Good MorningEquities markets tread water for a fourth day this week on Thursday but that is about to change. Market action was simmering in anticipation of earnings from market-leading stocks like Apple, Amazon, Facebook, and Google. Based on the results and the after-hours action the market liked what it saw so investors should brace for another updraft in the market.
The hurdle left to overcome is the all-time high set by the S&P 500 just before the COVID-19 pandemic struck. Based on the earnings it looks like a retest of that level is all but certain but a move to new highs may not be so easy. With the latest round of economic stimulus stalled out in the Senate, a move in the S&P 500 to touch the all-time could be the trigger to start selling once again. For those thinking of Thursday’s record-setting low GDP figures, the outlook for economic growth only gets better from here.
Featured: AI Meltdown Imminent: Dump These Stocks Now! (Ad) 
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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 | | | Sometimes with stocks, you’re better off not asking too many questions and just trusting your gut. From January 2017 to January 2018, shares of Paypal (NASDAQ: PYPL) ran up 120%. Since March of this year, they’re up about the same. For a $200 billion company, they sure know how to move a... Read the Full Story |
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Markets | | | With a seven-year trading range of $200 to $400 and every price in between, shares of Massachusetts based Biogen (NASDAQ: BIIB) know exactly what it’s like to be a biotech company where your future depends on your next drug.
Shares are currently bobbing along in the middle of that range after... 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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Markets | | | Juniper Networks (NYSE: JNPR) has been a favorite of mine over the last year for several reasons. Regarding its business, it is a maker of all-things networking-related and therefore fundamental to technology infrastructure. Read the Full Story |
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The Early Bird Stock Of The Day AvalonBay Communities, Inc. is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy. The Other Stabilized segment includes all other complete communities that have stabilized occupancy. The Development or Redevelopment segment consists of communities that are under construction. The company was founded by Gilbert M. Meyer in 1978 and is headquartered in Arlington, VA. | | View Today's Stock Pick |
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