Good MorningThe market got another jolt on Thursday when the Supreme Court ruled against Donald Trump. In a 7-2 decision, the court ruled that Trump must provide a copy of his financial information to the NY attorney general’s office. The decision casts another shadow over the incumbent’s election chances later this year and caused the market to sell-off. A Biden win is seen by most as a negative for the markets.
Thursday’s action was not all bad, however. On a technical basis, Thursday’s sell-off caused a retest of support that confirmed bullish sentiment still dominates the market. By the end of the day, the S&P 500 had reclaimed most of its losses after traders chalked the Supreme Court decision as another brick in the wall of worry. Earnings remain the biggest hurdle for the market. Next week things could get ugly. The peak of the earnings cycle begins with reports from the big banks. JP Morgan, Wells Fargo, and Citigroup all report before the open on Tuesday.
Featured: Tiny Massachusetts Company Awarded $75 Billion Patent (BehindtheMarkets) 
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Stocks | | | Electronic gaming products operator International Gaming Technologies PLC (NYSE: IGT) shares have been relatively muted during the sports betting app frenzy. Instead IGT has moved more in alignment with the benchmark S&P 500 index (NYSEARCA: SPY). Unlike many of the recent runups, IGT has much m... Read the Full Story |
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Retailers all across the spectrum have been having serious trouble lately. The coronavirus closures have done no one any serious favors, and most of the retail sector is still trying to recover. The news has been especially brutal for Bed Bath and Beyond (NASDAQ: BBBY), but as much as you ma... Read the Full Story |
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Markets | | | The Labor Market Is Hot, Hot, Hot
One of the trends emerging within the economy is a very strong rebound within the labor market. Of the 30 million-odd jobs that were lost during the pandemic, the data shows we are well on the way to recovering most of them. Some have been lost forever, don’t... Read the Full Story |
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Markets | | | With all the ups and downs that pharmaceutical and biotech companies go through, be it trials succeeding or trials failing, it’s not all that usual to find one whose stock seems to be on a consistent uptrend. But although it’s had its fair share of haircuts and volatility, on the long te... Read the Full Story |
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Markets | | | current circumstances surrounding the pandemic and need a way to figure out what to do with all of their data. This is one of the big reasons why Alteryx Inc (NYSE: AYX) stock has been performing so well.
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The Early Bird Stock Of The Day Cencora, Inc. sources and distributes pharmaceutical products. The company's U.S. Healthcare Solutions segment distributes pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers; provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; packaging solutions to various institutional and retail healthcare providers; clinical trial support, product post-approval, and commercialization support services; data analytics, outcomes research, and additional services for biotechnology and pharmaceutical manufacturers; pharmaceuticals, vaccines, parasiticides, diagnostics, micro feed ingredients, and other products to the companion animal and production animal markets; and sales force services to manufacturers. This segment also distributes plasma and other blood products, injectable pharmaceuticals, vaccines, and other specialty products; and provides other services to physicians who specialize in various disease states, such as oncology, as well as to other healthcare providers, including hospitals and dialysis clinics. Its International Healthcare Solutions segment offers international pharmaceutical wholesale and related service, and global commercialization services; distributes pharmaceuticals, other healthcare products, and related services to pharmacies, doctors, health centers, and hospitals primarily in Europe; and provides specialty transportation and logistics services for the biopharmaceutical industry. The company was formerly known as AmerisourceBergen Corporation and changed its name to Cencora, Inc. in August 2023. Cencora, Inc. was incorporated in 2001 and is headquartered in Conshohocken, Pennsylvania. | | View Today's Stock Pick |
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