Good MorningThe S&P 500 hovered within a very tight range for the fourth day in a row on Monday. The broad market index continues to brush up against its all-time high but failed once again to hit the mark. The day’s trading was influenced by both hope and fear, hope that the U.S. Congress could finalize an additional stimulus bill and fear that it wouldn’t.
Market action was also influenced by the week’s roster of events. Regarding earnings, most of the big retailers from Walmart to Target, Home Depot to Lowes are slated to report and the expectations are high. Regarding economic data, the market is waiting for the release of Minutes from the last Fed meeting as well as key reads on manufacturing, services, and the housing market. If the earnings and economic data come in strong the market may not need another stimulus bill to push the S&P 500 above its all-time high.
Featured: I was wrong about Trump (Ad) 
|
Markets | | Steakhouse operator Ruths Hospitality Group (NASDAQ: RUTH) shares are starting to turn the corner on the monthly charts as restart narratives take shape. Restaurant stocks as a group are starting to see a recovery as pent up demand from consumers start to improve sentiment for carrying out and ... Read the Full Story |
|
From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough. | Click here to see why Tesla's about to prove everyone wrong... again. |
|
Markets | |
Any investor out there likely has a litany of stocks that they'd wished they'd bought in on before they became famous household names, or priced so enormously that buying a share requires a huge investment in its own right. Teladoc Health (NYSE:TDOC) increasingly seems to be one of those firms, an... Read the Full Story |
|
Markets | | Diversified healthcare company Opko Health (NASDAQ: OPK) shares have recently surged to 2018 highs at $6.47 from lows of $1.12 pandemic lows when the S&P 500 index (NYSEARCA: SPY) plunged (-34%) into March 2020. Read the Full Story |
|
From Our Partners | Most traders guess. This system doesn’t.
Using his Momentum Indicator, one trader turned $15K into $150K in six months — stacking 20–30% daily gains. Now he’s sharing 3 stocks flashing BUY right now, plus a free report showing how to trade them. | Claim your 3 stock picks + free momentum trading report |
|
Markets | | BorgWarner (NYSE: BWA) shares are now trading above pre-pandemic levels, after completing a V-shaped recovery, basing for a couple of months, and then breaking out.
While some companies’ numbers have improved since the onset of the pandemic, leading to increases in their share prices, BWA has... Read the Full Story |
|
Markets | | At the risk of damaging my own credibility, I am going to go out on a limb and say that I Iike Cryptocurrency. The technology is very interesting, the potential for application is limitless, and the values associated with it are mind-boggling. Read the Full Story |
|
From Our Partners | | CPA and CFA says you have WAY too many stocks - just buy these 3
After years working at the biggest accounting firms like Deloitte and KPMG, Joel Litman (who’s also a member of the Global CFA Institute) figured out a unique, less-risky way to grow rich in the stock market. Litman says you don’t need dozens of investments, overpriced advisers, or hedge funds. You just need these 3 stocks, which have helped Litman’s own mom earn 3,400%. | Click here to view… |
|
The Early Bird Stock Of The Day Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal. It owns and operates refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana, as well as biodiesel facilities in Crossett, Arkansas, Cleburne, Texas, and New Albany, Mississippi. The Logistics segment gathers, transports, and stores crude oil, intermediate, and refined products; and markets, distributes, transports, and stores refined products, as well as disposes and recycles water for third parties. It owns or leases crude oil transportation pipelines, refined product pipelines, crude oil gathering systems, and associated crude oil storage tanks; and owns and operates light product distribution terminals, as well as markets light products using third-party terminals. The Retail segment owns and leases convenience store sites located primarily in West Texas and New Mexico. Its convenience stores offer various grades of gasoline and diesel under the DK or Alon brand; and food products and service, tobacco products, non-alcoholic and alcoholic beverages, and general merchandise, as well as money orders to the public primarily under the 7-Eleven and DK or Alon brand names. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee. | View Today's Stock Pick |
|