Good MorningEquities continued their back-and-forth action on Wednesday with the markets rebounding more than 1.5% at the high of the day. The bad news is that those highs failed to hold and price action was ultimately bearish. The rise of the new OMICRON COVID variant has thrown a new twist into the earnings outlook and it is not a good one. With supply chains already struggling from the last series of economic shutdowns, any disruption could be the one to bring the entire system to a halt.
On the economic front, the ADP Employment report came in better than expected but was offset by a downward revision to the previous month. Regardless, the ADP figure is in line with the expectation for Friday’s NFP report and a welcome sign of strength. The market may correct but, if it does, it will be a buying opportunity for long-term investors.
Featured: The case for trading fewer setups, not more (Ad) 
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Markets | |
The Patterson Companies Beats And Raises, Shares Fall
We’ve had some interest in Patterson Companies, Inc (NASDAQ: PDCO) because of its high yield, its value, and its position within the market. There is nothing exciting about dental or animal health but it is a steady business and one sup... 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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Markets | |
Uranium refiner Centrus Energy (NYSEAMERICAN:LEU) is finding support near its 50-day moving average after pulling back from a November 12 high of $88.88.
It’s gotten a boost as uranium spot prices have risen in the past seven months.
The company reported its third-quarter on November 10,... Read the Full Story |
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Technology | |
Digital advertising platform The Trade Desk (NASDAQ: TTD) is exhibiting a potentially constructive formation after a big move in November.After jumping sharply higher, many stocks move sideways as big institutions hold their newly purchased shares without making big additions. That's exactly what ... 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 | |
G-III Beats And Raises But Shares Struggle
It was no surprise for G-III Apparel (NASDAQ: GIII) to have a strong quarter because the entire retail sector showed strength in this reporting cycle. It was a surprise to see price action make such an abrupt about-face after gapping up at the open and ... Read the Full Story |
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Markets | | Enterprise data storage solutions provider Pure Storage, Inc. (NYSE: PSTG) stock has been rallying to yearly highs on the heels of its Q3 2021 earnings report and raised guidance. The post-pandemic surge in both top and bottom line vindicate its strategy. The Company enjoys much acclaim as a leading... 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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Consumer Discretionary | |
The market has witnessed a tidal wave of new equity listings this year with companies clamoring to raise capital (and public awareness) during the economic recovery. In addition to a strong initial public offering (IPO) pipeline, non-traditional routes like special purpose acquisition companies, o... Read the Full Story |
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Consumer Discretionary | | Digital media company LiveOne (NASDAQ: LVO) stock has been in a nasty downtrend after peaking in March in anticipation of its social media boxing event. Formerly known as LiveXLive, LiveOne changed its name and symbol. The Company was expected to receive major top-line growth from its post-pandemic ... Read the Full Story |
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Markets | |
'Tis the season for lots of credit card use. During this time, thieves may lurk, making you the victim of identity theft.
A NerdWallet survey found that just 10% of Americans froze their credit files after the infamous Equifax breach that occurred in May 2017. However, credit freezes offer one o... Read the Full Story |
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Technology | |
Blowout Results Drive Zscaler, Inc To New Heights
If you had any doubts about the growing use of the Internet, the need for digital business security or 0-trust infrastructures Zscaler’s (NASDAQ: ZS) results should lay them to rest. Zscaler’s FQ1 results are so strong they defy belie... Read the Full Story |
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Technology | |
Salesforce.com Falls On Weak Guidance, Slowing Growth
Salesforce.com (NYSE: CRM) is one of the best-positioned tech company’s working on the Internet today. The company is not only the leader but the very creator of Customer Relationship Management and is still growing at a high double-dig... Read the Full Story |
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The Early Bird Stock Of The Day Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income markets, as well as invests in real estate and private equity. Janus Henderson Group plc was founded in 1934 and is based in London, United Kingdom with additional offices in Jersey, United Kingdom and Sydney, Australia. | | View Today's Stock Pick |
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