Good MorningThe equities market tried to extend the August rally on Monday but wasn’t able to hold the gains. The S&P 500 set a new all-time high in early trading but gave it up to close with a small loss. Even so, the broad-market index closed out the month with the best August gains since 1984. The question for traders now is what will happen when Wall Street goes back to work in September?
With equities trading at all-time highs and near-record valuations, it is all but certain some profit taking will take place. One possible catalyst is the August Non-farm payroll report. The report is expected to show another sizeable gain in employment and could be make-or-break news for the stock market. Until then investors are urged to keep some cash ready. If and when the market decides to pull back it’ll be another great time to load up on cheap stocks
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Markets | | |
Investors that can do basic math will realize that the numbers that H&R Block (NYSE:HRB) is likely to report in its first-quarter 2021 earnings report are decoupled from reality. The company is projected to report earnings per share (EPS) of 37 cents on revenue of $557.85 million. The whisper ... Read the Full Story |
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Markets | | | Big Lots Suffers From High-Expectation Syndrome
Looking at Big Lots (NYSE:BIG) second-quarter report I can find absolutely no reason why the stock tanked 10% after its release. Looking into the company’s expectations and taking note of an incredibly high short-interest (above 20% even today) ... Read the Full Story |
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Markets | | | Eaton Corporation Prepares For Economic Rebound
Eaton Corporation (NYSE:ETN) was not immune to the pandemic. The company is a maker of electrical components for business, industry, and residential use, and its markets were hit hard. But that doesn’t mean it isn’t a buy. The Eaton Corpor... Read the Full Story |
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From Our PartnersThe Uranium Bull Market has finally arrived and it could be one for the history books. Just like last time when we watched the uranium price shoot all the way to $140. In the immortal musings of all-time Yankee great, Yogi Berra, 'It's Déjà vu All Over Again!' because this below-the-radar company has secured the fairway tract of land in the Saudi Arabia of Uranium - Canada's famed Athabasca Basin. | | More details here... |
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Markets | | | Freshpet (NASDAQ: FRPT) was trading at all-time highs right before the onset of the pandemic. But after the natural pet food company’s shares lost around half their value in less than a month, they have come roaring back, nearly tripling off the lows and trading at nearly 40% above those pre-p... Read the Full Story |
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Markets | | | A couple of months ago, I recommended buying Chegg (NYSE: CHGG) on an explosive breakout to around $68 a share. Shares of the education platform quickly ran up more than 20 points, before stalling out.
Now, after pulling back for a few weeks, CHGG is trading around the 50-day moving average.
Follo... Read the Full Story |
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From Our PartnersThe coronavirus knocked the wind out of stocks. But there are 5 Companies that could be HUGE in 2020 and 2021! Time to get your FREE Report on these 5 Companies that could DOMINATE! (Tickers Included) | | | | View the stocks here |
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The Early Bird Stock Of The Day Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations customers; non-residential construction market; farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota. | | View Today's Stock Pick |
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