Good MorningDespite some volatility, the Santa Claus Rally appears to be on track to lift the market into year-end. The S&P 500 extended its holiday-week rebound on Wednesday putting the index within an arm’s reach of the current all-time high. The question that needs to be asked, though, is what will the New Year bring?
The only certainty for the New Year is inflation. Inflation is running rampant through the economy and threatens to dampen consumption on many levels. The caveat for investors is that, until the market gives the signal for reversal, the trend in the market is up. If the S&P 500 can break out to a new high, we see it continuing upward at least until the Q4 earnings cycle gets underway.
Featured: The case for trading fewer setups, not more (Ad) 
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Technology | |
Customer relation management (CRM) software company Salesforce.com (NYSE: CRM) stock has been plunging on its latest top and bottom-line guidance stemming from the fiscal Q3 2022 earnings call. While the fiscal Q3 2021 earnings were very strong, the lowered guidance shocked investors. Arguably, Sa... 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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Consumer Discretionary | |
Connected home fitness equipment maker and platform Peloton (NASDAQ: PTON) stock has been a nasty rollercoaster ride for investors. The popular connected fitness company bounced off $17.70 COVID lows to peak at $171.09 before plunging on the reopening trend back into the $30s. The Company has yet ... Read the Full Story |
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Markets | |
Going into the new year, you may wonder what you should invest in: artificial intelligence, cyclical stocks, health care? A combination of these or something else entirely?
It's a great question. Based on the unique events from last year, rising interest rates and consumer pushes toward specific... 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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Auto/Tires/Trucks | |
It’s that time of year for investors. Hopes for a Santa Claus rally, some much needed R&R, and yes—tax loss harvesting.
The annual ritual of dumping the year’s losers to offset capital gains taken early in the year is far from a festive event but can be a valuable part of ta... Read the Full Story |
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Markets | |
Analysts are taking a more favorable view of T stock as the TimeWarner nears completion
AT&T (NYSE:T) stock is enjoying its best week since early summer. T stock is up 6.5% since December 16. The reason for the optimism is stemming from two analysts' upgrades. In both cases, the stock was up... 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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Auto/Tires/Trucks | | It wouldn’t be like Tesla (NASDAQ: TSLA) to keep their investors guessing would it? After rallying more than 100% from July through the start of November, the brakes were firmly applied when CEO Elon Musk announced his intention to start unloading huge portions of his stock holdings to meet hi... Read the Full Story |
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Technology | |
Insiders Have Skin In Paychex, Inc
Yes, the insiders have been selling some shares of Paychex, Inc (NASDAQ: PAYX) this year but it is nothing for investors to be worried about. If anything, insiders should have waited longer to do their selling, and, ultimately, their activity speaks volumes. Wh... Read the Full Story |
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Business Services | |
Cintas Beats And Raises Guidance, Preps For Growth
Cintas (NASDAQ: CTAS) is not immune to the impacts of inflation and supply chain issues but those issues are symptoms of an otherwise strong economy. An economy that is creating new jobs at a record pace, has employment at record levels and driv... Read the Full Story |
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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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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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The Early Bird Stock Of The Day Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada. | | View Today's Stock Pick |
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