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The Dow Jones today jumped over 100 points in pre-market trading on Monday as investors pushed to lock in last week's late-stage rally. A better-than-expected jobs report and the start of Q2 earnings season pushed markets higher last week, with the Dow Jones closing up over 100 points on Friday.
As earnings season kicks off, we're taking a close look at the best dividend stocks available on the market today. We've identified three dividend stocks that are overlooked – and incredibly profitable. Check them out here...
Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
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Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
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Money Morning Insight of the Day
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The Top Stock Market Stories for Monday
- Tariffs are overshadowing the start of earnings season. This week, a variety of Wall Street banks, consumer goods, and airline companies report for the previous quarter. While profits are expected to remain strong, the outlook for the rest of the year is expected to take into account the impact of tariffs on global trade. This is likely to weigh on investor sentiment.
- According to a report from real estate giant REIS Inc., mall vacancies have hit a six-year high at 8.6% last quarter. The fall of brick-and-mortar stores has been fueled by the rise of Amazon.com Inc. (Nasdaq: AMZN), which continues to see its stock surge to new highs. It's not too late to get in on Amazon at a fraction of the cost of today's shares. We'll show you how... right here.
- Speaking of Amazon, the e-commerce giant recently made a big splash in the pharmacy benefits business after its purchase of online benefits provider PillPack. This purchase has many analysts convinced that Amazon is about to do to pharmacies what it has done to malls over the last decade. And while Amazon is going to be a major player in the drug-delivery business in the future, there is one stock that is going to stave off any further attack from Amazon and the delivery business. Best of all, this stock has an incredible VQScore, and it's trading at a huge discount.
Three Stocks to Watch Today: HOG, TM, TWTR
- A number of companies are reporting that earnings could have a dramatic impact on their future balance sheets. That's especially true in the transportation business. Harley-Davidson Inc. (NYSE: HOG) has said the tariffs will cost up to $100 million per year and add $2,200 per vehicle. Now, Toyota Motor Corp. (NYSE: TM) has said the tariffs will make the manufacturing of each vehicle at least $1,800 more expensive.
- Twitter Inc. (NYSE: TWTR) has roughly doubled the rate of user account suspensions since October 2017. The number of fake and spoof accounts has raised serious concerns about the legitimacy of the platform. The Washington Post reports that the company suspended roughly 70 million accounts in just May and June. The Post reports that this rate of suspension could impact the firm's active user growth rate.
- Look for earnings reports from JA Solar Holdings Co. Ltd. (Nasdaq: JASO) and Helen of Troy Ltd. (Nasdaq: HELE).
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.