Good MorningThe stock markets got a jolt on Monday as the number of new cases of COVID hit a new all-time high in the U.S. The spike in cases is not unexpected but heightens fear of an exponential spread of the virus. All the major indices shed at least 2.0% intraday but some of the losses were regained before the close of the session.
In technical terms, Monday’s price action is not good. The S&P 500 fell below its short-term 30-day moving average where bearish traders may take control. If the index cannot regain the upper side of the average quickly a much deeper correction could be coming.
Looking at the so-called “fear index”, the VIX gained more than 20% intraday and set a two month high. The move in the VIX was strong and looks like it will move higher so traders and investors should be ready for increased volatility if not lower prices for the S&P 500. Featured: The 7 Best Stocks to Own in Summer 2025 (Ad) 
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It’s always interesting to see which companies become Wall Street darlings and which ones fade away into obscurity after going public. IPOs tend to attract a lot of attention because they offer investors the opportunity to invest in something new and potentially groundbreaking. However, inve... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough. | | Click here to see why Tesla's about to prove everyone wrong... again. |
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Markets | | | PetMed Express (NASDAQ:PETS), like its larger competitor Chewy, Inc (NYSE:CHWY), is well-positioned for the pandemic. As a 100% eCommerce play on pet care it is riding not one but three waves of growth Read the Full Story |
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Markets | | | Hasbro Moves Lower After Market-Beating Report
Shares of Hasbro (NASDAQ:HAS) began to move higher on Friday after its competitor Mattel (NASDAQ:MAT) surprised the market. According to Mattel, there is strong COVID-inspired demand for toys and at-home entertainmentthat should carry through the holid... Read the Full Story |
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From Our Partners | | A Historic Gold Announcement Is About to Rock Wall Street?
For months, sharp-eyed analysts have watched the quiet buildup behind the scenes. Now, in just days, the floodgates are set to open. The greatest investor of all time could validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent — and four tiny miners could be your ticket to 100X gains. | | Click here to get Garrett’s Top Four picks now. |
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We've been following Gilead Sciences (NASDAQ:GILD) since April, and the company's efforts to treat the coronavirus have finally delivered some very big results. While its primary coronavirus treatment vehicle remdesivir had previously received FDA approval on an emergency basis, the agency has tip... Read the Full Story |
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Markets | | | Domino’s (NYSE: DPZ) became a victim of its own success. After a Q2 earnings smasher, expectations were sky-high.
DPZ shares rallied heading into the Q3 earnings release, and then… Domino’s missed.
Yes, that gap down came right after earnings.
Revenue Beat Overshadowed by Ear... Read the Full Story |
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From Our Partners | | CPA and CFA says you have WAY too many stocks - just buy these 3
After years working at the biggest accounting firms like Deloitte and KPMG, Joel Litman (who’s also a member of the Global CFA Institute) figured out a unique, less-risky way to grow rich in the stock market. Litman says you don’t need dozens of investments, overpriced advisers, or hedge funds. You just need these 3 stocks, which have helped Litman’s own mom earn 3,400%. | | Click here to view… |
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The Early Bird Stock Of The Day PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1882 and is based in Albuquerque, New Mexico. | | View Today's Stock Pick |
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