Good MorningEquities markets continue to melt-upward as economic outlook and earnings hope drive sentiment. Monday action saw the broad market S&P 500 advance more than 1.25% and set a new one-month high. The move was led by tech, shares of Amazon and Netflix were among the leaders, as many of the FAANG names hit new all-time highs.
The next phase of market action investors should look out for is panic buying and it may be at hand. Now that the rebound is in full-force the fear-of-missing out will become a powerful catalyst for some market participants. Investors rushing to capture whatever gains are left in the market could drive prices wildly higher. If you are not already in the market it may be best to wait for the next sell-off before putting any new money to work.
Featured: "This Will Be the No. 1 Tech Stock of 2020." (Legacy Research) 
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When the Wizard of Omaha makes a move, it tends to be the kind of move that draws interest. Warren Buffett's stock purchasing moves have led to some incredible gains over the years, though some have suggested that the name has become a bit tarnished in recent years. Berkshire Hathaway (NYSE:BRK.A)... Read the Full Story |
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Markets | | | Clorox (NYSE: CLX) and Kraft Heinz (NASDAQ: KHC) don’t have a lot in common other than their classification as staples but they share an important relationship among today’s best-positioned consumer staples stocks Read the Full Story |
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Markets | | | Essential apparel maker Hanesbrands, Inc. (NYSE: HBI) shares have been underperforming the benchmark S&P 500 index (NYSEARCA: SPY) since the rally commencing in the last week of March 2020. Shares saw an acceleration in June surging to a peak of $14.01 on a June 9, 2020, on the appointment of it... Read the Full Story |
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When was the last time you heard an insurance company described as “cutting-edge”? Insurance stocks are known for being steady and safe for investors since they typically provide gradual returns along with dividends over the long run. However, a new tech-centric insurance company that ... Read the Full Story |
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Avis Budget Group (NASDAQ: CAR) shares surged as much as 29% on Thursday before closing up 15% after Morgan Stanley gave it an upgrade. Analyst Adam Jonas raised his price target from $25 a share to $37.
Avis shares plummeted from over $50 a share in mid-February to a low of $6.35 in mid-March on... Read the Full Story |
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The Early Bird Stock Of The Day Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company owns and operates renewable diesel and ethanol plants, as well as produces renewable diesel and naphtha under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distiller grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas. | | View Today's Stock Pick |
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