Good MorningThe S&P 500 made a move above its pre-COVID all-time high on Friday. The move was driven by a round of better than expected economic data that paint a bright picture for the U.S. economy. The data includes flash readings on the Manufacturing and Services sector, readings that both show a marked acceleration in economic activity.
In the technical sense, although Friday’s price action was bullish and set a new all-time high it still leaves a lot to be desired. The price action closed at the high of the day but the candle was small and breadth is weak. If there is no follow-through on Monday, the markets could be in for another week of sideways trading, at best. Looking to next week, there are two potential catalysts in the 2nd quarter GDP revision and Friday’s release of the Personal Income and Spending figures.
Featured: The 5G Revolution is #1 in 2020 (Marketing Dynamics) 
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If you think of John Deere (NYSE:DE) as “just” an agricultural business, you’ll have a difficult time of making heads or tails on the future direction of the stock. The company reports earnings on August 21 and there’s enough news to make your head spin.
Since the market s... Read the Full Story |
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Markets | | | One company that looks like a solid option regardless of whether or not cannabis is federally legalized is GrowGeneration Corp (NASDAQ:GRWG), a small-cap stock that has rocketed higher after strong Q2 earnings. Read the Full Story |
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Markets | | | L Brands: The Retail Rebound Expands
L Brands (NYSE:LB) delivered a second-quarter report that was more than surprising. Not only did the company beat on both the top and bottom lines, but it also delivered some news and outlook that paint a bright future for this stock. Among the news are a meteor... Read the Full Story |
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From Our PartnersThere's plenty of growth in store for biotech. For one, the sector is still one of the safest, most recession-proof investments around. Two, an aging population will demand new, aggressive treatments to treat a myriad of issues. And three, with COVID-19 treatments desperately needed, biotech has taken center stage. | | Click Here to Download the FREE Report |
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Markets | | | Sometimes as an investor, the easiest way to avoid losing money is by not fighting a trend. And a stock like Adobe (NASDAQ: ADBE), with its decade long annual growth rate of 32%, is a prime example. The $230 billion multimedia and creativity software giant has been around for a lot longer than many ... Read the Full Story |
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Markets | | | A powerful up-trend is often a hint of good days ahead. In the case of Boston Beer (NYSE: SAM), the stock was trading at a rich valuation when I covered it nearly two months ago. But due to its sterling technicals, I recommended getting in and riding the up-trend for as long as it lasted. If you pic... Read the Full Story |
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From Our PartnersMany believe there’s a revolution coming… Others believe 5G will transform just about every industry in America. Receive a free report “The Top 3 5G Stocks Causing this Revolution in 2020”... | | | | Continue Reading |
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The Early Bird Stock Of The Day Franchise Group, Inc. owns and operates franchised and franchisable businesses. It operates through six segments: Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's, and Sylvan. The Vitamin Shoppe segment operates as an omnichannel specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products. The Pet Supplies Plus segment operates as an omnichannel retail chain and franchisor of pet supplies and services that includes premium brands, proprietary private labels, and specialty products, as well as offers grooming, pet wash, and other services. The Badcock segment operates as a specialty retailer of furniture, appliances, bedding, electronics, home office equipment, accessories, and seasonal items in a showroom format; and offers multiple and flexible payment solutions and credit options through its consumer financing services. The American Freight segment operates a retail chain the provides in-store and online access to furniture, mattresses, new and out-of-box home appliances, and home accessories; and serves as a liquidation channel for appliance vendors. The Buddy's segment operates as a specialty retailer of consumer electronic, residential furniture, appliances, and household accessories through rent-to-own agreements. The Sylvan segment establishes and grows as a franchisor of supplemental education for Pre-K-12 students and families in the United States and Canada. The company was formerly known as Liberty Tax, Inc., and changed its name to Franchise Group, Inc. in September 2019. Franchise Group, Inc. was incorporated in 2010 and is headquartered in Delaware, Ohio. | | View Today's Stock Pick |
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