Stocks and Securities
Stocks closed the day essentially flat despite stocks showing strength post earnings. There is growing concerns regarding the current president of US and his instability. For instance, Monday, investors learned that US and Mexico may have reached a preliminary agreement in principle on NAFTA. It appears that the two countries have left out Canada. It is hard to imagine a trade deal going through without including Canada.
Today, Trump took time to attack three powerhouse Tech companies, Facebook (FB), Alphabet (GOOG, GOOGL) and Twitter (TWTR) stating that they nee to be careful. The reason for Trump’s concern has been the lack of positive news about the President. This led to stocks closing relatively lower, FB down -0.4%, GOOG -0.7%, GOOGL -0.6% and TWTR -0.5%.
No matter, the earnings season continues with the notables listed below. In our last Morning Coffee we highlighted Salesforce.com, Inc. (CRM).
Notable earnings for this week:
- Wednesday (Aug 29)
- Morning: AEO BF.B CHS DKS DY EV EXPR MOV
- Afternoon: CRM GEF GES HOME PVH SMTC TLYS UEPS
- Thursday (Aug 30)
- Morning: ANF BURL CIEN CPB DG DLTR GMS KIRK MEI MIK PDCO SIG TD TECD TITN
- Afternoon: AMBA AOBC COO LULU NTNX PAGS ULTA YEXT ZUO
- Friday (Aug 31)
- Morning: BIG
What are the best stocks to buy in this market?
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Stocks on the Radar
Regarding potential ETF plays from our ETF ALPHA segment, last week we had the notables UWT (+13%), SOXL (+11%), LABU (+8%), YINN (+6%), and ERX (+5.5%). Look at this weeks take on the ETFs we follow.
Furthermore, we encourage our readers to look at our most recent article titled “New Frontiers in Genomic Medicine” as we highlighted Bluebird BioInc. (BLUE) as our next long-term investment opportunity.