Good MorningThe equity markets hovered in negative territory most of the day on Friday but moved up to set a new high by the end of the session. The move is a sign traders don't want to be short over the weekend because a stimulus spending bill is expected to be announced very soon. Democrats in the House helped move the deal along by backing down on the total cost.
In other news, a much-stronger-than-expected non-farm payrolls report helped to support the market. The report shows more than 1.75 million new jobs were added to the economy over the past month despite rising numbers of coronavirus cases. Although there is still risk, the U.S. economic recovery appears to be on track and gaining momentum. Next week, traders will be on the lookout for a raft of earnings reports and key reads on consumer inflation and retail spending.
Featured: 154%, 147% and 100% profits - before 12pm! (BehindtheMarkets) 
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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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Stocks | | | The Pandemic, It Changed Things
If there is one thing we can be certain of about the COVID-19 pandemic is that it changed things. Some for the worse, don’t get me wrong but, in terms of the market, some for the better. A few of the trends that have emerged include stay-at-home, work-from-home... 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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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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The Early Bird Stock Of The Day Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas. | | View Today's Stock Pick |
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