Good MorningEquities clawed back some of their recent losses on Tuesday with the major indices up more than 1.5% at the high of the session. The tech-heavy NASDAQ Composite led the move with a gain of more than 2.25% as fear of the Omicron variant subside. The risk of Omicron remains but any impact it may have on the economy may be getting priced into the market. The technical outlook for the S&P 500 remains bullish although volatility is expected to remain high.
Thursday will be the busiest day of trading for the week with more than a dozen economic reports due out before the Christmas Holiday. The key reading of the day will be the monthly income and spending data to include the PCE Price Index. The PCE Price Index is expected to accelerate on a MOM to and YOY basis and may come in hotter than the consensus estimate.
Featured: The case for trading fewer setups, not more (Ad) 
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Consumer Staples | |
Calavo Growers Gains Traction With Project Uno
Calavo Growers (NASDAQ: CVGW) has been struggling with market conditions, inflation, and COVID-19 all year but it looks like the company is starting to gain some traction. The company-wide rationalization of operations is helping to boost profitabil... 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 | |
Chip designer Silicon Labs (NASDAQ: SLAB) is consolidating above its 50-day moving average after zipping 24.59% higher the week ended October 29.
That big move came on the heels of Silicon Labs’ third-quarter report that topped analysts’ views. Revenue was up 39% from the year-earlie... Read the Full Story |
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Finance | | Regional bank stocks Customers Bancorp (NYSE: CUBI), Metropolitan Bank Holdings (NYSE: MCB) and Northeast Bank (NASDAQ: NBN) are steering the northeast regional bank sub-industry to leadership.
With inflation growing at its fastest clip in nearly four decades, investors are well-advised to review ... 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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Markets | |
You may have already heard: The Federal Reserve has indicated that it will impose rate hikes in 2022 in response to high inflation. The Federal Reserve will also taper its bond buying program next year.
The Federal Reserve is in charge of setting the federal funds rate. (If you're not sure what ... Read the Full Story |
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Markets | |
Although it’s been a volatile December, the U.S. stock market is days away from recording another strong year. Outsized returns in many individual stocks have many investors looking for ways to spread some holiday cheer by embracing the risk-on trade.
It remains to be seen whether the recen... 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 | |
Insiders Sell Nike In 2nd Half Of 2021
Insiders have been selling their shares of Nike (NYSE: NKE) this year but it’s nothing to be worried about. The selling is worth about 0.1% of the shares outstanding and nothing compared to what the institutions have been doing. Institutional buying ha... Read the Full Story |
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Markets | |
Investors looking to buy Rite Aid stock after earnings may want to look in other directions
The good news is that shares of Rite Aid (NYSE:RAD) stock are up 12% after reporting third quarter earnings. The less good news is that the stock has dropped about 8% from its post earnings high. And, RAD ... Read the Full Story |
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Markets | |
Whether you rely on fundamental analysis, technical analysis or a mixture of approaches, investors need access to information to make informed investment decisions. And in this digital age, all of this information is available with just a few keystrokes. However, with so many investment services t... Read the Full Story |
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Business Services | |
Extraordinary Inflation Cuts Into Steelcase Results
Institutions have been scooping up shares of institutional furniture-maker Steelcase (NYSE: SCS) all year. The institutional activity is marked by rotation into and out of the stock but has been net-positive for each of the last 6 consecutive q... Read the Full Story |
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Retail/Wholesale | |
Outdoors sporting goods retailer Sportsman’s Warehouse (NASDAQ: SPWH) stock plunged on the announcement of the termination of its acquisition by Great Outdoors for $18 per share. The retail reopening trend has run its course with most people taking on second COVID-19 booster vaccinations. Fi... Read the Full Story |
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The Early Bird Stock Of The Day SK Telecom Co., Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices. The Fixed-Line Telecommunications Services segment provides fixed-line telephone services; broadband Internet services; media platform services, such as Internet protocol TV and cable TV; and business communications services. The Other Businesses segment offers T-commerce services, as well as portal services under Nate brand name. In addition, it provides call center management, base station maintenance, information gathering and consulting, database and internet website, cable broadcasting, broadcasting programs, and digital contents sourcing services; manufactures non-memory and other electronic integrated circuits; international telecommunication and mobile; and operates information and communications facilities, and mobile virtual network, as well as engages in communications and communication device retail business. SK Telecom Co., Ltd. was incorporated in 1984 and is headquartered in Seoul, South Korea. | | View Today's Stock Pick |
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