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 case for trading fewer setups, not more (Ad) 
|
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 |
|
From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
|
Retail/Wholesale | | 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 |
|
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 |
|
From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
|
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 |
|
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 |
|
From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
|
Markets | |
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 |
|
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 |
|
Markets | |
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 |
|
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.
The whisper number of earnings per share (EPS) of $2.16 suggests t... Read the Full Story |
|
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 |
|
The Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
|
