Good MorningEquity markets cratered again on Friday to end a down week on a sour note. The reason is the Omicron variant on top of a Wall of Worry built on supply chain disruption and mounting inflation. The S&P 500 is down about 4.5% from its recent high and looks like it could easily make it a full 5%. The question now is if a 5% correction is all we’re in for or if the selloff will worsen?
This week’s attention will turn to the Q4 earnings cycle and CPI report on Friday. We’re still a month away from the peak of the Q4 reporting season but there are some reports to be aware of. On the economic front, CPI data for November is due out on Friday and could move the market as well. Consumer-level inflation has been running hot and is expected to do so again this week.
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Finance | | Health insurance exchange platform eHealth (NASDAQ: EHTH) stock has been crushed falling over (-80%) off its highs heading into year-end. The insurance marketplace received a new CEO just six days prior to its Q3 2021 earnings release. The new CEO comes with a strong background in the healthcare ind... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Technology | | Digital cloud creative software company Adobe (NASDAQ: ADBE) stock has been on a tear blowing through its pre-COVID highs. The creative software developer was a pioneer in cloud computing and the software as a service (SaaS) subscription model. It revolutionized software company operating models whe... Read the Full Story |
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Construction | | If you’re remodeling a deck at your home (as I was a few years ago), it’s very likely you’ll at least consider using wood-alternative products from Trex (NYSE: TREX).
Trex manufactures wood-alternative products used for decking and other building applications, such as porches, f... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Markets | |
Have you put a plan in place to figure out exactly what you need to do to retire with a certain amount of money in the bank — by a certain age?
A total of 49.9% of Americans expect to retire before they turn 62, according to the Federal Reserve Bank of New York.
We can point to a booming ... Read the Full Story |
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Retail/Wholesale | |
Chewy, Inc Plunges On Wedbush Downgrade
Shares of Chewy, Inc (NYSE: CHWY) are down 5.0% in the wake of a major downgrade. The downgrade comes from Wedbush who lowered the stock to Neutral from Outperform citing churn within the business. Not only are the comps going to be tough on a YOY basis bu... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Consumer Staples | |
Specialty food distributer Chefs’ Warehouse (NASDAQ: CHEF) stock has made a double top as it peaks off pre-pandemic levels. The high-end food distributor supplies fine dining restaurants, hotels, and culinary schools through 2,200 suppliers to serve nearly 34,000 customers. From raw ingredie... Read the Full Story |
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Technology | |
These 3 Stocks Could Be in for a Strong December
With market volatility on the rise and plenty of issues for investors to ponder such as the new COVID variant and upcoming changes to monetary policy, it’s easy to overlook the fact that December tends to be a seasonally strong month for the ... Read the Full Story |
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Technology | |
Marvell Crushes Q3 Earnings and Has the Makings of a Semi Leader
A big part of the allure of investing in semiconductor companies such as Marvell Technology (NASDAQ: MRVL) is the fact that they supply chips to industries with tons of growth potential. Whether it's 5G networks, cloud data infrastr... Read the Full Story |
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Markets | |
Hibbett, Inc Is A Short-Squeeze Candidate
Shares of Hibbett, Inc (NASDAQ: HIBB) attracted quite a crowd of short-sellers over the last quarter due to rising fears of supply chain disruption and inflation. Those fears have the short interest up to nearly 20% which we view as extreme. Especially c... Read the Full Story |
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Technology | | After a 25% drop in shares over the past month, it’s finally starting to look like the Dropbox (NASDAQ: DBX) bears are starting to get tired. They’ve flatlined for the last fortnight and bounced off what’s looking like a temporary low yesterday. That 3% jump could be the start of a... Read the Full Story |
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The Early Bird Stock Of The Day JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores. It operates in the People's Republic of China, the United States, the Great Britain, Japan, South Korea, Australia, the Middle East, Southeast Asia, and internationally. The company was formerly known as YY Inc. and changed its name to JOYY Inc. in December 2019. JOYY Inc. was founded in 2005 and is headquartered in Singapore. | | View Today's Stock Pick |
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