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Looking Back, Looking Forward – Sunday, Feb. 7
Article By:
Sam Subramanian
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Sunday, February 7, 2021 1:20 PM EDT
The S&P 500 ended the week at a new closing high. S&P 500 members are on their way to show year-over-year EPS growth after a gap of three quarters.
In this article: GME, XLE, XLF, XLU, SPX, LB, AMC, XLC, FCX, LVS, MGM, ALGN, PENN, WYNN, TPR, BLOK, MJ
Will The S&P 500 Extend Its Record Rally Against Rising Yields And USD?
Article By:
DailyFX
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Sunday, February 7, 2021 1:04 PM EDT
Global stocks are back to ‘risk on’ mode after a brief pullback seen in the end of January. Investor confidence seemed to be revitalized by strong Q4 earnings and guidance, falling Covid-19 cases and hopes of a large fiscal stimulus package.
In this article: SPX
Trading Support And Resistance - Sunday, Feb. 7
Article By:
Daily Forex
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Sunday, February 7, 2021 12:53 PM EDT
The Forex market showed a higher level of volatility compared to the previous week, with 26% of the important currency pairs and crosses moving by more than 1% in value last week. Volatility is likely to increase over the coming week.
JPMorgan Fears Gamma-Imbalance 'Fragility-Events' In These Stocks
Article By:
Tyler Durden
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Sunday, February 7, 2021 12:41 PM EDT
JPMorgan's Marko Kolanovic highlights 30 stocks with significant gamma-imbalances. Specifically, Kolanovic explains that an elevated Put or Call imbalance may position a stock for elevated levels of volatility.
In this article: JPM
Sumo Logic Vs. Splunk: Which Cloud Stock Is A Better Buy?
Here's Why You Should Buy Bank ETFs Now
Article By:
Sweta Killa
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Sunday, February 7, 2021 12:21 PM EDT
The financial sector is emerging strongly from the pandemic hit lows in March 2020 and is showing strong momentum. In particular, the banking corner of the space has been leading the way with most of the stocks and ETFs logging impressive gains.
Gold's Current Commodity Costume
Article By:
Mark Mead Baillie
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Sunday, February 7, 2021 12:12 PM EDT
Gold is being booted about as a commodity rather than being revered (not just as a currency but) as the currency, and really is off to a lousy start for the year, while the S&P 500 garners yet another all-time high.
EUR/USD Forecast Feb. 8-12 – Euro Pressing Key 1.20 Line
Article By:
Yohay Elam
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Sunday, February 7, 2021 11:58 AM EDT
EUR/USD posted losses for a second straight month and briefly fell below the key 1.20 level. There are four events on the calendar. Here is an outlook at the highlights and an updated technical analysis for EUR/USD.
Rent-A-Center: Stimulus Boosts Lease-To-Own Operator
Article By:
MoneyShow.com
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Sunday, February 7, 2021 11:50 AM EDT
When the government throws enormous amounts of money at people, they spend it. It’s not complicated. And that principle is the biggest reason to recommend Plano, Texas-based Rent-A-Center Inc.
Commodities Are Soaring 25%: That's Consistent With Headline Inflation Of Almost 4%
Article By:
Tyler Durden
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Sunday, February 7, 2021 11:17 AM EDT
Crescat's Tavi Costa points out something remarkable which many may have missed amid the short squeeze and "growth" stock frenzy: Oil, that "value" age relic, has had its best YTD performance in 30 years.
In this article: USO
Procter & Gamble: Still Cleaning Up After 180 Years
Article By:
MoneyShow.com
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Sunday, February 7, 2021 10:47 AM EDT
P&G is suitable for those looking for a stable U.S. equity with a modest but steadily increasing dividend payment. This is a core stock for the U.S. segment of an income portfolio.
In this article: PG
Transportation Sector Must Hold Its Bullish Phase
Article By:
Michele Schneider
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Sunday, February 7, 2021 10:37 AM EDT
The transportation sector (IYT) has entered back into a bullish phase. A bullish phase is when the price is over the 50-day moving average, and the 50-DMA is over the 200-DMA.
A Correction Within A Correction
Article By:
Marc Chandler
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Sunday, February 7, 2021 10:30 AM EDT
Against many of the major currencies, the dollar strengthened over the past month. While those positions are being adjusted, the dollar may pull back more before its upside correction resumes.