Good MorningThe S&P 500 hovered within a very tight range for the fourth day in a row on Monday. The broad market index continues to brush up against its all-time high but failed once again to hit the mark. The day’s trading was influenced by both hope and fear, hope that the U.S. Congress could finalize an additional stimulus bill and fear that it wouldn’t.
Market action was also influenced by the week’s roster of events. Regarding earnings, most of the big retailers from Walmart to Target, Home Depot to Lowes are slated to report and the expectations are high. Regarding economic data, the market is waiting for the release of Minutes from the last Fed meeting as well as key reads on manufacturing, services, and the housing market. If the earnings and economic data come in strong the market may not need another stimulus bill to push the S&P 500 above its all-time high.
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Markets | | After a 25% pullback from last month’s all-time highs, investors might have been starting to think that Tesla (NASDAQ: TSLA) shares were going to cool off for a while. They’d run up 90% in less than two weeks which, even for Tesla, is a bit of a stretch.
But a 20% jump over the last thr... Read the Full Story |
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Markets | | Steakhouse operator Ruths Hospitality Group (NASDAQ: RUTH) shares are starting to turn the corner on the monthly charts as restart narratives take shape. Restaurant stocks as a group are starting to see a recovery as pent up demand from consumers start to improve sentiment for carrying out and ... Read the Full Story |
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Markets | | Online automotive marketplace platform Cars.com (NASDAQ: CARS) shares have been lagging the benchmark S&P 500 index (NYSEARCA: SPY) during the recovery rally. COVID-19 epicenter stocks within the travel, lodging, leisure, dining, and automotive industries are seeing money flowing back in as a va... Read the Full Story |
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Markets | | A Head-Spinning Two Weeks For Rocket Companies
Rocket Companies (NYSE:RKT) IPO’d less than two weeks ago and in the time since has had the market’s head spinning. The IPO itself came with a lot of expectations, expectations that weren’t met by the disappointing showing on opening ... Read the Full Story |
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Markets | | BorgWarner (NYSE: BWA) shares are now trading above pre-pandemic levels, after completing a V-shaped recovery, basing for a couple of months, and then breaking out.
While some companies’ numbers have improved since the onset of the pandemic, leading to increases in their share prices, BWA has... Read the Full Story |
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The Early Bird Stock Of The Day Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal. It owns and operates refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana, as well as biodiesel facilities in Crossett, Arkansas, Cleburne, Texas, and New Albany, Mississippi. The Logistics segment gathers, transports, and stores crude oil, intermediate, and refined products; and markets, distributes, transports, and stores refined products, as well as disposes and recycles water for third parties. It owns or leases crude oil transportation pipelines, refined product pipelines, crude oil gathering systems, and associated crude oil storage tanks; and owns and operates light product distribution terminals, as well as markets light products using third-party terminals. The Retail segment owns and leases convenience store sites located primarily in West Texas and New Mexico. Its convenience stores offer various grades of gasoline and diesel under the DK or Alon brand; and food products and service, tobacco products, non-alcoholic and alcoholic beverages, and general merchandise, as well as money orders to the public primarily under the 7-Eleven and DK or Alon brand names. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee. | View Today's Stock Pick |
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