Good MorningA rebound in equities gained momentum on Monday with a 1.65% increase for the S&P 500. Despite the gains, however, the index is on track to close out the month with losses but that’s not what the market is focusing on. The 3rd quarter earnings cycle is getting underway and the first signs are good. This week’s earnings calendar is a little light but includes some key names in the consumer staples sector.
Adding to the market’s bullish attitude is news that negotiators on Capitol Hill are working hard to pass another stimulus bill. Based on the byplay, the Democrats are still asking for too much but it looks like Republicans and Democrats are getting closer to an agreement. Another round of stimulus is likely to include another round of direct payments, payments that helped spur what we now know to be a vigorous economic rebound.
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Markets | | | When McCormick (NYSE:MKC) delivered earnings in June, the consumer carried the day. Despite surveys that say Americans don’t like to cook, it seems they did just that in the early months of our global pandemic. Read the Full Story |
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Markets | | | FedEx (NYSE:FDX) and UPS (NYSE:UPS) are emerging as a pair of multi-story plays. Not only have the two been successfully increasing pricing their businesses have been accelerated by the pandemic and more. Read the Full Story |
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Markets | | | Restaurant operator Brinker International (NYSE: EAT) shares have nearly doubled since our MarketBeat Original article highlighting the delicious entry on pullbacks under the restart narrative on May 20, 2020 Read the Full Story |
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From Our PartnersOne of Tesla's "original 7" employees has beaten his former employer, creating a battery technology so powerful it can send a Tesla across country without charging - four times. It's capable of charging in eight minutes, not hours. It's on the cusp of sparking a 20,300% market surge over the next decade. | | Click here for full story. |
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Markets | | | Thor Industries; Loving The Van Life
Thor Industries (NYSE:THO) just reported a strong quarter and improved guidance and I am not surprised. The #vanlife is a wildly popular and rapidly growing phenomenon that has only been accelerated by the pandemic (where have I heard that before?). Not only are... Read the Full Story |
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Markets | | | On Friday, Johnson & Johnson (NYSE: JNJ) released early results from the Phase 1/2 a clinical trial for its COVID-19 vaccine. One dose appeared to produce a strong immune response in 99% of the participants. There were some mild side effects, such as fever, headache, and fatigue, but they r... Read the Full Story |
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The Early Bird Stock Of The Day Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities. It invests in investment grade, non-investment grade, and non-rated classes. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Chimera Investment Corporation was incorporated in 2007 and is headquartered in New York, New York. | | View Today's Stock Pick |
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