– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

7:30 AM – MORNING MARKET UPDATE & WATCH LIST

It was another tame day yesterday, the Dow closed lower by -1.6 points, the S&P 500 made another record high, closing up +2.5 points as the Nasdaq ended lower by just -3 points.


QUOTE OF THE DAY:

“To be successful, you have to have your heart in your business, and your business in your heart.”
– Thomas Watson


Walmart, America’s largest retailer and a bellwether of consumer health and the retail sector, reported upbeat results which are seen as a sign American consumers are confident heading into the holiday season.

Today’s U.S. retail data to be released at 8:30 AM could further lift sentiment. Sales are expected to have climbed +0.2% in October, compared to a -0.3% decline the previous month. We also have the Empire State manufacturing survey for November, which posts at the same time.

In an address before Congress, Federal Reserve Chair Jerome Powell said that the path of interest rates may not change as long as the economy keeps growing. The Labor Department reported that the Consumer Price Index rose a bit more than forecast in October, gaining +0.4%, which was a little above the consensus target rise of +0.3%. That uptick suggests that the economy now is pressing ahead modestly and is in no danger of falling into recession anytime soon.

This morning, stock futures point higher. Markets in Europe opened mixed, while stocks in Asia rose outside China.

For earnings, J.C. Penney and China’s largest online retailer and biggest overall retailer, JD.com report results before the open.

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BREAKOUT ALERT UPDATE: 

Our FNF, GIB and FAF all closed at a new all-time high, yesterday. Volume on each did, however, lack conviction, Thursday.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

CTAS – Recovered somewhat from Wednesday’s gap down.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

NOTE: These stocks were first featured in my “Stock WatchList: Morning Update” before they broke out. You can now start receiving my “Stock WatchList: Morning Update” each market morning through the BuyingBreakOuts website for only $9 a month or just $97 for an entire year here.

Questions? – Click here.

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BuyingBreakOuts.com

“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”

Start Receiving Our Free BreakOut Alerts

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WATCHLIST UPDATE:

No matter the market, I always have a current watch list ready. There are now 7 stocks that we will be watching for a traditional break out to new highs.

Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.

Questions? – Click here.

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About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy. Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace. Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.

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Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.