Good MorningThe S&P 500 advanced for the third consecutive week last week, but the rally may be over. The weekly candle is strong, but the dailies show gaps, froth, spinning tops and resistance at a critical level. This level has provided resistance multiple times and is the starting point of the sell-off, which began over the summer. Investors should expect another significant sell-off to happen soon if the market can not get above this level.
This could be a quiet week for the market. The Thanksgiving Holiday will shorten the trading week by a day, and not many economic or earnings reports are due. The single report of interest is NVIDIA, which is scheduled for Tuesday night. The company is expected to grow revenue by nearly 200% and could outpace the estimates given the demand for AI. Guidance may also be good and should help lift the stock price. If not, it will be due to fears of market share loss to up-and-comers with advanced chips like Advanced Micro Devices and Microsoft.
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Technology | |
Companies that underpromise and over-deliver are a joy for shareholders and analysts alike. Like underdogs, these mighty yet soft-spoken companies surprise with actions, not words. They inspire investors and pave the way towards transformation towards the higher tier in their respective sectors an... Read the Full Story |
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From Our Partners | | Elon Musk bought Super Bowl ad time at $266,000 per second - something he has never done before. 125 million Americans watched, but Whitney Tilson, former manager of a $200 million hedge fund, says most investors missed what it actually means.
With 1 in 3 Super Bowl viewers using buy-now-pay-later services and 40% of Americans carrying more credit card debt than savings, Tilson believes Elon's message reveals a major economic current - and a clear signal for where smart money should be positioned. | | Watch Tilson's free presentation to see what he thinks you should do now |
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Medical | |
As the third quarter 2023 earnings season ends, it's worth looking back to see which stocks may have been overlooked or mispriced on their results. Regardless of sector or industry, every earnings season has its share of misfits and heroes. Some stocks overperformed and were rewarded with surging ... Read the Full Story |
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Manufacturing | |
Stocks that crush their earnings estimates are supposed to go up. However, that's not always the case. Every earnings season, regardless of sector or industry, has its share of stocks that report stellar earnings results only to get sold off. The reasons can range from being a sell-the-news event ... Read the Full Story |
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From Our Partners | | OpenAI and Anthropic are moving closer to the public-market spotlight - and Wall Street rarely waits until the first trading day to reposition.
By the time these IPOs arrive, the obvious AI names may already be crowded and fully priced. The earlier opportunity could lie in chips, cloud infrastructure, data tools, and enterprise AI systems. One report covers 9 AI stocks - including a chip name tied to U.S. infrastructure, a cloud player with an underappreciated setup, and a data analytics business with government and enterprise exposure. | | Review the full 9-stock AI breakdown before the next wave hits |
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Retail/Wholesale | |
The 2023 holiday shopping season has arrived, and more consumers will be doing their shopping online. While nearly every store now has an online presence with omnichannel capabilities, certain stocks can benefit directly from e-commerce activity during this season. Here are three e-commerce stocks... Read the Full Story |
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Technology | |
Cloud computing platform and hosting provider DigitalOcean Holdings Inc. (NASDAQ: DOCN) saw its shares jump 20% on strong Q3 2023 earnings and raised guidance. The company is a member of the Computer and Technology sector, providing on-demand cloud infrastructure services and tools to start-up com... Read the Full Story |
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From Our Partners | | This feels like one of those ''where were you when Kennedy was shot'' moments. It felt like a moment in time, but that single shot started an avalanche of investigations, accusations, and conspiracy theories.
That's what you just witnessed with the death of the Ayatolla Khamenei.
Because the strikes proved how fragile things can get: billions could be lost. Seniors and the vulnerable put at risk. | | So to make it easy, Get the 2026 Retirement Survival Guide. Plain-English, step-by-step |
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Finance | |
The S&P 500 went into a new bullish trend in early November, with the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) gapping up twice since its follow-through day on November 1. The index is up 7.73% in November.
A look at the SPY ETF chart shows the index has already cleared an area of resistan... Read the Full Story |
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Technology | |
It's been a great few weeks for equities, with the S&P 500 index returning from its post-summer slump with vigor. It's up almost 10% since the end of October, with renewed hopes that inflation has tamed, driving the risk-on sentiment.
Unsurprisingly, many stocks got burned by last year's red... Read the Full Story |
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Construction | |
Johnson Controls International (NYSE: JCI) stock is down 30% from its recent highs, offering an attractive entry for investors.
While the company faces headwinds, the business and outlook are stable at a minimum and can sustain capital returns. The odds are high for a rebound because the stock t... Read the Full Story |
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Technology | |
Last week, when technology stock Unity Software (NYSE: U) reported earnings, shares fell as much as 15% in the after-hours session. The sharp decline came as the company missed on revenue and did not provide guidance.
Unity is currently undergoing internal changes, so management was reluctant to... Read the Full Story |
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Markets | |
The National Basketball Association (NBA) has so-called "superteams" that boast multiple superstars on one roster. Is there an equivalent in the investment world?
Yes: funds of funds.
A fund of funds is simply a collection of investment funds wrapped in one package. It effectively takes the ben... Read the Full Story |
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Monday's Early Bird Stock Of The Day Procore Technologies, Inc. engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office. The company also provides Workforce Management, that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time; and Construction Intelligence, that allows customers to capture, manage, and learn from data for project and portfolio reporting, analytics, and artificial intelligence-guided workflows, as well as to monitor projects and drive informed decision-making for business needs. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company allow users to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California. | | View Today's Stock Pick |
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