Good MorningThe equities market started the week on positive footing rising nearly 1.0% in early-week action. Despite a lack of news or economic data, the expectation that 2nd quarter earnings are going to be better than expected continues to support the market. This week marks the beginning of peak season so be sure to expect some volatility if nothing else. Regarding economic data, there is very little on the calendar for investors to be wary of.
On a technical basis, Monday’s price action is very bullish because of one reason; the S&P broke above recent resistance to set a new post-correction high. The move suggests that bulls are still in control of what is fast-becoming an historic market melt-up. Assuming there are no major surprises in this week’s earnings or data investors should expect the S&P 500 to retest its all-time highs in a matter of weeks.
Featured: New Gold Bank Stock Set to Shine in Crisis Environment (Resource Stock Digest) 
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Markets | | | A Post-Pandemic Winner
Chipotle Mexican Grill (NYSE: CMG) has been in a multi-year rebound that has, quite frankly, years left to run. The rebound began with CEO Brian Niccol took over early in 2018, it began to gain momentum over the past year, and was turbo-charged by the pandemic. Niccol, a vete... Read the Full Story |
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Markets | | | Medical and pharmaceutical products supplier Cardinal Health (NYSE: CAH) shares have been rangebound for years even during the February 2020 (-34%) pandemic panic sell-off on the benchmark S&P 500 index (NYSEARCA: SPY). As the SPY recovers back to just 5% below all-time-highs, Cardinal Health ma... Read the Full Story |
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Markets | | | A Hard Stock To Own
Cal-Maine (NASDAQ: CALM) is not such an easy stock to own, over the long-term, for two primary reasons. The first is that, as the nation’s largest consolidated egg-producer, it’s business is heavily dependent on demand, egg prices, production volumes, and season... Read the Full Story |
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Markets | | | 1-800 Flowers (NASDAQ: FLWS) set all-time highs on Thursday before edging slightly higher in Friday’s session. It’s been a volatile past month for FLWS, especially considering the low volatility of the S&P 500 over the same period.
The company actually deals in more than flowers. FL... Read the Full Story |
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Markets | | | D.R. Horton (NYSE: DHI) has been one of the top performers in the sector, hitting all-time highs on Friday. Digging deeper into the data and home-buying shifts, DR Horton is uniquely positioned to capitalize. Read the Full Story |
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The Early Bird Stock Of The Day Akamai Technologies, Inc. provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and cloud computing services, such as compute, storage, networking, database, and container management services to build, deploy, and secure applications and workloads. In addition, the company offers content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts. | | View Today's Stock Pick |
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