Good MorningEquities were able to hold their ground again on Thursday marking the 10th consecutive trading day at current price levels. If the index can maintain this level into the close of action today it could lead to a big rally next week. The technical outlook for the S&P 500 suggests another 400 points worth of rally is still ahead or 8.5%. Needless to say, that would make another all-time high in 2021 but there is a risk.
With the Thanksgiving Holiday upon us holiday trading conditions are ruling the market. This means lighter than average volumes and the possibility of increased volume. Next week the market will have a raft of economic data to process. The first read on Q3 GDP is due out on Wednesday and includes several key pieces of economic data.
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Sometimes a bottom must be reached in order for growth to occur. That’s what a handful of S&P 500 companies are hoping as they look ahead to the new year.
It’s been another memorable record-setting year for the U.S. stock market. For some stocks, however, it’s been a year to... Read the Full Story |
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Markets | | | The global e-commerce market is expected to grow at a CAGR of 22.9% from 2020 to 2027, and when you stop to consider how the pandemic has accelerated the widespread adoption of online shopping, that estimate might be on the conservative side Read the Full Story |
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Politics | | | The Biden administration is taking steps to help distribute several billion dollars in aid for winter heating and utility bills, an unprecedented sum that comes largely from its $1.9 trillion coronavirus relief package.
The package provided an additional $4.5 billion for the governmen... Read the Full Story |
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Markets | | | CVS Health will close hundreds of drugstores over the next three years, as the health care giant adjusts to changing customer needs and converts to new store formats.
The company said Thursday that it will close about 300 stores a year for the next three years, nearly a tenth of its r... Read the Full Story |
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Markets | | | There are plenty of ways to allocate a portfolio, including the core-and-explore approach. This investment philosophy combines the best traits of index funds with the added benefit of theme, sector or actively managed funds. Read the Full Story |
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Value Stock BJ’s Wholesale Club Rockets Higher
After several years of robust growth, the pandemic tailwinds, and many articles from us the market has finally caught on to the fact BJ’s Wholesale Club (NYSE: BJ) is a buy. Not only is it well-positioned within the big-box membersh... Read the Full Story |
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Politics | | | President Joe Biden’s choice to run one of the agencies charged with overseeing the banking industry faced sharp questioning Thursday from Republican Senators, who tried to label Saule Omarova as someone who would nationalize the U.S. banking system Read the Full Story |
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Markets | | | Albertsons, Mondelez and Kroger are among a wide range of companies whose profits could be squeezed from rising food prices if inflation keeps running hot.
So far grocery stores, restaurants and food producers have passed along much of inflation's impact to consumers, who have eaten m... Read the Full Story |
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Markets | | | Starbucks and Amazon are teaming up on a grab-and-go store format.
The Seattle-based companies will open their first Starbucks Pickup with Amazon Go location on Thursday in New York. At least two more New York stores are planned for next year.
The stores offer the full ... Read the Full Story |
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Markets | | | Williams-Sonoma (NYSE: WSM) reported another quarter of above-expected growth proving once again the combination of its brands, merchandise, and eCommerce is a force consumers cannot resist. Oddly, the market was expecting even more and has sent shares prices down more than 5.0% in after-hours trading. Read the Full Story |
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The Early Bird Stock Of The Day Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington. | | View Today's Stock Pick |
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