Good MorningThe equities market continued its rebound on Tuesday with the major indices all gaining at least 1.75% at the high of the day. Investors are cheering an apparent reduction in volatility and declining risks of a retail trader stampede. The historic short-squeeze in Gamestop that sparked the fear appears to have run its course but share prices for GME are still well above their December 2020 levels.
The implication of Tuesday’s move is more than short-term. The market, in its move higher, confirmed support at a major moving average and in turn a continuation of the uptrend. The next hurdle for the market will be resistance at the all-time high and that test may coincide with the January jobs report. The report is expected to reverse December’s net job losses and will be closely scrutinized by the market.
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Basic Materials | | Lithium junior miner Lithium Americas (NYSE: LAC) stock has surged on the prospects of mining and supplying lithium to the ever hungry electric vehicle (EV) battery segment. The race for EV battery optimization requires hefty supplies of rare earth element lithium. On a geopolitical basis, the effor... Read the Full Story |
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Industrials | |
Although its roots date back to the 1850's iconic American elevator company Otis Worldwide (NYSE:OTIS) has traded as an independent entity on the New York Stock Exchange (NYSE) for less than a year.
Since its recent spin-off from former parent United Technologies, Otis Worldwide has done just fin... Read the Full Story |
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Industrials | | Emerson Electric Is A Blue-Chip Dividend Grower
We became interested in Emerson Electric Co. (NYSE:EMR) early in the pandemic because of its status as a dividend grower. The company is a blue-chip business manufacturing electrical components for virtually all industries and was well-positioned to r... 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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Consumer Staples | | They mightn’t capture the headlines to the same extent as some tech companies, but shares of consumer staple Colgate-Palmolive (NYSE: CL) are just as worthy of attention as we head into 2021. You just need to look a little deeper.
They finished last year at all-time highs after a 45% run from... Read the Full Story |
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Business Services | | PayPal (NASDAQ: PYPL) was one of the biggest pandemic winners in the market in 2020. The electronic payments giant added 21.3 million net active accounts during Q2 2020 – its best result ever. It followed that up by adding 15.2 million net active accounts in Q3 – its second-best result e... 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.
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Markets | | Big Lots, It’s Still A Deep Value Dividend StockBig Lots (NYSE:BIG) has long been a favorite of us here at MarketBeat because of its value, dividend, and turnaround story. The turnaround, labeled Operation North Star, got underway long before the pandemic struck and, coincidentally, set the co... Read the Full Story |
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Basic Materials | |
With volume in the iShares Silver Trust ETF (NYSEARCA:SLV) seeing one of its biggest days ever in Monday’s trading session and a recent surge in the price of silver to the highest levels since February 2013, this precious metal has quickly become a focus for both traders and investors alike.... Read the Full Story |
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Markets | | International payments facilitator MoneyGram International (NASDAQ: MGI) stock has arisen from the ashes as a turnaround play outperforming the year-to-date (YTD) performance of the benchmark S&P 500 index (NYSEARCA: SPY). MoneyGram is the third-largest cross-border payment facilitator in the wo... Read the Full Story |
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Auto/Tires/Trucks | | Worldwide vehicle parts manufacturer Magna International (NYSE: MGA) stock has benefitted from the electric vehicle (EV) momentum lead by first movers like Tesla (NASDAQ:TSLA) and into the legacy U.S. automakers like Ford (NYSE: F) and General Motors (NYSE: GM). Shares are tracking the benchmark S... Read the Full Story |
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Medical | | Another Perfect Play On The Pandemic; Thermo Fisher Scientific
The post-pandemic investing world is filled those “perfectly positioned” companies and Thermo Fisher Scientific (NYSE:TMO) is one of them. The pandemic is a massive global health crisis marked by intensive and widespread tes... Read the Full Story |
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The Early Bird Stock Of The Day Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries. The Advanced Technologies and Services segment develops application-specific integrated circuits, pixel-based sensors, and advanced lasers. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida. | | View Today's Stock Pick |
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