Good MorningEquities market shrugged off warnings from Jerome Powell and Steven Mnuchin in favor of economic data. The warnings, the economic recovery is on an uncertain footing and tied to an even more uncertain pandemic. The data, Consumer Confidence surged 13 points to post the single largest one month gain on record and approach its pre-pandemic levels. For those betting on a quick rebound and earnings recovery, the consumer data is good news indeed.
The broad market S&P 500 gained nearly 2.0% in Tuesday action to cap the best quarter of gains since 2009. The market has advanced more than 36% since hitting its bottom in March and the gains are not likely over, not as long as the economic data continue to come in as it has been. The next major market mover is going to be the NFP report, due out on Thursday, and it is expected to be a big number.
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Sometimes, keeping things simple in the stock market is the best way to profit. If you notice a particular industry or stock that has been regularly gaining, riding the trend can be a very lucrative strategy. For example, take a look at a stock like Sea Limited (NYSE:SE). The e-commerce company&rs... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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The results are in. The Federal Reserve conducted its annual stress tests on the nation’s banks last week. As a reminder, the objective of the stress tests is to look at a bank’s liquidity under a worst case scenario. Wells Fargo (NYSE:WFC) was one of 33 banks with more than $100 billi... Read the Full Story |
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Gilead Sciences (NASDAQ:GILD) is struggling to hold onto gains in midday trading following the release of pricing for its Covid-19 treatment remdesivir. What would normally be seen as a home run for investors is meeting headwinds as consumer groups cry foul.
The company announced patients with pr... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Facebook (NASDAQ:FB) stock continues to decline during Monday trading as more advertisers continue to join a growing boycott of the social media platform. The sell-off started on Friday, June 26 when Facebook stock dropped 8.3%. The two-day decline has decreased Facebook’s market value by $6... Read the Full Story |
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All it takes is one successful cyberattack to cause significant damage to a company’s reputation for protecting its customer and its internal data. In today’s increasingly technology-dominated world, the ability to provide reliable cybersecurity services is becoming an essential servic... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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It’s hard to imagine a company taking their business public with an Initial Public Offering (IPO) at the height of a global pandemic and recession, but that doesn’t mean that every IPO in 2020 is doomed. In fact, you might even consider a company that moves forward with an IPO at this ... Read the Full Story |
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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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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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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 Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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