Good MorningThe S&P 500 marched upward to set another new all-time high in the wake of a Democratic sweep of Senate seats in Georgia. The index did not hold the gains, however, as mounting violence in Washington D.C. raised the specter of political instability. The National Guard was called in to tamp down violence associated with pro-Trump rallies and worse could soon follow. The S&P 500 closed up for the day but with half the gains it posted earlier in the session.
Despite the turmoil in Washington, traders have their eyes on the upcoming earnings season. The first reports for the calendar 4th quarter cycle are already in and point to another round of better than expected results. The risk for the market is that earnings strength may already be priced into the indices. If the average S&P 500 fails to beat by a wide enough margin a market correction could easily follow.
Featured: The trade Larry Benedict is watching before Nvidia reports (Ad) 
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Technology | | Cryptocurrency mining company Marathon Patent Group (NASDAQ: MARA) stock has exploded in the past few months thanks to the surge in Bitcoin (BTC) values. While there are a number of thinly traded blockchain ETFs, Bitcoin has yet to have an SEC approved tracking ETF. Mining rig component makers like ... Read the Full Story |
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From Our Partners | | Nvidia reports earnings Wednesday, August 26 the last of the seven AI giants to report this cycle. Larry Benedict says up to $22 trillion could move through markets once results land.
During a similar shift, 40% of workers over 45 delayed retirement by an average of four years, while three overlooked stocks climbed as much as 1,415%, 1,228%, and over 1,000%. | | Reserve your spot for the free AI Retirement Reset briefing |
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Markets | |
Walgreens Boots Alliance (NYSE:WBA) is expected to report solid earnings on Thursday, January 7. The consensus of analysts has the company delivering earnings of $1.02 per share on sales of $34.89 billion. The whisper number is suggesting even stronger profits of $1.11 per share.
On a year-over-y... Read the Full Story |
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Consumer Discretionary | |
If 2020 was Tesla's (NASDAQ:TSLA) big year, it's beginning to look like 2021's arrival won't short-circuit the company's ambitions that much farther. New reports suggest an analyst has a new Street-high price target on the company, backed up by a range of solid reasons. What's more, the rest of th... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Consumer Staples | |
Constellation Brands (NYSE:STZ) will report earnings before the market opens on January 7. The consensus of analysts is for the company to post earnings of $2.41 per share on revenue of $2.22 billion. On a year-over-year (YOY) basis, that would be a 20% gain in earnings.
That won’t necessar... Read the Full Story |
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Industrials | |
The Rally In The Greenbrier Is Over
The Greenbrier Companies (NYSE:GBX) gained about 40% since the July reporting season. What began as a short-squeeze turned into a moderately strong rally driven by the companies stability, the dividend, and the outlook for an economic rebound. Now, two quarters... Read the Full Story |
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From Our Partners | | Roger Scott just unveiled a day-trading tool designed to identify the first wave of institutional buying before a full order moves through the market - potentially in minutes.
On April 14th, the tool flagged early institutional buys on HOOD at 9:45 am, delivering a 24% return in 6 minutes. Minutes later, a signal on MSTR locked in a 33% return in 12 minutes. Free access is available now. | | Secure your free pass to the real-time institutional order tracker today |
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Materials | | RPM International Is Well-Positioned For 2021
Business at RPM International (NYSE:RPM) has been revving up since the calendar 2Q bottom and the outlook for 2021 is only getting better. The company is well-positioned for the coming year as a maker of specialty chemicals for industrial, commercial, a... Read the Full Story |
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Consumer Discretionary | |
We've heard a lot about the so-called "reopen" related industries such as energy, financial, travel, and leisure. When sentiment around an economic rebirth is positive, stocks in these groups have asserted market leadership in recent weeks.
One name that has gathered much attention is Dave & ... Read the Full Story |
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Industrials | | On December 29, Pitney Bowes (NYSE: PBI) announced that it is reinstating its 2020 holiday season pricing – effective January 25, 2021. The company cited labor and transportation costs, COVID-related costs, and an expectation that record delivery volumes would “continue well into 2021 an... Read the Full Story |
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Consumer Discretionary | | Iconic motorcycle manufacturer Harley-Davidson (NYSE: HOG) stock has gone through a rollercoaster 2020 but managed to recover back to pre-COVID levels heading into 2021. Outdoor leisure stocks have been pandemic winners in 2020 as COVID-19 restrictions prohibited conventional travel and vacation des... Read the Full Story |
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Materials | | Fast-casual restaurant franchisor FAT Brands Inc. (NASDAQ: FAT) stock has been in a solid uptrend since bottoming out at the height of the COVID-19 pandemic with the S&P 500 index (NYSEARCA: SPY). The asset-light operating model has kept the Company resilient during and through the pandemic. As ... Read the Full Story |
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The Early Bird Stock Of The Day Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada. Brookfield Renewable Partners L.P operates as a subsidiary of Brookfield Corporation. | | View Today's Stock Pick |
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