly have a great quarter and yet shares are rising. The company reported a double-digit decline in revenue that is driven more by the pandemic than by demand or business. If not for the hiccup in building, the supply chain disr... Read the Full Story |
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Markets | | IHS Markit Q4 Earnings Nothing To Write Home About
IHS Markit (NYSE:INFO) emerged as a pandemic winner over the summer for a couple of reasons that really don’t have much to do with the pandemic. The company isn’t a stay-at-home consumer goods retailer and it isn’t in the business... Read the Full Story |
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Industrials | | Yesterday’s 12% pop means shares of Upwork (NASDAQ: UPWK) are up close to 30% in 2021 already and closing at fresh all time highs. It’s not altogether that surprising of a start for the Santa Clara based company, whose shares managed to rally 700% from March of last year.
The latest mov... Read the Full Story |
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Finance | | BlackRock (NYSE: BLK), the largest asset manager in the world, has more than $7.8 trillion in assets under management (AUM). Nearly two-thirds of that figure is tied to index funds and exchange traded funds (ETFs). With passive investing all the rage these days and the market setting all-time highs,... Read the Full Story |
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Markets | | Special purpose acquisition company (SPAC) Foley Trasimene Acquisition Corp II (NYSE: BFT) plans to reverse merge with PaySafe, a global integrated payments platform and digital wallet in the first-half of 2021. After the merger, the new business combination will trade on the NYSE under the symbol P... Read the Full Story |
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The Early Bird Stock Of The Day The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders. This segment also provides irrigation and lighting products that consist of sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, coupling systems, and ag-irrigation drip tape and hose products, as well as professionally installed landscape lighting products offered through distributors and landscape contractors. The Residential segment provides walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solution products that include grass and hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, hoses, and hose-end retail irrigation products. It sells its products through a network of distributors, dealers, mass retailers, hardware retailers, equipment rental centers, home centers, and online. The company was founded in 1914 and is headquartered in Bloomington, Minnesota. | | View Today's Stock Pick |
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