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 | | A small Colorado company has secured rights to technology that could prevent the U.S. public power grid from collapsing — and billionaire Sam Altman is now an investor.
This under-the-radar firm is drawing serious attention from those watching the energy infrastructure space closely. | | Click here to learn this company's name for free today |
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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 | | Gold's major miners are generating record free cash flow, with margins as high as 75 percent even after gold's pullback from highs above 4000 an ounce.
Yet top junior mining assets remain priced as if gold were still stuck near 1800 an ounce, a gap analyst Garrett Goggin calls the Golden Anomaly.
With record cash on hand, majors may soon be forced to buy juniors to secure future production. | | See the junior gold assets majors may target next |
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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 | | Marc Chaikin, a 60-year Wall Street veteran, built a hypothetical basket of five AI stocks that averaged 137.3% gains in under a year.
His system previously flagged bullish signals on Nvidia before it rose 864%, Super Micro Computer before it surged 2,346%, Vertiv before climbing 611%, and AppLovin before gaining 539%.
Now he's unveiling a new project called the 401ai, aimed at identifying tomorrow's top AI performers early. | | Watch Marc Chaikin's 401ai video and see his next AI picks |
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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 Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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