Good MorningEquity markets were faced with another brick for the proverbial “wall of worry” on Thursday. The IMF released its latest outlook for global economic activity and the outlook is dire. Due to the COVID-19 pandemic and its spread across the globe world GDP is expected to be near -5.0% in 2020, a record low.
Adding to the worry is growing sign the U.S. epidemic is getting out of control. Florida, one of the earliest states to reopen and one flooded by tourists, reported a record increase in new cases as did California.
Traders and investors are urged to be cautious. Today’s 2.6% pullback in equity prices may be the beginning of another major sell-off. If it is, be sure to have cash ready when the selling is over. The long-term outlook remains bullish, the pandemic will end sooner or later.
Featured: A stock that yields 67% a year? Really? (Investing Daily) 
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Investors tend to follow the “What have you done for me lately?” mantra obsessively. Sometimes that serves them well and sometimes it gets them into a lot of trouble. In the case of Dick’s Sporting Goods (NYSE:DKS), the company reported its first-quarter earnings on June 2, 2020.... Read the Full Story |
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It's almost rhetorical to the point of being really obvious that the market these days has been volatile. Volatile, in fact, to the point where pinning down a course of action might seem all but impossible. For those looking to pull a little sidelined cash back into play, a good place to start mig... Read the Full Story |
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Markets | | | KB Homes Is A Buy
The way the news is coming out of the housing sector the entire home-building group is a buy. With KB Homes (NYSE:KBH) slated to report earnings after the bell today, it is on-watch. The company is expected to deliver revenue and EPS growth in the range of 6% and 13.5% and I&rsquo... Read the Full Story |
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Markets | | | It’s been a wild few months for Adobe (NASDAQ: ADBE) investors and it doesn’t look like things are going to settle down anytime soon. After jumping 50% from November of last year through February where they were setting fresh highs on an almost daily basis, investors must have been getti... Read the Full Story |
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Markets | | | A lot of stocks made a V-shaped move over the past few months. But few were as sharp as Wingstop (NASDAQ: WING).
Between mid-February and mid-March, shares plunged from $102.92 to $44.23. But by the end of April, shares rebounded and made new highs at over $115. From there, the stock set up in a si... Read the Full Story |
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From Our PartnersThe FDA has already fast-tracked the technology. FDA approval could come any day. And that will send this tiny $4 stock screaming higher. Gains of 1,000% may be on the horizon. It's happened before. But 99% of investors have never heard of this stock... or the new technology. But soon it will be "standard" on every smartphone, tablet, laptop and desktop. | | FREE details here. |
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The Early Bird Stock Of The Day The Ensign Group, Inc. provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services. Its Standard Bearer segment is comprised of selected real estate properties owned by Standard Bearer and leased to skilled nursing and senior living operators. In addition, the company provides ancillary services consisting of digital x-ray, ultrasound, electrocardiograms, sub-acute services, dialysis, respiratory, and long-term care pharmacy and patient transportation to people in their homes or at long-term care facilities, as well as mobile diagnostics. It operates in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin. The company was incorporated in 1999 and is based in San Juan Capistrano, California. | | View Today's Stock Pick |
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