Good MorningEquity markets got off to a good start on Monday despite the lapsing of enhanced unemployment benefits. The move, a gain of less than 1.0% for the S&P 500, was driven by hope a new stimulus deal could be reached and soon. The sticking point is the benefit enhancement itself, Democrats want to extend the $600 payment while Republicans think a smaller amount is in order.
Monday’s move in the stock market is positive for another reason. The S&P 500 moved up to set a new post-correction high as it extends its historic market melt-up. Later in the week, traders will be looking for additional fuel for the melt-up in the labor data. The non-farm payrolls report is due out on Friday and could easily spark the rally that takes the S&P 500 back to its previous all-time high. The risk is that job losses have accelerated, news that could send the market back into a tailspin.
Featured: 5 Tech Stocks to Buy Immediately (IPM) 
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Markets | | | An exchange-traded fund (ETF) is a basket of stocks that trades on the stock exchange with a single value. They offer a great way to get exposure to an industry or industries while retaining enough diversification that you’re not overly exposed to any one company.
They also allow investors to... Read the Full Story |
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From Our PartnersBiotech has proven to be one of the hottest sectors in the stock market for quite a few years. We show you why the best is yet to come. | | Continue Reading |
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Travel stocks such as Hyatt Hotels (NYSE: H) were keenly affected by the novel coronavirus. Investors will get a sense of just how badly some hotel chains fared when Hyatt reports earnings after the bell on August 3.
The report is expected to be awful. Hyatt is expected to report negative e... Read the Full Story |
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It's almost difficult to keep track of the controversies that have been generated by COVID-19, but perhaps one of the biggest is how governments responded to it in terms of nursing home patients. Arguably the most vulnerable population of humans when it comes to getting diseases—especially n... Read the Full Story |
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From Our PartnersIt trades for just $2 per share...
Its 'gatekeeper' technology holds hostage the entire $12 Trillion 5G revolution...
it just secured a CRITICAL 5G patent...
and by October 1st, my research says a major smartphone player could buy out this tiny company and hand us a FAST FORTUNE! | | Click here for the full story >> |
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Markets | | | Energy drink maker Monster Beverage (NASDAQ: MNST) shares have been trading at 52-week highs and outpacing the benchmark S&P 500 index (NYSEARCA: SPY). While not originally expected to be a pandemic benefactor, the upsurge in sales as isolation mandates are pulled has enabled shares to rally in ... Read the Full Story |
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Markets | | | America’s Car-Mart (NASDAQ: CRMT), a US automotive retailer that sells used cars and finances the purchases, has roared back to within striking distance of February levels after losing more than three-quarters of its value between mid-February and mid-March.
The company, which operates 148 de... Read the Full Story |
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From Our PartnersBill Gates sees HUGE potential. And the FDA has just "fast-tracked" this new technology Approval could happen any day now, and send shares screaming higher. I'm talking about huge 1,000% gains in as little as a day for this tiny $4 stock. | | Go here for the urgent details. |
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The Early Bird Stock Of The Day Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA. | | View Today's Stock Pick |
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