Good MorningU.S. equity markets shrugged off concerns about the Delta variant and a move in China to crack down on gaming companies. All three major indexes finished at or near record highs. The catalyst continues to be corporate earnings that are exceeding expectations for the most part.
Factory orders came 1.5% higher in July. That was down from the 2% gain in the prior month but it was better than expected. And in this market, that’s enough to get stocks moving higher.
Energy stocks also got a boost as crude oil rallied from early losses. And the 10-year Treasury note also closed lower at 1.17 percent, but it had been as low as 1.15 percent earlier in the session.
Markets will continue to be volatile as markets await the all-important jobs report on Friday.
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Markets | |
Feeling kind of sick these days? (And it has nothing to do with airborne viruses?) It might have everything to do with how well you feel financially.
According to research conducted by Personal Capital, "financial wellness" can affect your overall health. Personal Capital's research found that 7... Read the Full Story |
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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.
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Markets | |
Although U.S. stock indices continue to climb to new record highs, not all stocks have participated in the rally. In fact, some have trended lower for a variety of reasons from poor financial results to selling pressure applied by doubtful sellers.
Still, with most stocks trending higher along wi... Read the Full Story |
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Markets | |
On the face of it, Marriott International (NYSE:MAR) gave investors a great earnings report. The company posted a resounding beat on earnings and more than doubled its year-over-year revenue; although falling slightly short of analysts’ expectations.
And for a moment, MAR stock looked like... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
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Consumer Discretionary | | One of the great things about investing is that there are countless opportunities to add quality companies to your portfolio regardless of your account size and budget. Anyone can grow their equity curve with proper planning and an eye for businesses that could be undervalued, and looking at stocks ... Read the Full Story |
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Consumer Discretionary | | Fast-casual restaurant chain Denny’s, Inc. (NASDAQ: DENN) stock has been in a steady downward spiral since peaking off it $19.99 post-pandemic peak. Restaurant stocks are facing the fear of more regional capacity and lockdowns on fears of the rapidly spreading Delta variant of the COVID-19 vir... Read the Full Story |
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Utilities | |
Investors don’t often think about a utility stock providing a five-year stock price gain of 107%. But if you had bought and held shares in American Water Works (NYSE:AWK) five years ago, that’s the gain you would be sitting on.
To put that into perspective, Duke Energy (NYSE:DUK) a r... Read the Full Story |
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Finance | | By the time the bell rang to end Monday’s session, shares of fintech giant Square (NYSE: SQ) were up more than 10% on the day after coming within $3 of hitting an all-time high. This latest pop comes off the back of a multi-week rally which has seen the stock surge close to 50% in little more ... Read the Full Story |
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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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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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The Early Bird Stock Of The Day Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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