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.
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Markets | | Cryptocurrency, You Have To Be In It To Win It
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. Bitcoin ... Read the Full Story |
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From Our Partners | | Under Executive Order 14299, President Trump has ordered the U.S. Army and Department of Energy to launch a bold new joint project on American soil.
Most people won't know this operation is underway - but its outcome could be pivotal to America's future. Chief Investment Strategist Adam O'Dell of Money and Markets has the full story. | | Click here now to see what the Army and DoE are preparing |
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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 |
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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 drive... Read the Full Story |
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From Our Partners | | Porter Stansberry says President Trump has signed an executive order initiating what he calls a full U.S. dollar reset - and most Americans don't know it's happening.
The last time America underwent a monetary shift like this, under Nixon in the 1970s, it minted an average of 1,300 new millionaires a day for over half a century. Stansberry has released a new documentary naming the assets he believes are positioned to surge as a result. | | Watch the free briefing and see the three steps to prepare today |
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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 |
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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. The diagnostic and pharmaceutical company has been a benefactor of the COVID-19 pand... Read the Full Story |
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From Our Partners | | There's a plan in Washington being called the 'Mar-a-Lago Accord' - a deliberate strategy to weaken the U.S. dollar through tariffs, currency pressure, and coordinated policy shifts designed to boost American exports.
A weaker dollar means every dollar you've saved buys less - quietly, without a headline or a warning. Smart investors are already repositioning before the slide accelerates. | | Discover 3 strategies to protect your wealth from a falling dollar |
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The more you knock on a door that’s not being answered, the more likely you are to turn around and walk away. From a technical perspective it’s similar with stocks when they’re trying to get past a certain level of resistance. The longer they spend trying, and failing, to get thr... Read the Full Story |
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Markets | | Bed Bath & Beyond Embraces eCommerce
Bed Bath & Beyond (NASDAQ:BBBY) is no fantastic stock, at least it hasn't been. Over the past few years, it has seen its share prices wind down to a two-decade low as eCommerce and discount shopping cut into revenue. When the pandemic struck, the company... Read the Full Story |
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These are dark times for mall owners. With malls coming off coronavirus closures that left them shuttered for weeks even as big-box stores like Costco (NASDAQ:COST) were allowed to carry on operating, the current environment is nothing short of cataclysmic. It shouldn't surprise, however, that mal... Read the Full Story |
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Markets | | It’s been a tough couple of weeks for ride-hailing apps Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER). After steadying the ship from a horrendous first half of the year that saw their core user demand evaporate overnight, a Californian court recently ordered both companies to classify their driver... Read the Full Story |
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Markets | | Cisco Systems Gives A Disappointing Report, Not
Cisco Systems (NASDAQ:CSCO) reported its 4th quarter 2020 earnings and blew past the consensus. The strength in numbers wasn’t all that surprising, as an Internet and communications infrastructure company it is uniquely poised to benefit from CO... Read the Full Story |
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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 |
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