Good MorningEquity markets reversed Thursday’s gains on a double-dose of bad news. First, the Federal Reserve stress tests of the U.S. banking system came up wanting. That means, despite the appearance of sufficient capitalization, the banks are at risk in the current environment. What it means for the equities market is no more share buybacks or dividend increases from the banking sector this year.
The second bit of bad news comes from Texas. The Lone Star State rolled-back its reopening plans, reinstating social-distancing lockdown measures, as the number of new cases skyrockets. The risk for markets now is that more states will do the same. The news was not all bad however, shares of discount retailer Big Lots surged nearly 30% after the company raised its full-year guidance to a range well above consensus. Next week, investors will be on alert for the June payrolls report, a figure that could make or break the market.
Featured: Apple Quietly Planning To Kick Off A $260 Billion Revolution? (7 Figure Publishing) 
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Markets | | | It’s taken a little longer than others, but by the time the bell rang to end Thursday’s session, shares of Accenture (NYSE: ACN) had not only reclaimed their pre-coronavirus levels but had closed above them. Read the Full Story |
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Sometimes the best stories are the ones you don't see coming. For instance, consider the story that shows it might be a good idea to make an investment in a mall-facing retailer, which as we've seen from several other mall-facing retailers that are currently floundering—like American Eagle O... Read the Full Story |
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Square (NYSE: SQ) has had extremely high volatility in 2020 - even by pandemic-era standards. Before the pandemic hit, Square looked to be on the verge of all-time highs. But in less than a month, shares of the mobile payment processor went from $87 to $32.
Now, just three months later, shares ha... Read the Full Story |
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From Our PartnersThere's a huge new tech trend coming to your hometown - which could make you a small fortune over the next few years. And today we're revealing the name and stock ticker symbol of Whitney's favorite way to make money from this trend. | | You get his top pick for free, right here. |
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Markets | | | Big Lots Raises Guidance, Shares Surge
Big Lots (NYSE:BIG) is and has always been an underappreciated name in the retail space. The company operates as a big-box/consumer discounter and comes with a very strong following. Over the past few years, long before the COVID pandemic or even the Trade War... Read the Full Story |
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Markets | | | Another Win For Tech In The Post-Pandemic Market
Progress Software Corporation (NASDAQ:PRGS) is by no means a blue-chip quality stock. What it is, though, is a high-quality, dividend-paying, small-cap growth story focused on tech. By focusing on tech I mean this company is in business providing sof... Read the Full Story |
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The Early Bird Stock Of The Day Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services. It operates natural gas processing facilities located in Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming; NGL pipelines; NGL fractionation facilities; NGL and related product storage facilities; and NGL marine terminals. The Crude Oil Pipelines & Services segment operates crude oil pipelines; and crude oil storage and marine terminals, which include a fleet of approximately 250 tractor-trailer tank trucks that are used to transport crude oil. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates natural gas pipeline systems to gather, treat, and transport natural gas. It leases underground salt dome natural gas storage facilities in Napoleonville, Louisiana; owns an underground salt dome storage cavern in Wharton County, Texas; and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation facilities, including propylene fractionation units and propane dehydrogenation facilities, and related marketing activities; butane isomerization complex and related deisobutanizer operations; and octane enhancement, isobutane dehydrogenation, and high purity isobutylene production facilities. It also operates refined products pipelines and terminals; and ethylene export terminals; and provides refined products marketing and marine transportation services. Enterprise Products Partners L.P. was founded in 1968 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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