Good MorningThe equities market finished out the second down week of two with a volatile day on Friday. The major indices began the session in positive territory only to give up the gains and retake them later in the session. The trading action is indicative of indecision within the market and may lead to more selling in the coming week. Next week is going to be another hurdle for the equities market. The economic calendar is filled with potentially market-moving events including a meeting of the FOMC.
The FOMC is not expected to alter rates but may surprise the market with comments or outlook. The business inventory data may be a more important figure to watch. With S&P 500 companies reporting double-digit inventory declines across industries the data could show a larger than anticipated contraction. Contracting inventories is good for the economy and will drive activity over the coming quarters.
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Communication Services | | Media network Fox Corporation (NASDAQ: FOXA) shares have been trying to recover since its pandemic meltdown in an attempt to recover back to its pre-COVID levels. While still vastly underperforming the benchmark S&P 500 index (NYSEARCA: SPY), shares are staging a recovery as live sports programm... Read the Full Story |
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Consumer Staples | |
Another Blow-Out Report From Kroger
Kroger (NYSE:KR) has been at the forefront of the pandemic rebound and is no danger of losing its position. The stock is up more than 30% from the pandemic bottom, revenue is still accelerating, and the stock is still a bargain. Trading at only 12X this year&rs... Read the Full Story |
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Healthcare | |
The race for a Covid-19 vaccine is dominating the news cycle. Dozens of companies from around the globe are participating in one of the more fascinating scientific quests of all time. A typical vaccine process for a novel condition like Covid-19 typically takes years. So is it really possible that... Read the Full Story |
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Consumer Discretionary | | Tailwinds Drive Zumiez To Surprise Profits
Zumiez Inc. (NASDAQ:ZUMZ) produced a surprising 2nd quarter in more ways than one. The company is heavily reliant on brick&mortar not to mention malls so was not expected to rebound very strongly but it did. The market failed to account for a couple of... Read the Full Story |
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Technology | | Zscaler Is A Cloud-Winner That Keeps On Winning
The number one most enduring trend sparked by the COVID-19 pandemic is an accelerated shift to digitization. There is evidence of it everywhere you look. Earnings from retailers are driven by eCommerce, businesses are navigating shut-downs and eCommer... Read the Full Story |
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Technology | |
Let’s face it. We live in a different world than we did just a year ago. Life is more complicated. And yet, in some ways it’s not complicated at all. The absence of some routine choices has simplified our lives in some ways. Just not necessarily in ways that we like.
One thing is cert... Read the Full Story |
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Markets | | It’s Time To Get Ready For The 3rd Quarter Reporting Season
There is a situation developing in the market that you need to know about. The analysts have begun to issue their updates and the news is good. I can’t say I haven’t been warning you, this was bound to happen, the consens... Read the Full Story |
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Consumer Discretionary | |
3 Strong Stocks to Consider Buying on the Dip
With millions of people stuck at home for a large portion of this year, we’ve seen some truly awe-inspiring moves in stocks that are involved in the e-commerce industry. These stocks have all been flying due to a permanent shift in the way t... Read the Full Story |
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Consumer Discretionary | | Upgrades Will Drive The Next Wave Of Buying
The market has entered a correction there is no doubt about it. The tech-heavy NASDAQ Composite is down nearly 10% over the past few trading days with the broad market and blue chips not far behind. Truth be told, it’s about time we had a correction... Read the Full Story |
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Consumer Discretionary | | Amazon (NASDAQ: AMZN) just did something it hadn’t done in five months: Touched its 50-day moving average.
On Friday, shares dipped a little below the 50-day, but quickly recovered and closed near the day’s highs.
Amazon has been one of the biggest pandemic winners. After shares droppe... Read the Full Story |
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The Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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