1. Bank earnings galore: Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC) will report first quarter earnings on Thursday.
Banking stocks soared following the election of President Trump, but they began to lose momentum in March.
Still, analysts say banks should be in line to benefit from rising interest rates.
Last week, JPMorgan (JPM) CEO Jamie Dimon struck an optimistic note in his annual letter to shareholders, bragging about his bank’s monster balance sheet.
Wells Fargo (WFC), meanwhile, is still feeling the effects of its fake accounts debacle. The $110 million settlement with wronged customers agreed in March might help it move beyond the scandal.
2. China trade grows: China posted stunning growth in trade last month, beating analyst expectations by a mile.
“The latest trade data point to buoyant external demand but suggest that domestic demand may have started to cool,” said Julian Evans-Pritchard, China economist at Capital Economics.
Hot Growth Stocks To Buy Right Now: KongZhong Corporation(KZ)
- [By Monica Gerson]
The list of below stocks is notable as the shares have traded on sequentially increasing volume spanning the trading days from September 16 to September 20:
Hot Growth Stocks To Buy Right Now: Thor Industries Inc.(THO)
- [By Dan Caplinger]
Finally, shares of Winnebago Industries dropped 6%. The maker of recreational vehicles has been under pressure ever since rival Thor Industries (NYSE:THO) reported its most recent quarterly results earlier this week, and Thor’s story led shareholders to sell off that stock. Yet although Winnebago is in the same business as Thor, some investors think that it could succeed where Thor failed, especially because the Winnebago brand name is much more valuable and has greater customer recognition that many of its competitors’ offerings. Winnebago will have its own chance to report its financial results later this month, and although many investors seem to be betting against the RV maker, others believe that Winnebago could easily make its competitive advantage against Thor and other manufacturers clear with a solid performance this quarter.
- [By WWW.MONEYSHOW.COM]
Thor Industries (THO) expects 2017 to be one of the strongest years for the RV industry since the 1970s.
The prospect of higher gasoline prices seems unlikely to derail the RV rebound, given that growth is being driven by smaller and more fuel-efficient motorized RVs and towable trailers.
- [By Elizabeth Balboa]
Supply could come from any number of industry players, including Winnebago Industries, Inc. (NYSE: WGO), Thor Industries, Inc. (NYSE: THO), Polaris Industries Inc. (NYSE: PII) and Camping World Holdings Inc (NYSE: CWH). However, whether it comes from existing inventory and whether suppliers can meet the demand are yet to be seen.
- [By WWW.THESTREET.COM]
In his second “Executive Decision” segment, Cramer spoke with Bob Martin, president and CEO of Thor Industries (THO) , a stock that was crushed today, down 9.8%, on a penny-a-share earnings beat with tempered guidance.
- [By Lisa Levin]
Thor Industries, Inc. (NYSE: THO) shares were also up, gaining 11 percent to $151.76 after the company reported stronger-than-expected results for its first quarter on Monday.
Hot Growth Stocks To Buy Right Now: Vical Incorporated(VICL)
- [By Lisa Levin]
Vical Incorporated (NASDAQ: VICL) shares dropped 22 percent to $3.01 after the company disclosed that its Phase 2 trial did not meet primary endpoint.