Good MorningThe market proved its resilience on Tuesday with most major indices gaining at least 2.25% by the end of the day. The advance was led by the blue-chip Dow Jones Industrial average but all major indices were within a close range. The bad news is that the indices did not regain the upper side of their short-term moving averages which means bears are still in control of the market. Things may look a lot different on Wednesday with the results (or lack of results) from the 2020 presidential election.
Election results aside, the two most important events of the week are still to come. The FOMC meets on Wednesday and could change the tone of the recovery. If the committee is too cautious or sees risks mounting the market could react negatively. Likewise, the non-farm payrolls report is due Friday and may also disappoint the market.
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Politics | | | Global stock markets and U.S. futures rose Tuesday on investor hopes a possible victory by challenger Joe Biden in the American presidential election might lead to more economic stimulus.
London and Frankfurt opened higher, while Shanghai, Hong Kong, Seoul and Sydney also advanced. Ja... Read the Full Story |
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Politics | | | Saudi Arabia's oil and gas giant Aramco announced Tuesday third quarter profits of nearly $12 billion, a significantly higher net income from its dramatically lower second quarter earnings.
Still, its third quarter earnings of $11.8 billion are down nearly 45% compared to last year's ... Read the Full Story |
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Tech | | | Chinese regulators summoned Ant Group founder Jack Ma and two other senior executives to a meeting just days before the company's shares are due to begin trading following a blockbuster offering expected to be the world’s largest.
In a statement issued on Monday, the People’s Bank of ... Read the Full Story |
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Politics | | | China has stepped up trade restrictions against Australia, suspending imports of some timber and barley, the agriculture minister said Tuesday, amid tension over the coronavirus, Hong Kong and the South China Sea Read the Full Story |
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Markets | | | Hong Kong leader Carrie Lam is traveling to Beijing to meet with Chinese officials to seek help in reviving Hong Kong’s economy and discuss reopening the borders with mainland China as coronavirus infections in her city dwindle Read the Full Story |
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Markets | | | Shares of the largest U.S. used car retailer CarMax, Inc. (NYSE: KMX) have been melting down since late July 2020 falling back under its February pre-COVID highs. The stock is underperforming the benchmark S&P 500 index (NYSEARCA: SPY) but may be bottoming out as the weekly stochastic nears a fu... Read the Full Story |
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Markets | | |
You have to give Skyworks Solutions (NASDAQ:SWKS) credit; it demonstrates that you really can't keep a good stock down. Even when the company manages to beat expectations for earnings and revenue, sometimes, the share price still goes downward due to other factors or just rampant profit-taking. Re... Read the Full Story |
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Markets | | | One thing to know about sports fans is that they are loyal and will go to great lengths to watch their favorite games live. That’s what makes fuboTV (NYSE:FUBO) such an interesting company for investors Read the Full Story |
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Markets | | | This Is A Turning Point For Camping World
Camping World (NYSE:CWH) has been one of the pandemic-winners this year to be sure. The company has seen no small amount of demand for its products, a double-digit surge in revenue, and the outlook keeps getting better. Oddly enough there are many investors... Read the Full Story |
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Markets | | | While most of the market’s attention this week has been fixed on digesting polling numbers for the US election, Mohawk Industries (NYSE: MHK) has quietly been putting in a serious shift. Shares are up 26% in the past two sessions and were among the best performers in equity markets yesterday.
... Read the Full Story |
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The Early Bird Stock Of The Day Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. It also engages in owning and operating a travel agency. Boyd Gaming Corporation was founded in 1975 and is headquartered in Las Vegas, Nevada. | | View Today's Stock Pick |
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