Good MorningThe equity markets continue to drift upward in a melt-up that has all but recovered the COVID-19 inspired sell-off. The action on Monday was light and held within a tight range but set a new high in the process. Now, with the S&P within an easy strike of a new all-time high, the question becomes what happens next?
Monday’s action was supported by earnings and hope for another round of economic stimulus. The second-quarter earnings cycle has proven two things to the market and both of them are good. On the one hand, the economic downturn was not as bad as feared while on the other the outlook for the rest of the year is better than expected. Regarding the stimulus, the market is counting on more stimulus so if it doesn’t come we could be in for another big sell-off.
Featured: The Real Reason Stocks Could Rally in 2020? (Banyan Hill) 
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With so many growth stocks seemingly overbought and the market trading close to all-time highs, now might be the perfect time to consider adding some defensive stocks to your portfolio. The benefit of buying a defensive stock is that it will be able to provide you with stable earnings and reliable... Read the Full Story |
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Stocks | | | The Pandemic, It Changed Things
If there is one thing we can be certain of about the COVID-19 pandemic is that it changed things. Some for the worse, don’t get me wrong but, in terms of the market, some for the better. A few of the trends that have emerged include stay-at-home, work-from-home... Read the Full Story |
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Markets | | | Restaurant Brands (NYSE:QSR), the parent brand of several major franchise names, recently reported its earnings; though it turned in some positive numbers, and beat expectations, it shows us just how bad things were this quarter. Read the Full Story |
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From Our PartnersOne "original 7" electric car employee has beaten his former company to market on an energy innovation so powerful it can send a Tesla cross country without charging - 4 times. This small company behind it is facing demand that will lead to an unprecedented market surge. | | Click here for details. |
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Markets | | | Jack In The Box Serves Up A Tasty Report
I am not going to lie. Earnings at Jack In The Box (NASDAQ:JACK) are likely going to fall in fiscal 2020. Other than that, there is not one thing in the fiscal Q3/calendar Q2 report not to like. The company beat on all metrics and says its strength is still ... Read the Full Story |
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Genetic analysis specialist Illumina (NASDAQ:ILMN) dropped 11% last week following softer than expected second-quarter results. Both revenue and earnings fell short of the consensus estimates ending a streak of five straight quarterly earnings beats.
The challenging pandemic environment weighed o... Read the Full Story |
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From Our PartnersA former Home Depot clerk reveals his secret that made him millions of dollars. He's traded in his tool belt for a new Tesla, and is prepared to teach you exactly how to do it... | | Get the details here...
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The Early Bird Stock Of The Day Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. The company was incorporated in 1983 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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