Good MorningThe equity markets continue to drift upward in a melt-up that has all but recovered the COVID-19 inspired sell-off. The action on Monday was light and held within a tight range but set a new high in the process. Now, with the S&P within an easy strike of a new all-time high, the question becomes what happens next?
Monday’s action was supported by earnings and hope for another round of economic stimulus. The second-quarter earnings cycle has proven two things to the market and both of them are good. On the one hand, the economic downturn was not as bad as feared while on the other the outlook for the rest of the year is better than expected. Regarding the stimulus, the market is counting on more stimulus so if it doesn’t come we could be in for another big sell-off.
Featured: The Real Reason Stocks Could Rally in 2020? (Banyan Hill) 
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Markets | | | Some of the market’s biggest winners since the pandemic are companies that have directly benefited from all the time people have spent at home.
Wayfair (NYSE: W), for example, is an e-commerce company that sells furniture and home goods. Wayfair shares have surged since the onset of the pande... Read the Full Story |
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It might be hard to see, at first glance, how a gold miner might be an unexpected winner in the COVID-19 era, if you can really call anything a winner in this situation. For Barrick Gold (NYSE:GOLD), however, it's delivered some impressive results through what may be the worst period of the US eco... Read the Full Story |
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Markets | | | Canopy Growth Corporation (NYSE:CGC) reported earnings today and put the industry into a little better perspective. The company beat on the top and bottom lines proving not all cannabis companies are the same. Read the Full Story |
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From Our PartnersOne "original 7" electric car employee has beaten his former company to market on an energy innovation so powerful it can send a Tesla cross country without charging - 4 times. This small company behind it is facing demand that will lead to an unprecedented market surge. | | Click here for details. |
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Genetic analysis specialist Illumina (NASDAQ:ILMN) dropped 11% last week following softer than expected second-quarter results. Both revenue and earnings fell short of the consensus estimates ending a streak of five straight quarterly earnings beats.
The challenging pandemic environment weighed o... Read the Full Story |
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Markets | | | The Canadian Cannabis Market Is Under Pressure
If there is one thing becoming clear about the Canadian cannabis industry is that it is still under pressure. If not from investors then the business at least. The problem? The industry is still suffering from massive oversupply issues tied to overly a... Read the Full Story |
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From Our PartnersA former Home Depot clerk reveals his secret that made him millions of dollars. He's traded in his tool belt for a new Tesla, and is prepared to teach you exactly how to do it... | | Get the details here...
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The Early Bird Stock Of The Day Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. The company was incorporated in 1983 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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