Good MorningThe S&P 500 moved up to set a new all-time closing high on Tuesday after several better than expected economic reports were released. Topping the list is retail sales which advanced 1.7% at the headline and core levels, both 0.2% above consensus. Elsewhere in the economy, business inventories rose more than expected as did the NAHB Homebuilder’s index which both suggest supply chain disruptions are easing.
The caveat is that, with the retail sales figures at least, all of the gains are due to inflation. With retail sales rising 1.7% and inflation up 6.2% economic activity is not expanding. Today traders will be on alert for reads on Building Permits and Housing Starts as well as an earnings report from major retailer Target. Featured: The case for trading fewer setups, not more (Ad) 
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Technology | |
It takes all kinds to make the world of investing go round. You’ve got your traditional assets like stocks and bonds along with a growing list of alternatives. Within each asset class is further categorization by geography, sector, and style.
In the equity asset class, growth and value are ... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Technology | | A 8% move in Tuesday’s session was enough to make shares of chipmaker Qualcomm (NASDAQ: QCOM) one of the top-performing stocks in the S&P 500 index. It’s been a solid couple of weeks for the company, with their shares now up 50% since October. Considering Qualcomm’s stock was a... Read the Full Story |
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Technology | | Mid-cap Tenable Holdings (NASDAQ: TENB) is up 4.5% since reporting better-than-expected third-quarter results in late October.
The Maryland-based company provides cybersecurity solutions for enterprise clients internationally. It serves clients in a number of verticals, including automotive, build... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Consumer Discretionary | |
The last two years will be remembered as the retail revolution on Wall Street. The retail in this case isn’t referring to a physical or online storefront. Rather, it’s referring to retail investors who have decided that there is strength in numbers. And WallSreetBets is one of their mo... Read the Full Story |
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Markets | |
Retail investors are always looking for an edge in their investing or trading decisions. And it’s easier than ever for those investors to find that information. And, to be fair, there are many quality sites that investors can choose from. In fact, the sheer volume of investment services can ... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Markets | |
High-Quality REITs Can Be Great Core Holdings
Building a winning portfolio usually starts with finding a few core holdings that offer a history of reliability and consistent returns. These are stocks that investors can count on through thick and thin and provide the stability needed to confidentl... Read the Full Story |
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Auto/Tires/Trucks | |
Supercharged EV Startups Are Hitting High Gear
Everyone wants to find the next Tesla (NASDAQ: TSLA), which is certainly apparent given the recent price action for electric vehicle startups Lucid Group (NASDAQ: LCID) and Rivian Automotive (NASDAQ: RIVN). The share prices for both of these newer en... Read the Full Story |
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Retail/Wholesale | |
Walmart Slips After Strong Results
Walmart (NYSE: WMT) has been one of the biggest winners from the pandemic and it looks like those tailwinds continue to blow. The company reported its Q3 results blowing past consensus estimates and offering improved guidance but the shares are falling anyway. ... Read the Full Story |
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Retail/Wholesale | |
Home Depot Exceeds All Expectations
Shares of Home Depot (NYSE: HD) are moving higher in the wake of its 3rd quarter earnings and we are not surprised. The company beat the consensus on all metrics that count and provided a positive outlook for investors. The salient points are that tailwinds wi... Read the Full Story |
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Markets | |
Desktop Metal Falls To New Low
Shares of Desktop Metal (NYSE: DM) fell to new lows in the wake of the Q3 earnings report but it is setting up an opportunity for traders. The new low is driven more by short-sellers than results and the results are indicative of future growth. While the Q3 result... Read the Full Story |
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The Early Bird Stock Of The Day InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names. It also provides IHG Rewards loyalty program. InterContinental Hotels Group PLC was founded in 1777 and is headquartered in Windsor, the United Kingdom. | | View Today's Stock Pick |
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