Good MorningThe selling intensified on Wednesday as rising numbers of COVID cases and fear that another round of stimulus may not come until next year. The major Wall Street indices all fell more than 3.0% to close at the low of the day. The S&P 500 is now at its lowest level in nearly a month. With the broad market index down more than 8.0% from its high a deeper sell-off looks all but certain.
The VIX, the markets fear-gauge, surged more than 20% for the day to set a new four-month high. The move is strong and points to the rising fear of a no-win situation for the stock market. If incumbent Donald Trump wins the election it is assured that stimulus would be far less than what it would be under a Democratic president. If former Vice President Joe Biden wins the market will fall on fear of rising taxes.
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Markets | | | Hybrid automobile e-commerce and facilities-based platform LMPX Automotive Holding Inc. (NASDAQ: LMPX) stock has been volatile since its IPO debut in December 2019. After peaking at $49.30, shares fell victim to the pandemic plunge with the benchmark S&P 500 index (NYSEARCA: SPY). LMPX shares co... Read the Full Story |
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Markets | | | Juniper Networks Isn’t Exciting But It Is A Steady Dividend Payer
Juniper Networks (NYSE:JNPR) isn’t an exciting company compared to say an Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), or even Nvidia (NASDAQ:NVDA) and AMD (NASDAQ:AMD). It’s a maker of networking equipment, router... Read the Full Story |
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About six weeks ago, we last brought up the notion of FireEye Inc. (NASDAQ:FEYE), and noted that it was a risky proposition, but one running in a field-based largely on risk. Since FireEye focuses so thoroughly on cybersecurity, in a time when cybersecurity has become more important than ever&mdas... Read the Full Story |
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Markets | | | Spotify (NYSE: SPOT) is set to report its Q3 2020 earnings tomorrow, and the question on everyone’s mind is:
Can Spotify reverse its trend of slowing growth?
In Q2 2020, revenue grew 11.1% yoy. Not bad, but a slowdown from the 23.2% yoy growth in Q2 2019, which itself was lower than th... Read the Full Story |
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Markets | | | In what was one of the bigger M&A stories in recent months, Advanced Micro Devices (NASDAQ: AMD) this week announced an all-stock purchase of their $30 billion competitor Xilinx (NASDAQ: XLNX). The news came as AMD reported solid Q3 earnings on Tuesday that saw both revenue and EPS beat analyst ... Read the Full Story |
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The Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
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