Good MorningEquities bounced back on Tuesday to confirm support in the S&P 500 at the 4,300 level. With support now confirmed for the third time, it looks like the correction is over but the market is not yet out of the woods. There is a major economic report due out on Friday as well as the peak of Q3 earnings season still ahead of us. The NFP report could easily spark another rally in the market, the risk is that at such lofty valuations the S&P 500 are still vulnerable to a sell-off.
That sell-off could come within the next four weeks. The outlook for S&P 500 earnings continues to sour and is a leading driver of price action. If the earnings season puts too big a dent into market sentiment the S&P 500 will likely enter a prolonged period of selling that may last until there is more clarity in the earnings picture.
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Finance | |
In many ways, history is the best guide we have when it comes to stock investing. It teaches us what went right and what went wrong for a particular company. Moreover, investors who study stock charts rely heavily on historical patterns.
Whether it be seasonality in a business, technical trendlin... Read the Full Story |
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From Our Partners | | Porter Stansberry believes President Trump will use the December G20 Summit in Miami to unveil a radical monetary reset tied to executive order 14241 - one he says could draw a sharp dividing line between prepared investors and those left behind.
The last time America reset its money - under Nixon in the 1970s - it produced an average of 1,300 new millionaires per day for over 50 years. Stansberry's new documentary names a core group of assets he believes are positioned to surge as Trump's new dollar rolls out.
Watch Porter Stansberry's full briefing and get his three steps to prepare before December. | | Watch Porter Stansberry's full briefing and get his three steps to prepare before December. |
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Real Estate | |
During the stock market’s stunning rally off the March 2020 bottom, there have been several corrections or “dips” along the wide. These have ultimately been perceived as buy opportunities and subsequent waves of buying have repeatedly pushed the major indices to new heights in 20... Read the Full Story |
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Consumer Staples | |
PepsiCo Strategy Is Working, Let It Work For You
PepsiCo's (NASDAQ: PEP) Q3 results confirm a couple of things. Among them are widespread impacts of global supply chain issues but also the company's ability to navigate through those issues and still produce earnings growth. PepsiCo’s Faster... Read the Full Story |
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From Our Partners | | On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no debate, no vote, one executive order. Gold tripled within three years and climbed 20x over the following decade.
Trump holds that same executive authority today, and his advisors are openly saying a reversal is on the table. There are two ways this plays out - both move gold in the same direction.
A free briefing breaks down exactly what Nixon did, why Trump is positioned to act, and how to move your 401k into gold before any announcement - tax free. | | Request the free guide in 30 seconds and get positioned now |
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Energy | |
Supply Chain Woes Or Opportunity?
With the S&P 500 gripped with fear and deep into a corrective action a question on the minds of many investors is where to put money in Q4. While the market is plagued by woes stemming from rising fuel costs, raw material inflation, freight shortages, and la... Read the Full Story |
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Industrials | |
When Business Is So Good ...
Downgrades aren’t events we relish in the stocks we follow but they do often present opportunities that can be used to advantage. Take, for instance, downgrades driven not so much by a deterioration of business but by the size and scope of that business. In tod... Read the Full Story |
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Normally $29.97, it's available free for a limited time. Download it now and run it before every trade. | | Download the Smart Trade Options Checklist free before the link expires |
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Markets | | If you’re looking for an industry that is set to thrive following the pandemic, regional banks are a great area of the market to check out. Companies operating in the sector tend to be more sensitive to economic activity and upticks in loan activity, which both should be bouncing back in the c... Read the Full Story |
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Markets | |
What does it take to save enough for retirement? Does it take Buffett-level knowledge of the markets? An uncanny ability to understand dividend income?
Not necessarily. It takes just some basic knowledge and dedication (and a little bit of know-how) to successfully save for retirement.
You mig... Read the Full Story |
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Consumer Discretionary | |
Sporting goods retailer Big 5 Sporting Goods (NASDAQ: BGFV) shares have been both a pre and post-pandemic winner as shares ground to multiyear highs $37.75 on June 3, 2021 and has since been pulling back. The pullbacks have dropped its price-earnings (P/E) ratio to just under 6. Sports and athleis... Read the Full Story |
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Markets | | Entertainment products and content company Hasbro, Inc. (NYSE: HAS) shares spiked as high as $104.89 on an impressive Q2 2021 earnings release but have since cratered over (-10%) on fears of supply chain disruptions. The Company finally turned around its divisions as all three segments showed growth... Read the Full Story |
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Communication Services | |
WallStreetBets has been a popular forum for retail investors since 2010. The group (known as a subreddit) shares a common passion for high-risk trades which frequently includes focusing on stocks with a high short-selling risk. This group became a household name in 2020 and that’s why Market... Read the Full Story |
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The Early Bird Stock Of The Day Banco Bilbao Vizcaya Argentaria, S.A. provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance. It provides insurance and asset management business, including corporate, commercial, SME, payment systems, retail, private and investment banking, pension and life insurance, leasing, factoring, and brokerage. The company provides its products through online and mobile channels. Banco Bilbao Vizcaya Argentaria, S.A. was founded in 1857 and is headquartered in Bilbao, Spain. | | View Today's Stock Pick |
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