Good MorningEquities markets continue to melt-up and, despite a seeming disconnection from reality, will probably keep rising over the coming days if not weeks. The #1 driver for equity prices is earnings and the trend for 2nd quarter results is that earnings and outlook are better than expected. Because of this, investors can expect the market to continue repricing at least through the end of the reporting cycle.
Another driver of the market melt-up is hope for another round of economic stimulus. House Democrats and Senate Republicans are deadlocked in the debate over the details and but a deal is expected soon. When its announced, the deal could be the catalyst to drive the S&P 500 to new highs. The risk for investors today is that negotiators will fail to reach consensus and spark another correction in the equity markets.
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Restaurants, in general, have not had a great second quarter, and as the numbers come back, we're seeing just how deep the damage went. Restaurant Brands (NYSE:QSR), the parent brand of several major franchise names, recently reported its earnings; though it turned in some positive numbers, and be... Read the Full Story |
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From Our Partners | | Sean Allison is hosting a free presentation on what he calls the Zero-Dollar Trade Advantage - a trading approach designed to help everyday investors participate in the market more strategically.
Whether you trade daily or occasionally, this session is built to offer a concrete alternative perspective - not a pitch, just a method. | | Reserve your free seat for the Zero-Dollar Trade Advantage session now |
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Consumer Discretionary | | Jack In The Box Serves Up A Tasty Report
I am not going to lie. Earnings at Jack In The Box (NASDAQ:JACK) are likely going to fall in fiscal 2020. Other than that, there is not one thing in the fiscal Q3/calendar Q2 report not to like. The company beat on all metrics and says its strength is still ... Read the Full Story |
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Markets | | With the S&P 500 index hitting post coronavirus highs and coming within 3% of pre crash levels, Wall Street was a sea of green on Tuesday. But one company shone above all others and that was The Mosaic Company (NYSE: MOS), the world's leading producer of phosphate and potash fertilizers for the ... Read the Full Story |
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From Our Partners | | A 50-year U.S.-Saudi arrangement established under Henry Kissinger - one credited with anchoring the dollar in global trade - is reportedly over. Analyst Garrett Goggin, CFA, CMT believes what follows could be the most significant dollar reset in modern history.
Goggin has recorded an emergency briefing outlining what investors should consider doing now - including one asset he believes is positioned to climb sharply, similar to how it performed during the currency turbulence of the 1970s. | | Watch the briefing now and see which asset Goggin is watching |
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Markets | | Upwork Is The Gateway To Work-At-Home
Upwork Inc (NASDAQ:UPWK) is a company close to my heart. It was only what, 10 years ago I began my journey as a financial blogger and my first big breaks came through Upwork. Over the last decade, I have used the site almost daily, weekly for sure, earning a de... Read the Full Story |
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Like many upstart restaurant chains, the COVID-19 pandemic has put a wrench in Shake Shack's (NYSE:SHAK) growth trajectory. Once a stock market darling for its rapid expansion and sales growth, the share price has been cut in half since climbing to a September 2019 peak above $105.
Investors have... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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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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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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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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The Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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