Good MorningEquities market started the week on solid footing Monday with record closes for all three major indices. The indices all closed with gains in the range of 1.0% with price action led by the Dow Jones Industrials. The industrials have been lagging the broader market and tech since the rebound began and are now on the verge of catching up.
This week investors will need to watch out for a number of economic events including commentary from Fed Cheif Jerome Powell. Topping the list of economic announcements is the Friday release of Income and Spending figures but housing, labor data, and a GDP revision could each move the market. Regarding Mr. Powell, his words will be closely watched for indications of if and when the FOMC will next act. Another round of stimulus either fiscal or monetary is sure to keep the market moving to new highs.
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Markets | | | J.M. Smucker (NYSE:SJM) will release earnings for its fiscal year 2021 first quarter before the bell on August 25. At this time, analysts are projecting the company to post earnings of $1.69 per share Read the Full Story |
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At a quick glance, there’s not a lot to like about Children’s Place (NYSE:PLCE) stock. The company had to shutter its brick-and-mortar operations in response to the Covid-19 pandemic. And the stock is down nearly 200% for the year. Recent analyst ratings have not helped the business ca... Read the Full Story |
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Stocks | | | While it’s true that quite a few retail stocks are struggling mightily at the moment, certain companies are prospering. These businesses are seeing large increases in sales and are focused on expansion plans that could reward savvy investors over the long-run Read the Full Story |
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Markets | | | Spotify (NYSE: SPOT) was one of the hottest stocks in the market between mid-May and the end of June, with shares nearly doubling in six weeks.
The Swedish streaming company proved it was serious about becoming a podcast powerhouse during that period, signing exclusive deals with Joe Rogan, Warner ... Read the Full Story |
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Markets | | | Athletic and consumer footwear maker Skechers USA (NYSE: SKX) shares have sunk below its pre-COVID levels underperforming the benchmark S&P 500 index (NYSEARCA: SPY) for the year. Shares gapped up to $34.01 in reaction to Q2 2020 earnings release before melting back down to current levels in the... Read the Full Story |
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The Early Bird Stock Of The Day Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was incorporated in 2002 and is headquartered in Santa Barbara, California. | | View Today's Stock Pick |
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