Good MorningThe equities markets got a boost on Friday after a stronger than expected non-farm payrolls report. The headline figure of 4.8 million was far above analysts’ estimates and has added fuel to the market’s melt-up. The down shot is that news related to the COVID-19 pandemic helped cap gains. Word of new record levels of cases in the U.S. has the markets worried about another round of economic interruption and the impact on earrings.
Despite the worry, Friday’s action was bullish as it set a new high and closed above the previous day’s action. The candle, a small doji, is a sign of indecision but one that will likely lead to higher prices over the next few weeks. With the reopening underway, economic data is going to be strong and that will drive bullish sentiment as the 2nd quarter earnings cycle gets underway.
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It’s safe to say that the short term impact of the global pandemic on the commercial retail sector has been devastating. With malls forced to shut down for an extended period of time and more and more consumers shifting towards online shopping, times are tough for major mall owners. Simon Pr... Read the Full Story |
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Stocks | | | Fast-Food Is Rebounding Fast
Restaurant stocks, specifically fast-food restaurant stocks and/or those with a drive-through or delivery presence, have been doing well in the post-pandemic world. The data shows a bottom was hit in March and sales have only been accelerating since. Based on the data a... Read the Full Story |
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Markets | | | E-commerce stocks are arguably seeing a 1999-like bubble as the COVID-10 pandemic has bestowed a halo effect on companies with frictionless transactions coupled with a network effect. Online marketplace Etsy, Inc. (NASDAQ: ETSY) enables individuals and businesses to auction, buy and sell unique cust... Read the Full Story |
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Markets | | | Pharmaceutical giant Pfizer (NYSE: PFE) got off to a good start in Q3 with a 5% gap up to start Wednesday’s session. Shares were popular on Wall Street after positive results from a coronavirus vaccine trial were released. It’s still early days, with only 45 patients taking part, but sti... Read the Full Story |
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Markets | | | Stunning News, To Say The Least
The market just received a stunning jobs report but I can’t say that I am surprised. The consensus target for this month was way too low considering the environment we are in. This is not like any ordinary recession we have ever seen. There was no collapse of b... Read the Full Story |
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The Early Bird Stock Of The Day NVR, Inc. operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers. It also provides various mortgage related services to its homebuilding customers, as well as brokers title insurance; performs title searches in connection with mortgage loan closings; and sells mortgage loans to investors in the secondary markets on a servicing released basis. The company primarily serves in Maryland, Virginia, West Virginia, Delaware, New Jersey, Eastern Pennsylvania, New York, Ohio, Western Pennsylvania, Indiana, Illinois, North Carolina, Georgia, South Carolina, Florida, Tennessee, and Washington, D.C. NVR, Inc. was founded in 1980 and is headquartered in Reston, Virginia. | | View Today's Stock Pick |
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