💲 Another day, another 1% gain

5 Undervalued Tech Stocks to Buy Now
The ADP report that came out yesterday is a grim reminder of how big a predicament that we've put ourselves in by closing the economy.
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Good morning. I hope all finds you well as we begin another session. There was a headline used by MarketWatch that described the movement in the market with the phrase "the unbearable lightness of the stock market." As the market melts higher, is it unbearable? No matter if your bullish or bearish on the market, there is a sense of unbearableness to the way it's trading. The unnaturalness leaves everyone somewhat dissatisfied regardless if they're making money or not.



Now here's the rest of the news:
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MARKETS
DOW 26,269.89 +2.05%
S&P 3,122.87 +1.36%
NASDAQ 9,682.91 +0.78%
*As of market close
Stocks fell yesterday, as stimulus hopes and a weaker dollar fuels prices.
Oil fell 0.38%, as oil prices near $40.
Gold fell 1.94%, as the price closed at the $1700 support.
Cryptocurrencies traded higher, with Bitcoin finishing 0.73 % lower closing at $9650.

Today's TOP TIPS
5 Undervalued Tech Stocks to Buy Now
The technology sector has been a huge outperformer for well over a year. If you were to take a ratio of the tech-heavy Nasdaq 100 to the S&P 500, you would see the trend in the relative strength highly favor the Nasdaq since the December 2018 low. The following list is five tech stocks that are trading at relatively low valuations compared their sector and looking to lead in the second wave of tech buying.

» FULL STORY

As Markets Melts Up, Option Traders Eye Banks Next Wave Higher
Financials are starting to feel their oats as they continue to assume leadership. Part of the driving force on Wednesday had to be the rise in the 10-year U.S. Treasury yield. A steeper yield curve means greater potential to make money in a borrow short and lend long strategy. There were several notable trades on banks on Wednesday and the activity on Bank of America Corp (NYSE: BAC) looks the most bullish.

» FULL STORY

Multimedia Company Breaks Out Following 10% Owner Adding Another 1 Million Shares on Tuesday
Avid Technology, Inc (NASDAQ: AVID) missed analyst estimates significantly as the diminished activity during the COVID-19 closures hit close to home. While the company expects a strong rebound, the uncertainty appears to be extending through 2020. As the price was falling, Impactive Capital has come in and upped their stake by about 50% in recent weeks.

» FULL STORY

IN OTHER NEWS
Stocks rise for fourth straight session as markets shake off unrest, lousy ADP data
Fitbit announces new 'low-cost' emergency ventilator
Zuora shares jump 10% on earnings, revenue beat
Oil moves higher, hovers below $40 as doubts emerge over next step on OPEC cuts
Delta will extend social distancing through Sept. 30
The Nasdaq trades within 2% of a record high as the unbearable lightness of the stock market continues
Trump identifies five drugmakers most likely to produce a viable COVID-19 vaccine
US hits 33 Chinese firms, institutions with new trade restrictions
Snap Says It Will No Longer Promote Trump's Account
US to ban passenger flights from China

S&P 500 MOVERS
TOP
SPG 14.862%
MAC 14.229%
COTY 13.365%
BA 12.948%
M 12.931%
 
BOTTOM
CPB 6.133%
ATVI 4.193%
TTWO 3.938%
 
TSN 3.84%
NEM 3.779%

Quote of the Day
PWe conclude that these circumstances require the Department's action to restore a competitive balance and fair and equal opportunity among US and Chinese air carriers…Our overriding goal is not the perpetuation of this situation but rather an improved environment.
- U.S. Department of Transportation, quoted by BBC News

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