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Economy

“Job creation roars back in October as payrolls rise by 531,000”

“The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday. Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones… Continue Reading…

Economy

“Prices Reach An All Time High in October”

“EDITOR’S NOTE: A recently released Federal Reserve Bank of Dallas report on price hikes shows that “a record 50.5 percent of manufacturers had raised prices on their finished goods in October, while just 0.7 percent cut prices,” according to Breitbart.… Continue Reading…

Economy

“Job growth stronger than expected in October, unemployment rate slides to 6.9%”

“Employment growth was better than expected in October and the unemployment rate fell sharply… The Labor Department reported Friday that nonfarm payrolls increased by 638,000 and the unemployment rate was at 6.9%. Economists surveyed by Dow Jones had been looking… Continue Reading…

Stocks

“7 Overvalued Stocks Investors Should Sell This October”

“Just because a stock is trading near all-time highs doesn’t mean it’s overvalued. With that being said, it’s hard to imagine how these equities could be perfectly priced when you consider all they stand to lose… Tesla (NASDAQ:TSLA) Workhorse (NASDAQ:WKHS) Apple (NASDAQ: AAPL) Zoom (NASDAQ:ZM)… Continue Reading…

Stocks

“Best Dividend Stocks for October 2020”

“Up first is Lam Research Corporation (LRCX), which is a leading semiconductor company that is consistently growing and raising its dividend. When deciding on a strong candidate for long-term dividend growth, I like to look for stocks showing near-term weakness. One-month performance: -5.85% … Continue Reading…

Stocks

“Penny Stocks to Watch for October 2020”

“Rekor Systems, Inc. (REKR)… Now that Rekor has taken a plunge back to $5.80 levels, is it still worthwhile investigating the company? Given its 92% quarterly revenue increase as of the most recent results and a debt retirement, I still… Continue Reading…

Banking, Economy

“$1,163,090,000,000: Federal Spending Sets Record Through December”

“The federal government spent a record $1,163,090,000,000 in the first three months of fiscal 2020 (October through December), according to the Monthly Treasury Statement released Monday afternoon. That was up $48,008,200,000 from the $1,115,081,800,000 (in constant December 2019 dollars) that the… Continue Reading…

Economy

“Employers post more jobs in October in sign of solid economy”

“The number of available jobs jumped in October after hitting an 18-month low the previous month, a sign the job market remains strong. The Labor Department said Tuesday that the number of available positions rose 3.3% to nearly 7.3 million. That suggests… Continue Reading…

Economy, Real Estate

“Pending US home sales fell 1.7% in October amid short supply”

“The National Association of Realtors said Wednesday that its pending home sales index, which measures the number of purchase contracts signed, fell 1.7% last month. The signed contracts become final purchases 1-2 months later. Still, declining mortgage rates over time have lifted… Continue Reading…

Predictions, Opinions, & Comments, Stocks

“Today is historically the single best day for the stock market all year”

“Oct. 28 has been the single best day of the year for stocks going back to 1950 with an average return of 0.54% on the S&P 500, according to Ryan Detrick, senior market strategist for LPL Financial. The S&P 500 hit… Continue Reading…