Good MorningThe equities market was poised to make a big move after Wednesday’s report on labor conditions from ADP. According to ADP data, the number of new jobs created in June topped 2.3 million to come in well above estimates. The June figure was bolstered by upward revisions to the previous month that added more than 5 million jobs to the two month total. Needless to say, the news foreshadowed a strong NFP report and fueled the stock market melt-up.
With a strong economic recovery all but assured, traders are turning their focus toward earnings. Signs are emerging the analyst community has misjudged the S&P 500 earnings potential and that means better than expected results for the Q2 reporting cycle and upward revisions to support share prices. The peak of the season is still a few weeks away but next week promises to bring more of the same.
Featured: 2020: R.I.P. Stocks (Crowdability) 
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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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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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So...how do you feel about risk? There are investors out there who can't get enough of the stuff, and invest as Richard Branson lived for a good chunk of the last couple decades. There are others, meanwhile, who'd keep it at the barest minimum possible. For investors who crave risk, Tesla (NASDAQ:... Read the Full Story |
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Markets | | | Pool Corporation (NASDAQ: POOL) stock increased by more than 2% yesterday; shares are now less than 1% away from breaking out to fresh all-time highs.
POOL distributes swimming pool maintenance products, equipment, and building materials through its sales centers. Some of the company’s produc... Read the Full Story |
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The big question heading into FedEx's (NYSE:FDX) fourth-quarter report was whether a pandemic-driven online shopping spree would outweigh lower business shipping volumes. The answer is a resounding yes.
The delivery and logistics giant announced a 2% decline in revenue to $17.4 billion but adjust... Read the Full Story |
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The Early Bird Stock Of The Day Citizens Financial Group, Inc. operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves corporate banking, healthcare, technology, asset finance, franchise finance, leasing, asset-based lending, commercial real estate, mid-corporate, and private equity sponsor industries. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island. | | View Today's Stock Pick |
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