Good MorningTraders hoping for a deeper market correction were disappointed on Thursday when the major indices bounced back and bounced back strongly. The S&P 500 led the gains with an advance near 1.35% with the Dow in close second and the NASDAQ Composite not far behind. The move was supported by news House Democrats would move forward with Covid-19 relief with or without help from their Republican counterparts.
In a technical sense, Thursday’s action in the indices was very bullish. The market recovered from a significant loss and confirmed support at a key level. The 30-day exponential moving average is a tool used by short-term traders to gauge the near-term direction of the market and it is moving higher. The bounce on Thursday should be regarded as a trend-following signal although there are risks remaining in the market.
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Finance | |
Given the recent spikes in volatility and declining market breadth, now is a great time to start thinking about which stocks you might be compelled to buy if the market enters a corrective phase. That way, investors can be prepared to take advantage of any significant declines in the share prices ... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Materials | |
For some investors the mid cap dividend space is a great place to find a mix of income and capital appreciation. These investments can be an even more appealing way to go if the company has a history of increasing its dividend payments.
Here we take a look at a few of these so-called mid cap divi... Read the Full Story |
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Consumer Discretionary | | A Short-Squeeze Of Epic Proportions In GameStop
I am sure by now that most people with an interest in the stock market or even just the news have heard a little about GameStop (NYSE:GME). The stock is more than 1,600% in about two weeks and there is really no telling where it may go from here. No, ... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | | With the eyes of both Wall Street and Main Street upon them, GameStop (NYSE: GME) has garnered far more attention in recent weeks than might be expected of a brick and mortar video game retailer. But when their daily volume exceeds that of Apple’s (NASDAQ: AAPL) on the same day that the latter... Read the Full Story |
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Technology | |
When you think of semiconductor stocks, some of the first names that come to mind probably include companies like Nvidia, Intel, and Qualcomm. While these popular names are a focus for many, sometimes taking time to explore the companies that aren’t as well-known can lead to stronger returns... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Markets | | Additive manufacturing 3D printing solutions company Desktop Metal (NYSE: DM) stock has recovered back through its reverse merger highs of $24.80 hit on Dec. 10, 2020. The Company reversed merged into special purpose acquisition company (SPAC) Trine Acquisitions to trade under the new symbol DM on D... Read the Full Story |
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Markets | | U.S. electric vehicle (EV) manufacturer Fisker Inc. (NYSE: FSR) stock went public through reverse merger with Spartan Energy Acquisition Corp. on Oct. 30, 2020. The fervor over special purpose acquisition companies (SPACs) and EVs reached a fever pitch on the rumor of luxury EV makers Lucid Motors p... Read the Full Story |
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Utilities | |
Shares of NextEra Energy Partners (NYSE:NEP) are trading down over 10% after reaching a 52-week high post earnings. The question is why? On January 25, the company reported revenue that fell short of analysts’ expectations but posted a significant beat in earnings. And after the earnings rep... Read the Full Story |
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Consumer Discretionary | | Cautious Or Not, Investors Are Not Happy With Starbucks’ Guidance
Shares of Starbucks (NASDAQ:SBUX) fell hard in the wake of the calendar Q4/fiscal Q1 earnings report. The primary culprit is the guidance. The guidance came in weaker than consensus in market expecting more than the consensus b... Read the Full Story |
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Communication Services | |
Looking at the results this quarter for AT&T (NYSE:T) demonstrates, and shockingly well, why having a company's fingers in a wide range of pies is such a worthwhile stance to take. While not all of AT&T's business went well, some parts did well enough by comparison to take up quite a bit o... Read the Full Story |
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The Early Bird Stock Of The Day Molina Healthcare, Inc. provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California. | | View Today's Stock Pick |
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