Good MorningThe equities market got off to a positive start this week despite the negative finish to the prior week. The S&P 500, while not huge, was able to post a gain for the day and hold it into the close of trading. The action shows traders are optimistic about the coming earnings deluge despite the risks posed by COVID-19. This week is the busiest of the Q2 reporting cycle and includes reports from all the big-Tech names.
On the economic front, there are a number of events this week for traders to be aware of. Data points of interest include Personal Income and Spending, the 1st estimate for 2nd quarter GDP, and the latest FOMC decision on interest rates and monetary policy. Regarding GDP, the consensus is calling for the single largest contraction in U.S. GDP ever recorded. The risk for the market is that the figure will be better than expected and add fuel to what is already a historic market melt-up.
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Markets | |
McDonald’s (NYSE: MCD) appears to be a solid buy as the iconic fast-food chain prepares to report revenue on July 28. The company’s earnings are expected to reflect how deeply the Covid-19 pandemic affected every part of our economy.
According to FactSet, McDonald’s is expected ... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Consumer Discretionary | |
Boyd Gaming (NYSE: BYD) will report earnings on July 28. The numbers are likely to be dreadful as the company will report on business activity from April 1 through June 30. During this time, the Covid-19 pandemic forced the closing of all of Boyd’s 29 properties.
How bad do analysts expect ... Read the Full Story |
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Markets | | An IPO Many Missed
Albertsons Companies (NYSE: ACI) is not a new name for investors, far from it. The company, as an investment opportunity, has been around for quite some time but its shares made their public debut just a month or so ago. Previously held by a consortium of private investors, the ... Read the Full Story |
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From Our Partners | | Roger Scott just unveiled a day-trading tool designed to identify the first wave of institutional buying before a full order moves through the market - potentially in minutes.
On April 14th, the tool flagged early institutional buys on HOOD at 9:45 am, delivering a 24% return in 6 minutes. Minutes later, a signal on MSTR locked in a 33% return in 12 minutes. Free access is available now. | | Secure your free pass to the real-time institutional order tracker today |
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Markets | | High-Yield Not Likely To Lag Much Longer
When the COVID-19 pandemic began one of the very first things I started to do was highlight the asset classes, sectors, industries, and companies investors should turn to in times of trouble. Among them were and are the high-yielding stocks including REITs, ... Read the Full Story |
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Markets | |
The COVID-19 pandemic has had a profound impact on most U.S. industries. Retailers have been hit especially hard as housebound and cautious consumers have kept store traffic to a minimum.
Yet while many retail businesses have struggled, others have thrived. Some have largely benefitted from near-... Read the Full Story |
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From Our Partners | | Roger Scott spent twenty years on Wall Street moving billions through the market. Now he's exposing the 'empty chair' signal he says sits behind the most stunning stock moves retail investors rarely hear about.
The same signal reportedly triggered a 138% return on WMT in two weeks and a 157% return on Cencora in one week, according to his research. | | Watch Roger Scott reveal the empty chair signal today |
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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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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 |
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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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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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The Early Bird Stock Of The Day Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services. This segment serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking services. This segment serves high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. The company also provides asset management services, such as active and passive equity; active and passive fixed income; cash management; muti-asset and alternative asset classes comprising private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. In addition, it offers overlay and other risk management services. Northern Trust Corporation was founded in 1889 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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