Good MorningThe S&P 500 edged higher on Monday to set a new intraday all-time high but failed to hold it into the close. The day’s action was light and held within a very tight trading range on the eve of the busiest three days of earnings reporting this quarter. In total, there will be more than 180 S&P 500 companies reporting this week with an equally large percentage of Dow components to boot. If the bulk of reports fail to impress we could see the indices begin corrective action.
Reports on tap include Microsoft, Apple, Amazon, and Facebook among other top names. The biggest risk is that consensus estimates have been on the rise and may have already priced in much of the expected earnings gains. Also on tap are some key reads on the economy as well as the FOMC meeting and announcement. There is no change to policy expected but indications of rising inflation or shifting FOMC sentiment could be bad for equities.
Featured: This is how America’s downfall begins (Stansberry (Affiliate)) 
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Stocks | | | Most traders and investors tend to gravitate towards mega-cap, technology, and growth stocks thanks to the big upside moves that they are known to make. While those types of stocks are certainly intriguing, you are doing your account a major disservice by neglecting other areas of the market that mi... Read the Full Story |
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Markets | | | BP said Tuesday that it would be returning around a half-billion dollars to shareholders after “significantly” higher oil prices contributed to a big rise in profits and a reduction in debt levels.
The energy company said its underlying replacement cost profit — the industry standard ... Read the Full Story |
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Markets | | | Semiconductor equipment maker KLAC Corporation (NASDAQ: KLAC) stock made new all-time highs of $359.69 on April 5, 2021, as the Nasdaq 100 rallied back from correction territory. The Company is a pandemic and post-pandemic winner. Stay-at-home mandates accelerated the demand for consumer electronics... Read the Full Story |
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From Our PartnersThis emerging company is setting a global mega-trend in the plant based meat area! | | | | Continue Reading |
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Politics | | | Germany is raising its economic growth forecast for the year on the expectation of the gradual lifting of coronavirus restrictions and an anticipated rise in domestic spending, the economy minister said Tuesday.
Peter Altmaier said gross domestic product is expected to increase 3.5% i... Read the Full Story |
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Tech | | | SEOUL, South Korea -- South Korean President Moon Jae-in has met with the CEO of Maryland-based Novavax and promised to push for a swift approval of the company’s coronavirus vaccine, which will be produced through a local biotech firm.
South Korean officials hope that SK Bioscience’s... Read the Full Story |
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Politics | | | India recorded more than 320,000 new cases of coronavirus infection Tuesday as a grim surge of illness and death weighed on the country and its sinking health system started getting much-needed support from foreign nations.
Tuesday’s 323,144 new infections raised India’s total past 1... Read the Full Story |
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Tech | | | Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $550 million, in a move that highlights the Japanese automaker’s ambitions in that technology.
The acquisition, announced Tuesday, was carried out by Woven Planet Holdings, a Toyota su... Read the Full Story |
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Markets | | |
Cloud-Security Leader Check Point Software Technologies Is A Long-Term Winner
The price action in shares of Check Point Software Technologies (NASDAQ: CHKP) has been very iffy of late. The stock is stuck inside a major trading range and the Q1 results aren’t helping matters. While not bad, ... Read the Full Story |
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Markets | | |
We Think UPS Could Hit $240 Quickly
UPS (NYSE: UPS) has been working on a “better not bigger” strategy for several quarters now and those efforts are paying off. The company, also boosted by consumer trends ie eCommerce, has not only weathered the pandemic but also been able to produc... Read the Full Story |
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Markets | | |
In its Q4 2020 earnings release, Amazon (NASDAQ: AMZN) announced that legendary CEO Jeff Bezos would step down during Q3 2021 and Amazon Web Services CEO Andy Jassy would take over as Amazon CEO. While Bezos is going to become Amazon’s executive chairman, he will clearly play a smaller role ... Read the Full Story |
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The Early Bird Stock Of The Day The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through phone-based customer contact centers. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; securities underwriting, loan syndications, customer-related trading, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement plan fiduciary investment services for institutional clients. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania. | | View Today's Stock Pick |
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