Good MorningTraders hoping for a bottom got some good news on Monday but it may be short-lived. The major indices, led by tech, regained more than 1.5% on bargain hunting and hopes the FOMC can continue to support the economy.
The FOMC is holding its regularly scheduled September meeting this week and expected to release a policy statement on Wednesday. There isn’t expected to be any change to policy but the committee will likely move the market with its statement. Comments about the economy, particularly risks to the economy, will be the news of the day.
Investors should also be wary of this week’s economic data. Aside from the FOMC meeting, there are the Retail Sales, Housing Starts, Building Permits, and Home Builders Index to be aware of and all are expected to be strong. Better or worse than expected figures will add volatility to the markets.
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As investors and traders, we need to pay attention to what stocks are showing relative strength to the overall market. For example, the stocks that showed strength during the selloff over the past few trading sessions give us a clue that they could be in for some big moves in the coming weeks. Som... Read the Full Story |
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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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Markets | | | 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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From Our PartnersThe coronavirus knocked the wind out of stocks.
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The Electric Car Market Is Going To Be Huge
The Electric Car market is going to be huge. If even only 10% of all cars globally go EV we’re still talking about exponential growth over the coming years. Total car sales are expected to top 70 million units globally in 2020 even with the pandem... Read the Full Story |
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The Labor Market Rebound Is Strong
There is still a lot of weakness in the labor market, don’t get me wrong, but the labor market is still strong and the rebound is on. Stocks in business with labor like Cintas (NYSE:CTAS) are in a clear position to survive the pandemic if not thrive in its... Read the Full Story |
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The Early Bird Stock Of The Day Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington. | | View Today's Stock Pick |
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