Good MorningThe equities markets continue to prove their resilience by treading water in the face of an onslaught of news and uncertainty. Topping the list is a growing stalemate between Congressional and Senate leaders over how to proceed with the next round of economic stimulus. Republicans in the Senate want to extend enhanced unemployment benefits among a number of other measures but Democrats feel the offer falls short.
Also in focus on Tuesday is the Federal Open Market Committee. The FOMC announced it would leave its newly opened lending facilities active until year-end in an effort to stave off the effects of COVID-19 to the economy. The news came just a day before the regularly scheduled policy announcement and helped send the dollar to new lows. Most important to traders and investors, however, is the earnings. This week is the busiest of the earnings season and the bulk of reports are due out over the next two days.
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With the spot price of gold reaching new all-time highs of over $1,900 per ounce, it’s safe to say that the gold and precious metals market is heating up. Traditionally, gold is considered as a safe-haven asset or a hedge against the U.S. dollar, low-interest rates, and inflation. This could... Read the Full Story |
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Markets | | | Of the pandemic work-at-home technology plays, Slack Technologies (NASDAQ: WORK) stock has been underperforming. The Company recently filed a European Union (EU) antitrust suit against Microsoft (NASDAQ: MSFT) Read the Full Story |
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Markets | | | With a 5% bounce during Monday’s session, shares of Alexion Pharmaceuticals (NASDAQ: ALXN) halted and for the most part undid a 10% slide from the past two weeks. It’s Q2 earnings are due out this Thursday and yesterday’s pop could well be viewed as some bullish positioning for an ... Read the Full Story |
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It was a little over a month ago when we last had a look at Sherwin-Williams (NYSE: SHW), and our research figured it was a buy back then when it closed at $582.47. Fast-forward to the present day, a little over a month later, and the company has lodged itself firmly in new highs for the year. Is ... Read the Full Story |
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Markets | | | Whirlpool (NYSE: WHR) shares broke out to 52-week highs on Thursday after reporting better-than-expected Q2 earnings and full-year guidance. After closing down slightly on Friday, shares tacked on further gains in Monday’s session, surging nearly $8 to over $165 a share.
At first glance, Whir... Read the Full Story |
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The Early Bird Stock Of The Day Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile. In addition, the company offers security gateways and software platforms that support small and medium sized business. Further, it provides cloud network security, cloud native application protection, security and posture management, cloud identity and entitlement, cloud workload protection, cloud detection and response, and cloud web application protection for web applications and APIs; and Check Point Harmony that delivers endpoint and secure connectivity for remote user access. Additionally, the company offers technical customer support programs and plans; professional services in implementing, upgrading, and optimizing Check Point products comprising design planning and security implementation; and certification and educational training services on Check Point products. It sells its products through distributors, resellers, system integrators, original equipment manufacturers, and managed security service providers. Check Point Software Technologies Ltd. was incorporated in 1993 and is headquartered in Tel Aviv, Israel. | | View Today's Stock Pick |
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