Good MorningThe equities market came back from a losing week in good form. The major indices gained 0.50% to 1.5% with tech in the leading on rising stimulus bets. The incoming Biden administration is pushing for another round of individual checks that would be the largest payment to-date. There is still a long way for lawmakers to go but with both the House and Senate in Democratic control, some further amount of stimulus is more than likely.
The VIX Is often an indicator of future price movement and it may be giving an important signal now. The VIX is edging higher even while the S&P 500 moves higher suggesting investors fear a sell-off. In a technical sense, the chart of the VIX is very bullish which is bad for the market. The index is forming a strong level of support at the new, elevated levels with indicators that are throwing off bullish signals. In short, the VIX may indicate a market waiting for an excuse to sell.
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Energy | |
A glance at the S&P 500 stocks that are out of the gates fast this year reveals some unfamiliar names. Six of the top 10 are members of an energy sector that suffered a historic plunge in 2020.
While plenty of uncertainty remains around a sustainable rebound in demand, investors seem to be po... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
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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Medical | |
If investors needed a reminder that the healthcare industry will always play a critical role in financial markets, 2020 provided just that. As the global pandemic derailed the world’s economy and caused the biggest health crisis of our lifetimes, these companies helped to restore confidence ... Read the Full Story |
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Consumer Discretionary | |
Netflix (NASDAQ:NFLX) has been a stock that investors love to hate. Even when the company was posting beat after beat in its 2020 earnings reports, the stock almost like clockwork would fall. However as Netflix gets ready to post earnings for the fourth quarter, there seems to be a change in senti... 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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Retail/Wholesale | | A Make Or Break Quarter For Canada Goose
Canada Goose (NYSE:GOOS) is an interesting play on the consumer for many reasons. Not only is it a luxury apparel manufacturer but it is also a seasonal play that is coming up on a hurdle, the Q3 earnings report. The report isn’t expected to be awesome... Read the Full Story |
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Technology | | Logitech Is A Perfect Stock For The New Age
The pandemic, as tired as I am of talking about it, ushered in a new age for many Americans. The switch to work-from-home, stay-at-home, play-at-home not only put a heavy demand on the tech industry but proved to us all that tech works. That demand is dri... 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 | |
Freshpet (NASDAQ: FRPT) reported its preliminary fourth quarter numbers on Wednesday; the refrigerated pet food company is expecting net sales to be $84.5 million and adjusted EBITDA to come in at $12 million. Wall Street, however, had been expecting $88.4 million in revenue and $14.7 million in a... Read the Full Story |
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Consumer Staples | | Beyond Meat (NASDAQ: BYND), a provider of plant-based meat alternatives, surged more than 18% last week, with word of a new Taco Bell menu item accounting for most of the move. After quadrupling between March and October 2020, Beyond Meat lost nearly half its value in three months.
Beyond Meat is a... Read the Full Story |
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Consumer Discretionary | | With upwards of an 80% run since the start of November, shares of high-end fashion name Ralph Lauren (NYSE: RL) are acting more like a tech stock than a brick and mortar focused retailer in recent weeks. Indeed, over that timeframe they’ve easily outperformed the tech focused NASDAQ 100 index,... Read the Full Story |
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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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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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The Early Bird Stock Of The Day Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to automotive, logistics, consumer electronics, medical-related, semiconductor, consumer products, food and beverage, and others, as well as through a network of distributors and integrators. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts. | | View Today's Stock Pick |
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