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.
Featured: Crypto Genius: Forget bitcoin – this will be so much bigger (Ad) 
|
Markets | | |
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 |
|
From Our Partners | | A Historic Gold Announcement Is About to Rock Wall Street?
For months, sharp-eyed analysts have watched the quiet buildup behind the scenes. Now, in just days, the floodgates are set to open. The greatest investor of all time could validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent — and four tiny miners could be your ticket to 100X gains. | | Click here to get Garrett’s Top Four picks now. |
|
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 |
|
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 |
|
|
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 |
|
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 |
|
From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
Because it could hold the key to the entire $100 trillion AI boom.
It involves an American ghost town with just 30 people…
And a new twist to the AI boom that could make a lot of people rich. | | Click here to see the details on what could be the biggest tech story of this decade. |
|
Markets | | |
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
The Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
|
