Tuesday, July 6, 2021
Markets are coming out of the three-day mid-summer 4th of July holiday feeling pretty good about itself: the S&P 500’s seven-day winning streak is its longest since last August, while the Dow is enjoying four consecutive days closing in the green. Overall, we’ve seen five straight quarters with at least 5% gains, demonstrating the lasting quality of our post-Covid economy.
Are we post-COVID, though? Zacks Chief Strategist John Blank gives us some perspective in his latest Global Week Ahead, which can be found here: What of the COVID Situation? Global Week Ahead
Compared to last week’s employment data and other reads, such as new and existing home prices, we’re a little more subdued this week. Still a week or so out from the beginning of Q2 earnings season — or at least the busy part of earnings season — our prints from economic indexes begin this week after the opening bell with new Services-sector news.
Expectations for June on the Markit Services PMI are for a 40-basis-point increase month over month to 65.2. On the ISM Services survey, a pullback is expected to 63.3%, down from the 64.0% reported a month ago. These expectations fairly mirror the Markit vs. ISM reads on Manufacturing previously: sequential gains on the former but a slight pullback on the latter. All of these figures are well into the “growth” category, however.
Indexes in today’s pre-market are a decidedly mixed bag at this hour: the Dow looks to open -25 points while the Nasdaq is currently +25. The S&P 500 — with a seven-session winning streak on the line — is flat at +0.25 points.
Questions or comments about this article and/or its author? Click here>>
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>
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Indexes Ride Winning Streaks into Short Trading Week
Tuesday, July 6, 2021
Markets are coming out of the three-day mid-summer 4th of July holiday feeling pretty good about itself: the S&P 500’s seven-day winning streak is its longest since last August, while the Dow is enjoying four consecutive days closing in the green. Overall, we’ve seen five straight quarters with at least 5% gains, demonstrating the lasting quality of our post-Covid economy.
Are we post-COVID, though? Zacks Chief Strategist John Blank gives us some perspective in his latest Global Week Ahead, which can be found here: What of the COVID Situation? Global Week Ahead
Compared to last week’s employment data and other reads, such as new and existing home prices, we’re a little more subdued this week. Still a week or so out from the beginning of Q2 earnings season — or at least the busy part of earnings season — our prints from economic indexes begin this week after the opening bell with new Services-sector news.
Expectations for June on the Markit Services PMI are for a 40-basis-point increase month over month to 65.2. On the ISM Services survey, a pullback is expected to 63.3%, down from the 64.0% reported a month ago. These expectations fairly mirror the Markit vs. ISM reads on Manufacturing previously: sequential gains on the former but a slight pullback on the latter. All of these figures are well into the “growth” category, however.
Indexes in today’s pre-market are a decidedly mixed bag at this hour: the Dow looks to open -25 points while the Nasdaq is currently +25. The S&P 500 — with a seven-session winning streak on the line — is flat at +0.25 points.
Questions or comments about this article and/or its author? Click here>>
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>