Good MorningThe equities market started the week on positive footing rising nearly 1.0% in early-week action. Despite a lack of news or economic data, the expectation that 2nd quarter earnings are going to be better than expected continues to support the market. This week marks the beginning of peak season so be sure to expect some volatility if nothing else. Regarding economic data, there is very little on the calendar for investors to be wary of.
On a technical basis, Monday’s price action is very bullish because of one reason; the S&P broke above recent resistance to set a new post-correction high. The move suggests that bulls are still in control of what is fast-becoming an historic market melt-up. Assuming there are no major surprises in this week’s earnings or data investors should expect the S&P 500 to retest its all-time highs in a matter of weeks.
Featured: New Gold Bank Stock Set to Shine in Crisis Environment (Resource Stock Digest) 
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Markets | | | International Business Machines (NYSE: IBM) will be the first “cloud” stock to report. After the bell on July 20, investors will get their first look at how demand for cloud computing is holding up during the pandemic. Read the Full Story |
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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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Stocks | | | 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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Markets | | | A Hard Stock To Own
Cal-Maine (NASDAQ: CALM) is not such an easy stock to own, over the long-term, for two primary reasons. The first is that, as the nation’s largest consolidated egg-producer, it’s business is heavily dependent on demand, egg prices, production volumes, and season... Read the Full Story |
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The Early Bird Stock Of The Day Akamai Technologies, Inc. provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and cloud computing services, such as compute, storage, networking, database, and container management services to build, deploy, and secure applications and workloads. In addition, the company offers content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts. | | View Today's Stock Pick |
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