Good MorningThe stock market went on a wild ride Tuesday. The major indices, at first up following a strong day on Monday, fell on a double-shot of news that only means more volatility in the days ahead. The first news came from Fed chief Jerome Powell. Powell, in remarks to the National Association for Business Economics, said the risk of doing too much is small at this time. In his view, a lack of stimulus from Congress is imperiling the recovery, a recovery that would be much stronger if all branches of Government worked together.
The second news came in the form of a Trump Tweet. President Trump says he’s told his negotiators to cease talks about stimulus until after the election. The President says House Speaker Nancy Pelosi isn’t negotiating in good faith and prefers to make a deal after he’s won his second term. With no deal in sight the odds of a new S&P 500 all-time high might be slipping away.
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Markets | | Upgrades Will Drive The Market HigherThe 3rd quarter earnings cycle is yet to really begin but there is already a major theme emerging. Upgrades. The analysts have been upgrading their targets and ratings on the pandemic-proof and recovery stocks for the last month and the trend is accelerating. The... Read the Full Story |
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Markets | | Dollar Tree’s Hiring Spree Is A Double-Dose Of Good NewsDollar Tree (NASDAQ:DLTR) announced plans to hire more than 25,000 new associates this month highlighting yet another opportunity for investors. The more is intended to fill vacancies in stores and distribution centers across the country ... Read the Full Story |
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A healthy investor appetite for IPOs and improving housing market fundamentals may prove to be good timing for the upcoming Caliber Home Loans IPO. The Texas-based mortgage lender, which is currently owned by private equity company Lone Star Funds, is set to hit the market as soon as this week. Ah... Read the Full Story |
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Markets | | Back on September 2, I analyzed Carvana (NYSE: CVNA). At the time, it had just broken out to fresh all-time highs. While I liked the company, I didn’t like the breakout for five reasons.
Well, as it happened, shares promptly plummeted by 30% in less than three weeks.
But then, right at the b... Read the Full Story |
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The Early Bird Stock Of The Day Verint Systems Inc. provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions. The company provides Verint Open platform designed to help brands increase CX automation across all touchpoints between organization and customers in the contact center, back office, branch, web sites, and mobile apps. It serves banking, insurance, public, retail, and telecommunication industries. Verint Systems Inc. was incorporated in 1994 and is headquartered in Melville, New York. | View Today's Stock Pick |
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