Good MorningEquities rebound on Wednesday, erasing Tuesday’s losses, on renewed hopes for fiscal stimulus. A new round of Tweets from President Trump indicated his support for targeted relief despite signs a broader package has stalled. Whether or not legislators will agree to stimulus is still in question but it seems at least the idea is not completely dead.
In other news, the Dow Jones Transportation Average edged up to set a new all-time high. This move is very bullish according to Dow Theory and could indicate further upside for the broad market. According to Dow Theory, a break out in the transports usually leads to a similar move in the blue-chip industrial index. Further, when a break out in one index is confirmed by a break out in the other robust gains usually follow.
Featured: One stock… 357% gains… Same date every year (Investpub (Wealthpress campaigns)) 
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Making investment decisions based on the latest market trends and changes in the consumer behavior can potentially translate to strong profits in the long run. For example, the rise of athleisure wear is one of the latest developments in the apparel industry and has resulted in booming sales for s... Read the Full Story |
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The S&P 500 is trading at around 22x earnings. Albertsons (NYSE: ACI) is trading at around 7x projected earnings for its fiscal year ending February 2021. I am not going to make the argument that Albertsons will triple and reach a P/E ratio that is in line with the average. Because that’... Read the Full Story |
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Markets | | | Shares of cosmetics and skincare company e.l.f. Beauty (NYSE: ELF) have been consolidating in a tightening range since rallying back up off pandemic lows with the benchmark S&P 500 index (NYSEARCA: SPY). Read the Full Story |
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From Our PartnersWSJ reports that Airbnb plans a secret +$18 billion IPO. That means the Silicon Valley giant is keeping details 100% confidential.
My research analysts dug through public records, interviews, and private sources to prepare this special report: Inside Airbnb's Confidential IPO.
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Stocks | | | As cliche as it may sound, it is the dawn of a new age. Not only has the shift to digital accelerated in response to the pandemic but trends within the industry are about to unleash the future of technology. Read the Full Story |
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Markets | | | Diversified medical science giant Abbott (NYSE: ABT) stock made headlines regarding its gamechanger $5 coronavirus test that gives results in 15 minutes. Shares have been wildly outperforming the benchmark S&P 500 index (NYSEARCA: SPY). The recent pullbacks from a sell-the-news reaction is disco... Read the Full Story |
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The Early Bird Stock Of The Day Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada. | | View Today's Stock Pick |
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