Good MorningStocks fell to end the week on Friday with most major indices in negative territory at the end of the day. The move comes just a day after President-elect Biden revealed his plan to heal the economy and the onset of bank earnings. The banks are reporting better than expected results as a group but results are mixed. JP Morgan Chase beat on the top and bottom lines after releasing nearly $2 billion in capital reserves. Citigroup, on the other hand, only beat on the bottom line.
Looking to next week, the market could be in for a bit of a wild ride. The Q4 earnings season kicks into high gear with reports from dozens of America’s smaller banks as well as some higher-profile names. Reports from JB Hunt, Netflix, and Intel will be closely examined for any signs of weakness in the overall recovery and could lead to volatile trading conditions.
Featured: The case for trading fewer setups, not more (Ad) 
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Markets | |
It’s no secret that electric vehicle companies have been performing extremely well in the market lately. We’ve reached a point where anything EV-related is catching a bid, which can make it difficult for long-term investors that are interested in finding companies in the sector that ha... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Transportation | |
At one time, choosing between Delta Air Lines (NYSE:DAL) and Southwest Airlines (NYSE:LUV) was like fishing in a barrel. These have been two of the strongest, well-run airlines for investors. And heading into 2020, it looked like clear skies were ahead for the airline sector.
We all know what hap... Read the Full Story |
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Multi-Sector Conglomerates | |
The recent confirmation of the Blue Wave U.S. government thrust cannabis stocks back into the spotlight. Now with an increased chance that both medical-use and recreational cannabis could be legalized nationwide, traders are scurrying again to scoop up cannabis-related stocks.
Nowadays there are ... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Markets | | The Top Three Defi Applications For Investors
Defi or decentralized finance is the next generation for the cryptocurrency market and investors. Also known as smart contracts, defi is a means of locking value into a blockchain and then leveraging it for profits. Defi applications run the gamut of fi... Read the Full Story |
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Consumer Staples | | Agriculture producer Village Farms International, Inc. (NASDAQ: VFF) stock fits almost perfectly into the popular environmental, social and governance (ESG) investment theme. The Company has expanded from simply growing greenhouse vegetables to operating a 7 megawatt clean energy power plant while s... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Technology | | Progress Software Gives Mixed Guidance, Shares Fall
Progress Software (NASDAQ:PRGS) is well-positioned for 2021 as the purveyor of business applications and related solutions. The company experienced a small hiccup during the middle of 2020 but that is no surprise. The downturn in economic activity... Read the Full Story |
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Finance | | Another Blowout Quarter For JP Morgan
The entire banking sector began moving higher late in 2020 following the Fed’s stress tests. While some banks were found deficient others, like JP Morgan Chase (NYSE:JPM), were not. The Fed allowed the best-capitalized banks to resume their buybacks and e... Read the Full Story |
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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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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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The Early Bird Stock Of The Day Floor & Decor Holdings, Inc. engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA. | | View Today's Stock Pick |
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