Good MorningInvestors counting on the S&P 500 to hit new highs may be in for a disappointment. The action on Tuesday started out strong but by the end of the session, the broad market had given up its gains and moved into the red. The move was small but may foreshadow a much a deeper move yet to come. With the S&P 500 up nearly 50% from its post-pandemic low it is overdue for profit-taking if not a correction.
Longer-term, investors should remain focused on earnings. While not all S&P 500 companies are beating consensus for second-quarter earnings, the outlook for most can be described as better than expected. With the outlook for earnings in 2020 improving and growth expected in 2021, the odds of the S&P 500 hitting a new all-time high in the second half of 2020 remain very high.
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Stocks | | |
Things are constantly changing in the stock market, including which sectors are showing relative strength and helping the market tick upwards. While technology stocks have been roaring up higher for months, new economic data such as falling jobless claims and a slowdown in the number of COVID-19 c... Read the Full Story |
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From Our Partners | | A Historic Gold Announcement Is About to Rock Wall Street?
For months, sharp-eyed analysts have watched the quiet buildup behind the scenes. Now, in just days, the floodgates are set to open. The greatest investor of all time could validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent — and four tiny miners could be your ticket to 100X gains. | | Click here to get Garrett’s Top Four picks now. |
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Markets | | | Memory and storage semiconductor maker Micron Technology (NYSE: MU) shares haven’t been participating with the benchmark S&P 500 index (NYSEARCA: SPY) recovery nor the recent rise in the chip stocks tracked by the Market Vectors Semiconductors ETF (NASDAQ: SMH). The momentum was broken by ... Read the Full Story |
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Markets | | | Haverty Furniture Companies Is Emerging Stronger Than Before
Haverty Furniture Companies (NYSE:HVT) has been on my perma-watchlist for the last couple of years because of two things. The first was its outlook for growth, the second was its position as a dividend-payer with high probability for futu... Read the Full Story |
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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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Markets | | |
Shares of Tilray (NASDAQ:TLRY) stock are likely to start trading sharply lower after an earnings report that showed continued weakness in cannabis demand. Prior to the market open, TLRY stock is down over 10%. That puts its yearly decline at nearly 56% for the year. The S&P 500 Index, SPX, is ... Read the Full Story |
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Markets | | | it makes sense that shares of Sysco Corporation (NYSE:SYY) were among the hardest hit in during the selling. Now, months into the economic recovery, shares are still lagging the broader market rebound. Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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The Early Bird Stock Of The Day Jack in the Box Inc. operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California. | | View Today's Stock Pick |
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