Good MorningEquities market started the week on solid footing Monday with record closes for all three major indices. The indices all closed with gains in the range of 1.0% with price action led by the Dow Jones Industrials. The industrials have been lagging the broader market and tech since the rebound began and are now on the verge of catching up.
This week investors will need to watch out for a number of economic events including commentary from Fed Cheif Jerome Powell. Topping the list of economic announcements is the Friday release of Income and Spending figures but housing, labor data, and a GDP revision could each move the market. Regarding Mr. Powell, his words will be closely watched for indications of if and when the FOMC will next act. Another round of stimulus either fiscal or monetary is sure to keep the market moving to new highs.
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At a quick glance, there’s not a lot to like about Children’s Place (NYSE:PLCE) stock. The company had to shutter its brick-and-mortar operations in response to the Covid-19 pandemic. And the stock is down nearly 200% for the year. Recent analyst ratings have not helped the business ca... Read the Full Story |
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AstraZeneca (LON:AZN) path in recent weeks has been comparatively quiet, and for a company we've cited in the past for its sheer stability, that's probably to be expected. We last saw the company bringing out new treatments to take on a disease that's an even heavier hitter than COVID-19—COP... Read the Full Story |
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Some investors like high flying technology companies while others prefer more mundane business models. Industrial packaging leader Greif (NYSE:GEF) falls into the latter category.
The Ohio-based company sells a range of rigid, flexible, and paper packaging products to a broad group of industries.... Read the Full Story |
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Markets | | | Spotify (NYSE: SPOT) was one of the hottest stocks in the market between mid-May and the end of June, with shares nearly doubling in six weeks.
The Swedish streaming company proved it was serious about becoming a podcast powerhouse during that period, signing exclusive deals with Joe Rogan, Warner ... Read the Full Story |
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Markets | | | KB Home (NYSE: KBH) looks ready to breakout after basing between $27.44 and $38.50 a share over the past three months.
The good news keeps rolling in for the homebuilders, but KB Home’s performance has been uneven in 2020.
That said, broader industry trends combined with company-specific rep... Read the Full Story |
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The Early Bird Stock Of The Day Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was incorporated in 2002 and is headquartered in Santa Barbara, California. | | View Today's Stock Pick |
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