Good MorningInvestors were optimistic on Monday as peak earnings season continues to wear on. With roughly 40% of the S&P 500 reports in the bag, the results are better than expected. Nearly 80% of the companies that have reported have beaten their consensus targets putting the index on track to post positive earnings growth for the quarter. This week investors will be on the lookout for reports from Alphabet, Amazon, Exxon, Pfizer, and Chipotle Mexican Grill.
The NASDAQ Composite led Monday’s rally with a gain near 3.0%. The tech-heavy index was boosted by 4.0% gains in both Amazon and Google which surged in anticipation of strong results. Elsewhere in the market, gains were supported by a new report from the CBO. The CBO says economic activity is rebounding faster than expected and will regain its pre-pandemic levels in mid-2021. As bullish as the data is, the new figures do not include additional stimulus which that would only brighten the outlook.
Featured: Trump goes "all-in" on Grand Canyon energy breakthrough (Ad) 
|
Materials | |
With volume in the iShares Silver Trust ETF (NYSEARCA:SLV) seeing one of its biggest days ever in Monday’s trading session and a recent surge in the price of silver to the highest levels since February 2013, this precious metal has quickly become a focus for both traders and investors alike.... Read the Full Story |
|
From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
|
Markets | | International payments facilitator MoneyGram International (NASDAQ: MGI) stock has arisen from the ashes as a turnaround play outperforming the year-to-date (YTD) performance of the benchmark S&P 500 index (NYSEARCA: SPY). MoneyGram is the third-largest cross-border payment facilitator in the wo... Read the Full Story |
|
Consumer Discretionary | | Worldwide vehicle parts manufacturer Magna International (NYSE: MGA) stock has benefitted from the electric vehicle (EV) momentum lead by first movers like Tesla (NASDAQ:TSLA) and into the legacy U.S. automakers like Ford (NYSE: F) and General Motors (NYSE: GM). Shares are tracking the benchmark S... Read the Full Story |
|
From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
|
Healthcare | | Another Perfect Play On The Pandemic; Thermo Fisher Scientific
The post-pandemic investing world is filled those “perfectly positioned” companies and Thermo Fisher Scientific (NYSE:TMO) is one of them. The pandemic is a massive global health crisis marked by intensive and widespread tes... Read the Full Story |
|
Healthcare | |
AbbVie (NYSE:ABBV) will report earnings before the market opens on February 3, 2021. The biopharmaceutical giant is expected to post earnings per share and revenue that mark both a sequential and year-over-year gain. The company is also expected to issue forward guidance that suggests 2021 will co... Read the Full Story |
|
From Our Partners | | Nvidia has invested more than 7 billion dollars into a light speed device that could reshape how AI systems operate.
Bill Gates put in over 200 million of his own money, while BlackRock, Vanguard, Morgan Stanley and Norway's sovereign wealth fund are positioning around it. Related stocks have already climbed 133 percent, 217 percent and 320 percent.
Wall Street analyst Jason Bodner, who called Nvidia at 4.50, is sharing his top pick tied to this trend at no cost. | | Click here to see Jason Bodner's free AI stock pick |
|
Markets | |
By many reports, Nio (NYSE:NIO) had a fine 2020, which was a feat in and of itself given just what 2020 looked like. The latest delivery reports out of the company suggest that 2020 was not a one-shot event for Nio, and that the company may yet have some room to grow. As it turns out, 2021 is star... Read the Full Story |
|
Technology | | A Global Recovery In Autos Drives ON Semiconductor Results
What does the global auto-recovery have to do with semiconductors, you might ask? The answer is a lot. Today’s cars have a growing number of microchips in them and there is a strong rebound in the auto industry underway right now. Not... Read the Full Story |
|
Markets | | There Are 7 Fundamental Factors Driving Bitcoin Higher
As technical as cryptocurrency and Bitcoin (BTC) markets are there are some fundamentals driving the market. These include cryptocurrency’s growing mainstream acceptance, the amount of power put into mining the coin, and its availability ... Read the Full Story |
|
Consumer Discretionary | | Harley Davidson (NYSE: HOG) is set to release its Q4 2020 numbers tomorrow; analysts are expecting another decline in retail sales, but the wind should be at Harley Davidson’s back in 2021 and beyond.
The motorcycle manufacturer is set to unveil its 2021-2025 strategic plan at the same time i... Read the Full Story |
|
Technology | |
Whether you are a big believer in cryptocurrencies or not, it’s hard to deny that the concept is an intriguing one. The idea of a digital currency that acts as a medium of exchange and is essentially impossible to counterfeit or double-spend has attracted plenty of attention in financial mar... Read the Full Story |
|
The Early Bird Stock Of The Day Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; and OVJP, an organic vapor jet printing technology. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products; and contract research services in the areas of chemical synthesis research, development, and commercialization for non-OLED applications, as well as engages in the intellectual property and technology licensing activities. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey. | | View Today's Stock Pick |
|
