The market showed overall strength for the 3rd-straight session following Wednesday’s breakout to fresh resistance levels on better-than-expected jobs reports. Specifically, ADP Employment Report revealed private payrolls declined -2,760,000 in May after dropping -19,557,000 in April. Expectations were for a loss of -9 million.The Russell 2000 reached an afternoon peak of 1,463 before settling...
Continue reading >>Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020. “While that has not come to pass and may be averted, the cruise line said there will be a material impact on...
Continue reading >>The market showed overall strength for the 3rd-straight session following Wednesday’s breakout to fresh resistance levels on better-than-expected jobs reports. Specifically, ADP Employment Report revealed private payrolls declined -2,760,000 in May after dropping -19,557,000 in April. Expectations were for a loss of -9 million.The Russell 2000 reached an afternoon peak of 1,463 before settling...
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Continue reading >>The market showed overall strength for the 3rd-straight session following Wednesday’s breakout to fresh resistance levels on better-than-expected jobs reports. Specifically, ADP Employment Report revealed private payrolls declined -2,760,000 in May after dropping -19,557,000 in April. Expectations were for a loss of -9 million.The Russell 2000 reached an afternoon peak of 1,463 before settling...
Continue reading >>Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020. “While that has not come to pass and may be averted, the cruise line said there will be a material impact on...
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