Why ADP Could Hit New Highs

Elevated rate-cut expectations fueled buying on Wall Street

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MARKET RECAP     7/03/2019
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Dow, S&P, and Nasdaq Nab Record Closes Before Independence Day By Karee Venema Share On Stocks ended the abbreviated session with a bang, with the the Dow and S&P settling at record closes -- the latter its third in a row. The Nasdaq also grabbed a record close, thanks to broad strength in the tech sector. There was plenty of economic data to digest, too, the bulk of which boosted expectations for a July rate cut from the Fed. In addition to dismal private payrolls, the Institute for Supply Management's (ISM) non-manufacturing index hit a two-year low last month. Meanwhile, factory orders dropped 0.7% in May, as expected, while Markit's purchasing managers index (PMI) recovered in June from May's 39-month low. U.S. markets are closed tomorrow for the Fourth of July. Continue reading for more on today's market, including: ADP stock seems ripe for a bullish options trade. Buyout buzz fueled major upside for this cybersecurity stock. Plus, a weed stock stunner; Tesla revs higher; and another bull note for Merck. >> Continue reading...
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>> SBUX, SHAK, and GOLD Stocks Get Bull Notes All three stocks are on the rise today >> Casino Stock Bears Could Double Their Money in 10 Days SGMS put options are cheap as the stock runs into key resistance >> TSLA Stock Hot After Huge Deliveries Update The automaker reported extremely strong delivery and production numbers for the second quarter >> Buy Calls to Bet on New ADP Highs The equity's 80-day trendline has historically bullish implications >> Merck Stock Earns Another Bull Note MRK's strong technical performance has earned it several bull notes in 2019 ADVERTISEMENT Test-Drive Our Stock Forecast Toolbox User-Friendly Software Predicts Stock Prices with Incredible Accuracy... Click Here to Try for 7 Days ABSOLUTELY FREE!
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