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.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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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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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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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 | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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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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Finance | | 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 | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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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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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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Consumer Discretionary | | 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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Healthcare | | 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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