Good MorningEquities held steady at the freshly set all-time highs on Thursday as the market gears up for the true peak of earnings season. While there have been a fair amount of earnings reports delivered it pales in comparison to what the market will get over the next two weeks. Roughly 50% of the S&P 500 will report earnings for the 3rd quarter and set the tone for trading over the next two to three months. So far, a higher number of S&P 500 company’s than average have been beating their estimates but that could quickly change. The real risk, however, is in the guidance and far too many company’s are lowering their targets for earnings.
Next week will also be an important week for economic data. There are not a lot of economic reports out but the most important report of the month comes out on Friday. The monthly read of income and spending includes the Fed’s favored tool for measuring consumer-level inflation, the PCE price index.
Featured: This Alzheimer's Treatment Could Be Worth Billions (Rex Direct Net, Inc.) 
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Pandemic is Still a Headwind on Revenue for Intuitive Surgical
A few days removed from its third-quarter earnings report, Intuitive Surgical (NASDAQ: ISRG) stock is looking for direction. ISRG stock bounced about 6% after earnings but is trending lower as the week ends. In early Septem... Read the Full Story |
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From Our PartnersInvestors are flocking to this ‘off-radar’ energy metal as lithium boom grinds to a halt. | | | | Continue Reading |
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Stocks | | |
When a stock sells off, i.e., suffers a sustained downtrend, it can be for good reason. A negative press release or unfavorable industry dynamics are just two examples.
Other times the selloff can be overdone. This commonly occurs when market participants overreact to negative near-term news and ... Read the Full Story |
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Stocks | | |
The classic investment adage “no risk, no reward” has several variants but they all convey the same message. There is a direct correlation between the level of risk in an investment and its expected return.
This rule applies when it comes to moving up and down the capitalization spect... 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 | | | Asian shares were mixed Friday after a late-in-the-day wave of buying pushed the S&P 500 to a fresh record high.
Benchmarks rose in Hong Kong and Tokyo but fell in Sydney and Shanghai.
An official newspaper, the Securities Times, said China Evergrande Group made an... Read the Full Story |
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Markets | | |
Private equity firm Apollo Global Management (NYSE: APO) stock has been in a solid uptrend since recovering from its pandemic lows as it continues to all-time highs. This alternative asset manager operates over 150 companies including Chipotle (NYSE: CMG) competitor Qdoba in addition to its real e... Read the Full Story |
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From Our PartnersLearn how this small company has some of the largest global brands already as clients. | | | | Continue Reading |
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Markets | | | Shares were mostly higher in Europe on Friday after a mixed session in Asia.
Benchmarks rose in Paris, London, Tokyo and Hong Kong. Shares fell in Shanghai and Seoul.
An official newspaper, the Securities Times, and other state media said China Evergrande Group made a... Read the Full Story |
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Politics | | | Japan adopted a new energy policy on Friday that promotes nuclear and renewables as sources of clean energy to achieve the country’s pledge of reaching carbon neutrality in 2050.
The new basic energy plan, adopted by the Cabinet just in time for the climate summit in early November, c... Read the Full Story |
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Markets | | | An official Chinese newspaper says a troubled developer whose struggle to avoid a multibillion-dollar debt default is rattling global financial markets has wired $83.5 million to make an overdue payment to foreign bondholders Read the Full Story |
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Politics | | | California Gov. Gavin Newsom's plan to ban new oil and gas wells within 3,200 feet of neighborhood sites is drawing cautious optimism from environmental groups but strong pushback from the oil industry and its labor allies Read the Full Story |
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Markets | | | If there is one thing the market needs from Snap-on (NYSE: SNA) and other globally oriented companies is a little reassurance in the supply chain. While Snap-on did not give any specific guidance the lack of details is less than reassuring in a world where supply disruptions, inflation, and labor shortages are impacting both the top and bottom lines. Read the Full Story |
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The Early Bird Stock Of The Day Sun Life Financial Inc., a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance. The company also provides advice for financial planning and retirement planning services; investments products, such as mutual funds, segregated funds, and annuities; and asset and investment management products consisting of pooled funds, institutional portfolios, and pension funds. In addition, it offers real estate services; manages equity capital in various private and listed funds, as well as mezzanine debt, middle market direct lending, high-yield bonds, and syndicated loans; and operates as an investment grade fixed income investor, real estate investment management advisor, infrastructure investment manager, and alternative credit investment manager. The company was formerly known as Sun Life Financial Services of Canada Inc. and changed its name to Sun Life Financial Inc. in July 2003. Sun Life Financial Inc. was founded in 1871 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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