Good MorningThe market began the day on weak footing Thursday but buyers were waiting in the wings. Growing anxiety over the long-awaited next-round of fiscal stimulus has the market on edge. Despite this, bargain hunters used the opportunity to scoop up stocks expected to do well in this earnings cycle. The transports led the day with the Dow Jones Transportation Average gaining nearly a full percent to close at the high of the session and at a new all-time high.
While anxiety over stimulus has the market on edge it is the earnings that have stocks moving higher. The story this quarter is the same as last, companies well-positioned for the pandemic should continue to do well and perform above their consensus estimates. The next hurdle for investors will come next week, however, as earnings season ramps up to full speed. If the S&P 500 can claw its way to a new all-time high it should continue to move higher through the holiday season.
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Markets | | | Walgreens Boots Alliance (NASDAQ:WBA) has caught the eye of more than one analyst here at MarketBeat, and only for good reasons. I myself wrote about this stock in July, comparing it to CVS (NYSE:CVS) Read the Full Story |
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From Our PartnersThere's plenty of growth in store for biotech. For one, the sector is still one of the safest, most recession-proof investments around. Two, an aging population will demand new, aggressive treatments to treat a myriad of issues. And three, with COVID-19 treatments desperately needed, biotech has taken center stage. | | Click Here to Download the FREE Report |
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Markets | | | The first thing that may come to mind when you think of Progressive (NYSE:PGR) is one of the company's humorous television commercials. But outside the strange brand of humor is a strong brand of insurance Read the Full Story |
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Markets | | | General Electric Is Approaching A Turning Point
General Electric (NYSE:GE) has seen no end to its troubles over the last few years but the end may be in sight. The company has been working hard to restructure, refocus, and reinvigorate growth under the leadership of CEO Larry Culp and those efforts... Read the Full Story |
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Markets | | | Infosys (NYSE: INFY), the $70 billion Indian multinational, has had a year of years, and there are still ten weeks to go in 2020. Their American Depository Receipts (ADR) shares are up more than 25% this month alone and up a full 140% since March. Not bad for a company reporting revenue growth in th... Read the Full Story |
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Without a doubt, one of the brightest sectors in the market at this time is alternative energy. Solar and alternative energy stocks have likely been rallying for several reasons. Alternative energy technology is becoming more advanced and less expensive for consumers to purchase. The earnings for ... Read the Full Story |
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The Early Bird Stock Of The Day ANSYS, Inc. develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite. The company also offers electronics product suite that provides electromagnetic field simulation software for designing electronic and electromechanical products; Ansys High Frequency Structure Simulator product for radio frequency and microwave design; SCADE product suite, a solution for embedded software simulation, code production, and automated certification; fluids product suite that enables modeling of fluid flow and other related physical phenomena; Ansys Fluent computational fluid dynamics software package; Ansys RedHawk-SC for electronic design automation; Ansys Optics software; and mission-simulation, modeling, testing, and analysis software. In addition, it offers Ansys Granta MI system for materials information management; Ansys Granta Selector technology for materials selection and graphical analysis; CES EduPack product, a set of teaching resources; Granta Materials Data for Simulation; Ansys Lumerical product, a photonics simulation software solution; safety-certified embedded software solutions; Discovery product family for use in the simulation of product design; academic product suite for research and teaching settings. ANSYS, Inc. was founded in 1970 and is headquartered in Canonsburg, Pennsylvania. | | View Today's Stock Pick |
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