Good MorningThe equities market finished out the week on a bullish note rising more than 1.0%. The gains were enough to put the market firmly in the green for the week and on pace to continue the rally that began a few months ago. While small in the overall scheme of things, Friday’s action shows that traders are unwilling to be short or under-positioned going into Monday’s open.
Next week will be a big test for the market. Not only are there some key economic reads it is the beginning of peak earnings season. On the economic front, investors will be looking for data on Consumer Level Inflation, Retail Sales, and the Fed’s Beige Book report on the economy. In terms of earnings, the week hits high-gear on Tuesday with reports from JP Morgan, Citigroup, and Wells Fargo.
Featured: How to Know 72 Hours in Advance Which Stocks to Pick (Vantage Point) 
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With precious metals performing very well as of late, many investors are looking for ways to add gold to their portfolios. Thanks to concerns about the global economy and the fact that central banks are injecting tons of capital into financial markets, gold is approaching record high prices and at... Read the Full Story |
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Markets | | | A Tale Of Two Drug-Stores
Neither CVS Health Corporation (NYSE: CVS) nor Walgreens Boots Alliance (NASDAQ: WBA) has staged much of a rebound in the post-pandemic world. This is surprising given their status as the largest retailers of staple, consumer-oriented, healthcare products in the post-pande... Read the Full Story |
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Markets | | | BJs Wholesale Club (NYSE: BJ), a warehouse club chain, has been one of the most consistent performers across 2020. During the stock market carnage of mid-February to mid-March, BJ shares barely dipped before quickly recovering.
As a warehouse club chain, BJs is somewhat recession-proof to begin wit... Read the Full Story |
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Why Oh Why Were You Short Greenbrier?
This morning The Greenbrier Companies (NYSE: GBX) reported earnings sparking a massive short-squeeze. Short-interest going into the report topped 12% which is pretty high for any company. Upon looking at the company’s stats, not even considering today&r... Read the Full Story |
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Fighting the coronavirus has become one of the biggest talking points of the year. Considering how the virus itself has dominated the news since late February, this isn't much of a surprise. One of the biggest names on the front lines trying frantically to develop protection against this virus is ... Read the Full Story |
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The Early Bird Stock Of The Day Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company also produces magnesia-based chemicals products; dolomitic lime primarily to customers for steel production and soil stabilization; and cement treated materials. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1939 and is headquartered in Raleigh, North Carolina. | | View Today's Stock Pick |
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