Good MorningThe market continues to drift upward while traders wait and see what the next phase of the economy is going to look like. The S&P 500 moved up to set another all-time intraday high but the move was weak, the index traded within a very tight range, and gave up all the gains by the end of the day. While the near-term outlook remains bullish traders and investors should remain wary of growing weakness within the market.
With COVID cases rising, an uncertain future for vaccinations, and the final verdict on the election upcoming there is much to be worried about. Rising cases of COVID are leading to shutdowns that could threaten the economic recovery if not for the strength of the labor market. The labor market rebound is slowing from the summer peaks but still very strong on a historical basis and pointing to long-term economic expansion.
Featured: Trump Views Biotech Breakthrough as a "National Security" Issue (BehindtheMarkets) 
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Markets | | | Online travel and hotel booking platform trivago N.V. (NASDAQ: TRVG) stock has been a forgotten play further swept under the rug during the pandemic. As the race for COVID-19 vaccine FDA and European approvals near the finish line, travel and leisure related stocks are again seeing revitalized momen... Read the Full Story |
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Markets | | | NetApp, The Future Is In The Cloud
NetApp (NASDAQ:NTAP) has been a MarketBeat favorite since early in the pandemic. My colleague Jea Yu recently called the stock out as a defensive play citing its value, yield, and outlook for growth. The company’s push to the cloud is at the center of its su... Read the Full Story |
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Tech | | | Shares were mostly higher in Asia on Thursday, helped by progress toward rolling out coronavirus vaccines and talk of reaching a compromise on new help for the U.S. economy.
Shares rose in Hong Kong, Tokyo, Seoul and Sydney but fell in Shanghai.
The benchmark Nikkei 2... Read the Full Story |
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Politics | | | The U.S. said Wednesday it would block imports from a major Chinese producer of cotton goods because of its reliance on workers detained as part of a crackdown on ethnic minorities in China's northwest.
Customs and Border Protection issued an order halting shipments from the state-con... Read the Full Story |
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Politics | | | MOSCOW -- Coronavirus infections in Russia hit a new record on Thursday, as the country’s authorities reported 28,145 new confirmed cases -- the highest daily spike in the pandemic and an increase of 2,800 cases from those registered the previous day.
Russia’s total number of COVID-1... Read the Full Story |
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Politics | | | Hundreds of thousands of masked students in South Korea, including 35 COVID-19 patients, are taking the country's highly competitive university entrance exam despite a viral resurgence that has forced authorities to toughen social distancing rules Read the Full Story |
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Politics | | | President-elect Joe Biden swung behind a bipartisan COVID-19 relief effort and his top Capitol Hill allies cut their demands for a $2 trillion-plus measure by more than half in hopes of breaking a monthslong logjam and delivering much-sought aid as the tempestuous congressional session speeds to a c... Read the Full Story |
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Stocks | | |
With technology advancing at a blistering pace, investors should be on the lookout for companies that are at the forefront of the digital revolution. It’s easy to see why, as some of the biggest companies in the world by market capitalization are technology companies. Most investors understa... Read the Full Story |
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Markets | | | With yesterday’s closing bell, shares of Charles Schwab (NYSE: SCHW) finished at their highest level in two years and look to be on course to close out a phenomenal year. They’re now up a full 80% from the lows of Q1 and only 18% away from their all time highs, set back in 2018.
The mas... Read the Full Story |
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Stocks | | | The Cannabis Market Is Reversing
With the Alternative Harvest ETF (NYSEARCA:MJ) up more than 50% from its lows it is beginning to look like a major reversal is underway in the cannabis market. Not only are overcapacity and oversupply issues coming into alignment, but the Canadian cannabis pro... Read the Full Story |
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The Early Bird Stock Of The Day General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio. | | View Today's Stock Pick |
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