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.
Featured: Buy Nvidia? See this AI Forecast… (Ad) 
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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 | | What I bought is tokenized gold. Real gold in a professional vault… held as a digital token in a wallet only I control. Now compare that to how most people own gold. You call a dealer and pay a premium over the gold price. You wait for it to ship… then you find somewhere to hide it.
And when you want out? It gets worse. Buy a 1 oz gold coin from a dealer and sell it back, and about 4% to 8% of your money is typically gone. Plus, physical gold holders wait days for dealers to verify the gold and pay them.
Tokenized gold? You can sell it any hour, any day, even on a Sunday night, for a small trading fee. So when you need your money, which would you rather own? Gold that takes days to sell… or gold you can sell in seconds? | | Click here to see how tokenized gold works. |
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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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From Our Partners | | Jeff Brown, founder and CEO of Brownstone Research, says he has uncovered what he calls one of the biggest discoveries of his career tied to the ongoing AI boom.
Brown is pointing to a key date, October 20, and is highlighting five AI-related opportunities outside the traditional stock market that most investors have never heard of. | | Click here to see the full research before October 20 |
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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 | | For decades, Americans have relied on the 401k to build retirement savings. Marc Chaikin, a Wall Street veteran, says that era may be shifting.
He calls it the 401ai approach, a new way of thinking about investing that brings artificial intelligence into the picture. | | See how Marc Chaikin's 401ai approach works today |
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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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