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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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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Basic 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 | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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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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Utilities | |
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 | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Medical | |
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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Industrials | |
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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