Good MorningThe S&P 500 rebound on Friday to gain more than 1.25% and close the day at a new all-time high. The market shrugged off the threat of higher taxes in favor of earnings and economic data. On the earnings front, with 25% of the S&P 500 reports in the bag, the season is better than expected and coupled with rising guidance.
On the economic front, the Markit Flash PMI readings came in much hotter than expected and at a record high. The data improved on strength in both the services and manufacturing sectors and points to a robust and accelerating economic recovery in 2021. This week, earnings season continues with 181 S&P 500 companies reporting or nearly 40% of the index. If there’s going to be bad news we’ll know it by the end of the week.
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Stocks | | | That means they are prime candidates to rally after the recent selling pressure, especially given their quality business models and growth prospects. Here are 3 bounce-back stock candidates to watch going forward.
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Tech | | | Shares advanced in Asia on Monday after a strong finish last week on Wall Street.
Tokyo, Hong Kong, Seoul and Shanghai all started out with modest gains and U.S. futures also edged higher. Oil prices slipped.
Stocks climbed Friday in New York, though the S&P 500 s... Read the Full Story |
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Markets | | | It’s a good sign when a stock finds support at its 50-day moving average, something we’re seeing now with Generac Holdings (NYSE: GNRC), Deere (NYSE: DE) and Popular (NASDAQ: BPOP).
The concept of the 50-day line is very simple: It’s the average of closing prices over the la... Read the Full Story |
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Markets | | | Iconic Playboy brand owner PLBY Group (NASDAQL PLBY) stock has been on a parabolic squeeze-like rally up nearly 400% in a matter of months riding the non-fungible token (NFT) hysteria. The Company licenses products under the Playboy brand. Most notably, the Company is pursuing opportunities in the N... Read the Full Story |
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Markets | | | World shares were mixed Monday as worries over the pandemic clouded the outlook for a recovery from the coronavirus crisis.
Tokyo and Paris advanced, while Frankfurt and London were almost unchanged. Benchmarks fell in Hong Kong and Shanghai and U.S. futures were mixed.
... Read the Full Story |
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Markets | | | Retail department store chain Macy’s (NYSE: M) stock has been consolidating in a tightening range setting up for a potential breakout. The Company was an epicenter stock that suffered drastically during the pandemic as brick-and-mortar stores faced mandated closures and consumers were under lo... Read the Full Story |
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Politics | | | As he rounds out his first 100 days in office, President Joe Biden’s focus on reining in the coronavirus during the early months of his administration seems to have paid off: He can check off nearly all his campaign promises centered on the pandemic.
Biden has delivered on a number of... Read the Full Story |
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Tech | | | Italian Premier Mario Draghi is presenting a 222.1 billion euro ($268.6 billion) coronavirus recovery plan to Parliament on Monday, aiming to not only bounce back from the pandemic but enact “epochal” reforms to address structural problems that long predated COVID-19.
Italy has the bi... Read the Full Story |
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Markets | | | A closely watched indicator of German business outlooks barely rose in April as the third wave of coronavirus infections held back optimism about the pace of post-pandemic recovery.
The Ifo index published Monday crept up to 96.8 points from 96.6 points for March as companies viewed ... Read the Full Story |
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Markets | | | Starbucks (NASDAQ: SBUX) is set to report its fiscal Q2 2021 earnings tomorrow; the coffee giant’s business collapsed in fiscal Q3 2020, but sales have improved each of the last two quarters. Starbucks' sales should continue heading in the right direction - but it appears that guidance isn't calling for enough growth. Read the Full Story |
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The Early Bird Stock Of The Day Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces. It serves the U.S. army and navy; air force, other Department of Defense and Federal Government; joint commands and space force; federal civilian agencies; health services; and space industries. The company was formerly known as SAIC Gemini, Inc. and changed its name to Science Applications International Corporation in September 2013. Science Applications International Corporation was founded in 1969 and is headquartered in Reston, Virginia. | | View Today's Stock Pick |
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