Good MorningInvestors counting on the S&P 500 to hit new highs may be in for a disappointment. The action on Tuesday started out strong but by the end of the session, the broad market had given up its gains and moved into the red. The move was small but may foreshadow a much a deeper move yet to come. With the S&P 500 up nearly 50% from its post-pandemic low it is overdue for profit-taking if not a correction.
Longer-term, investors should remain focused on earnings. While not all S&P 500 companies are beating consensus for second-quarter earnings, the outlook for most can be described as better than expected. With the outlook for earnings in 2020 improving and growth expected in 2021, the odds of the S&P 500 hitting a new all-time high in the second half of 2020 remain very high.
Featured: Tiny Massachusetts Company Awarded $75 Billion Patent (Behind the Markets) 
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Stocks | | |
Things are constantly changing in the stock market, including which sectors are showing relative strength and helping the market tick upwards. While technology stocks have been roaring up higher for months, new economic data such as falling jobless claims and a slowdown in the number of COVID-19 c... Read the Full Story |
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From Our PartnersSilicon Valley legend gives away the name of the company behind a powerful new "6G" network. It's far more powerful than 5G and could be worth trillions of dollars. | | Click here to learn more. |
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Markets | | | Like many other tech companies that fall into the internet / social media/e-commerce industry buckets, Pinterest (NYSE: PINS) has done well out of the coronavirus. It wasn’t always like this though and the company had a shaky start. They only IPO’d in April of last year but by March... Read the Full Story |
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Markets | | | Memory and storage semiconductor maker Micron Technology (NYSE: MU) shares haven’t been participating with the benchmark S&P 500 index (NYSEARCA: SPY) recovery nor the recent rise in the chip stocks tracked by the Market Vectors Semiconductors ETF (NASDAQ: SMH). The momentum was broken by ... Read the Full Story |
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Markets | | | Haverty Furniture Companies Is Emerging Stronger Than Before
Haverty Furniture Companies (NYSE:HVT) has been on my perma-watchlist for the last couple of years because of two things. The first was its outlook for growth, the second was its position as a dividend-payer with high probability for futu... Read the Full Story |
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Markets | | | It Was A Bad Quarter, But That Was Expected
Canada Goose (NYSE:GOOS) did not report a great quarter, but that was expected. The company saw its revenue fall -63.3% from the previous year as demand for high-end, luxury outerwear virtually dried up. The salient point for investors is that, although d... Read the Full Story |
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From Our PartnersIn November of 2016, a tiny biotech restored blindness in mice. Learn why this new breakthrough is so powerful that President Trump signed Executive Order 13874 for “national security” reasons! | | | | Continue Reading |
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The Early Bird Stock Of The Day Jack in the Box Inc. operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California. | | View Today's Stock Pick |
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