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.
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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 Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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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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Markets | | 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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From Our Partners | | TradeSmith CEO Keith Kaplan warns that AI's rapid rise has a dark side, threatening American jobs and livelihoods. He says now is the time to prepare before September 30th.
TradeSmith has invested $17 million in AI tools and built a platform used by 180,000 traders worldwide. One user, Stephen, credits it with building a $2.95 million retirement portfolio. | | See where Kaplan says to move your money before September 30th |
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Restaurants, in general, have not had a great second quarter, and as the numbers come back, we're seeing just how deep the damage went. Restaurant Brands (NYSE:QSR), the parent brand of several major franchise names, recently reported its earnings; though it turned in some positive numbers, and be... Read the Full Story |
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Consumer Discretionary | | 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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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Markets | | With the S&P 500 index hitting post coronavirus highs and coming within 3% of pre crash levels, Wall Street was a sea of green on Tuesday. But one company shone above all others and that was The Mosaic Company (NYSE: MOS), the world's leading producer of phosphate and potash fertilizers for the ... Read the Full Story |
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Markets | | Upwork Is The Gateway To Work-At-Home
Upwork Inc (NASDAQ:UPWK) is a company close to my heart. It was only what, 10 years ago I began my journey as a financial blogger and my first big breaks came through Upwork. Over the last decade, I have used the site almost daily, weekly for sure, earning a de... Read the Full Story |
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Like many upstart restaurant chains, the COVID-19 pandemic has put a wrench in Shake Shack's (NYSE:SHAK) growth trajectory. Once a stock market darling for its rapid expansion and sales growth, the share price has been cut in half since climbing to a September 2019 peak above $105.
Investors have... Read the Full Story |
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Markets | | Automotive tire and service company Goodyear Tire and Rubber Company (NYSE: GT) shares have recently peaked with a sell-the-news reaction to is Q2 2020 earnings reports. Shares briefly recovered to its February pre-pandemic levels before pulling back with the benchmark S&P 500 index (NYSEARCA: S... Read the Full Story |
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Although some investors view emerging markets as risky and volatile, that doesn’t mean you should avoid them entirely. Stocks from developing countries can offer huge profit potential and a nice way to diversify your portfolio if you invest in strong businesses. Since many U.S. equity valuat... Read the Full Story |
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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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