Good MorningWith the nation on the brink of a major change, the stock market took a breather on Monday. Equities began the day moving higher but the gains were small and the impetus quickly faded. By the end of the session the S&P 500, Dow Jones Industrials, and NASDAQ Composite gave up most of the earlier gains to close higher by .50% to 1.50%.
The caveat for investors is that, while hopeful, Monday’s action was not bullish. The broad market S&P 500 is poised for a major correction that could be sparked by the results of the election. And if the election isn’t enough for the market to worry about the Q3 earnings cycle is still underway and there are important economic data at hand. Wednesday will bring the November FOMC meeting while later in the week is the all-important non-farm payroll report.
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Markets | | | Overstock.com (NASDAQ: OSTK) blew away expectations when it released its Q3 earnings last week; revenue was $731.7 million vs. estimates of $585.6 million, while earnings of 50 cents per share beat estimates of a 2 cents per share loss. Read the Full Story |
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Markets | | | The U.S. economy is expected to rebound from a disastrous spring. Paralyzed by the coronavirus, economic output collapsed at a 31.4% annual pace from April through June — the worst such plunge on records dating to 1947.
Growth is believed to have surged back in the July-September quar... Read the Full Story |
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Politics | | | Asian shares were mostly higher on Monday buoyed by further signs of recovery in China's manufacturing sector.
Japan's benchmark Nikkei 225 surged 1.4% to 23,295.48, while South Korea's Kospi gained 1.4% to 2,299.72. Australia's S&P/ASX 200 added 0.4% to 5,951.30. Hong Kong's Hang... Read the Full Story |
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Politics | | | A British court ruled Monday against Johnny Depp in his libel case against the owner of the Sun tabloid newspaper, which labelled him a “wife beater.”
In a ruling, Justice Andrew Nicol said Depp has “not succeeded in his action for libel.” He added that the defendants had shown what t... Read the Full Story |
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Politics | | | BERLIN — A four-week partial shutdown has started in Germany, with restaurants, bars, theaters, cinemas and other leisure facilities closing down until the end of the month.
The restrictions that took effect Monday are milder than the ones Germany imposed in the first phase of the cor... Read the Full Story |
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Politics | | | A four-week partial shutdown has started in Germany, with restaurants, bars, theaters, cinemas and other leisure facilities closing down until the end of the month in a drive to flatten a rapid rise in coronavirus infections Read the Full Story |
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Markets | | | Insperity Is My New Favorite Labor Market Stock
I’ve long been a fan of the labor market and the labor market stocks. The data is easy to track and the companies serving the labor market tend to make good money and pay good dividends. The pandemic didn’t change, at least not for me. Las... Read the Full Story |
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Markets | | | Enterprise cloud data management company NetApp, Inc. (NASDAQ: NTAP) stock has been trading well below its pre-COVID February highs while underperforming the benchmark S&P 500 index (NYSEARCA: SPY). The migration to cloud data services accelerated with the surge in remote work trends spawned by ... Read the Full Story |
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Markets | | | Consumer products maker Newell Brands Inc. (NYSE: NWL) stock is still trading under its February pre-COVID highs underperforming the benchmark S&P 500 index (NYSEARCA: SPY) recovery. The Company is a likely pandemic benefactor from the stay-at-home restrictions but has been able to accelerate it... Read the Full Story |
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Markets | | | A 3% jump on Friday was enough to put Garmin (NASDAQ: GRMN) shares within a couple of cents of their 52 week high as well as their highest level since 2007’s all-time highs. After watching their shares collapse 90% from that peak into 2009, the company has had to reinvent itself in a lot of wa... Read the Full Story |
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The Early Bird Stock Of The Day Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc. was founded in 1984 and is headquartered in Plano, Texas. | | View Today's Stock Pick |
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