Fiverr International (NYSE:FVRR) Stock a Buy: Freelance Flier. The Latest: UK says 50M masks unusable over safety concerns . Capitol negotiators still stuck, still trying on virus aid.
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The Early Bird Newsletter

Thursday, August 6th

S and P pricesDow pricesQQQ prices
Good Morning

The market melt-up continued on Wednesday despite a much-weaker than expected unemployment figure from ADP. According to the nation’s largest employment services firm the number of new jobs created in July was only 175,000. That’s about a tenth of what the market was expecting and may confirm its worst fears; the economic downturn is accelerating.

Despite the news, the S&P 500 moved up to set a new post-correction high. The tech-heavy NASDAQ, the current market leader, set another new all-time high and looks like it will keep moving higher. What investors need to remember is the ADP and NFP may track in tandem over time, they are by no means correlated on a month-to-month basis. Regardless of what the NFP report tells us on Friday, the ISM Manufacturing and Services data point to a continued and expanding rebound within the U.S. economy.

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Markets

Fiverr International (NYSE:FVRR) Stock a Buy: Freelance Flier

What if you could find a company that combines two of the biggest catalysts in the stock market right now, the increased demand for e-commerce and the rise of remote work? The global pandemic has changed the way that people are working and created a unique opportunity for businesses that offer pro...

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Politics

The Latest: UK says 50M masks unusable over safety concerns

The British government says it won’t be using 50 million face masks it bought during a scramble to secure protective equipment for medics at the height of the coronavirus outbreak because of safety concerns

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Politics

Capitol negotiators still stuck, still trying on virus aid

After more than a week’s worth of meetings, at least some clarity is emerging in the bipartisan Washington talks on a huge COVID-19 response bill. Negotiators are still stuck but still trying. A combative meeting Wednesday involving top Capitol Hill Democrats and the postmaster genera...

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Markets

Nintendo profit zooms as virus has homebodies playing games

Nintendo Co.'s profit multiplied more than sixfold in April-June as people stuck at home during the pandemic turned to playing video games. The Japanese manufacturer of Pokemon and Super Mario games, as well as the Switch console, reported Thursday a profit of 106.4 billion yen ($1 b...

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Markets

Bank of England holds off more stimulus, sees slow recovery

The Bank of England held off providing more monetary stimulus on Thursday as Britain reopens after the pandemic lockdowns, but it warned it would take time for the economy to heal and unemployment would keep rising this year. While the central bank forecast that the economy would shri...

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Markets

Lufhansa see revenues drop 80%, no full recovery until 2024

German airline group Lufthansa on Thursday reported a net loss of 1.49 billion euros ($1.77 billion) for the second quarter, when the pandemic essentially shut down passenger traffic, and issued a sobering forecast for demand to not reach pre-virus levels before 2024. “Especially for ...

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Markets

Dillard’s (NYSE: DDS) Stock a Bargain Buy on Low Expectations

Dillard’s (NYSE: DDS) stock has had a difficult time recovering ground from pandemic lows made in February 2020. The reaction from the last earnings disaster set the bar very low for Dillard’s heading into the Q2 earnings report. Shares are underperforming the benchmark S&P 500 index...

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Markets

Is Apple Stock Starting To Look Frothy?

Shares of Silicon Valley giant Apple (NASDAQ: AAPL) have been on an absolute tear this summer, posting more than a 100% rally off Q1’s lows. The iPhone maker was one of the heavyweight tech companies that led equities from the front out of March’s lows in the stunning recovery that hasn...

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Markets

Jack In The Box (NASDAQ:JACK) Pops After Earnings

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 ...

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The Early Bird Stock Of The Day

Monster Beverage Corp

Monster Beverage Corp

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. Monster Beverage Corporation sells its products under the Monster Energy, Monster Energy Ultra, Monster Rehab, Monster MAXX, Java Monster, Muscle Monster, Espresso Monster, Punch Monster, Juice Monster, Monster Hydro, Caffé Monster, Predator, Live+, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play(stylized), Relentless, BPM, BU, Gladiator, Samurai, and Mutant brands The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, California.

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