Good MorningThe equity markets ended the first up-week in five on a sour note, falling across the board after traders learned President Donald Trump has COVID-19. The news may alter the course of the election but was largely shrugged off. Although the indices fell for the day on Friday they closed well-off the lows highlighting an underlying market resilience.
On the flip-side, it looks like House Majority Leader Nancy Pelosi and Secretary of the Treasury Steven Mnuchin are getting closer to a deal. While there are still hurdles to cross a late-day press-conference from Mrs. Pelosi inspired no small amount of confidence. The deal would include another round of stimulus payments as well as industry and state-specific aid. If passed, the news could trump all else and send the S&P 500 to a new high. The next week could be tough for the market, there is very little earnings or economic news on the calendar.
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Markets | | | For a while there last month, it was starting to look like Workday (NASDAQ: WDAY) was in trouble. Shares dropped close to 20% from August’s all-time high, which came about after the company reported stellar earnings. In the last week of that month, a double-digit percentage jump in year on yea... Read the Full Story |
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Back in the closing days of August, we took a look at Shake Shack (NYSE:SHAK), and found that its comeback from the dark days of COVID-19 was carrying on wonderfully. A little over a month later, we find that the company's comeback trail really hasn't hit any significant snags, and, better yet, a ... Read the Full Story |
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The global pandemic has already caused significant changes in the way that technology is used daily. Some companies are suffering from these changes while others are seizing the opportunity to gain market share and establish themselves as industry leaders. For example, Chegg (NYSE:CHGG) is a compa... Read the Full Story |
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Retail fashion department store operator Nordstrom, Inc. (NYSE: JWN) shares have been bleeding excessively in recent weeks firmly underperforming the benchmark S&P 500 index (NYSEARCA: SPY). The stock has fallen beyond the pandemic lows made in March 2020 forming a new decade low. Retail... Read the Full Story |
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Markets | | | The September Labor Situation Report, AKA the non-farm payroll report, came in a bit weak and is weighing on market confidence. With the pace of new job creation slowing the health of the economic recovery is in question. Read the Full Story |
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The Early Bird Stock Of The Day Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers. It markets and distributes its products primarily under the Whirlpool, Maytag, KitchenAid, JennAir, Consul, Brastemp, Amana, Bauknecht, Hotpoint, Indesit, InSinkErator, Yummly, Affresh, Gladiator, Swash, everydrop, Ignis, Privileg, Eslabon de Lujo, and Acros brands. The company sells its products to retailers, distributors, dealers, builders, and other manufacturers, as well as directly to consumers. Whirlpool Corporation was founded in 1911 and is headquartered in Benton Harbor, Michigan. | | View Today's Stock Pick |
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