Good MorningEquity markets reversed Thursday’s gains on a double-dose of bad news. First, the Federal Reserve stress tests of the U.S. banking system came up wanting. That means, despite the appearance of sufficient capitalization, the banks are at risk in the current environment. What it means for the equities market is no more share buybacks or dividend increases from the banking sector this year.
The second bit of bad news comes from Texas. The Lone Star State rolled-back its reopening plans, reinstating social-distancing lockdown measures, as the number of new cases skyrockets. The risk for markets now is that more states will do the same. The news was not all bad however, shares of discount retailer Big Lots surged nearly 30% after the company raised its full-year guidance to a range well above consensus. Next week, investors will be on alert for the June payrolls report, a figure that could make or break the market.
Featured: The case for trading fewer setups, not more (Ad) 
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Markets | | It’s taken a little longer than others, but by the time the bell rang to end Thursday’s session, shares of Accenture (NYSE: ACN) had not only reclaimed their pre-coronavirus levels but had closed above them. That means the consulting behemoth’s stock is at all-time highs, only two ... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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After climbing as high as 8% for the day, VMware (NYSE: VMW) shares are holding on to a gain of just over 2% in late day trading. Investors continue to digest rumors that parent company Dell (NYSE:DELL) will spin-off its $50 billion stake in VMware.
The move is perceived as being a potential cata... Read the Full Story |
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When you look at some of the hottest stocks in the market over the last few months, certain names immediately come to mind. Companies like Shopify (NYSE:SHOP) and Zoom Video Communications (NASDAQ:ZM) have become household names as they have vastly outperformed the majority of the market this year... Read the Full Story |
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From Our Partners | | Washington has taken an ownership stake in Intel, carved out a cut of Nvidia's and AMD's chip sales, and reportedly fielded an offer to own 5% of the largest AI company on the planet. The government is shifting from referee to shareholder in the most important technology race of the century.
When the rules change, the winning trades change with them. Some blue chips sitting in your index fund are now on the wrong side of this shift - while a select group of companies pulled into the new arrangement may be treated like national treasures. | | Watch the documentary to see which stocks to buy and sell now |
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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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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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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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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 | | 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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Markets | | 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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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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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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The Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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