Early Bird Report for 9/22/2020

Good Morning

The major indices wobbled a bit in early trading on Tuesday but soon stabilized and began moving higher. The move was supported by comments from Fed Chief Jerome Powell and Secretary of the Treasury Steven Mnuchin in testimony to Congress. The two say the economy is rebounding despite obvious risks and stand ready to add support as needed.

The S&P 500 advanced more than 1.20% by the end of the day but the tech-heavy NASDAQ Composite led the session. The index appears to be putting in a bottom after the rout in FAANG names that brought it down to correction levels. With the third-quarter earnings season at hand, the odds of a deeper correction are getting hard to judge. This week's reports from Nike, Costco, and Carmax will dominate the market’s attention, any signs of strength or weakness are sure to spur investor activity.

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Stocks

3 SPAC Stocks for Investors to Watch

Before 2020, SPACs, or Special Purpose Acquisition Companies, were considered to be high-risk investments due to a lack of financial history and a variety of challenges that the companies face to comply with the SEC after they start trading. However, we have seen a lot of renewed interest in SPACs...

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Markets

UPS Stock Is Ready To Pop

UPS Delivers eCommerce Gains The chart of UPS (NYSE:UPS) looks like a stock about to pop. The stock has been trending in a tight range at an all-time high for weeks and the indicators are setting up nicely. Looking at the bigger picture, the fundamental story is more than bullish, and one tha...

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Markets

Playing Defense Is All That Aurora Cannabis Has Going For It

It’s hard to find a bullish argument for Aurora Cannabis (NYSE:ACB). ACB stock has fallen 74% for the year. And that’s not the worst news. The company’s stock has also fallen 16% since the middle of March at the onset of the pandemic. And while the stock got one bounce of nearly...

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From Our Partners

Could this be crypto's biggest Trump win?

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Markets

Buy O’Reilly (NASDAQ: ORLY) to Take Advantage of Surging Used Car Market

In August, used car prices recorded their highest monthly gain since March 1969, with prices jumping 5.4% from July. Those gains followed a strong July, when used car prices increased 3.4% over June levels. People are investing a lot of money into used cars, and automotive aftermarket parts supplie...

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Markets

It’s Time To Pull The Trigger On Walmart (NYSE:WMT)

Walmart Has Corrected, It’s Time To Buy Some More Shares of Walmart (NYSE:WMT) hit an all-time earlier this month driven by rising revenue, growing profits, and tailwinds from the pandemic. Since then, the stock has corrected more than 10% and offering up an attractive entry for long-term inv...

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From Our Partners

The Robotics Revolution has arrived

Robots aren't coming to America in 2025.

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Oxford Economics says, "The Robotics Revolution we predicted has arrived."

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The Early Bird Stock Of The Day

Thermo Fisher Scientific (NYSE:TMO)

Thermo Fisher Scientific Inc. provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the North America, Europe, Asia-Pacific, and internationally. The company's Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines, as well as diagnosis of infections and diseases; and solutions include biosciences, genetic sciences, and bio production to pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets. Its Analytical Instruments segment provides instruments, consumables, software, and services for pharmaceutical, biotechnology, academic, government, environmental, and other research and industrial markets, as well as clinical laboratories. The company's Specialty Diagnostics segment offers liquid, ready-to-use, and lyophilized immunodiagnostic reagent kits, as well as calibrators, controls, protein detection assays, and instruments; immunodiagnostics develops, manufactures and markets complete bloodtest systems to support the clinical diagnosis and monitoring of allergy, asthma and autoimmune diseases; dehydrated and prepared culture media, collection and transport systems, instrumentation, and consumables; human leukocyte antigen typing and testing for organ transplant market; and healthcare products. Its Laboratory Products and Biopharma Services segment provides laboratory products, research and safety market channel, and pharma services and clinical research. It offers products and services through a direct sales force, customer-service professionals, electronic commerce, and third-party distributors under Thermo Scientific; Applied Biosystems; Invitrogen; Fisher Scientific; Unity Lab Services; and Patheon and PPD. Thermo Fisher Scientific Inc. was founded in 1956 and is headquartered in Waltham, Massachusetts.

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Early Bird Report for 9/22/2020

Good Morning

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The Early Bird Stock Of The Day

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