Good MorningTraders betting on another major market correction may be disappointed. The market action on Thursday failed to carry through on Wednesday sharp dive and breakthrough support levels. Support, a price point at which investors can be expected to start buying the S&P 500 stocks, is above the 3,000 at the important 30-day moving average. The moving average is a measure of price action over the previous 30-days and represents the sentiment among short-term traders.
Because the moving average is moving higher, the sentiment is said to be bullish. With this in mind, Wednesday’s pullback in prices should be viewed as a buying opportunity. Looking forward, the outlook for economic rebound remains strong despite the growing shadow of COVID-19 resurgence. Investors hoping to avoid volatility in the coming weeks and month are reminded to stay focused on their investment plans and high-quality stocks.
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Just as it was starting to feel as if we had turned the corner in the fight against coronavirus, it looks like the bells about to ring for round two. Equities, which had been at the forefront of the economic recovery, are now at the forefront of the current panic as states across the country conti... Read the Full Story |
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Markets | | | Granted, the picture does not look all that bright for Macy's. We don't mention the looting of its flagship New York City store here because it happened about two weeks ago, but it certainly doesn't help matters. Read the Full Story |
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Investors were reminded of the dark days of Q1 in Wednesday’s session as equities were dumped en masse in the face of a second COVID-19 wave. For many, this weakness in equities won’t come as too much of a surprise as it’s been bubbling for a few weeks. States such as Florida, Ar... Read the Full Story |
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Markets | | | The Facts Are In, This Stock Is Worth The Money
A few days ago IHS Markit (NYSE:INFO) emerged as a quality buy for its value, growth and dividend so it is no surprise to me today the same is true for Factset Research Systems (NYSE:FDS). The fiscal third-quarter results were a mixed bag if you belie... Read the Full Story |
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Darden Restaurants (NYSE:DRI), the owner of Olive Garden, LongHorn Steakhouse, and other popular dining brands, reported better than expected results for the fourth quarter of fiscal 2020.
For the period ended May 31st, sales declined 43% to $1.27 billion and were in-line with the Zacks' consensu... Read the Full Story |
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The Early Bird Stock Of The Day Tableau Software, Inc., together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data. In addition, it offers Visual Query Language (VizQL) for databases, which is a computer language for describing pictures of data, including graphs, charts, maps, time series, and tables of visualizations; Live Query Engine that interprets abstract queries generated by VizQL into syntax understandable by database systems; and Hyper, an in-memory data engine technology that helps customers to analyze a range of data sets by evaluating analytical queries directly in the transactional database. Further, the company provides support, maintenance, training, and professional services. It serves organizations in various industries, including business services, energy and telecommunications, financial services, life sciences and healthcare, manufacturing and technology, media and entertainment, public sector, and education, as well as retail, consumer, and distribution industries. The company sells its products directly, as well as through indirect sales channels, such as technology vendors, resellers, original equipment manufacturers, independent software vendor, and distributors in the United States, Canada, and internationally. Tableau Software, Inc. was founded in 2003 and is headquartered in Seattle, Washington. | | View Today's Stock Pick |
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