Good MorningStocks gave up some of the Monday gains on Tuesday as an air of caution set back into the market. As if this week’s non-farm payrolls report isn’t enough to have traders on edge there are new developments concerning government stimulus and a Presidential debate to consider. The first of three debates between incumbent Donald Trump and hopeful Joe Biden promises to be memorable if nothing else.
The earnings continue to roll in although it is still a few weeks until the peak of the 3Q earnings season. Reports from Micron and IHS Markit along with new guidance from Big Lots reinforces the idea that 3Q earnings are going to be better than expected. With the analysts already upping their targets, this is good news for the market indeed. If this trend persists the S&P 500 will be setting a new all-time high before the end of the year.
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Healthcare | |
Under normal circumstances, pharmaceutical companies are thought to be safer than most industries during periods of economic uncertainty. This year is unique in that the pandemic has led to fewer people going to the doctor and getting prescriptions, which ultimately impacts the sales for big pharm... Read the Full Story |
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From Our Partners | ChatGPT and Claude don't actually see the market. They guess from stale training data and end every stock question with please consult a financial advisor.
AltIndex Pro's new native MCP integration changes that. Connect ChatGPT or Claude once, and every stock question pulls from real-time alt-data: hiring, insider activity, Reddit sentiment, web traffic, and app downloads. | | Try AltIndex Pro free for 7 days and upgrade your AI |
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Industrials | | 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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From Our Partners | | A leading AI pioneer has spent $17 million on AI research and tools since 2022, building a platform now used by 180,000 people worldwide.
His firm's tools have reportedly forecasted major downturns in 2000, 2008, and 2020 through extensive backtesting, and he now says many investors hold the wrong stocks heading into the next market phase. | | See the full market warning and research details here |
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Consumer Discretionary | | 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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Consumer Discretionary | | 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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From Our Partners | | The Buffett Indicator once flagged the 1929, 1969, and 2000 market peaks - and it's now at 231%, its highest reading in history.
Gold analyst Garrett Goggin, CFA, CMT, has tracked this signal for years and says the pattern points to money rotating from overpriced tech into gold.
Porter Stansberry has called Goggin the most knowledgeable gold investor in the world. | | See Garrett Goggin's four top gold mining picks now |
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Healthcare | | 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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Healthcare | |
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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Consumer Staples | | 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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Consumer Discretionary | |
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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The Early Bird Stock Of The Day Guidewire Software, Inc. provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed. In addition, the company offers Guidewire Rating Management to manage the pricing of insurance products; and Guidewire Reinsurance Management to use rules-based logic to execute reinsurance strategy through underwriting and claims processes. Further, it provides Guidewire Underwriting Management, a cloud-based integrated business application; Guidewire AppReader, a submission intake management solution; Guidewire ClaimCenter Package for the London market supports the claims workflow used by London Market insurers and brokers; Guidewire Digital Engagement Applications, which enable insurers to provide digital experiences to customers, agents, vendors, and field personnel through their device of choice; and Guidewire for Salesforce to provide customer information regarding policies and claims. Additionally, the company offers Guidewire Predict, a P&C-specific machine-learning platform; Guidewire HazardHub that allows insurers to understand, assess, price, and manage property risk; Guidewire Canvas, Guidewire Compare, and Guidewire Explore cloud-native applications; and Guidewire Cyence, a cyber-risk economic modeling product. The company was incorporated in 2001 and is headquartered in San Mateo, California. | | View Today's Stock Pick |
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