Good MorningThe broad market traded in a very tight range on Tuesday. After Monday’s big declines, investors and traders are holding their breath waiting to see what happens next. With the stimulus talks on the rocks the general attitude is “when will the other shoe hit the floor”. Adding to the woe is the rising number of COVID cases that have the U.S. setting new highs. If COVID continues to spread unchecked it could lead to another economic shutdown.
On the flip side, the economic data remains strong and belies the need for further economic stimulus except on a targeted basis. On the industrial front, new orders for durable goods rose 1.9% in September, driven by a massive decline in inventory across most industries. On the housing front, home prices continue to rise as pent up demand and low inventory fuel the market.
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Markets | | | Grocery store operator Weis Markets, Inc. (NYSE: WMK) shares have been chopping in range for the past few months, but still trading above its pre-pandemic February 2020 highs and outperforming the benchmark S&P 500 index (NYSEARCA: SPY). The Mid-Atlantic operator of 197 stores has been executing... Read the Full Story |
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Markets | | | Surging demand for used vehicles and changing auto shopping patterns are cause for celebration at Carvana (NYSE:CVNA). Safety-conscious consumers are becoming more comfortable with buying big ticket items Read the Full Story |
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Data has quickly become one of the most valuable resources in the world. With corporations willing to invest large amounts of capital to gather insights from every piece of data they can get their hands on, companies that offer big data software and services could be great investments over the lon... Read the Full Story |
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Markets | | | Fabless semiconductor company Himax Technologies, Inc. (NASDAQ: HIMX) stock has been struggling to regain its pre-COVID February highs underperforming the benchmark S&P 500 index (NYSEARCA: SPY). The semiconductor sector performance has been split this year with graphic processor chip companies ... Read the Full Story |
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Markets | | | There’s Nothing Not To Like About Simpson Manufacturing
Simpson Manufacturing Co, Inc (NYSE:SSD) just reported a stellar quarter and updated its guidance, and yet shares are down nearly 4.0% on the news. The move raises questions about the company’s health but upon a deeper look, I can ... Read the Full Story |
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The Early Bird Stock Of The Day Alaska Air Group, Inc., through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington. | | View Today's Stock Pick |
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