Good MorningThe S&P 500 pushed up to set another new all-time high in Wednesday trading but was unable to hold the gains. Despite a strong showing from America’s largest retailers news from the FOMC sent a ripple of fear through the market. In the minutes from the last meeting officials at the Fed discussed the potential risks associated with the COVID pandemic and its impact on the U.S. economy. While the committee sees the U.S. on an upward trajectory it also sees the pandemic “weighing heavily on the economy”.
Conversely, data from the housing sector and business updates from a wide variety of retailers suggest a manufacturing boom may already be underway. With sales outpacing Wall Street consensus and pandemically-hindered supply-chains, inventories are falling fast and backlogs are growing. The S&P 500 may correct now and it may not, if it does have your cash ready.
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Lowe’s (NYSE:LOW) is widely expected to deliver a stellar earnings report when the market opens on August 19. The consensus of analysts is for Lowe’s to deliver earnings per share (EPS) of $2.94. That would be a year-over-year (YoY) increase of nearly 40%.
But once source says the hom... Read the Full Story |
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There’s something so satisfying about getting dividend payouts deposited into your account. Watching the payouts stack up and compound over time is one of the most rewarding aspects of investing. People tend to gravitate towards dividend stocks because they generate passive income and can si... Read the Full Story |
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Markets | | Wholesales Prices Are Rising, But So What?
There has been nothing but good news coming out of the used-car industry of late. The pandemic put a hurting on business for a month or so but since then the rebound has been vigorous. Retailers from Carmax (NYSE:KMX) to Autonation (NYSE:AN), Vroom (... Read the Full Story |
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Markets | | Geospatial satellite network operator Maxar Technologies (NYSE: MAXR) shares have staged an impressive breakout on its Q2 2020 earnings results. The turnaround story has legs and shares are basing for the next breakout higher. The stock fell as low as $7.50 during the pandemic market plunge that sen... Read the Full Story |
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Markets | | Move over Tesla. The electric vehicle market has a new player in town. Phoenix-based electric truck manufacturer Nikola (NASDAQ:NKLA) took the market by storm this summer after its June 4th Nasdaq debut. Read the Full Story |
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The Early Bird Stock Of The Day 3M Company provides diversified technology services in the United States and internationally. The company's Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. Its Transportation and Electronics segment provides ceramic solutions; attachment/bonding products, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; semiconductor production materials; data centers solutions; and reflective signage for highway, and vehicle safety. The company's Consumer segment provides consumer bandages, braces, supports, and consumer respirators; home cleaning products; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota. | View Today's Stock Pick |
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