Good MorningThe equity markets were able to tread water for a second day on Tuesday and managed to set a new high in the process. The S&P 500 hovered between gains and losses most of the day, trading in a very tight range, before moving higher at the end of the session. Despite the smallness of the move, the S&P gained only 0.36%, the technical implications for the market is very bullish. The S&P 500 is poised to set a new all-time high, all we need now is a catalyst.
The July non-farm payroll report could be it. The NFP is expected to show a net increase in job creation but there is a risk the figure will miss expectations. Consistently high numbers of initial jobless claims are only one reason for the market to fear. Regardless, with the S&P 500 trading at fresh highs and above previous resistance there is more risk of the market higher than not. Earnings in the second quarter and outlook for the year have been much better than expected and could easily drive the index higher over the coming weeks.
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Disney (NYSE:DIS) will report earnings for its fiscal third quarter when the market closes on August 4. And if you put stock in things like the whisper number, it could be a dismal report for Disney. The earnings whisper number is hinting the House of Mouse will report negative earnings per share ... Read the Full Story |
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Although some investors view emerging markets as risky and volatile, that doesn’t mean you should avoid them entirely. Stocks from developing countries can offer huge profit potential and a nice way to diversify your portfolio if you invest in strong businesses. Since many U.S. equity valuat... Read the Full Story |
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Markets | | | Automotive tire and service company Goodyear Tire and Rubber Company (NYSE: GT) shares have recently peaked with a sell-the-news reaction to is Q2 2020 earnings reports. Shares briefly recovered to its February pre-pandemic levels before pulling back with the benchmark S&P 500 index (NYSEARCA: S... Read the Full Story |
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From Our PartnersThis company's world-class gold discovery boosted its shares 118.9% in a single day and kicked off the biggest staking gold rush in the history of the region.
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I know that most companies could say they need a good break or two, but in the case of Amarin (NASDAQ:AMRN) it has a particular meaning. The company just reported second-quarter 2020 earnings and it was a mixed bag. The company had an easy beat in earnings per share, but it missed on revenue.
But... Read the Full Story |
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Markets | | | Casper (NASDAQ: CSPR) plunged 13% on more than double its average volume yesterday, just one day before the mattress startup’s lock-up period expires. Investors rushed to the exits before insiders are allowed to sell their shares.
While Casper is currently losing money, e-commerce was largely... Read the Full Story |
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The Early Bird Stock Of The Day DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates distribution substations and line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to various residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as air supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1849 and is based in Detroit, Michigan. | | View Today's Stock Pick |
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