Good MorningThe equity market ended the fourth down week in a row on a very positive note. The major indices extended Thursday’s rebound to post gains in the range of 1.0% across the board. The rebound was led by the tech sector with Apple at the fore with one thing in mind; the third-quarter earnings cycle.
The analysts have already been upping their estimates for the 3rd quarter but the signs are clear the consensus targets are still too low. Reports from Costco, Nike, and CarMax were not only stronger than expected but show signs of acceleration. It will be a few more weeks until peak season is upon us but it looks like the correction is over. Until then, investors should be prepared for news-driven volatility. The biggest risk is to the upside. If Congress passes another stimulus bill the market should react favorably.
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With market volatility on the rise again and signs that an economic recovery might take longer than initially expected, now is the perfect time to look towards consumer staples for investment opportunities. These stocks are interesting because they are companies that produce essential goods that p... Read the Full Story |
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From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
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The frantic race to be first to market with a coronavirus vaccine just got a new competitor, and that's a point that's giving many out there a cause to sigh with relief. While we've seen some of the greats hit that Phase 3 testing position, now there's one more to hit that high ceiling, and it's N... Read the Full Story |
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There are so many advantages associated with Electric Vehicles, it’s only a matter of time before we see widespread adoption of them around the world. With benefits like lower costs, less maintenance, environmental tax credits, and eco-friendliness, it makes sense that there are plenty of in... Read the Full Story |
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Markets | | | CarMax Beats, Accelerating Trends Support GrowthThe entire used car market has been in focus this year. The industry experienced a hiccup when the pandemic struck but quickly recovered and even began showing strength. The shift to pre-owned vehicles, driven by rising prices for new cars, was acceler... Read the Full Story |
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Markets | | | Cal-Maine (NASDAQ:CALM) investors haven’t had an easy time of it over the past quarter. The stock was set up to advance on an expectation of dividend reinstatement but events out of anyone’s control had the oppositive effect. Read the Full Story |
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The Early Bird Stock Of The Day Tiffany & Co., through its subsidiaries, designs, manufactures, and retails jewelry and other items. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, and fragrances; and wholesales diamonds and earnings. The company sells its products through retail, Internet and catalog, business-to-business, and wholesale distribution channels. As of January 31, 2020, it operated 124 stores in the Americas, 91 stores in the Asia-Pacific, 58 stores in Japan, 48 stores in Europe, and 5 stores in the United Arab Emirates. Tiffany & Co. was founded in 1837 and is headquartered in New York, New York. | | View Today's Stock Pick |
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