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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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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From Our Partners | | The markets have been brutal lately.
And if you’re like most investors, you’ve probably watched your portfolio swing wildly and wondered when the bleeding would stop.
Now imagine this…
Markets plunge yet again. Maybe tomorrow. Maybe next week. But this time, you’re not scared. You’re ready to profit. | | Click here to watch the free video before it disappears. |
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Markets | | |
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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Markets | | | Restaurant Brands (NYSE:QSR), the parent brand of several major franchise names, recently reported its earnings; though it turned in some positive numbers, and beat expectations, it shows us just how bad things were this quarter. Read the Full Story |
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From Our Partners | | Bitcoin is on fire again.
Wall Street’s piling in. ETFs are smashing volume records. And regular investors are finally starting to believe.
But here’s the twist:
Some of the biggest profits aren’t going to the people who hold Bitcoin.
They’re going to those who “skim” it.
Bitcoin Skimming has already CRUSHED Bitcoin’s returns. | | Click here to see how the strategy works for yourself. |
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Markets | | | 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 | | The AI boom isn’t just transforming technology—it’s redefining global power, increasing government debt, and ushering in more economic uncertainty.
Claim your FREE AI & Gold Report today and learn what central banks, investors, and analysts are seeing—and how gold can help protect your savings in an uncertain, AI-driven world. | | ▻ Get ahead of the trend—CLICK HERE to claim your FREE AI & Gold Report now! |
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The Early Bird Stock Of The Day Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. It operates a fleet of pad-optimal and superspec AC powered rigs in the Permian Basin and the Haynesville Shale. The company was incorporated in 2011 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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