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.
Featured: Elon’s big $266,000 per second purchase (Ad) 
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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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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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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 | | 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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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 | | 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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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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