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Daily Stock Pick: August 5th, 2021

Stocks ticked slightly higher this morning after yesterday’s mostly lower session.  Results from ADP’s payroll survey released yesterday indicated a gain of 330,000 jobs for July, falling short of the consensus estimate of 653,000.  Investors will be tuned in tomorrow when the Labor Department releases their official...
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Daily Stock Pick: August 4th, 2021

Stocks were flat this morning in the wake of another record high for the S&P 500.  The benchmark broke a 2-day losing streak yesterday and climbed to another record close, and has seen little change since yesterday’s close.  The Nasdaq edged slightly higher in early trading while...
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Daily Stock Pick: August 3rd, 2021

REITs were an unintended casualty of the 2017 Tax Cuts and Jobs Act.  Trump's signature tax reform lowered the corporate tax rate from 35% to 21%, which was great for traditional corporations. But it made special tax shelters like REITs less attractive by comparison. REITs are not...
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Daily Stock Pick: August 2nd, 2021

Stocks were mixed to kick off the first trading day of August.  Despite turbulence in July, the major averages managed to log their 6th straight month of gains.  It’s anyone’s guess where this month will lead as a deluge of market influencing factors loom.  One thing you...
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Three Stocks to Watch for the Week of August 2nd

Although volatility has picked up amid concerns about the economic recovery in the face of rising infection rates, the major averages managed to wrap up July with solid gains.  The Nasdaq and the Dow both added around 1.25% for the month, while the broad S&P 500 gained...
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