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.
Featured: Wall Street Bets Big on Prediction Markets Heres a Microcap to Watch (Ad) 
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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 | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Healthcare | |
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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Healthcare | |
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 | | On January 1, 2027, new Pentagon rules tighten sourcing restrictions on critical minerals tied to foreign adversaries. China controls more than 90% of global rare earth processing capacity, while the U.S. imports 100% of its titanium sponge.
SAGA Metals has drilled more than 23,000 meters at its Radar project, with all 92 drill holes intersecting mineralization. A maiden mineral resource estimate is expected in Q4 2026, alongside ongoing drilling at the Wolverine heavy rare earth project. | | See what's next for SAGA Metals before the deadline hits |
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Consumer Discretionary | |
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 | | Each morning, the Wave Software scans the market for stocks quietly building momentum over days or weeks, then narrows the list to a single name showing signs of an imminent move.
From there, it outlines specific options criteria designed to match that potential move, giving traders a complete setup before the market opens.
No guesswork, no scanning countless charts, just one focused opportunity to evaluate each day. | | See how the Wave Software pinpoints daily trade opportunities before 9 am. |
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Markets | |
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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Industrials | |
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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