Good MorningEquities markets got off to a great start on Monday. News that two COVID-19 vaccines had been fast-tracked changed the market’s entire narrative. Now, it’s not about if there will be a vaccine but when and that sentiment is driving the markets higher. In addition, this week is the start of earnings season and the signs are building the pandemic has had a smaller impact on results than feared.
This week will be dominated by results from the big banks but they are not the only to report. JPM Morgan, Wells Fargo and Citigroup all report on Tuesday. Later in the week earnings reports from intermodal-shipping giant JB Hunt and United Health may move the market. There is a full slate of economic reports to keep in mind. Most are for the June time period so should be good relative to the previous month, enough to keep the market melting up, anyway.
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Markets | | Wedbush Doubles-Down On Secular Tech Winners
Last week, in a letter to shareholders, Wedbush doubled-down on big-tech names calling for another 20% to 30% upside for secular winners. The analysts say Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) will be the biggest winners during the next phase... Read the Full Story |
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As earnings season approaches, investors are on the lookout for companies that offer a good entry point with the potential to head higher on positive results. The truth is that it can be quite difficult to trade earnings since you have to be right on how the market reacts to the release as well as... Read the Full Story |
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Markets | | A Tale Of Two Drug-Stores
Neither CVS Health Corporation (NYSE: CVS) nor Walgreens Boots Alliance (NASDAQ: WBA) has staged much of a rebound in the post-pandemic world. This is surprising given their status as the largest retailers of staple, consumer-oriented, healthcare products in the post-pande... 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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Markets | | Electronic gaming products operator International Gaming Technologies PLC (NYSE: IGT) shares have been relatively muted during the sports betting app frenzy. Instead IGT has moved more in alignment with the benchmark S&P 500 index (NYSEARCA: SPY). Unlike many of the recent runups, IGT has much m... Read the Full Story |
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Retailers all across the spectrum have been having serious trouble lately. The coronavirus closures have done no one any serious favors, and most of the retail sector is still trying to recover. The news has been especially brutal for Bed Bath and Beyond (NASDAQ: BBBY), but as much as you may wan... 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.
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Markets | | With all the ups and downs that pharmaceutical and biotech companies go through, be it trials succeeding or trials failing, it’s not all that usual to find one whose stock seems to be on a consistent uptrend. But although it’s had its fair share of haircuts and volatility, on the long te... Read the Full Story |
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The corporate world is treating data like gold these days. Just look at all of the companies in the cloud-computing and data analytics space and how their stocks have performed this year to see what the market thinks of the industry’s potential. Many companies are moving into the digital age... Read the Full Story |
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Markets | | The Labor Market Is Hot, Hot, Hot
One of the trends emerging within the economy is a very strong rebound within the labor market. Of the 30 million-odd jobs that were lost during the pandemic, the data shows we are well on the way to recovering most of them. Some have been lost forever, don’t... Read the Full Story |
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Markets | | Home fitness equipment maker Nautilus (NYSE: NLS) shares have seen a resurgence during the COVID-19 pandemic as stay-at-home orders forced people to find ways to stay in shape. While the shares fell in conjunction with the (-34%) plunge in the S&P 500 index (NYSEARCA: SPY) during the pandemic se... Read the Full Story |
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Markets | | With a 100% rally from February 2019 through February 2020, many investors of blue-chip chip stock Nvidia (NASDAQ: NVDA) were surely popping bottles and congratulating themselves on the completion of a stunning recovery. From a previous all time high set in October 2018, shares had fallen more than ... Read the Full Story |
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The Early Bird Stock Of The Day Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Old Forester, Early Times, Slane Irish Whiskey, Coopers' Craft, el Jimador, Herradura, New Mix, Pepe Lopez, Antiguo, Finlandia, Korbel Champagne, and Sonoma-Cutrer brands. It is also involved in the sale of used barrels, bulk whiskey, and wine; and provision of contract bottling services. The company serves retail customers and consumers through distributors or state governments; and retailers, wholesalers, and provincial governments directly. It has operations in the United States, the United Kingdom, Germany, Australia, Mexico, and internationally. Brown-Forman Corporation was founded in 1870 and is headquartered in Louisville, Kentucky. | | View Today's Stock Pick |
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