Good MorningEquity markets tried to advance on Wednesday but could not hold the gain. The result is another day of sideways trading near recent highs in a string of sideways moves that are beginning to look like a frothy market top. Wednesday's action was driven by a hotter-than-expected revision to Q3 GDP and reinvigorated fear of higher interest rates for longer.
Without a catalyst to drive it higher, the odds are high that the S&P 500 will begin to correct soon. The indicators point to an overbought market and waning momentum about to swing into negative territory. Such a move would confirm a bearish sentiment with the index trading at critical resistance and could lead sellers into the market. One potential catalyst will be released today, the PCE price index, and the next FOMC meeting is only 2 weeks away. Featured: The case for trading fewer setups, not more (Ad) 
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Retail/Wholesale | |
It was once famously said as General Motors (NYSE: GM) goes so goes the nation. Today, investors who are looking at which direction the nation, or at least the national economy, is moving may want to look at Dollar Tree Inc. (NASDAQ: DLTR). If that theory is true, the predictions of an upcoming re... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Technology | |
Because AI is so data-centric, based on big data, data mining and the algorithmically-produced insights that come from it, it is no surprise to see stock market-oriented businesses such as Marketbeat leaning into the technology. The stock market is all about data and generates it in terabytes. Mar... Read the Full Story |
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Finance | |
Marketbeat.com provides numerous tools for investors to help them with due diligence, including analyst-tracking algorithms. The analyst-tracking algorithms screen for new coverage, price target revisions and rating changes, but that is just the tip of the iceberg. Marketbeat provides information ... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Technology | |
Having rallied 125% from May all the way into last week's Thanksgiving holiday, investors were clearly expecting good things from Zscaler Inc's (NASDAQ: ZS) latest earnings report. The cyber-security titan reported their fiscal Q1 earnings after the bell rang to end Monday's session, and they didn... Read the Full Story |
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Retail/Wholesale | |
Beyond, Inc. (NASDAQ: BYON) just got a big vote of confidence from Wall Street. On Monday, sell-side research firm D.A. Davidson gave the former Overtstock.com a buy rating and $41 price target that's well ‘beyond' any other analyst forecast — and implies more than 100% upside from the... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Auto/Tires/Trucks | |
The day has finally arrived for Tesla (NASDAQ: TSLA) and its cult-like following. Later today, the company is set to deliver its first batch of the eagerly anticipated and long-awaited Cybertruck. This event marks a milestone for the company four years after the CEO, Elon Musk, first introduced th... Read the Full Story |
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Auto/Tires/Trucks | |
General Motors Company (NYSE: GM) stock is up more than 9% after the company announced plans to buy back $10 billion worth of shares (nearly 25% of the company's market cap). The automaker also announced a 25% increase in the company dividend from 9 cents to 12 cents beginning in 2024.
The anno... Read the Full Story |
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Technology | |
Workday, Inc. (NASDAQ: WDAY) is another cloud stock proving its utility to consumers and value to investors. The Q3 results highlight the company’s leadership position in two of AI's most active (commercially) areas today: financial services and HRM automation. Among the myriad applications... Read the Full Story |
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Retail/Wholesale | |
Uruguay-based e-commerce platform MercadoLibre Inc. (NASDAQ: MELI) is up 28% in November, reaching its best levels since November 2021.
The MercadoLibre chart shows a November 14 cup-with-handle breakout above $1398.59. The stock has been in rally mode since then, and is currently extended 14% f... Read the Full Story |
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Technology | |
With 2023 drawing to a close, it’s time to start looking at 2024 and what it may bring to investors. The number one item on the list is uncertainty. Between inflation, the FOMC and the outlook for interest rates, there is OPEC+, oil prices and consumer health to cause concern. Regardless, so... Read the Full Story |
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Thursday's Early Bird Stock Of The Day LogicMark, Inc. provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company's devices provide people with the ability to receive care at home and age independently and to check, manage, and monitor a loved one's health and safety remotely. It also manufactures and distributes non-monitored and monitored personal emergency response systems, which are offered through the United States Veterans Health Administration (VHA), direct-to-consumers, healthcare durable medical equipment dealers and distributors, monitored security dealers and distributors, and its ecommerce website logicmark.com and Amazon.com. The company was formerly known as Nxt-ID, Inc. and changed its name to LogicMark, Inc. in March 2022. LogicMark, Inc. was founded in 2006 and is based in Louisville, Kentucky. | | View Today's Stock Pick |
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