Good MorningEquities markets continue to shrug off COVID-19 risks in favor of economic recovery and future earnings. The S&P 500 gained more than a half percent on Monday with shares of tech stocks in the lead. Apple and Microsoft, market leaders before the pandemic, provided much of the lift.
This week, investors will be focusing on the upcoming earnings season. The 2nd quarter reporting cycle starts in about one month leaving little time for investors to position their portfolios. The outlook for earnings growth is dim, the consensus for the S&P 500 is close to -50%, but there are reasons for the market to be optimistic. Among them, a high-probability the S&P 500 will far exceed the consensus estimates for the quarter and, tied to it, a round of analysts upgrades for later in the year.
Featured: Legend Who Bought Apple at $1.42 Says Buy TaaS Now (Empire Financial Research) 
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Nike (NYSE:NKE) will report fourth-quarter earnings on Thursday, June 25. The news is not expected to be good. The earnings report will cover the months of March through June. The company had to suspend retail operations in the United States, its largest market, and the numbers are expected to ref... Read the Full Story |
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On the weekend of June 20-21, a dozen states reported a spike in confirmed cases of the novel coronavirus. Along with that came a new round of polarized opinions about what the increase in cases means.
Are we on the verge of a second wave of the virus? And if it comes, will it be more problematic... Read the Full Story |
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Markets | | | Right From The Horses Mouth
I may be showing my age and/or upbringing by using adages like “straight from the horses” mouth but so what? For those in the know, it rings true and is a saying every trader should take to heart. After all, who better to know the fundamental condition of a c... Read the Full Story |
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Markets | | | Shares of PVH Corp (NYSE: PVH) has started to retreat on its Q1 2020 earnings miss and rising fears of a second wave of COVID-19 stifling demand for its popular Calvin Klein, IZOD, Geoffrey Beane, Heritage and Tommy Hilfiger brands Read the Full Story |
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On Friday, Chegg (NYSE: CHGG) made yet another new high on big volume. This high came after a six-week consolidation between $55 and $65 a share, which followed a massive increase on Q1 2020 earnings.
On May 5th, Chegg increased more than 25% to new highs on massive volume, as investors loved wha... Read the Full Story |
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The Early Bird Stock Of The Day Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport, and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico. | | View Today's Stock Pick |
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