Good MorningInvestor confidence was rattled on Tuesday when word of not one but two trials of COVID-19 vaccines was halted due to “adverse” events. The news triggered an early morning sell-off that had the major indices down about -0.50% when the opening bell sounded. While concerning, the news was largely shrugged off in favor of earnings from JP Morgan Chase and Citigroup. The nation’s two largest consumer banks reported better than expected results that foreshadow what could be a market-moving earnings season.
Revenue at both JP Morgan and Citigroup fell on a YOY period but came in above the consensus estimates. The most noteworthy detail in either report is that reserve-builds for credit losses were less than expected. In light of the current conditions, the slowdown in reserve-build was taken as a vote of confidence in the economic recovery. If the rest of the financial sector reports in like fashion a new all-time high is in store for the S&P 500.
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Stocks | | A Trend Is Unfolding Before Our Very Eyes
It’s not often you can watch a trend as this unfold before your very eyes. It has been, in fact, over two years since the last time we’ve seen such a trend. What am I talking about? The fact that the analyst’s estimates are too low and upw... Read the Full Story |
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From Our Partners2020 has been one of the most bizarre on record.
However, even with geopolitical issues, a never-ending pandemic, wildfires, earthquakes, higher unemployment, and fears of economic decay and elections, markets have pushed higher. Believing the market rally has only just begun, here are three of the top stocks that should easily outperform the major indices in the fourth quarter. | Download Free Report Here |
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Many of the stocks that have the best long-term growth prospects are usually companies that are benefitting from secular growth trends and disrupting an entire industry. For example, we’ve seen strong performance in the market this year from companies that are at the forefront of e-commerce.... Read the Full Story |
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Sometimes a company issues positive news and its stock price inexplicably goes down. Investors that take advantage of these situations can come out ahead when the market catches up with reality.
Last week GenMark Diagnostics (NASDAQ:GNMK) provided better than expected revenue guidance and announc... Read the Full Story |
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Markets | | JPMorgan Chase & Co Is A Buy After Reporting Q3 Result
After reviewing the JPMorgan Chase & Co (NYSE:JPM) calendar Q3 earnings report and looking at the chart I cannot believe this stock is still trading at such a low valuation. Trading at only 17X this year’s consensus and 12X next i... Read the Full Story |
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A Golden-Age For Fastenal?
I’ve heard (read I should say) that current conditions are a “golden age” for homebuilders. Pent-up demand, low inventory, streamlined businesses, and low-interest rates are combining in a way that means sustained, healthy business for the home builder... Read the Full Story |
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The Early Bird Stock Of The Day Marriott International, Inc. engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St. Regis Longboat Key brand names, as well as operates residences, timeshares, and yachts. The company was founded in 1927 and is headquartered in Bethesda, Maryland. | View Today's Stock Pick |
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