Good MorningInvestors breathed a sigh of relief on Tuesday after the first big reports of the earnings season were released. Reports from the likes of JP Morgan, Wells Fargo, and Citigroup were a mixed bag but suggest two things are true about the economy. The first is that the economic downturn did not have as big an impact on earnings as expected. The second is that current consensus figures for full-year 2020 are too low.
Equities markets advanced on the news although the action on Tuesday saw some volatility. The S&P 500 was up 1.35% by the end of the day although gains were capped by big tech. The S&P 500 Technology Select Sector ETF advanced a smaller 0.50% due to weakness in the FAANG names. The upshot is that both the ETF and FAANG stocks made solid bounces from key support levels so higher prices are still in the forecast.
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Markets | | Wendy’s (NASDAQ: WEN) shares were sold off when markets started tanking in February, going from around $23 to $6.80 in less than a month. But shares quickly rebounded, approaching $20 a share just a month after hitting the lows. Since then, the stock has sat in a tight base between $20 and $22... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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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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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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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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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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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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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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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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The Early Bird Stock Of The Day Angi Inc. connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals. The company's Ads and Leads segment connects consumers with service professionals for local services through nationwide network of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, mobile, and magazine advertising to certified service professionals, as well as services and tools, including quoting, invoicing, and payment services. This segment provides consumers access to online True Cost Guide, which provides project cost information for various project types, as well as a library of home services-related content. Its Services segment offers a pre-priced offering, pursuant to which consumers can request services through Angi and Handy branded platforms and pay for such services on the applicable platform directly; and provides professionals with access to a pool of consumers seeking service professionals and must validate their home services experience, as well as attest to holding the requisite license(s) and maintain an acceptable rating to remain on Services platforms. The company's International segment operates Travaux, MyBuilder, MyHammer, Werkspo, and Homestars home services marketplaces. The company was formerly known as ANGI Homeservices Inc. and changed its name to Angi Inc. in March 2021. The company was incorporated in 2017 and is headquartered in Denver, Colorado. Angi Inc. operates as a subsidiary of IAC Inc. | | View Today's Stock Pick |
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