Good MorningThe FOMC held its June policy meeting this week and gave the market exactly what it wanted. The Fed says it will continue to support the economy via bond purchases and zero or near-zero interest rates through 2022.
The caveat is that near-term prospects are still dire. The economy is expected to contract sharply in the first half but just how sharply is yet to be seen. The Atlanta Fed’s GDPNow tool is tracking near the -50% mark for the 2nd quarter and the FOMC sees full-year 2020 coming in near -6.5%.
What investors need to focus on is the FOMC's outlook for rebound. Although there is going to be a sharp, severe contraction in GDP in the 2 nd quarter the rebound is already underway. The U.S. economy should see sequential quarterly growth resume as soon as the 3 rd quarter and accelerate over the next two to three. Featured: This Building Holds the Keys to Elon’s Kingdom (Ad) 
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Markets | | This Melt-Up Has Legs
The stock market, despite a widespread and possibly worsening global recession, has been chugging steadily higher for weeks. If you are still wondering why it is because the market is melting up.
In its classic sense, a stock market melt-up is when the market is faced with a ... Read the Full Story |
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From Our Partners | | Jeff Brown, the former tech executive who called the rise of Bitcoin, Tesla, and Nvidia years early, is tracking a new Elon Musk project he calls the most epic AI initiative in history.
The plan could give Musk access to 50 times more computing power than the rest of the world combined, a development Brown says is drawing attention from executives at Amazon, Microsoft, and Google.
Brown compares the scale of this project to the SpaceX IPO, which minted thousands of millionaires overnight. | | Click here to see the full details on Musk's next big move |
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Markets | | Restaurant gaming operator Dave and Busters (NASDAQ: PLAY) shares have quadrupled since its pandemic lows of $4.61 in March 2020. With all 137 locations shut down from the stay-in-shelter mandates since Mar. 20th, revenues have been frozen heading into the Q1 2020 earnings release. Due out Jun. 11, ... Read the Full Story |
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Markets | | Shares of data analytics platform Cloudera (NASDAQ: CLDR) got pummeled after reporting a (not so) surprising Q1 Fiscal Year 2021 earnings beat on June 3rd. The sell-the-news reaction underscores the recent market earnings reaction template. Stocks that rise sharply heading into an earnings release u... Read the Full Story |
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From Our Partners | | Three days into his second term, President Trump signed Executive Order 14178 a move the press barely covered.
Buried inside is what some call the legal groundwork for the biggest change to American money in over a century, with a key Treasury vote potentially as soon as January 18.
Ian King, Chief Strategist at Strategic Fortunes, breaks down what the order could mean for the dollar and the financial system. | | Read the full breakdown of Executive Order 14178 now |
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Markets | |
When it comes to finding companies to invest in that provide essential goods and services, you can’t go wrong with consumer staples. These companies produce the kinds of products that people buy on a consistent basis regardless of what the economy is doing. Since the demand for their product... Read the Full Story |
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Materials | | Scotts Miracle-Gro Rises After Guidance Update
It was just two weeks ago that analysts at Raymond James gave Scots Miracle-Gro (SMG) a double-downgrade from Strong Buy to Market Perform. According to them, the bull-case inspired by the pandemic was largely played out and the valuation was high. Ana... Read the Full Story |
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From Our Partners | | AI does not run on headlines. It runs on data centers, and data centers need power, cooling, advanced manufacturing, networking, and digital infrastructure.
A free StockEarnings briefing breaks down 9 public companies tied to the data-center buildout, including their competitive moats, growth catalysts, and key risks to watch.
As AI infrastructure becomes a real-world buildout, the companies supplying these bottlenecks may become harder for investors to ignore. | | Get the free 9-stock data center breakdown now |
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Markets | | Computer peripheral device and accessories maker Logitech International (NASDAQ: LOGI) shares have been scorching to new all-time highs as a beneficiary of the shelter-in-place mandates to curb the spread of COVID-19. This spurred an unprecedented demand surge for computer accessories as consumers u... Read the Full Story |
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Markets | |
The cruise line market may well be the single hardest-hit market in the whole history of the coronavirus outbreak. With ships full of sick people trying frantically to find docking berths and the idea of actually going on a cruise now about as palatable to some as going on safari wearing a suit ma... Read the Full Story |
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Markets | |
We know, if only anecdotally, that people watched a great whopping lot of streaming video during the coronavirus pandemic. Still are, in more than a few places where the lockdowns are still pretty close to where they were all through April. But a look at the overall streaming video market suggests... Read the Full Story |
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Markets | | For-profit hospital operator HCA Healthcare (NYSE: HCA) shares have been riding the coattails of the rally in the healthcare sector and the S&P 500 index (NYSEARCA: SPY) . Shares have nearly doubled off its March 2020 pandemic lows near the $58.37 Fibonacci (fib) level. However, a further look i... Read the Full Story |
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Markets | | Discounters Win In The Rush To Pantry-Load
It’s no secret the pandemic spurred a round of pantry-hoarding the likes of which we’ve never before seen. Staples giant and dividend powerhouse Clorox (CLX) said demand increases for some of its products topped 500% and that is no joke. 500%. ... Read the Full Story |
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The Early Bird Stock Of The Day Arcadia Biosciences, Inc. produces and markets plant-based food and beverage products in the United States. The company develops crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. Its food, beverage, and body case products include GoodWheat, Zola coconut water, ProVault topical pain relief, and SoulSpring. The company was incorporated in 2002 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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