Good MorningEquities continue to melt upward on better than expected earnings. Tuesday’s list of reports included strong results from Clorox and Rockwell Automation which also included a favorable outlook for earnings. The takeaway for investors and non-investors alike is that much of the earnings growth expected by the S&P 500 is due to inflation. The average S&P 500 company has engaged in multiple price hikes since the start of the year and more are on the way.
The FOMC is meeting today and will release the latest policy statement this afternoon. There is a high expectation the Fed will announce the start of taper and may also indicate a faster pace of tapering than what the market is expecting. With inflation apparently running rampant it is a wonder the FOMC has not already begun to taper.
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Markets | | | Wall Street added to its recent run of milestones Tuesday as stock indexes hit new highs again and the Dow Jones Industrial Average closed above 36,000 points for the first time.
The Dow and benchmark S&P 500 each rose 0.4%. The Nasdaq gained 0.3%. The three indexes also notched a... Read the Full Story |
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From Our PartnersWall Street is loading up on shares of one 5G SuperStock (26 million shares purchased).
Why?
Because the stock brings in more cash than IBM, Facebook and even Google! Yet it trades for just $3. | | Get the scoop on the 5G SuperStock right here. |
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Markets | | | Shares of Avis doubled on Tuesday after the rental car company's third-quarter results showed it is well on the road to recovery from the damage inflicted by the pandemic on the global travel industry.
Its third-quarter profit easily beat Wall Street expectations and its sales rose ab... Read the Full Story |
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Online financial services platforms are everywhere these days with LendingTree (NASDAQ: TREE) and LendingClub (NYSE: LC) two of the most popular. Like many other industries, consumer finance is shifting rapidly towards digital technology. This transformation along with expectations of rising... Read the Full Story |
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Politics | | | The Interior Department is preparing to offer oil and gas lease sales on large tracts of public land despite concluding that burning fossil fuels from those parcels could carry huge costs and contribute to climate change Read the Full Story |
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Earnings Will Continue to Propel Paycom Stock Higher
There are many reasons that investors could look at Paycom (NYSE: PAYC) and think it’s better to stay away. PAYC stock is up 21% for the year which closely approximates the 24% gain in the S&P 500. However, the stock is up nearl... Read the Full Story |
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From Our PartnersWatch his 32-second options trading "training video" here.
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Politics | | | The chairwoman of the House Oversight Committee has issued subpoenas to top executives of ExxonMobil, Chevron and other oil giants, charging that the companies have not turned over documents needed by the committee to investigate allegations that the oil industry concealed evidence about the dangers of global warming Read the Full Story |
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Politics | | | The Justice Department is suing to block a $2.2 billion book publishing deal that would have reshaped the industry, saying consolidation would hurt authors and, ultimately, readers.
German media giant Bertelsmann's Penguin Random House, already the largest American publisher, wants t... Read the Full Story |
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Markets | | | Target (NYSE: TGT) has been forming a cup-shaped base since August 11, when it retreated from the a session high of $267.06. It’s been trading in a tight sideways pattern since October 25, and may possibly form a handle below resistance at $261.80. Read the Full Story |
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Markets | | | Rockwell Automation (NYSE: ROK) is a favorite of ours because we believe in the power of automation the company’s ability to generate growth. The company provides industrial automation and digital transformation assistance in a world that is 1) accelerating the use of digital, IoT, and smart operations and 2) very short on able-bodied hands and looking to automate. Read the Full Story |
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A common question: Should you pay off your mortgage before you retire?
A less common question: Should you retire, then pay off your mortgage?
If you've hemmed and hawed over the benefits of paying off your mortgage versus keeping it, you're not alone. In fact, you might whip back and forth betwe... Read the Full Story |
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The Early Bird Stock Of The Day NovoCure Limited, an oncology company, engages in the development, manufacture, and commercialization of tumor treating fields (TTFields) devices for the treatment of solid tumor cancers in the United States, Germany, Japan, Greater China, and internationally. The company's TTFields devices include Optune Gio and Optune Lua. It also has ongoing clinical trials investigating TTFields in brain metastases, gastric cancer, glioblastoma, liver cancer, non-small cell lung cancer, pancreatic cancer, and ovarian cancer. NovoCure Limited was incorporated in 2000 and is headquartered in Saint Helier, Jersey. | | View Today's Stock Pick |
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