Good MorningEquities continue to tread water near all-time highs on Tuesday. The broad market S&P 500 traded within a very tight range but did manage to set a new all-time intraday high. The market is being supported by a robust earnings season and the outlook for earnings growth but held back by increasing risk to the outlook. While the average S&P 500 company is beating its consensus estimate by a wide margin, the index is facing an earnings cliff in the form of a greatly reduced pace of growth.
The next quarter’s earnings season is the first quarter of tough comparisons versus the pandemically-boosted quarters of 2020 and poses a big risk to the market. With the Delta variant rapidly spreading, and the threat to the global supply chain growing, there is a serious risk the S&P 500 will not match their earnings expectations in the second half of the year.
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Stocks | | | Investors and traders are always on the hunt for signals that could ease the process of successfully buying and selling stocks. Support and resistance levels are easy-to-understand indicators that even the newest of newbies can start using right away. Learning to identify these levels will simplify your decisions about entering and exiting a stock. Read the Full Story |
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From Our Partners | | I made a mistake.
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Stocks | | | Although growth stocks can certainly expose investors to volatility given their lofty valuations and sensitivity to interest rates, their upside potential helps to justify the risk. These are innovative and high-quality companies with earnings that are expected to grow at an above-average rate when ... Read the Full Story |
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Stocks | | |
Most stock investors rely on some form of fundamental analysis or technical analysis. One approach focuses on the financial strength and growth narrative of a company. The other is purely concerned with chart patterns and price-volume indicators. Both stock picking strategies have plenty of merit.... Read the Full Story |
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From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
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Politics | | | Canadian Pacific jumped back into the bidding war for Kansas City Southern Tuesday with an increased $31 billion offer for the U.S. railroad, but its latest bid remains lower than the rival $33.6 billion offer from Canadian National that Kansas City Southern accepted back in May Read the Full Story |
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Tech | | | Stocks capped another wobbly day of trading on Wall Street with modest gains Tuesday, as financial and industrial companies helped lift the market, outweighing a pullback in technology stocks.
The S&P 500 recovered from an early slip and eked out a 0.1% gain, enough to eclipse the... Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Tech | | | What does Bitcoin have to do with roads and bridges?
A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers re... Read the Full Story |
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Tech | | | Stocks wobbled between small gains and losses on Wall Street Tuesday as losses from technology companies offset gains from banks and industrial companies.
The S&P 500 rose 0.2 as of 1:13 p.m. Eastern. The Dow Jones Industrial Average rose 149 points, or 0.4%, to 35,251 and the Nas... Read the Full Story |
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Tech | | | Nissan says its huge factory in Smyrna, Tennessee, will close for two weeks starting Monday due to computer chip shortages brought on by a coronavirus outbreak in Malaysia.
The shutdown is among the longest at any U.S. auto plant of this size since the semiconductor shortage, which ha... Read the Full Story |
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Markets | | | Document management solutions and systems provide Xerox Holdings Corporation (NYSE: XRX) stock has been in compression for several months. While the Company suffered during the pandemic, it is a reopening play as it expects to see workers return to the office in droves starting in Q3 2021, thanks to... Read the Full Story |
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Markets | | |
Women have left the workforce in droves. Nearly three million American women have left the labor force over the past year.
Before the pandemic, women consisted of more than 50% of the country's workforce, though mothers of young children have been furloughed or laid off or have had to choos... Read the Full Story |
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The Early Bird Stock Of The Day PPD, Inc., together with its subsidiaries, provides drug development services to the biopharmaceutical industry worldwide. The company operates through two segments, Clinical Development Services and Laboratory Services. It offers clinical development services, including product development and consulting, early development, Phases II-IV clinical trial management, accelerated enrollment, peri-and post-approval, and medical communications services. The company also provides laboratory services comprising bioanalytical, biomarker, vaccine science, good manufacturing practice, and central laboratory services. It serves pharmaceutical, biotechnology, medical device, and government organizations, as well as other industry participants. The company has a collaboration with Science 37 to design, build, test, implement, and execute digital trials using Science 37's DCT SaaS-based technology platform. PPD, Inc. was founded in 1985 and is headquartered in Wilmington, North Carolina. | | View Today's Stock Pick |
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