Good MorningThe equities market was poised to make a big move after Wednesday’s report on labor conditions from ADP. According to ADP data, the number of new jobs created in June topped 2.3 million to come in well above estimates. The June figure was bolstered by upward revisions to the previous month that added more than 5 million jobs to the two month total. Needless to say, the news foreshadowed a strong NFP report and fueled the stock market melt-up.
With a strong economic recovery all but assured, traders are turning their focus toward earnings. Signs are emerging the analyst community has misjudged the S&P 500 earnings potential and that means better than expected results for the Q2 reporting cycle and upward revisions to support share prices. The peak of the season is still a few weeks away but next week promises to bring more of the same.
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Markets | | | With a 2.5% drop on Tuesday, it meant that Southwest Airlines’ (NYSE: LUV) shares are now down 20% from their June high. In the normal course of events, this would be considered a bear market or a full-blown correction for the stock, but in the context of COVID-19, a move like that isn’t... Read the Full Story |
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Markets | | | Adult Beverages Are A Staple Too
Constellation Brands (NYSE: STZ) star was rising even before it reported earnings today. The latest report from Nielson shows a marked and sustained spike in at-home beverage consumption that is underpinning sales within the industry. The spike, associated with pant... Read the Full Story |
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It was just about a week ago when we took a look at Macy's (NYSE: M) and discovered that there might be a comeback buried in this outmoded little dinosaur of mall-facing retail. The company announced its first-quarter sales figures, and while they were pretty much as bad as was expected, they were... Read the Full Story |
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Markets | | | This Is Why The S&P Is Going To Hit An All-Time High, Soon
If you’ve been wondering what could keep the market moving higher let me tell you, it’s the results from companies like General Mills (NYSE: GIS). While most S&P 500 have suffered under the COVID-19 pandemic and restrict... Read the Full Story |
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Markets | | | The commercial environment for online brokerages has never been more competitive. With an ever-increasing number of operators entering the market, this means having an effective marketing strategy isn’t just important, it’s vital for survival. There’s no denying that this involves ... Read the Full Story |
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The Early Bird Stock Of The Day Citizens Financial Group, Inc. operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves corporate banking, healthcare, technology, asset finance, franchise finance, leasing, asset-based lending, commercial real estate, mid-corporate, and private equity sponsor industries. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island. | | View Today's Stock Pick |
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