Good MorningThe S&P 500 was able to move higher in Thursday’s session despite a new reason for investors to worry. A new round of economic data suggests the economic recovery could be losing momentum. The data includes the latest read of the Index of Leading Indicators and the Philadelphia Fed’s Manufacturing Business Survey, both of which point to growth although slower growth than before.
What investors need to understand is that, while the Philly Fed Survey and Leading Indicators decelerated from the prior month, both are still well above levels seen in the 18 months leading into the pandemic.
Regarding the indices, the S&P 500 continues to struggle with its all-time highs. The day’s action was bullish but it fell short of reclaiming the highs set in the previous session. With the spin on news negative, the index may keep struggling with the highs or even pull-back to firmer support levels.
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Markets | | | Alibaba (NYSE:BABA) will report earnings on August 20. Investors are expecting to see the company post numbers that indicate the company’s e-commerce business is free of the novel coronavirus and firing on all cylinders. Read the Full Story |
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Companies that produce electric vehicles are some of the hottest stocks in the market right now, so much so that virtually any company that is involved in the industry is seeing a lot of speculative activity. It’s easy to see the potential in EV (electric vehicle) companies, with carbon emis... Read the Full Story |
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Markets | | | Recreational vehicle (RV) manufacturer Winnebago Industries (NYSE: WGO) shares have returned back near its pre-COVID February highs as the benchmark S&P 500 index (NYSEARCA: SPY) also returns towards its all-time highs . 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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Markets | | | Luxury fashion brand retailer Capri Holdings Limited (NASDAQ: CPRI) stock is starting to rebound on the wider time frame charts as global economic restarts improve consumer sentiment. The Company operates three primary luxury brands Michael Kors, Versace and Jimmy Choo. While shares plummeted ... Read the Full Story |
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Apparel retailer Gap Stores (NYSE: GPS) shares have been seeing a resurgence as lockdown mandates get lifted and malls resume consumer traffic. As the bench S&P 500 index (NYSEARCA: SPY) grinds recovers off March 2020 lows towards new all-time highs, money managers are desperately searching fo... Read the Full Story |
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The Early Bird Stock Of The Day Digital Ally, Inc. produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices. It also provides EVO Web, a web-based software that enables police departments and security agencies to manage digital video evidence quickly and easily; FleetVU Manager, a web-based software for commercial fleet tracking and monitoring; ThermoVu, a non-contact temperature-screening instrument that measures temperature through the wrist and controls entry to facilities when temperature measurements exceed pre-determined parameters; and Shield disinfectants and cleansers, as well as other personal protective equipment and supplies, such as masks, gloves, disposable wipes, and electrostatic sprayer to health care workers and other consumers. In addition, the company offers working capital and back-office services, including insurance and benefit verification, medical treatment documentation and coding, and collections to healthcare organizations; and operates TicketSmarter.com, an online ticketing marketplace for ticket sales, partnerships, and ticket resale services for live events, including concerts, sporting events, theatres, and performing arts. Digital Ally, Inc. was founded in 2004 and is headquartered in Lenexa, Kansas. | | View Today's Stock Pick |
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