Good MorningThe equities markets continue to prove their resilience by holding post-pandemic highs into the close of last week’s trading. The S&P 500 closed on Friday with barely a budge from the previous day’s session and up nearly 3.5% for the week. While not a robust move, the action is bullish and proves the smart money unwilling to be out of the market ahead of next week’s earnings deluge.
Next week begins the peak of earnings season. There are 92 S&P 500 companies set to report including 8 Dow Components. To date, roughly three-quarters of companies that already reported for the quarter beat their estimates. Although the 2nd quarter cycle won’t be good regarding earnings growth it is shaping up to be much better than expected. The risk for traders now is the virus and how it may impact the second half of the year. If the outlook for earnings does not continue to improve the equity market could be in for another deep plunge.
Featured: This Gold Fund Aims To Outyield Newmont With Far Less Capital (Ad) 
|
Markets | |
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 |
|
From Our Partners | | On August 9, the Wall Street Journal profiled a unique AI strategy used by three companies. Whitney Tilson of Stansberry Research says one of them has returned more than Apple, Amazon, and the S&P 500 index combined in recent years.
One well-known Wall Street money manager reportedly has roughly half his entire fund in this stock. Tilson's free write-up names the company and ticker, with no subscription required. | | Click here to see the free stock report now |
|
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 |
|
Markets | |
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 |
|
From Our Partners | | Most investors rolling over an IRA or 401(k) never hear about IRS Code 408(m) - a decades-old provision that allows everyday Americans to hold physical gold and silver inside a retirement account.
Gold has reached record all-time highs, and Goldco's free Beginner's Guide to Gold IRAs walks you through the simple 3-step rollover process. Qualifying orders of $100,000 or more can earn 10% back in free silver. | | Request your free Gold IRA guide from a Goldco Metals Specialist today |
|
Markets | |
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 |
|
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 |
|
From Our Partners | | Bloomberg research shows the U.S. dollar's share of global reserves has fallen to the lowest level this century — and the consequences for your savings and investments could be severe.
President Trump has signed executive order 14241 to initiate the first full reset of the American dollar in 50 years. A new monetary anchor is being established — one that's not gold or crypto, but something far more unexpected that Vladimir Putin once called the key to world leadership. | | Read the full story on what this dollar reset means for your portfolio |
|
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 |
|
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 |
|
Markets | |
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 |
|
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 |
|
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 |
|
The Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
|
