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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Transportation | | The Theme Of 3rd Quarter Earnings? Upgrades
If the theme of the 2nd quarter earnings cycle was “better than expected” then upgrades will be the theme of the 3rd quarter. It’s only natural. If 2nd quarter earnings and the outlook for the full-year are better than consensus the prog... Read the Full Story |
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Consumer Staples | |
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. Millions of Americans dusted off old recipe books and found their spice cabinets ... Read the Full Story |
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Retail/Wholesale | | 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. With isolation mandates lifted, the restart narrative has taken shape as limited in-dining... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Auto/Tires/Trucks | | 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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Medical | | 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 resolv... Read the Full Story |
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Consumer Staples | |
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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Medical | |
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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Basic Materials | | Cal-Maine Is A Speculative Buy Before Earnings
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. An unexpected ... Read the Full Story |
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Auto/Tires/Trucks | |
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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Retail/Wholesale | | 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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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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