Good MorningWhat began as a mild pull-back in prices Thursday morning gained momentum throughout the day to shave more than 5.0% off the broad market. Thursday’s action is the worst day the market has seen in nearly three months and may be an indication of more losses to come. The move was sparked by fear the economic reopening will be marred by rising COVID counts that could lead to another shutdown.
While Thursday’s action is bearish, investors are warned not to read too much into the sell-off. This week is triple-witching options expiration which is enough by itself to have caused the selling. On a technical basis, the S&P 500 was able to hold the 30-day moving average which often acts as a near-term support level. The risk now is that support won’t hold, if not the S&P 500 could slip to 2,800 or lower over the next few weeks. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
|
Markets | |
Shares of FuelCell Energy (NASDAQ:FCEL) stock are moving higher yet again. At the opening of trading on June 12, FCEL stock is up over 25%. The catalyst is an earnings report in which the alternative fuel provider beat on both the top and bottom lines. The stock is now making a run at its 52-week ... Read the Full Story |
|
From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
|
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 |
|
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 |
|
From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
|
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 |
|
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 |
|
From Our Partners | | Most options educators jump straight into Greeks, spreads, and implied volatility - losing beginners before they ever place a trade.
This free guide from Base Camp Trading takes a different approach, starting with the basics and showing you exactly how options work, why traders use them, and how they fit into a simple trading plan. | | Claim your free options guide and start building real trading knowledge |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
The Early Bird Stock Of The Day Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing. The company was founded in 1982 and is headquartered in Dublin, Ireland. | | View Today's Stock Pick |
|
