Good MorningThe stock market got a jolt on Tuesday after a mixed-message from Congress first lifted then depressed the sentiment. Early in the session equities were lifted by hopes of a second round of economic stimulus while later those hopes were dashed. Speaker of the House Nancy Pelosi said a deal could come by the end of next week and then the Senate Majority Leader Mitch McConnel nixed the idea.
Equities markets were able to hold on to some of the day’s gains if not all of them and close at a new post-correction high despite the late-day action. Investors and traders anticipating the market melt-up will continue should be reassured the market appears more interested in earnings than economic stimulus. The trend among earnings reports is good; the results and guidance are generally better than expected.
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Recently, AstraZeneca (LON: AZN) has had a bit of an uptick in its share price thanks to some recent news about its work toward a COVID-19 vaccine. While the news has soured a bit, and with it the share price in recent days, it may actually still be worth looking into as a buy thanks to the overal... Read the Full Story |
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Markets | | | With a 30% decline in their shares from just last week, many investors of Valero Energy (NYSE: VLO) might be growing frustrated with the oil and gas giant. Their impressive 140% bounce off March’s lows is quickly being undone and the recovery rally is at risk of falling victim to the downtrend... Read the Full Story |
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Markets | | | It’s been a solid few months for cloud storage giant Dropbox (NASDAQ: DBX) who have watched their stock rally 55% from all-time lows in March to within touching distance of their 52-week highs yesterday. With a 9% jump to start the week, their stock is looking more eager than ever to break the... Read the Full Story |
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Cloud software company Jamf Holding filed for an initial public offering (IPO) last month and is expected to start trading on the Nasdaq this week under the ticker JAMF. The stock could start trading as soon as July 23rd.
Although there seems to be a lot of cloud software startups out there these... Read the Full Story |
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Markets | | | Aggressive Cost-Cutting May Not Be Enough
Haliburton (NYSE: HAL) reported earnings on Monday after the bell and did not give much in the way of good news. For the second quarter that is. The company reported quarter-to-quarter and year-over-year declines in revenue and earnings, saw weakness in all... Read the Full Story |
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The Early Bird Stock Of The Day Mid-America Apartment Communities, Inc. is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year. The Non-Same Store segment includes recent acquisitions, communities in development or lease-up. The company was founded in 1994 and is headquartered in Germantown, TN. | | View Today's Stock Pick |
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