Good MorningThe equity markets were able to tread water for a second day on Tuesday and managed to set a new high in the process. The S&P 500 hovered between gains and losses most of the day, trading in a very tight range, before moving higher at the end of the session. Despite the smallness of the move, the S&P gained only 0.36%, the technical implications for the market is very bullish. The S&P 500 is poised to set a new all-time high, all we need now is a catalyst.
The July non-farm payroll report could be it. The NFP is expected to show a net increase in job creation but there is a risk the figure will miss expectations. Consistently high numbers of initial jobless claims are only one reason for the market to fear. Regardless, with the S&P 500 trading at fresh highs and above previous resistance there is more risk of the market higher than not. Earnings in the second quarter and outlook for the year have been much better than expected and could easily drive the index higher over the coming weeks.
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Markets | | 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... Read the Full Story |
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From Our Partners | | The government just committed $200 billion to building computer chips on American soil - one of the largest technology bets in U.S. history.
George Gilder, who has tracked technology signals for over 40 years, believes Washington just tipped its hand. He says this move points to a coming shift in computing that could leave today's machines behind - and most investors have already moved past the headline. | | See the signal George Gilder is reading before the market catches on |
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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... Read the Full Story |
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I know that most companies could say they need a good break or two, but in the case of Amarin (NASDAQ:AMRN) it has a particular meaning. The company just reported second-quarter 2020 earnings and it was a mixed bag. The company had an easy beat in earnings per share, but it missed on revenue.
But... Read the Full Story |
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From Our Partners | | Saudi Arabia has terminated its 1974 petrodollar agreement with the United States - the deal that forced every country on Earth to hold U.S. dollars to buy oil. Since then, Saudi Arabia has signed a $7 billion currency swap with China, begun settling oil in digital yuan, and joined China's cross-border payment system, mBridge.
With 10-year Treasury yields pushing toward the 4.4% danger line and global dollar demand in retreat, gold is being repriced. There's one asset that still trades at a steep discount to gold's current price - a rare opportunity to leverage the metal's continued rise. | | Learn how to position ahead of the dollar's continued decline |
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Markets | | A Surprise That Is No Surprise
Anyone not expecting Take-Two Interactive Software (NASDAQ:TTWO) to produce surprisingly strong results for the calendar 2nd quarter hasn’t been paying attention. The pandemic sparked a shift to digital that includes entertainment; In general, the analyst’... Read the Full Story |
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Markets | | Household and personal products maker Procter & Gamble (NYSE: PG) is often abbreviated P&G, but it may as well be called "B&H" for Buy and Hold. Fresh off one of its best annual performances, the stock continues to deliver outstanding shareholder value. And there's plenty more where that... Read the Full Story |
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From Our Partners | | Contributing to your 401(k) consistently is good financial behavior - but contributing and optimizing are two different things. High fees, heavy company stock concentration, and target-date funds that follow a formula rather than your situation can quietly erode your balance over time.
74% of U.S. millionaires work with a financial advisor - more than double the general population rate. A fiduciary advisor can review your 401(k) for fees, allocation, and alignment with your actual timeline. SmartAsset's free quiz matches nearly 50,000 people each month with vetted fiduciary advisors in their area. | | Take the free quiz to find a fiduciary advisor near you |
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Markets | | The #1 Pandemic Stock Is …
It’s hard to say, truly, which stock is the very best pandemic play because there have been so many great ones. Companies like Tractor Supply Company (NASDAQ: TSCO), Logitech (NASDAQ: LOGI), and Clorox (NYSE: CLX) have all proven their worth in today’s ... Read the Full Story |
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Markets | | Great Investments Are Where You Find Them
I will be honest. I first discovered McKesson Corporation (NYSE: MCK) by accident. Instead of typing in MKC for McCormick (NYSE: MKC), I keyed in MCK and up popped McKesson. Over the years I have come to appreciate that mistake very much for value and grea... Read the Full Story |
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Markets | | America’s Car-Mart (NASDAQ: CRMT), a US automotive retailer that sells used cars and finances the purchases, has roared back to within striking distance of February levels after losing more than three-quarters of its value between mid-February and mid-March.
The company, which operates 148 de... Read the Full Story |
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Markets | | That Was Then, This Is Now
There’s been growing speculation that tech, and specifically software, are in a bubble. The biggest comparison is the mad run-up to all-time highs set in the 1999/2000 time period but I have to say, that was then and this is now. Then, the market was speculating on ... Read the Full Story |
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Markets | | Sometimes with stocks, you’re better off not asking too many questions and just trusting your gut. From January 2017 to January 2018, shares of Paypal (NASDAQ: PYPL) ran up 120%. Since March of this year, they’re up about the same. For a $200 billion company, they sure know how to move a... Read the Full Story |
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The Early Bird Stock Of The Day DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates distribution substations and line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to various residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as air supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1849 and is based in Detroit, Michigan. | | View Today's Stock Pick |
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