Diamondback Energy Rallies Post-Breakout, Ahead Of Nov. 1 Earnings Report. Global stocks mixed after Wall St rise, weak Japanese trade. Asian stocks mixed after Wall Street rises for 5th day.
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The Early Bird Newsletter

Wednesday, October 20th

S and P pricesDow pricesQQQ prices
Good Morning

Equities continued to rebound on Tuesday with the S&P 500 up more than a half of a percent at the high of the session. The move has the index within a quarter percent of the all-time high and a new all-time high could be set this week. The reason is better than expected earnings from key index members such as Johnson & Johnson. Johnson & Johnson reported better than expected revenue and earnings and raised guidance for the year sending its shares up more than 2.5%.

Wednesday’s trading should be more of the same with reports from Netflix, Abbott Laboratories, and The WD-40 Corporation to lift sentiment. If the index sets a new all-time high it will likely attract new money and send the market even higher, if not investors may need to prepare for another round of selling. While the average S&P company is beating their consensus estimates results are not even across the 13 S&P sectors.

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Markets

Diamondback Energy Rallies Post-Breakout, Ahead Of Nov. 1 Earnings Report

Diamondback Energy (NASDAQ: FANG) may be setting up for a fresh round of gains after resetting its base count in August. It cleared a first-stage, cup-shaped base on October 5, and has been trending higher since then. 

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Markets

Global stocks mixed after Wall St rise, weak Japanese trade

Global stock markets were mixed Wednesday after Wall Street advanced on strong corporate earnings and Japanese exports weakened. London and Shanghai declined while Tokyo and Frankfurt advanced. The future for Wall Street's benchmark S&P 500 index was off less than 0.1% after five ...

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Politics

Asian stocks mixed after Wall Street rises for 5th day

Asian stocks rose Wednesday after Wall Street advanced for a fifth day on strong corporate earnings. Shanghai, Tokyo, Hong Kong and Sydney advanced. Seoul declined. Wall Street's benchmark S&P 500 index rose 0.7%, propelled by health care and tech stocks. ...

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Markets

3 Analyst Favorite Stocks to Buy Now

Having conviction in a stock is a lot easier when you know that some of the best and brightest equity analysts on the street have recommended it. While you should never invest in a company solely based on an analyst report, it does pay off to use them for research purposes and to learn more about a ...

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Markets

SolarWinds Stock is Ready to Rebound

Enterprise information technology giant SolarWinds Corporation (NYSE: SWI) stock has been recovering from the infamous SUPERNOVA hack disaster nearly a year ago. Shares are still trading down (-35%) on the year, which leaves more upside for patient investors. The Company is a poster child of misma...

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Politics

Study: Fossil fuel plans would far overshoot climate goals

A U.N.-backed study has found that the world needs to cut by more than half its production of coal, oil and gas in the coming decade to maintain a chance of keeping global warming from reaching dangerous levels

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Politics

Former Calif. regulator tapped to run highway safety agency

A former California pollution regulator is being nominated to run the nation's highway safety agency. President Joe Biden on Tuesday announced his intention to nominate Steven Cliff, who has served as deputy administrator of the National Highway Traffic Safety Administration since Fe...

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Politics

Businesses nervously await fine print of vax-or-test rule

More than six weeks after promising a new vaccination-or-testing rule covering the millions of Americans at companies with 100 or more workers, President Joe Biden’s most aggressive move yet to combat the COVID-19 pandemic is almost ready to see the light of day. An obscure White Hou...

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Markets

Afraid of Making Poor Money Moves? Use Psychology to Predict Your Financial Behavior

It's always fun to use "reverse" psychology on your kids: "Don't you dare clean your room!" Sure enough, they run up the stairs, laughing hysterically, to make their beds and shove half of their toys in the closet. If only it was that easy with money: "Don't you dare spend too little this month!"...

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Stocks

International Paper Stock Should be on Your Shopping List

Global paper products giant International Paper (NYSE: IP) stock peaked at $61.80 on June 4, 2021, before falling to $51.89 lows. Demand for renewable fiber-based packaging, pulp, and paper products continues to accelerate causing a divergence in share prices. The pandemic was a boon for Internati...

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The Early Bird Stock Of The Day

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Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.

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