Good MorningThe major indices were largely unchanged on Wednesday after briefly moving into new all-time high territory early in the day. The Dow Jones Industrial Average led the day but advanced less than 0.50% at the high of the day.
Investors have turned cautious after a historic run-up as uncertainty over economic stimulus and corporate earnings begin to rise. The problem isn’t that stimulus won’t come or earnings won’t rise, the problem is that chances of better-than-consensus earnings results for calendar 2021 are dwindling in the face of rising valuations.
In stock news, the Reddit crowd has turned its attention to the pot market. Pot stocks are seen as undervalued in the new paradigm of increasing profitability and potential for U.S. legalization. Shares of both U.S. and Canadian cannabis companies gained double-digits during the session with the Alternative Harvest ETF (MJ) up more than 15%.
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Markets | | Land-based and digital gaming company Everi Holdings (NYSE: EVRI) stock is started to get “discovered” by investors looking for exposure in the recovery of casino gaming and acceleration in iGaming legalization. The momentum in digital sports betting and iGaming platforms like Penn Natio... Read the Full Story |
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From Our Partners | | Most people’s first crypto purchase is their worst one. Not because crypto is bad. Because they make the same handful of mistakes almost everyone makes. They pay too much, because they don’t know how to buy at lower prices.
Crypto Revolution, our book with a foreword by Kevin Harrington from ABC’s Shark Tank, shows you how to spot real opportunities instead of chasing hype.
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Healthcare | |
With the S&P 500 soaring to record levels over the past year, most of its constituents' dividend yields aren't what they used to be. However, there are still some juicy high yielding stocks to consider.
With a lofty dividend return often comes skepticism as to whether a company's dividend is ... Read the Full Story |
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Consumer Discretionary | |
Things were looking very concerning for the auto industry in the U.S. at the onset of the global pandemic. With many of the major automakers closing down their manufacturing plants for a portion of 2020 and auto sales experiencing sharp declines, these stocks faced major selling pressure for the f... Read the Full Story |
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From Our Partners | | What I bought is tokenized gold. Real gold in a professional vault… held as a digital token in a wallet only I control. Now compare that to how most people own gold. You call a dealer and pay a premium over the gold price. You wait for it to ship… then you find somewhere to hide it.
And when you want out? It gets worse. Buy a 1 oz gold coin from a dealer and sell it back, and about 4% to 8% of your money is typically gone. Plus, physical gold holders wait days for dealers to verify the gold and pay them.
Tokenized gold? You can sell it any hour, any day, even on a Sunday night, for a small trading fee. So when you need your money, which would you rather own? Gold that takes days to sell… or gold you can sell in seconds? | | Click here to see how tokenized gold works. |
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Consumer Discretionary | |
Newell Brands (NASDAQ:NWL) is expected to post another solid earnings report when it updates shareholders on Friday, February 12. The whisper number is projecting that the company will post earnings of 67 cents per share, well above the 48 cents EPS projected by analysts. If that comes to pass, Ne... Read the Full Story |
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Healthcare | |
Ever since a bundle of Reddit users on a stock chat page got together and decided mutually to turn GameStop (NYSE:GME) into a kind of whipping boy for the hedge fund system, many investors have wondered which stock would be next to receive a similar treatment. There are some signs that suggest Red... Read the Full Story |
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From Our Partners | | An analyst who called Nvidia's AI chip boom back in 2016 has a new prediction. His past calls include Comfort Systems' 1,030% rise, Oklo's 1,900% jump, and Sandisk's 853% surge, all tied to the AI buildout.
Now he's pointing to what he calls the next wave of AI, a trend tied to an industry projected to grow 190,597% by 2040. | | See his newest AI prediction and the data behind it now |
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Markets | | The Marijuana Market In One Chart
The marijuana market is blowing up and by some accounts, it is Reddit’s fault. The Reddit Warriors or whatever you want to call them are ganging up on another market and artificially driving up the prices. Only that isn’t what’s going on at all. Y... Read the Full Story |
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Consumer Staples | | The Coca-Cola Company Whiffs In The 4th Quarter
We ran a piece in the summer of 2020 comparing Pepsico (NASDAQ:PEP) and The Coca-Cola Company (NYSE:KO). The comparison was simple. Starting from the assumption that yes, a buy in the soda/beverage category was a good play on COVID-driven consumer tre... Read the Full Story |
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Markets | | Having just about managed to tag their pre-COVID highs at the end of January, shares of department store Nordstrom (NYSE: JWN) have been cooling off in the weeks since. As part of the vaccine driven recovery rally seen in the likes of travel, retail, and restaurant stocks last quarter, Nordstrom sha... Read the Full Story |
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Markets | | Junior rare earth miner Piedmont Lithium (NYSE: PLL) stock was a relatively obscure developmental stage miner until it exploded on the news of a supply deal with electric vehicle (EV) giant Tesla (NASDAQ: TSLA). The EV revolution continues to accelerate as even the legacy automakers like General Mot... Read the Full Story |
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Technology | |
The runup in Enphase Energy (NASDAQ:ENPH) stock has been nothing short of spectacular. Shares of the California-based solar technology company are worth nearly 10 times what they were just 12 months ago.
What's behind the incredible rally in Enphase Energy stock—and can the show go on?
Enp... Read the Full Story |
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The Early Bird Stock Of The Day IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. The company also offers integrated laser systems; LightWELD, a handheld laser welding system; 2D compact flat sheet cutter systems and multi-axis systems for fine welding, cutting, and drilling; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems for material processing applications; robotic and multi-axis workstations for welding, cutting and cladding, flatbed cutting systems, and diode markers; and laser and non-laser robotic welding and automation solutions. It serves materials processing, communications, medical procedures, and advanced applications and communications markets. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Marlborough, Massachusetts. | | View Today's Stock Pick |
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