Good MorningEquity markets extended the rebound in stocks to near the recent high on Tuesday but traders and investors alike are cautioned not to read too much into the move. Not only was the move driven by an absence of news but it occurred during a holiday-shortened trading week. The takeaway is that Tuesday's action appears bullish but may not lead to much without a true catalyst to induce the market to buy stocks.
Wednesday's action will be more of the same. The question is if the market will end the day up or down and the difference will be telling. A down market suggests traders are fearful of what might happen over the extended holiday weekend while an up market is the opposite. Next week the market will get back in gear as investors start to prep for the final days of the year and what could be a lackluster holiday shopping season. Featured: Buy Gold In 37 Seconds (Ad) 
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Communication Services | | CenturyLink merged with Qwest to become the third-largest telecommunications company in the U.S. in 2010. The Company continued to gobble up technology companies like Savvis, a cloud infrastructure company in 2012 and broadband provider Level 3 Communications in 2017. The Company changed its name fr... 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.
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Technology | |
Despite a fiscal first-quarter earnings report that beat consensus estimates, analysts are giving Cisco Systems (Nasdaq: CSCO) a HOLD rating for now. The report revealed that earnings for the computer networking firm rose 5% year-over-year through the quarter ending on October 29, up 86 cents. In ... Read the Full Story |
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Consumer Discretionary | |
The sell-side activity has been robust for Dick’s Sporting Goods (NYSE: DKS) over the past 12 months and it is capping gains for the stock. Insiders, institutions and short-sellers are using the $115 level as a ceiling that has the stock trapped in a range that has persisted since the late s... Read the Full Story |
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Markets | |
If you want to invest in covered calls the Global X Funds NASDAQ 100 ETF (NASDAQ: QYLD) is something you should check out. Better yet, if you want to get a high double-digit yield in a stock with a long track record of successive monthly dividend payments this should be on your list. It is an ETF ... Read the Full Story |
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Technology | |
Books. Makeup. Socks. Bottles of hot sauce. When it comes to stocking stuffers, Santa has many budget-friendly options. Investors in search of inexpensive stocks, on the other hand, have limited choices — at least when it comes to those stocks that have good fundamentals.
This year’s ... Read the Full Story |
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From Our Partners | | Anthropic, the company behind Claude, had been expected to go public in October. Now reports say it’s targeting November, with marketing to investors as soon as the week of November 9th and trading before Thanksgiving.
When an IPO this big hits, the real money isn’t made by the people buying shares on day one. It’s made by the people positioned for what happens after: when early investors cash out and go looking for the next big multiplier.
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Technology | |
NVIDIA Corporation (NASDAQ: NVDA) is no stranger to comebacks. In the fourth quarter of 2018, the artificial intelligence (AI) chipmaker’s shares were slashed by 52% amid fears of rising interest rates, a global economic slowdown and cryptocurrency issues.
Sound familiar?
In the three yea... Read the Full Story |
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Consumer Discretionary | |
Global online marketplace Alibaba Group Holding Ltd. (NYSE: BABA) posted its most recent quarter on November 17 and the results were mixed. While some investors may have been okay with the lukewarm report, the stock took a tumble and is now 75% lower than its all-time high ($317.14 in October 2020... Read the Full Story |
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Consumer Discretionary | |
The online gambling industry is the 10th hottest industry in the US in 2022 and that is saying something. This industry is small at roughly $11 billion in value but growing rapidly and up 45% on a YOY basis as of late November. The industry is expected to continue to grow at a high-double-digit CA... Read the Full Story |
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Healthcare | |
Ardelyx, Inc. (NASDAQ: ARDX) is a clinical-stage biopharmaceutical company whose primary focus is the discovery, development, and commercialization of new, innovative, and non-systemic, small-molecule therapeutics specifically targeting gastrointestinal, metabolic, and cardio-renal diseases.
Sinc... Read the Full Story |
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Communication Services | |
The Walt Disney Company (NYSE:DIS) energized what is normally a quiet trading week by announcing the ousting of CEO Bob Chapek and the return of former CEO Bob Iger. The stock is up over 6% in midday trading. However, it was up over 9% in pre-market trading.
The news comes less than a year afte... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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