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.
Featured: Live demo of Elon Musk’s AI agent (Ad) 
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Consumer Discretionary | |
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 | | Gold just broke another record - a classic flight-to-safety signal that the smartest money on Wall Street is already acting on. With the NASDAQ pricing in optimism over fundamentals and global tensions continuing to rise, a market correction could arrive without warning.
Our research team just released a free crash-protection guide identifying which stocks and sectors can hold strong even when the broader market crumbles. | | Download your free crash protection guide today |
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Auto/Tires/Trucks | | 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 | | OpenAI and Anthropic are moving closer to the public markets - and that shift could pull serious capital into AI infrastructure, chips, cloud, and data centers.
A fresh report breaks down 9 public AI stocks positioned to benefit before, during, and after this IPO wave - including a chip name tied to U.S. AI manufacturing, a cloud play with improving momentum, and a data analytics company with enterprise upside. | | Review the full 9-stock AI report and see who makes the list |
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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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Retail/Wholesale | |
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 | | In 1976, Chevron tapped an energy source with no fuel costs, no carbon, and no supply chain - then killed the project. Unocal and Texaco did the same. All three buried the results because it threatened their core business.
Now one company has spent sixty years developing what Big Oil refused to touch. Google locked in a 15-year contract, Bill Gates wrote a $100 million check, and on August 18th the government hands it a competitive edge no other energy source receives. | | Discover the company that spent 60 years proving this technology works |
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Construction | | 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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Technology | | 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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Holding & Other Investment Offices | | 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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