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.
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Markets | |
Our local grocery stores have faced extreme challenges during the pandemic trying to keep up with stockpiling consumers and increased demand for online orders. As a result, the grocery store stocks have been under investors' microscope lately.
And while profit margins are notoriously slim in the ... Read the Full Story |
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From Our Partners | | Three forces converged in 1776 to create the modern world - and according to Porter Stansberry, founder of one of the largest financial research firms in the world, they're converging again right now.
From government stakes in Intel, Lithium Americas, and MP Materials to sweeping political shifts, Stansberry says this 'New 1776 Moment' could reset the entire U.S. economic system. He's sharing the stocks to buy, the stocks to sell, and three money moves to position yourself ahead of it. | | Discover Porter Stansberry's full analysis and investment recommendations today |
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Finance | | Bitcoin tracking stock Grayscale Bitcoin Trust (OTCMKTS: GBTC) is an unofficial exchange-traded-fund (ETF) that invests in bitcoin through derivatives to track the price performance of bitcoin (BTC). Technically, the U.S. Securities and Exchange Commission (SEC) has yet to officially approve a bitco... Read the Full Story |
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Technology | | Residential real estate digital sales platform Opendoor Technologies, Inc. (NASDAQ: OPEN) has garnered just as much publicity for its special purpose acquisition company (SPAC) reverse merger listing as its product, which is similar to Zillow (NASDAQ: ZG) offering both residential home buyers and se... Read the Full Story |
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From Our Partners | | The move toward machine-driven work isn't one trade - it's spreading across industrial automation, warehouse robotics, robotic surgery, machine vision, and perception hardware simultaneously.
Seven stocks cover the full range: one semiconductor-test leader whose Q1 revenue climbed from $686M to $1.282B with zero debt, a warehouse robotics firm with a $22.7B backlog and its first GAAP profit, and the world's dominant robotic-surgery franchise now trading 31% below its 52-week high.
Get the full breakdown of all seven names, their catalysts, and key risks. | | Download your free copy of the robotics sector report today |
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Consumer Staples | |
With some concerning economic news this week including rising unemployment claims and sinking retail sales, it might be prudent to start considering stocks that should hold up well in a weak economy. The beauty of buying companies that are resilient during a recession is that they have a chance to... Read the Full Story |
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Markets | |
It was a quieter week in relative terms. Bitcoin was one of the biggest stories as cryptocurrency is drawing renewed interest from speculative investors. President-elect Biden announced plans for more stimulus which has investors cheering more liquidity in the market even as the number of virus ca... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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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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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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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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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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