Good MorningTraders betting on another major market correction may be disappointed. The market action on Thursday failed to carry through on Wednesday sharp dive and breakthrough support levels. Support, a price point at which investors can be expected to start buying the S&P 500 stocks, is above the 3,000 at the important 30-day moving average. The moving average is a measure of price action over the previous 30-days and represents the sentiment among short-term traders.
Because the moving average is moving higher, the sentiment is said to be bullish. With this in mind, Wednesday’s pullback in prices should be viewed as a buying opportunity. Looking forward, the outlook for economic rebound remains strong despite the growing shadow of COVID-19 resurgence. Investors hoping to avoid volatility in the coming weeks and month are reminded to stay focused on their investment plans and high-quality stocks.
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Shares of Groupon (NASDAQ: GRPN) got pumped up into June 10, 2020. This was the payable date of the 20-for-1 reverse stock split. Shares collapsed promptly from that day forward only to coil into the Q1 2020 earnings and collapse again. Shares collapsed twice on sell-the-news reactions, initially ... Read the Full Story |
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Markets | | | The Facts Are In, This Stock Is Worth The Money
A few days ago IHS Markit (NYSE:INFO) emerged as a quality buy for its value, growth and dividend so it is no surprise to me today the same is true for Factset Research Systems (NYSE:FDS). The fiscal third-quarter results were a mixed bag if you belie... Read the Full Story |
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Stocks | | | Restaurants have been among the biggest losers of the coronavirus pandemic. Forced to shudder their doors, the ability to offer curbside pickup and delivery has been a small consolation for many.
But Chipotle (NYSE: CMG) has bucked the trend. The fast-casual restaurant has been resilient in the fac... Read the Full Story |
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Stocks | | | Staying a few steps ahead of the latest stock market trends is one of the best ways to improve your profits. For example, being able to identify sectors that are either outperforming the overall market or ready to break out higher can end up paying nicely. One sector in the stock market had a pretty... Read the Full Story |
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Darden Restaurants (NYSE:DRI), the owner of Olive Garden, LongHorn Steakhouse, and other popular dining brands, reported better than expected results for the fourth quarter of fiscal 2020.
For the period ended May 31st, sales declined 43% to $1.27 billion and were in-line with the Zacks' consensu... Read the Full Story |
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The Early Bird Stock Of The Day Tableau Software, Inc., together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data. In addition, it offers Visual Query Language (VizQL) for databases, which is a computer language for describing pictures of data, including graphs, charts, maps, time series, and tables of visualizations; Live Query Engine that interprets abstract queries generated by VizQL into syntax understandable by database systems; and Hyper, an in-memory data engine technology that helps customers to analyze a range of data sets by evaluating analytical queries directly in the transactional database. Further, the company provides support, maintenance, training, and professional services. It serves organizations in various industries, including business services, energy and telecommunications, financial services, life sciences and healthcare, manufacturing and technology, media and entertainment, public sector, and education, as well as retail, consumer, and distribution industries. The company sells its products directly, as well as through indirect sales channels, such as technology vendors, resellers, original equipment manufacturers, independent software vendor, and distributors in the United States, Canada, and internationally. Tableau Software, Inc. was founded in 2003 and is headquartered in Seattle, Washington. | | View Today's Stock Pick |
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