Good MorningThe equity markets went on a wild ride on Tuesday after a shocking Retail Sales report. The May Retail Sales report shows consumer spending jumped 17.7% from the prior month as business and shoppers get back to business. Analysts had been expecting the figure to be positive but this figure is more than double the expectation. For those betting on a strong post-pandemic recovery, this is good news.
The risk now is to the upside. All future data-points are likely to show improvement from the previous release, if not come in well above estimates. Investors should remain cautious during the melt-up because what goes up must come down. Sooner or later the market will become over-valued enough to spark the next round of selling. If that coincides with the second wave of COVID the selling could rival what we saw in March.
Featured: Travel stocks to look at while you’re staying at home (MarketBeat) 
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Healthcare professionals are currently facing one of the most challenging times in their careers. The global pandemic has changed the world and forced healthcare providers to move quickly in order to save lives and safely provide patients with the care that they need. That’s why it makes sen... Read the Full Story |
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From Our PartnersVideo games have come a long way. Yes, graphics are sharper. Everything is more real than it’s ever been. But while that may be exciting for investors, it doesn’t mean much to investors.
What should get investors excited is that the entire business model for the industry has changed.
Digital downloads are now the norm. As are subscription services. And gamers don’t have to tether themselves to a console unless they want to be. In which case, the gaming consoles continue to evolve as well.
| | View "10 Video Game Stocks That Will Cause Investors to Jump Off Their Couch." |
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Markets | | | One is a five-year-old company whose share price has recently rallied 600% in a single month, the other is a 116-year-old company whose share price is down 40% over the past year. Maybe it’s symptomatic of the 21st century where a tech-driven startup can unseat, or at least try to, a stalwart ... Read the Full Story |
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Markets | | | Optical network systems provider Infinera (NASDAQ: INFN) shares have been relatively confined to a $10 price range for nearly the past five years. The COVID-19 pandemic plunged shares to multi-year lows before staging a rally with the S&P 500 index (NYSEARCA: SPY). While the COVID-19 pandemic ha... Read the Full Story |
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From Our PartnersIn a form NS 43-101, two energy sector legends have told federal regulators that they may have found one of the world’s biggest lithium discoveries – a massive 7 million tons near Tonopah, Nevada, worth around $70 billion. | | Find out HERE what this could mean for early investors. |
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Sometimes it's all about the knock-on effects. While it would be easy to think that Oracle (NYSE: ORCL), like a lot of tech companies, might have received a nice bump upward thanks to the coronavirus and the fury of work-from-home options it inspired, the opposite is instead true. Not only did the... Read the Full Story |
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Things are moving faster than ever in the business world. The global pandemic has completely transformed the way that many companies do business and forced the majority of them to adapt or be left behind. DocuSign (NASDAQ:DOCU) is a stock that has truly been firing on all cylinders this year. With... Read the Full Story |
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From Our PartnersThere are more than 500 national retailers traded on the NYSE and the NASDAQ. Given the sheer number of big box stores, warehouse clubs, restaurant chains, and other retail stores listed on public markets, it can be hard to identify which retailers are going to outperform the market.
Fortunately, some of Wall Street's top analysts have already done most of the work for us.
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The Early Bird Stock Of The Day STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The Automotive and Discrete Group segment offers automotive integrated circuits (ICs), and discrete and power transistor products. The Analog, MEMS and Sensors Group segment provides industrial application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs); general purpose analog products; custom analog ICs; wireless charging solutions; galvanic isolated gate drivers; low and high voltage amplifiers, comparators, and current-sense amplifiers; MasterGaN, a solution that integrates a silicon driver and GaN power transistors in a single package; wireline and wireless connectivity ICs; touch screen controllers; micro-electro-mechanical systems (MEMS) products, including sensors or actuators; and optical sensing solutions. The Microcontrollers and Digital ICs Group segment offers general purpose and secure microcontrollers; and radio frequency (RF) products. It also offers application-specific standard products for analog, digital and mixed-signal applications. In addition, the company provides assembly and other services. It sells its products through distributors and retailers, as well as through sales representatives. The company serves automotive, industrial, personal electronics and communications equipment, and computers and peripherals markets. STMicroelectronics N.V. was incorporated in 1987 and is headquartered in Geneva, Switzerland. | | View Today's Stock Pick |
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