Good MorningWhat started out looking like a banner day for stocks, ended in a whimper. The Dow and S&P 500 indexes were down for the day. But the NASDAQ finished higher. For now, it appears that investors took time to reassess the earnings reports from some of the top tech stocks last week and decided to go shopping.
The Delta variant of the novel coronavirus continues to grab headlines. Masks are going back up and more private businesses are considering requiring proof of vaccination. However, while cases are rising, the Centers for Disease Control reported that the mortality rate for hospitalized Covid-19 patients continues to go down across all age groups.
Investors are also waiting on economic data that is coming later this week, including the jobs report on Friday. At this point, investors are not expecting to hear data that will move stocks significantly in either direction.
Featured: Sell these "safe" blue chips immediately (Ad) 
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Markets | |
Betterment. Wealthfront. Dozens of robo-advisors litter the financial landscape.
Robo-advisors have been touted as the best option for those just starting out investing. They're heralded as some of the lowest-cost options that can hone in on your exact needs and risk tolerance with the accuracy o... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Technology | |
Last week Apple (NASDAQ: AAPL) reported another strong quarter that confirmed business conditions are healthy in a strengthening global economy.
However, management’s forecast for slowing growth in the current period and lack of guidance spooked some investors. Apple stock retreated from it... Read the Full Story |
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Technology | | Although many semiconductor stocks have rallied substantially in 2021, with the way these companies are delivering such strong earnings they could end up looking like bargains at current price levels by the end of the year. Consider the fact that widespread shortages could last well into the next ye... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | | Online legal and compliance solutions platform LegalZoom (NYSE: LZ) stock is in price discovery mode after its recent IPO. The two-decade-old company based out of Glendale, CA, is a premier forerunner to the subscription model for legal forms, business compliance, trademarks and copyrights, and lega... Read the Full Story |
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Technology | |
ON Semiconductor Is About To Set A New High
ON Semiconductors (NASDAQ: ON) has given another confirmation of what we already knew to be true about the semiconductor industry. Global systemic demand for microchips has sparked a secular upcycle in the microchip industry. ON Semiconductor’s e... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Real Estate | |
Simon Property Group (NYSE:SPG) is expected to deliver a strong earnings report after the market closes on August 2. The expectation is for the company to report earnings per share of $2.37 on revenue of $1.14 billion. And the whisper number suggests that Simon Property Group will report earnings ... Read the Full Story |
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Markets | | Entertainment products and content company Hasbro, Inc. (NYSE: HAS) shares have finally broken out of a multi-month trading range on its impressive Q2 2021 earnings release. Hasbro is building an entertainment universe with its slate of theatrical and television productions and content. The accelera... Read the Full Story |
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Technology | |
A Grand Slam Quarter For KLA Corporation
We have been fond of KLA Corporation (NASDAQ: KLAC) for several years. The company is fundamental to the microchip industry as a manufacturer and servicer of the equipment with which microchip wafers are made and that can be seen in the quarterly results. ... Read the Full Story |
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Materials | | Now that most of the mega-cap technology names have reported their earnings, many investors are trying to determine what’s next for the market. Will we see money rotate out of FAANG stocks and into some of the beaten-up value and cyclical names? Are we going to see some volatility given that m... Read the Full Story |
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Technology | |
Texas Instruments (NASDAQ: TXN) and Intel (NASDAQ: INTC) reported earnings within two days of each other in July. Both companies beat expectations on both the top and the bottom lines, yet both stocks dropped sharply after earnings and are struggling to get back to their pre-earnings price.
Sti... Read the Full Story |
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The Early Bird Stock Of The Day Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. Watsco, Inc. was incorporated in 1956 and is headquartered in Miami, Florida. | | View Today's Stock Pick |
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