Good MorningThe equity market started the week off on solid footing gaining more than 1.75% by the end of the session. The move was supported by a combination of factors including last week’s economic data, a growing number of upgrades for the 3rd quarter earnings season, and President Trump’s return to the White House.
On a technical basis, the market action on Monday was very bullish. Not only did the S&P 500 move high for the day but it also confirmed support at the short-term moving average and set a new three-week going on one-month high. With price action moving up from the 30-day moving average the next target is the all-time high. If the 3rd quarter earnings reporting cycle is as good as it looks like it will be, the S&P 500 is sure to set a new all-time high very soon.
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Markets | | | One of the transformative events of the last few years has been the convergence of finance and technology. One of the ways that this transformation has played out is the emergence of stock trading apps Read the Full Story |
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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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Stocks | | | Demand For Trucks Surges On Tightening Capacity
The transportation sector and in particular the trucking industry is beginning to look very interesting. A perfect storm of conditions worsened by the pandemic has capacity tightening, demand rising, spot-prices for hauling increasing, and fleets stru... Read the Full Story |
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While Bristol-Myers Squibb (NYSE:BMY) isn't exactly lacking in reasons to consider it a household name, it recently figured that it could stand a little extra firepower on its side. To that end, the company recently shelled out a hefty $13.1 billion to buy MyoKardia (NASDAQ:MYOK), a much less-well... Read the Full Story |
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From Our Partners | | Washington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
It's happened before, and it's happening again.
The Department of Justice just admitted that cash isn't legally YOUR property. | | Get your free guide now by clicking here >> |
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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 | | | One year ago, hard seltzer was less than 1% of the total U.S. market for alcohol.
Now it’s 2.5%. And IWSR projects hard seltzer will roughly triple – again – by 2023. Consumers have been attracted to hard seltzer because they are low-calorie alcoholic options – and the delic... 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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The Early Bird Stock Of The Day WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities. The company also provides a range of loans, which comprise fixed and adjustable rate residential loans; commercial mortgage and commercial loans; commercial construction loans; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion and other business purposes; and consumer credit products, such as home equity loans, home equity lines of credit, automobile loans, unsecured lines of credit, and other secured and unsecured personal installment loans. In addition, it offers insurance products; planning and advisory services, investment management, trust services, and credit and deposit products to individual, corporate and institutional clients; retail securities and insurance brokerage services; mortgage and title services; residential mortgage and refinancing solutions; and leases small equipment and fixed assets, as well as provides financial planning, customized investment strategies, brokerage products, fiduciary, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, and deposit safe cash logistics services, as well as trustee, agency, bankruptcy administration, custodial and commercial domicile services. The company was founded in 1832 and is based in Wilmington, Delaware. | | View Today's Stock Pick |
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