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Daily Stock Pick: July 16th, 2021

Stocks crept higher in early trading to start the final day of the first week of Q2 earnings season.  Though many of the institutions that have reported this week have exceeded analyst expectations, Wall Street seems unimpressed. The Dow has gained 0.3% so far this week.  The...
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Daily Stock Pick: July 15th, 2021

Stocks were weak in early trading this morning with all major benchmarks 1% or less from their record highs. A move lower in bond yields squashed enthusiasm for cyclical stocks that are closely linked to a recovering economy.   Market gains will come and go,...
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Daily Stock Pick: July 14th, 2021

Stocks got a boost this morning after Fed Chairman Jerome Powell gave reassurance that the central bank would wait before it starts easing its bond purchases despite surging inflation readings.  Powell is set to speak before the House Committee on Financial Services at noon today.  Wall Street...
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Daily Stock Pick: July 13th, 2021

Action was muted this morning to start the second quarter earnings season.  Major financial firms start to release data today, beginning with Goldman Sachs (GS) who posted an earnings beat before the bell today.  This marks the second straight quarter of better than expected earnings for the...
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Daily Stock Pick: July 12th, 2021

Trading action was mixed to start the day.  The Dow pulled back from Friday’s record close as stocks tied to the economic recovery slipped.  Tech shares traded higher, giving the Nasdaq a boost in early trading.  Will today bring another record breaking session?  We’ll have to wait...
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