Good MorningThe week ended with a quiet day of trading on Friday. The major indices seesawed between gains and losses during the day but held within tight ranges. The rising number of COVID cases has the market on edge but a spark of hope remains in that the vaccine news is still good. There are two vaccines on track for emergency approval and could be available to front-line workers within the next two months.
Speaking from a trader’s perspective, the market is entering a lull between earnings reporting seasons. There won’t be much to move the market for the next 6 weeks other than economic data and political news and you can be sure it will spark some volatility. Next week is quiet except for Wednesday. There are nine major reports due out that day because of the Thanksgiving holiday. Investors and traders should expect light volume.
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Markets | | Asian shares are mixed in muted trading after Wall Street eked out modest gains amid a tug of war between worries about the worsening pandemic in the present and optimism that a vaccine will rescue the economy in the future Read the Full Story |
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Stocks | | Banking as a service company Green Dot Corporation (NASDAQ: GDOT) has transformed itself from just a prepaid debit card maker to a fully integrated fintech bank holding company in a few years. Shares are still outperforming the benchmark S&P 500 index (NYSEARCA: SPY). The growth of mainstream di... Read the Full Story |
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Politics | | Japan's foreign minister announced Friday that his Chinese counterpart will visit Tokyo next week to discuss ways to revive their pandemic-hit economies as well as regional concerns over China's growing influence.
“There are various issues of concern between Japan and China, and it is... Read the Full Story |
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Markets | | Global shares were mixed in muted trading Friday amid a continuing conflict between current worries over the worsening pandemic and optimism that vaccines will rescue the economy in the future.
France's CAC 40 rose 0.2% in early trading to 5,487.73, while Germany's DAX dipped slightl... Read the Full Story |
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Politics | | A few miles south of the namesake tower where Donald Trump began his run for president, New York prosecutors are grinding away at an investigation into his business dealings that could shadow him long after he leaves office in January.
The probe led by Manhattan District Attorney Cyru... Read the Full Story |
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Politics | | New York’s attorney general has sent a subpoena to the Trump Organization for records related to consulting fees paid to Ivanka Trump as part of an investigation into the president’s business dealings Read the Full Story |
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Markets | | Wall Street Warms Up To L Brands
L Brands (NYSE:LB) emerged as a reversal story over the summer when it reported calendar 2Q earnings. Not only did sales and earnings smash the consensus but news about eCommerce, the intention to spin-off Victoria’s Secret, and an outlook for further improvem... Read the Full Story |
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Markets | | Semiconductor Intel (NASDAQ: INTC) has certainly had a tough 2020. They’ve ceded ground to top competitors, lost investor’s confidence, and watched their shares fall nearly 40% from decade highs to where they’re trading now. Things were already shaky for what was once the apple of ... Read the Full Story |
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Markets | | Williams-Sonoma Is A Proven Winner
Williams-Sonoma (NYSE:WSM) emerged as a pandemic-winner over the summer and what I can say now is that trends are accelerating. The combination of brand and eCommerce is a winning combination that is driving not only high-double-digit sales growth but accelerating... Read the Full Story |
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Markets | |
Under normal circumstances, beating the market consensus on earnings is sufficient to give the share price of the victorious company a nice upward tilt. “Normal circumstances” are not a particularly apt way to describe markets these days, however, as Ross Stores (NASDAQ:ROST) posted an... Read the Full Story |
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The Early Bird Stock Of The Day GreenSky, Inc., a technology company, that enables promotional financing at the point of sale for merchants, consumers, and bank partners. It offers a proprietary technology infrastructure that supports the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions. The company was founded in 2006 and is headquartered in Atlanta, Georgia. | View Today's Stock Pick |
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