Good MorningEquity markets started the week off strong and look to finish out August on a high note. Fears of rising inflation were put aside in favor of a robust earnings outlook that keeps getting better. The analysts continue to up their targets for the 3rd and 4th quarter reporting cycles leaving the theS&P 500 on track to set new all-time high after a new all-time high in the 2nd half of the year.
The risk for the market this week is the monthly NFP data. The Non-farm Payrolls report is expected to show 720,000 net new jobs added in August, down from the 1 million jobs reported in July. A weaker than expected number would put the FOMC in a corner in regards to policy direction while hot data will seal the deal in regards to tapering. As it stands now, the market is expecting tapering to begin by October if not in September.
Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
|
Markets | | | Hormel stock is down 2% for the year and HRL stock is currently trading above the 12-month price target of analysts. However, the stock appears to be rallying ahead of earnings. And with the economy continuing to reopen, the company has several catalysts and a rock-solid dividend that make it a compelling buy as it prepares to report earnings. Read the Full Story |
|
|
Markets | | |
These 3 Upgrades Are Moving Markets Now
With the second-quarter earnings cycle all but finished there's little to move the market other than analyst sentiment. The analysts are, for the most part, still pushing the S&P 500 outlook higher which means we should expect the index to continue movi... Read the Full Story |
|
Markets | | | Five Below stock is down nearly 10% in the last three sessions ending August 30. This may be a general reaction to recent retail earnings reports disappointed analysts. Still, if Five Below delivers a strong earnings report the technical indicators suggest that FIVE stock has room to move higher. Read the Full Story |
|
|
Tech | | | Near Southern California’s dying Salton Sea, a canopy next to a geothermal power plant covers large vats of salty water left behind after super-hot liquid is drilled from deep underground to run steam turbines. The vats connect to tubes that spit out what looks like dishwater, but it’s lithium, a cr... Read the Full Story |
|
Markets | | |
When an earnings season winds down, it’s a good chance for investors to take inventory of what opportunities may be available.
Corporate financial results in the second quarter taught us two things. One, the economic recovery is alive and well. And two, there are many companies that are doi... Read the Full Story |
|
|
Markets | | | With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast Read the Full Story |
|
Politics | | | ANCHORAGE, Alaska — Fully vaccinated employees in Alaska’s largest school district will receive up to 10 extra days of paid time off if they test positive for COVID-19 but can’t work from home while quarantining.
A spokesperson for the Anchorage School District tells the Anchorage Dai... Read the Full Story |
|
Politics | | | THE HAGUE, Netherlands — The Dutch government says its financial support packages to help businesses survive the coronavirus pandemic will end on Oct. 1.
The government announced Monday that with the economy back on track, lockdown measures largely over and unemployment low, “Continu... Read the Full Story |
|
Markets | | | PNC Bank is the latest large U.S. financial services company to increase wages in a bid to keep and attract employees, raising its minimum wage to $18 an hour while also giving higher-paid workers a bump in pay.
The bank said Monday that the wage increase will apply to both PNC employ... Read the Full Story |
|
Markets | | | You haven't gotten long-term care insurance? Eeeeek. It's one of the tenets of basic personal finance, so learn more about how to get it so you don't destroy everything you've worked toward financially. Read the Full Story |
|
The Early Bird Stock Of The Day Proofpoint, Inc. engages in provision of security-as-a-service that enables large and mid-sized organizations worldwide to defend, protect, archive and govern their most sensitive data. The firm's security and compliance platform comprises of an integrated suite of threat protection, information protection, and brand protection solutions. Its solutions also includes email protection, advanced threat protection, email authentication, data loss prevention, SaaS application protection, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, secure communication, phishing simulation and security awareness computer-based training. The company was founded by Eric Hahn in May 2002 and is headquartered in Sunnyvale, CA. | | View Today's Stock Pick |
|
