Good MorningDespite what is fast-becoming a much better than expected reporting season news from Washington, D.C., and fear of the COVID-19 pandemic sapped risk-on sentiment in Thursday's trading. From Washington, the word is that Republican lawmakers are still haggling over the details for a proposed round of economic stimulus. The impasse casts a shadow of doubt on whether the bill can be finalized before previously passed unemployment benefits expire.
On the pandemic front, the spread of COVID is accelerating in several places around the world raising doubts about the recovery. With cases hitting new highs in the U.S. daily the likelihood of further economic damage is very real. The fear now is that July’s non-farm payrolls report will show a slow-down in hiring or worse, a net job loss due to COVID related closures. The S&P 500 was up early in the day and set a new post-correction high but gave up the gains and more by the end of the day.
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Markets | | | With its brick and mortar heavy business, shares of electronics retailer Best Buy (NYSE: BBY) can be forgiven for being a little slower to recover Q1’s losses compared to their e-commerce cousins. The likes of Alibaba (NYSE: BABA), Amazon (NASDAQ: AMZN) and Wayfair (NYSE: W) have all reaped th... Read the Full Story |
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From Our PartnersHe was living with his parents. Two years later he had $5 million to play with - all because of this 1 EXTRA INCOME strategy. | | To see how he did it click here. |
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Stocks | | | On the heels of the big banks reporting earnings last week, two of the largest credit card issuers were on deck this week. Capital One (NYSE: COF) reported earnings after the market closed on July 21. Discover Financial Services (NYSE: DFS) reports after the closing bell on July 22. Read the Full Story |
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Even though the global pandemic appears to be causing some serious economic damage, things could be looking up for certain sectors. Positive signs in the housing market and home building industry have led stocks in the sector to make some sharp moves up in recent weeks. A big part of this has to d... Read the Full Story |
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From Our PartnersFormer Wall Street whiz kid says there's one small company at the epicenter of the $3 TRILLION electric car boom... and very few people are paying attention to it right now. | | REVEALED HERE |
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Employment Services, They Took A Hit In The 4th Quarter
Cintas (NASDAQ: CTAS) is one of my favorite stocks of all time and a great play on the labor market. When I first became aware of the company it was trading in the $80 range and has since seen its shares skyrocket to over $300 each. In that ... Read the Full Story |
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Markets | | | It’s always impressive when a stock hits all-time highs, but it’s all the more impressive after they’ve already rallied 600% in little more than two years. Shares of Advanced Micro Devices (NASDAQ: AMD) have been on an absolute burner since the summer of 2018 and show no signs of s... Read the Full Story |
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The Early Bird Stock Of The Day As of January 15, 2021, Concho Resources Inc. was acquired by ConocoPhillips. Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of West Texas and southeast New Mexico. As of December 31, 2019, its estimated proved reserves totaled 1.0 billion barrels of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas. | | View Today's Stock Pick |
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