Good MorningEquities markets continue to shrug off COVID-19 risks in favor of economic recovery and future earnings. The S&P 500 gained more than a half percent on Monday with shares of tech stocks in the lead. Apple and Microsoft, market leaders before the pandemic, provided much of the lift.
This week, investors will be focusing on the upcoming earnings season. The 2nd quarter reporting cycle starts in about one month leaving little time for investors to position their portfolios. The outlook for earnings growth is dim, the consensus for the S&P 500 is close to -50%, but there are reasons for the market to be optimistic. Among them, a high-probability the S&P 500 will far exceed the consensus estimates for the quarter and, tied to it, a round of analysts upgrades for later in the year.
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Markets | | Beating The Estimates, And The Outlook Is Good
Smith & Wesson (SWBI) just reported a blow-out quarter, literally, and has the stock positioned for longer-term gains. The company's name was recently changed from American Outdoor Brands to Smith & Wesson Brands is the same great firearms comp... Read the Full Story |
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Markets | | Right From The Horses Mouth
I may be showing my age and/or upbringing by using adages like “straight from the horses” mouth but so what? For those in the know, it rings true and is a saying every trader should take to heart. After all, who better to know the fundamental condition of a c... Read the Full Story |
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Markets | |
In the last few months, advice from investment companies and brokerage firms and the like on when to “get back in the game” has flown hard and fast. We couldn't go much over a week without someone insisting that now was the time to “buy the dip”. Now, one more voice has kic... Read the Full Story |
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From Our Partners | | Jeff Brown recently traveled to a ghost town in the middle of an American desert…
To investigate what could be the biggest technology story of this decade.
In short, he believes what he's holding in his hand is the key to the $100 trillion AI boom…
And only one company here in the U.S. can mine this obscure metal. | Click here to get the details on this virtual monopoly. |
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Markets | | Shares of PVH Corp (NYSE: PVH) has started to retreat on its Q1 2020 earnings miss and rising fears of a second wave of COVID-19 stifling demand for its popular Calvin Klein, IZOD, Geoffrey Beane, Heritage and Tommy Hilfiger brands Read the Full Story |
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Markets | |
DraftKings (NASDAQ:DKNG), the world's top daily fantasy sports platform, has had little problem navigating the coronavirus pandemic. In fact, its thriving. But with American professional sports benched since early spring, how can this be?
At the onset of the COVID-19 outbreak, the stock's early 2... Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | Watch the Bitcoin Skimming strategy here |
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The Early Bird Stock Of The Day Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport, and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico. | View Today's Stock Pick |
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