Good MorningEquities continued to bounce back on Tuesday as traders and investors reassess the risk of the Omicron variant. While still a concern, it looks like the variant produces a less severe case of COVID and may not cause much damage to the economy. The S&P 500 advanced more than 2.0% at the high of the day and came close to setting a new all-time high.
Tech stocks were among the big winners with chip stocks and Apple moving up 4% and 3% respectively but all 13 S&P sectors were higher. Traders are cautioned, however, that key economic data is due out later this week and could cap gains. The monthly reading of the CPI is due out on Friday and it is expected to be hot. The question is how hot and how will the market react. Hot inflation is ultimately a bad thing for the economy but could sustain the market rally until consumption begins to wane.
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Consumer Discretionary | | Shares of China-based online marketplace Alibaba Group (NYSE: BABA) are up more than 11% so far this week, marking the stock’s best performance since early October.
Shares are down 45.97% year-to-date. The stock closed at $125.54 Tuesday, up $1.94, or 1.57%.
The uptick follows news that Al... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Finance | | Compass Diversified (NYSE: CODI) is a modern spin on the old-fashioned holding company. On Tuesday, it cleared a cup-with-handle base above a buy point of $32. Trading volume was more than triple the average mid-session.
Tuesday’s breakout followed a gain of 6.96% Monday, in volume 300% heav... Read the Full Story |
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Markets | |
Do you dread putting together your New Year's Resolutions each year?
Why not change your thinking? Instead of saying, "I'll save X amount for retirement in the new year" or "I'll budget an extra $200 every week," why not first vow to change your money attitudes? It can positively affect your out... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | |
Stitch Fix Gives Ultra Weak Guidance
Although there has been some notable insider selling in Stitch Fix (NYSE: SFIX) that’s not why shares are down 20% in premarket trading and it’s not the Q3 results either. Not, it’s the guidance for the 2nd quarter that has shares down in th... Read the Full Story |
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Markets | |
MarketBeat and Seeking Alpha are two of the well-known websites that give individual investors access to stock research and analysis. Both sites provide a significant amount of many of free content. But with many similar features, it can be hard to distinguish between the two sites.
That’s ... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Discretionary | | Luxury online consignment marketplace The RealReal (NASDAQ: REAL) stock has shrugged off its Q3 2021 earnings spike as it fills the gap and heads lower into the close of 2021. The largest digital market place for used luxury apparel and collections is still showing double-digit growthy despite not b... Read the Full Story |
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Consumer Staples | |
Buy and Hold Investing Can Set You Up For a Nice Retirement
It’s safe to say that stocks play a valuable role in investing for retirement, regardless of how close you are to the golden years. The equity markets can be one of the best tools for building wealth over time and growing a nest eg... Read the Full Story |
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Consumer Staples | |
Kroger's short-term outlook will depend on the inflation numbers
After climbing over 11% since reporting earnings on December 2, investors may be wondering if it’s too late to get in on the rally in Kroger (NYSE:KR) stock. The answer is likely to come when the government releases the Consu... Read the Full Story |
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Consumer Discretionary | |
Autozone Just Keeps Getting Better
Autozone (NYSE: AZO) has been winning since long before the pandemic began and it looks like it will keep on winning long into the future. The company is not only growing at a double-digit rate but well above the consensus and all the signs are positive. With r... Read the Full Story |
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Technology | |
Gitlab A Risky Stock For Investors To Hold
To be honest, there has been very little insider activity in shares of Gitlab (NASDAQ: GTLB) but there is a reason. The stock has only recently IPOd and there are lockup periods to be considered. That said, Insidertrades.com reveals there is one notable... Read the Full Story |
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The Early Bird Stock Of The Day National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr. Pure; and carbonated soft drinks under Shasta and Faygo brands. It serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. National Beverage Corp. was incorporated in 1985 and is headquartered in Fort Lauderdale, Florida. | | View Today's Stock Pick |
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