Good MorningEquities markets are proving their resilience in the face of what is going to be a bad earnings reporting season. The average S&P 500 company is expected to see its earnings decline more than -40% in the quarter marking the worst contraction on record. The news supporting the markets is signs that second-quarter results and outlook for the end of the year are not as bad as feared.
The S&P 500 pulled back a bit from its freshly set high on Thursday but otherwise posted a quiet day of trading. While there are sign the earnings season will not be as bad as anticipated the market is not out of the woods yet. Less than 15% of the index has reported and the bulk of the reporting season is still ahead of us.
Friday’s earnings calendar is light but next week things change. Next week is not the busiest week of the season but not far off with over 100 names reporting. If the index is going to keep moving higher, we should know it by the end of next week.
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Whether or not you think the rally in tech stocks can continue, you can’t deny the fact that secular growth is occurring in the cloud computing space. There are plenty of new cloud services companies emerging that have a lot to offer investors in terms of growth and innovation. Even if techn... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Markets | | The Tides Are Turning
It was only a quarter ago that warnings from truckers and analysts alike sent the entire complex moving lower. Now, a quarter later, the tides are turning as economic rebounding gets underway. Bank of America issued it’s 2nd half trucking outlook to investors just the ot... Read the Full Story |
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California-based athletic equipment and apparel company Big Five Sporting Goods (NASDAQ: BGFV) has its rally cap on and investors may want to take notice.
On July 9th Big Five reported preliminary second-quarter results that caught the market off guard. After recording a net loss of 3 cents per s... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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On July 15, Goldman Sachs (NYSE: GS) posted earnings that blew away expectations. Goldman stock charged up nearly $10 at the opening bell, but has cooled off some. About two hours into trading the stock is up just over 1%.
This is leaving investors wondering what Morgan Stanley (NYSE: MS) will do... Read the Full Story |
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Markets | | There Are Three Kinds Of Stocks In This Market
One of the things I have noticed in today’s market is that many of the estimates for Q2 results and FY 2020, more so FY 2021, are too low. The analysts overestimated the downside and have since underestimated the upside potential of the market. T... Read the Full Story |
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From Our Partners | | SpaceX just went public - and Whitney Tilson, Harvard MBA and 30-year Wall Street veteran, says buying in could be a costly mistake. He calls it among the most overhyped, overvalued large-cap offerings ever pushed onto everyday investors.
Tilson believes a rare economic event is approaching - one with serious consequences for your portfolio this summer. He has prepared a free analysis outlining what he sees and the specific steps he recommends taking now. | | Read Tilson's free analysis and find out what to do with your money |
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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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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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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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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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