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.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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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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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Consumer Discretionary | | 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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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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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Markets | | 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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Markets | | 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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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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It’s becoming a familiar phrase in 2020. But honestly, most analysts knew that, for most companies, second-quarter earnings would be brutal. And on a year-over-year basis that was true for Coca-Cola (NYSE: KO).
Earnings for the beverage company were down 33% on a year-over-year (YoY) basis.... Read the Full Story |
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Markets | | Aggressive Cost-Cutting May Not Be Enough
Haliburton (NYSE: HAL) reported earnings on Monday after the bell and did not give much in the way of good news. For the second quarter that is. The company reported quarter-to-quarter and year-over-year declines in revenue and earnings, saw weakness in all... Read the Full Story |
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When you think about the current state of the economy, it’s hard to imagine a lot of people heading out to buy houses during a pandemic-induced recession. With record unemployment and more and more borrowers having to delay their monthly mortgage payments, you might think that buying a new h... Read the Full Story |
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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.
The whisper number of earnings per share (EPS) of $2.16 suggests t... 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 seasonality... 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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