WESCO International, Inc (NYSE: WCC) is a leading provider of electrical, industrial and communications maintenance, repair and operating and OEM products and logistic services. Seems to be a fitting company to see strength in as potential of an infrastructure spending bill and possible an energy infrastructure bill crosses the headlines. The S&P 500 Industrial sector was the best performing sector on Wednesday and there appears to be rotation back into the sector over the past week. The share price of WCC popped 9.48% on Wednesday on news of news of private equity firm Leonard Gree...

1 2 We’re just entering earnings season and the potential for large moves increases as what isn’t know about a company now becomes known. According to Zacks, S&P 500 earnings are expected to decline 44.4% last quarter on 10.9% lower revenues. This may not be all that surprising since this report encompasses most of the closures that took place between mid-March and May. While the actual data may create some movement, it’s likely the guidance that will drive price even more. Last quarter, it seemed like stocks moved relatively little when compared to expectations. The expected move...

Aldeyra Therapeutics Inc (NASDAQ: ALDX) is one of those biotech companies you love to hate. They don’t have any revenue and in a constant development. That means that they need a constant infusion of capital to survive. The company is primarily working on treatments for diseases with a high level of aldehydes. Two of the most common diseases associated with high levels of aldehydes is Alzheimer’s and Parkinson’s disease. Investors are always weighing the potential of companies like ALDX to develop a breakthrough treatment. This is where the funding comes in. The company announced the pl...

1 2 It was only for a moment, but the S&P 500 was in positive territory for the year before succumbing to the selling. The usual names were floating along swimmingly well until the Fed announced their schedule for purchases and the  news came that California is to close indoor restaurants, movie theaters and bars statewide. Dovetailing with the news that Hong Kong was closing Disneyland and the Federal Reserve reducing their purchases, again. The quick reversal in a lot of the momentum names stands out because of the lofty precipice that they have been resting on for a while now. ...

President Trump has been talking about infrastructure spending for a long time and he has been consistently looking for at least a $1 trillion package. On July 1, the House of Representatives passed a bill for $1.5 trillion that is probably filled full of goodies but will likely be hammered out with a Senate version at some point. No matter what your personal feelings are about the prospect of spending that amount of money on infrastructure, it will be bullish for some companies that will be planning, supplying or executing the plans. One company that will be at the center of any infras...

1 2 The use of the word “staples” is intentional in that the companies that produce products in this sector are considered staples for consumption purposes. Think of those things that you probably can’t live without and it’s probably a staple. The consumer staples sector is broken into four major categories or industries. The industry groups are as follows: food, beverage, and tobacco; household and personal products; and food and staples retailers. With nearly 70% of GDP made up of personal consumption expenditures, it makes sense that these goods producing companies and retailers re...

BioLife Solutions Inc (NASDAQ: BLFS) is a medical technology company located in Bothell, WA. The company produces bioproduction tools for the cell and gene therapy. The company provided a preliminary revenue announcement on July 1. The release shows a 43% to 46% increase in revenue year-over-year from the same quarter in 2019. The CEO, Mike Rice, commented: “Despite the continued impact of COVID-19 on the biotech industry and specifically, the cell and gene therapy market, we continued to drive revenue growth in the second quarter. In the first six months of 2020, we added 57 new cus...

Continental Resources, Inc Stock (NYSE: CLR) is a crude oil and natural gas production company. They have among the lowest cost of operations amongst their peers and primarily operates in the Bakken field in North Dakota, South Dakota and Montana. The company is operating three rigs currently, but is targeting running off of two rigs by the end of 2020. As oil prices continue to hover around $40 and last week’s report of a large oil inventory draw, the price of CLR has been trading between $15 and $20. On Monday, CLR closed down 6.23% on higher trading volume as the price looks to test ...

Last week, the CSI 300 Index closed at a five-year high as the data is starting to show signs of life in China’s economy. The increase in bullish sentiment helped lead Chinese stocks to the biggest one-day move since February 2019. The data that help spur on today’s buying spree was the Caixin manufacturing PMI and the Caixin Services PMI that posted values greater than 50. Values above 50 is an indicator that the economy is in expansion. The excitement on the stock side definitely spilled over to the options market for a number of Chinese stocks and ETFs. In addition to Alibaba Group H...

1 2 With the Federal Funds rate at zero and U.S. Treasury bonds near record lows, it can be hard as an income investor to find some sort of income without taking a lot risk. The desire for income is a huge reason why investors have historically been attracted to REITs. The reason is because the are pass-through entities that are required to pay out 90% of their taxable income as dividends. When you consider that dividends are paid from the income or rather cash flows of a company, this has to be a consideration when choosing a REIT. In the current climate, it can be hard to determine ...