Good MorningThe stock market went on a wild ride Tuesday. The major indices, at first up following a strong day on Monday, fell on a double-shot of news that only means more volatility in the days ahead. The first news came from Fed chief Jerome Powell. Powell, in remarks to the National Association for Business Economics, said the risk of doing too much is small at this time. In his view, a lack of stimulus from Congress is imperiling the recovery, a recovery that would be much stronger if all branches of Government worked together.
The second news came in the form of a Trump Tweet. President Trump says he’s told his negotiators to cease talks about stimulus until after the election. The President says House Speaker Nancy Pelosi isn’t negotiating in good faith and prefers to make a deal after he’s won his second term. With no deal in sight the odds of a new S&P 500 all-time high might be slipping away.
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Markets | | | Few non-technology stocks have performed as well Domino's Pizza (NYSE:DPZ) this year. Shares of the pizza delivery company have climbed 47% year-to-date making it the 25th best performer in the S&P 500. Read the Full Story |
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Markets | | | Upgrades Will Drive The Market HigherThe 3rd quarter earnings cycle is yet to really begin but there is already a major theme emerging. Upgrades. The analysts have been upgrading their targets and ratings on the pandemic-proof and recovery stocks for the last month and the trend is accelerating. The... Read the Full Story |
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Markets | | | Dollar Tree’s Hiring Spree Is A Double-Dose Of Good NewsDollar Tree (NASDAQ:DLTR) announced plans to hire more than 25,000 new associates this month highlighting yet another opportunity for investors. The more is intended to fill vacancies in stores and distribution centers across the country ... Read the Full Story |
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Markets | | | Paychex, Inc (NASDAQ:PAYX) s a cloud-based HR, financial, and insurance services firm serving small and mid-cap businesses. Don’t think that the labor market is struggling because you heard that job growth slowed. Read the Full Story |
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