Good MorningThe market got another jolt on Thursday when the Supreme Court ruled against Donald Trump. In a 7-2 decision, the court ruled that Trump must provide a copy of his financial information to the NY attorney general’s office. The decision casts another shadow over the incumbent’s election chances later this year and caused the market to sell-off. A Biden win is seen by most as a negative for the markets.
Thursday’s action was not all bad, however. On a technical basis, Thursday’s sell-off caused a retest of support that confirmed bullish sentiment still dominates the market. By the end of the day, the S&P 500 had reclaimed most of its losses after traders chalked the Supreme Court decision as another brick in the wall of worry. Earnings remain the biggest hurdle for the market. Next week things could get ugly. The peak of the earnings cycle begins with reports from the big banks. JP Morgan, Wells Fargo, and Citigroup all report before the open on Tuesday.
Featured: Tiny Massachusetts Company Awarded $75 Billion Patent (BehindtheMarkets) 
|
Markets | | | If you’re looking for a way to invest in the biotech sector, but don’t want exposure to the crowded coronavirus vaccine trade, I submit that BioXcel Technologies (NASDAQ: BTAI) is an attractive option. Read the Full Story |
|
From Our PartnersA fast approaching trigger could once again generate massive returns for investors. | | Continue Reading |
|
Markets | | |
In a market that seems to be looking for any green shoot it can find, CVS (NYSE:CVS) has been a laggard. CVS stock plummeted nearly 30% from mid-February until mid-March. That wasn’t much different from the rest of the market.
But since then, the stock has only recovered about half of that ... Read the Full Story |
|
Stocks | | | Electronic gaming products operator International Gaming Technologies PLC (NYSE: IGT) shares have been relatively muted during the sports betting app frenzy. Instead IGT has moved more in alignment with the benchmark S&P 500 index (NYSEARCA: SPY). Unlike many of the recent runups, IGT has much m... Read the Full Story |
|
From Our PartnersScott Bauer, a professional trader with 25+ years of experience has already been targeting numerous triple-digit wins like these this year alone…he’s actually put together a free guide that that you can use to help you target wins like these. | | | | Click here to access the Options Profits Trading Guide now. |
|
Markets | | |
Retailers all across the spectrum have been having serious trouble lately. The coronavirus closures have done no one any serious favors, and most of the retail sector is still trying to recover. The news has been especially brutal for Bed Bath and Beyond (NASDAQ: BBBY), but as much as you ma... Read the Full Story |
|
Stocks | | | Packaged Foods Are Hot
Within the consumer staples arena, packaged foods are among the hottest items. When it comes to pantry loading shelf-stable items are key. In this light, it is no wonder that Conagra Brands (NYSE: CAG) and Campbell Soup Company (NYSE: CPB) have both seen bullish activity in r... Read the Full Story |
|
|
The Early Bird Stock Of The Day Cencora, Inc. sources and distributes pharmaceutical products. The company's U.S. Healthcare Solutions segment distributes pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers; provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; packaging solutions to various institutional and retail healthcare providers; clinical trial support, product post-approval, and commercialization support services; data analytics, outcomes research, and additional services for biotechnology and pharmaceutical manufacturers; pharmaceuticals, vaccines, parasiticides, diagnostics, micro feed ingredients, and other products to the companion animal and production animal markets; and sales force services to manufacturers. This segment also distributes plasma and other blood products, injectable pharmaceuticals, vaccines, and other specialty products; and provides other services to physicians who specialize in various disease states, such as oncology, as well as to other healthcare providers, including hospitals and dialysis clinics. Its International Healthcare Solutions segment offers international pharmaceutical wholesale and related service, and global commercialization services; distributes pharmaceuticals, other healthcare products, and related services to pharmacies, doctors, health centers, and hospitals primarily in Europe; and provides specialty transportation and logistics services for the biopharmaceutical industry. The company was formerly known as AmerisourceBergen Corporation and changed its name to Cencora, Inc. in August 2023. Cencora, Inc. was incorporated in 2001 and is headquartered in Conshohocken, Pennsylvania. | | View Today's Stock Pick |
|
