Good MorningStocks pulled back from their highs on Thursday while investors wait on the details of President-Elect Biden’s COVID relief plan. The plan is expected to include another round of individual stimulus checks but faces stiff opposition in Congress. With only the narrowest of majorities in both the House and the Senate Democratic leaders will need the aid of Republicans to pass any major legislation.
Friday marks the kickoff of peak earnings season. Reports from JP Morgan Chase, Wells Fargo and Citigroup are all expected to move markets on better than expected earnings and positive guidance. The big banks are expected to have returned to YOY growth in the 4th quarter of 2020 setting them up for increased buybacks and dividends in 2021. The risk is the same as it has been, if the banks fail to impress the market there is a risk for a market correction.
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Energy | | Exxon’s 7% Yield Is A Good Way To Play The Energy Rebound
Energy and the energy complex began to emerge as a rebound story in late 2020. After years of sluggishness the price of oil was creeping higher, the EIA forecast for 2021 prices was bullish, as is the forecast for demand. Add to this ... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Technology | |
Cloud storage platform Dropbox (NASDAQ: DBX) stock has been elevated on takeover speculation that started in December 2020. The Company has grown it’s registered user base to over 600 million worldwide spanning over 180 countries. The pandemic has accelerated the need for backing up data, fu... Read the Full Story |
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Energy | |
Much has been made about the implications of the so-called Blue Wave government on global politics and economic activity. After the Democrats wrangled control of the Senate by the slimmest of margins, many investors are wondering how to reposition their portfolios to capitalize on the potential fo... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Consumer Discretionary | |
On the surface, it could be forgiven for being skeptical of GameStop's (NYSE:GME) chances of survival even before 2020 ran roughshod over retail. Now, however, the company has seen incredible gains in its stock—yesterday the company was up 94% at one point—and briefly stood at a five-y... Read the Full Story |
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Markets | | Ethereum Ushers In A New Age Of Fintech
The rise of cryptocurrency prices has also brought a rise in volatility. What is up double or even triple digits today may be up more, or down a comparable amount, the next. And Ethereum (ETH) is not immune to this phenomenon but that doesn’t mean you s... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Consumer Staples | |
When you stop to think about just how important food production is for the civilized world, it’s easy to recognize the value in agriculture stocks. These are companies that provide agricultural products and services such as fertilizers, livestock, pesticides, and more. With that said, many i... Read the Full Story |
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Finance | | Charles Schwab (NYSE: SCHW) is set to report its Q4 earnings tomorrow. The company looks like it will close 2020 with a strong quarter, but 2021 should be even better.
For Schwab, 2020 was a tale of two halves:
In the first half, shares plummeted nearly 30%. But in the second half, shares soared b... Read the Full Story |
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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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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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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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