Good MorningThe equities markets continue to prove their resilience by treading water in the face of an onslaught of news and uncertainty. Topping the list is a growing stalemate between Congressional and Senate leaders over how to proceed with the next round of economic stimulus. Republicans in the Senate want to extend enhanced unemployment benefits among a number of other measures but Democrats feel the offer falls short.
Also in focus on Tuesday is the Federal Open Market Committee. The FOMC announced it would leave its newly opened lending facilities active until year-end in an effort to stave off the effects of COVID-19 to the economy. The news came just a day before the regularly scheduled policy announcement and helped send the dollar to new lows. Most important to traders and investors, however, is the earnings. This week is the busiest of the earnings season and the bulk of reports are due out over the next two days.
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With the spot price of gold reaching new all-time highs of over $1,900 per ounce, it’s safe to say that the gold and precious metals market is heating up. Traditionally, gold is considered as a safe-haven asset or a hedge against the U.S. dollar, low-interest rates, and inflation. This could... Read the Full Story |
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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. 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,... Read the Full Story |
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Markets | | | 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. Read the Full Story |
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Markets | | | Fasteners Are In High Demand
Simpson Manufacturing Company (NYSE: SSD), like its competitor Fastenal (NASDAQ: FAST), is emerging as a sleeper-win in the post-pandemic age. The pandemic has people staying home, staying home has people fixing up their homes, fixing up homes means trips to Home Depot ... Read the Full Story |
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The Early Bird Stock Of The Day Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile. In addition, the company offers security gateways and software platforms that support small and medium sized business. Further, it provides cloud network security, cloud native application protection, security and posture management, cloud identity and entitlement, cloud workload protection, cloud detection and response, and cloud web application protection for web applications and APIs; and Check Point Harmony that delivers endpoint and secure connectivity for remote user access. Additionally, the company offers technical customer support programs and plans; professional services in implementing, upgrading, and optimizing Check Point products comprising design planning and security implementation; and certification and educational training services on Check Point products. It sells its products through distributors, resellers, system integrators, original equipment manufacturers, and managed security service providers. Check Point Software Technologies Ltd. was incorporated in 1993 and is headquartered in Tel Aviv, Israel. | | View Today's Stock Pick |
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