Good MorningDespite what is fast-becoming a much better than expected reporting season news from Washington, D.C., and fear of the COVID-19 pandemic sapped risk-on sentiment in Thursday's trading. From Washington, the word is that Republican lawmakers are still haggling over the details for a proposed round of economic stimulus. The impasse casts a shadow of doubt on whether the bill can be finalized before previously passed unemployment benefits expire.
On the pandemic front, the spread of COVID is accelerating in several places around the world raising doubts about the recovery. With cases hitting new highs in the U.S. daily the likelihood of further economic damage is very real. The fear now is that July’s non-farm payrolls report will show a slow-down in hiring or worse, a net job loss due to COVID related closures. The S&P 500 was up early in the day and set a new post-correction high but gave up the gains and more by the end of the day.
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Markets | | | Beating The Odds, Crushing The Estimates
It is no doubt that Tractor Supply Company (NASDAQ: TSCO) was expected to post a strong quarter. The company is at a nexus of trends driven by the COVID-19 pandemic that have consumer staying at home, improving their homes, and turning to outdoor activities ... Read the Full Story |
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Markets | | |
Hershey’s (NYSE: HSY) illustrates the fascinating part of being an investor in 2020. The company posted mixed earnings (beat on earnings, missed slightly on revenue). The company pointed out that overall sales volume declined by 7%. And yet HSY stock is up over 5% in afternoon trading. If th... Read the Full Story |
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Markets | | |
For anyone who believed that the race to find a vaccine for the COVID-19 coronavirus was just a matter of public safety, it turns out there are serious consequences for the first-movers as well. Just announced, the US government has agreed to buy 100 million doses of Pfizer (NYSE: PFE) and BioNTec... Read the Full Story |
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Stocks | | | In the post COVID landscape, it’s become very easy to see companies that are worryingly exposed to a global pandemic and those who can continue to grow their business and offer attractive returns. One of the most well-positioned industries for the latter group is e-commerce.
With no brick and... Read the Full Story |
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Stocks | | | The Trend In Earnings This Season Is …
There is a trend developing in the earnings reports that point to solid gains ahead for the S&P 500 (NYSEARCA: SPY). This trend involves guidance, results, and the analyst’s consensus. While not all companies are participating, it has a couple... Read the Full Story |
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The Early Bird Stock Of The Day As of January 15, 2021, Concho Resources Inc. was acquired by ConocoPhillips. Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of West Texas and southeast New Mexico. As of December 31, 2019, its estimated proved reserves totaled 1.0 billion barrels of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas. | | View Today's Stock Pick |
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