Good MorningWednesday’s trading brought another day of disappointment to the market. Traders betting on an extension of Tuesday’s sell-off did not make money on Wednesday. The S&P 500, supported by a rapidly improving outlook for 2020 and 2021 earnings, advanced nearly 1.50%. The move extends the market rebound to a new high and brings the broad market index within only a few points of setting a new all-time high.
On the economic front, a surprisingly bullish read on consumer-level inflation reveals the recovery it still accelerating. The July read of the Consumer Price Index increased by 0.6% versus the 0.4% expected. The reading shows that not only is demand for goods still present but it is accelerating. With this data in the picture, the S&P 500 is sure to set a new all-time high very soon.
Featured: Gold hits $2000 record high - here's #1 way to play it for just $10 (Stansberry Research) 
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Investors have long relied on energy stocks to provide relatively stable earnings and frequent dividend payouts. However, since profitability in the sector is often tied to the price of crude oil, energy stocks have been on a wild ride this year. You probably remember when the price of crude oil f... Read the Full Story |
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From Our PartnersBill Gates sees HUGE potential. And the FDA has just "fast-tracked" this new technology. Approval could happen any day now, and send shares screaming higher. I'm talking about huge 1,000% gains in as little as a day for this tiny $4 stock. | | Go here for the urgent details. |
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Markets | | | Real estate investment trusts (REITs) are excellent ways for investors to add some real estate exposure to their portfolio without having to take on a multi-year mortgage and landlord responsibilities. Read the Full Story |
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Last week the average 30-year fixed-rate mortgage continue to slide lower to a fresh all-time low of 2.88%. While this is certainly good news for homebuyers, it has been a major boon to the homebuilder stocks.
The group's sharp rebound off its March 2020 low has been one of the key contributors t... Read the Full Story |
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From Our PartnersThere's plenty of growth in store for biotech. For one, the sector is still one of the safest, most recession-proof investments around. Two, an aging population will demand new, aggressive treatments to treat a myriad of issues. And three, with COVID-19 treatments desperately needed, biotech has taken center stage. | | Click Here to Download the FREE Report |
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Markets | | | Mobile videogame producer Zinga (NASDAQ: ZNGA) shares have benefit from the pandemic induced stay-at-home isolation mandates, but the economic restarts have caused shares to top out. Despite strong topline growth, Zinga shares are diverging with the rising S&P 500 index (NYSEARCA: SPY).. As cons... Read the Full Story |
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Markets | | | At one point during Tuesday’s session, shares of American Express (NYSE: AXP) were up more than 4% and one of the top performers in the Dow Jones Industrial Index. While they pulled back into the afternoon as equities saw some profit-taking, they still finished up on the day and up more than 1... Read the Full Story |
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The Early Bird Stock Of The Day American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. As of December 31, 2022, American States Water Company provided water service to 263,265 customers located throughout 10 counties in the State of California; and distributed electricity to 24,705 customers in San Bernardino County mountain communities in California. The company also provides water and/or wastewater services, including the operation, maintenance, and construction of facilities at the water and/or wastewater systems at various military installations. American States Water Company was incorporated in 1929 and is headquartered in San Dimas, California. | | View Today's Stock Pick |
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