Good MorningInvestors cheered the inauguration of President Joe Biden for the stability he is expected to bring. The S&P 500 moved up nearly 1.5% to set a new all-time high and confirming the latest uptrend is still intact. The move was led by a 2.0% gain in the tech-heavy NASDAQ Composite that owes its strength to the FAANG names, Netflix the number one among them. The warning for investors is that technical signals reveal a weak and overextended market ripe for a correction.
Shares of Netflix helped lift the entire market after the company reported its calendar Q4 earnings. The company reported over 8 million new subscribers in the quarter bringing the total to over 200 million for the first time on record. The news is not only good for Netflix but proves the thesis that tech will be a winner in 2021.
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Energy | | Clean energy technology company Fusion Fuel Green (NASDAQ: HTOO) stock was reversed merged with a special-purpose-acquisition-company (SPAC) HL Acquisition and started trading on Dec. 24, 2020 under the current symbol. The Company utilizes proprietary technology to produce green hydrogen through the... Read the Full Story |
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From Our Partners | | SpaceX shed nearly 1 trillion dollars in market value within two weeks of its June IPO. It is not alone: Cerebras fell 42 percent in six weeks, Uber dropped 40 percent in six months, and Robinhood collapsed 85 percent in five months.
The pattern is consistent. Buying IPO hype on day one has repeatedly cost investors, while early access before a company goes public has been the more reliable path.
One analyst has identified a major AI company preparing for its IPO and a way to get positioned early. | | Click here to see the pre-IPO opportunity now |
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Communication Services | |
Did you know that the value of the global video games market is expected to reach $138.4 billion in 2021? It’s an industry that is seeing strong growth all over the world and offers some very intriguing investing opportunities at this time. Things have come a long way over the years since th... Read the Full Story |
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Technology | | Semiconductor company Advanced Micro Devices (NASDAQ: AMD) stock has been both a pandemic winner and a recovery play as it reached all-time highs in 2020. However, shares but have been struggling in 2021 with a (-3.82%) performance year-to-date (YTD) versus 1.2% for the benchmark S&P 500 index ... Read the Full Story |
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Markets | | Defi Is The Biggest Trend In Cryptocurrency
You may think that rocketing prices is the biggest trend in cryptocurrency this year but you’d be wrong, it’s defi. Rocketing prices are certainly something to get excited about but the underlying cause is defi. Defi, or decentralized finance,... Read the Full Story |
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Healthcare | |
It's one of the strangest phenomena in all of trading; sometimes a company can do well enough to beat estimates, but that's still not enough to give the company much of an edge in trading. That's what happened to UnitedHealth Group (NYSE:UNH) recently as it not only brought in beats in earnings an... Read the Full Story |
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From Our Partners | | On August 9, the Wall Street Journal profiled a unique AI strategy used by three companies. Whitney Tilson of Stansberry Research says one of them has returned more than Apple, Amazon, and the S&P 500 index combined in recent years.
One well-known Wall Street money manager reportedly has roughly half his entire fund in this stock. Tilson's free write-up names the company and ticker, with no subscription required. | | Click here to see the free stock report now |
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Industrials | |
United Airlines (NYSE:UAL) reports its fourth quarter 2020 earnings after the market closes on January 20, 2021. The airline is expected to deliver more of the same news that has defined the prior two quarters. That is, weak revenue and negative earnings.
However, like many airlines including Del... Read the Full Story |
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Industrials | | COVID-19 Underpins Fastenal Results
Fastenal (NASDAQ:FAST) reported an OK quarter but not a great one and one with a puzzling surprise. While the homebuilding market seems to be ramping up sales of fastener products are lagging. The good news for Fastenal is its diversified product line which inclu... Read the Full Story |
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Industrials | | Rising Costs Cut Into J.B. Hunt Profits
J.B. Hunt (NASDAQ:JBHT) and the entire trucking industry is at a crossroads. Rising demand is driving revenue gains across the industry while a shortage of drivers impairs profitability. The shortage of drivers is not only leading to under capacity within the... Read the Full Story |
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Consumer Discretionary | |
With more than an 8% pop on Tuesday, shares of General Motors (NYSE: GM) were among the best performing in the S&P 500 index on the day. We’re not even three weeks into the new year and already they’re taking the mantra “New Year New Me” to heart. By the time we were 19... Read the Full Story |
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Consumer Staples | | On November 6, Boston Beer (NYSE: SAM) closed at $1,062 a share. The company’s stock price had nearly tripled YTD, and was going sideways for a couple of weeks after a second consecutive post-earnings surge. But then, on November 9, the Pfizer (NYSE: PFE) vaccine news hit the airwaves. Boston ... Read the Full Story |
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The Early Bird Stock Of The Day Gartner, Inc. operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts. The Conferences segment offers executives and teams in an organization the opportunity to learn, share, and network. The Consulting segment offers market-leading research, custom analysis, and on-the-ground support services. This segment also offers actionable solutions for IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut. | | View Today's Stock Pick |
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