Good MorningEquities held steady at the freshly set all-time highs on Thursday as the market gears up for the true peak of earnings season. While there have been a fair amount of earnings reports delivered it pales in comparison to what the market will get over the next two weeks. Roughly 50% of the S&P 500 will report earnings for the 3rd quarter and set the tone for trading over the next two to three months. So far, a higher number of S&P 500 company’s than average have been beating their estimates but that could quickly change. The real risk, however, is in the guidance and far too many company’s are lowering their targets for earnings.
Next week will also be an important week for economic data. There are not a lot of economic reports out but the most important report of the month comes out on Friday. The monthly read of income and spending includes the Fed’s favored tool for measuring consumer-level inflation, the PCE price index.
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Markets | | |
Pandemic is Still a Headwind on Revenue for Intuitive Surgical
A few days removed from its third-quarter earnings report, Intuitive Surgical (NASDAQ: ISRG) stock is looking for direction. ISRG stock bounced about 6% after earnings but is trending lower as the week ends. In early Septem... Read the Full Story |
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Tech | | | A wobbly day of trading on Wall Street left major stock indexes mostly higher Thursday, nudging the S&P 500 to an all-time high.
The benchmark index bounced back from an early slide to rise 0.3%, its seventh straight gain. The S&P 500 eclipsed the record high it set on Sept. 2... Read the Full Story |
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Stocks | | |
When a stock sells off, i.e., suffers a sustained downtrend, it can be for good reason. A negative press release or unfavorable industry dynamics are just two examples.
Other times the selloff can be overdone. This commonly occurs when market participants overreact to negative near-term news and ... Read the Full Story |
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Stocks | | |
The classic investment adage “no risk, no reward” has several variants but they all convey the same message. There is a direct correlation between the level of risk in an investment and its expected return.
This rule applies when it comes to moving up and down the capitalization spect... Read the Full Story |
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Markets | | | Asian shares were mixed Friday after a late-in-the-day wave of buying pushed the S&P 500 to a fresh record high.
Benchmarks rose in Hong Kong and Tokyo but fell in Sydney and Shanghai.
An official newspaper, the Securities Times, said China Evergrande Group made an... Read the Full Story |
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From Our Partners | | Back in February, while most traders were panicking, a new algo quietly flagged a bullish signal on CPRT — right before it rebounded.
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Markets | | |
Private equity firm Apollo Global Management (NYSE: APO) stock has been in a solid uptrend since recovering from its pandemic lows as it continues to all-time highs. This alternative asset manager operates over 150 companies including Chipotle (NYSE: CMG) competitor Qdoba in addition to its real e... Read the Full Story |
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Markets | | | Shares were mostly higher in Europe on Friday after a mixed session in Asia.
Benchmarks rose in Paris, London, Tokyo and Hong Kong. Shares fell in Shanghai and Seoul.
An official newspaper, the Securities Times, and other state media said China Evergrande Group made a... Read the Full Story |
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Tech | | | In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function.
Apple Pay, Google Pay and other payment systems created by big tech compan... Read the Full Story |
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Politics | | | Qantas Airways on Friday brought forward its plans to restart international travel from Sydney as Prime Minister Scott Morrison predicted tourists would be welcomed back to Australia this year.
Vaccinated Australian permanent residents and citizens will be free to travel through Sydne... Read the Full Story |
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Markets | | | If there is one thing the market needs from Snap-on (NYSE: SNA) and other globally oriented companies is a little reassurance in the supply chain. While Snap-on did not give any specific guidance the lack of details is less than reassuring in a world where supply disruptions, inflation, and labor shortages are impacting both the top and bottom lines. Read the Full Story |
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The Early Bird Stock Of The Day Sun Life Financial Inc., a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance. The company also provides advice for financial planning and retirement planning services; investments products, such as mutual funds, segregated funds, and annuities; and asset and investment management products consisting of pooled funds, institutional portfolios, and pension funds. In addition, it offers real estate services; manages equity capital in various private and listed funds, as well as mezzanine debt, middle market direct lending, high-yield bonds, and syndicated loans; and operates as an investment grade fixed income investor, real estate investment management advisor, infrastructure investment manager, and alternative credit investment manager. The company was formerly known as Sun Life Financial Services of Canada Inc. and changed its name to Sun Life Financial Inc. in July 2003. Sun Life Financial Inc. was founded in 1871 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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