3 Emerging Market Stocks to Consider Buying. Record heat, politics inflame Iraq's electricity shortages. Sony's profit up as people staying home play video games.
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The Early Bird Newsletter

Tuesday, August 4th

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Good Morning

Equity markets got off to a good start on Monday despite the lapsing of enhanced unemployment benefits. The move, a gain of less than 1.0% for the S&P 500, was driven by hope a new stimulus deal could be reached and soon. The sticking point is the benefit enhancement itself, Democrats want to extend the $600 payment while Republicans think a smaller amount is in order.

Monday’s move in the stock market is positive for another reason. The S&P 500 moved up to set a new post-correction high as it extends its historic market melt-up. Later in the week, traders will be looking for additional fuel for the melt-up in the labor data. The non-farm payrolls report is due out on Friday and could easily spark the rally that takes the S&P 500 back to its previous all-time high. The risk is that job losses have accelerated, news that could send the market back into a tailspin.

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Stocks

3 Emerging Market Stocks to Consider Buying

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...

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Politics

Record heat, politics inflame Iraq's electricity shortages

In Iraq’s oil-rich south, the scorching summer months pose painful new choices in the age of the coronavirus: stay at home in the sweltering heat with electricity cut off for hours, or go out and risk the virus. This is Zain al-Abidin’s predicament. A resident of al-Hartha district, ...

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Tech

Sony's profit up as people staying home play video games

Japanese electronics and entertainment company Sony Corp. has reported its April-June profit jumped 53% as its video game and other online businesses thrived with people staying home amid the coronavirus pandemic

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Politics

Trump nursing home plan limits supply of free COVID-19 tests

The Trump administration’s plan to provide every nursing home with a fast COVID-19 testing machine comes with an asterisk: The government won’t supply enough test kits to check staff and residents beyond an initial couple of rounds

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Politics

Trump fires TVA chair, cites hiring of foreign workers

President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, criticizing the federally owned corporation for hiring foreign workers. Trump told reporters at the White House that he was formally removing chair Skip Thompson and another member of the...

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China Must Pay Small Biotech

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Politics

GM alleges Fiat Chrysler spent millions to bribe UAW leaders

General Motors is asking a federal judge to reconsider dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union officials and GM employees with millions stashed in secret foreign bank accounts

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Markets

It’s Time To Buy (More) KLA Corporation (NASDAQ:KLAC)

KLA Corporation A Stock You Can Hold On To, And Like It KLA Corporation (NASDAQ:KLAC) reported earnings on Monday and blew away the estimates. Before I get to that though, I want to talk a minute about the company itself. KLA Corporation makes and services the equipment used in the manufacture of s...

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Markets

Goodyear Tire (NYSE: GT) Stock a Recovery Play Even During Rollbacks

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...

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Markets

Under Armour Continues Slow Recovery

At long last, beleaguered Under Armour (NYSE: UAA) has reported an earnings beat. It’s been a while but for once analysts have underestimated what the company was capable of. On Friday morning, the Baltimore headquartered athletics apparel company reported their Q2 earnings which beat on topli...

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The Early Bird Stock Of The Day

DTE Energy Co

DTE Energy Co

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 696 distribution substations and 442,700 line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 19,800 miles of distribution mains; 1,305,000 service pipelines; and 1,273,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its Gas Storage and Pipelines segment owns natural gas storage fields, lateral and gathering pipeline systems, and compression and surface facilities, as well as has ownership interests in interstate pipelines serving the Midwest, Ontario, and northeast markets. The company's Power and Industrial Projects segment offers metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. It also owns and operates 5 renewable generating plants with a capacity of 217 MWs; 23 landfill gas recovery sites; and 10 reduced emissions fuel facilities. Its Energy Trading segment engages in power and gas marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1903 and is headquartered in Detroit, Michigan.

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