Good MorningU.S. equities continue to drift higher with the S&P 500 and Dow Jones Industrial Average edging up to set new all-time highs on Tuesday. The move was driven by earnings as much as anything else but consumer confidence figures played a role. Consumer Confidence rose unexpectedly by 400 basis points in October despite mounting headwinds for the economy. What this means for businesses is that price-pass-throughs are being accepted and the consumer is still asking for more. In terms of S&P 500 earnings, this is very good news indeed.
Action will heat up later in the week with reports from many of the big tech names that have been driving the market for the past few years. In addition, Friday’s PCE price index promised to add a bit of volatility as well. The consensus is calling for consumer-level inflation to subside but anecdotal evidence suggests inflation accelerated in October and will continue to accelerate into the end of the year.
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Technology | |
Cadence Design Systems (NASDAQ: CDNS) jumped more than 4% higher mid-session Tuesday, following the company's better-than-expected third-quarter report.
The maker of electronic design software earned $0.80 per share on revenue of $750.9 million. Those were year-over-year increases of 14% and 13%,... 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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Markets | |
It's easy to get into the habit of only thinking about long-term investing strategies. After all, how many articles have you read about the importance of saving for retirement? Your company puts on retirement seminars, your financial advisor starts conversations with, "Let's take a look at your re... Read the Full Story |
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Materials | |
Sherwin-Williams Proves Its All Relative
Sherwin-Williams (NYSE: SHW) share prices are moving sharply higher despite a lackluster Q3 earnings report and guidance and the reason is simple. The mixed results were expected given similar performances from competitors PPG Industries and RPM Internati... 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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Energy | |
Oil giant Exxon Mobil (NYSE: XOM) stock has rebounded with energy prices as the post-pandemic reopening continues to accelerate. The return to work and travel trend has been driven by the acceleration of COVID vaccinations, which in turn has driven up crude oil prices to multi-year highs. With ren... Read the Full Story |
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Communication Services | |
Investment income is hard to come by these days. The 10-year Treasury yield has crept higher but still offers a measly 1.6% yield. Investment-grade corporate bond issuers aren’t much more generous.
This has left many investors venturing out along the risk spectrum in search of lower-risk eq... 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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Healthcare | |
Investors who place value on insider trading activity often focus on major one-time transactions. These can come in the form of a large dollar amount, or a trade placed by a prominent company executive or institution.
The approach certainly has its merits, but there is another way to derive value... Read the Full Story |
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Technology | |
Innovative platform, high-profile partnerships, and explosive earnings growth make Crowdstrike a top cybersecurity play
It’s easy to recognize the growth potential in top cybersecurity stocks like Crowdstrike Holdings (NASDAQ: CRWD), as these companies are providing one of the most importa... Read the Full Story |
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Consumer Discretionary | |
After spending most of 2020 enjoying the title of “best COVID stock to own this year”, shares of Peloton Interactive (NASDAQ: PTON) have spent most of 2021 learning what it’s like to trade in a more normal environment. While they’re still 300% higher than where they IPO&rsq... Read the Full Story |
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Materials | |
Packaging Corporation Of American Widens Margins
Packaging Corporation of America (NYSE: PKG) is not immune to the effects of the global supply chain disruptions but it is navigating the environment well. The company reported significant hurdles to revenue and earnings in the form of freight ava... Read the Full Story |
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Consumer Discretionary | |
Inventory Is The Flexsteel Advantage
Flexsteel (NASDAQ: FLXS) and the rest of the furniture industry have been working hard to improve their supply chains. That’s not a surprise, the world is struggling with supply chain issues right now, but you may be surprised to know this has been going... Read the Full Story |
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The Early Bird Stock Of The Day RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity. The Risk & Business Analytics segment provides customers with solutions and decision tools that combine public and industry specific content with advanced technology and analytics to assist them in evaluating and predicting risk and enhancing operational efficiency. The Legal segment is a global provider of legal, regulatory and business information and analytics that helps customers increase productivity, improve decision-making and outcomes and advance the rule of law around the world. The Exhibitions segment is an event business, enhancing the effect of face-to-face through data and digital tools. The company was founded by Albert Edward Reed in 1903 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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