The bull kept running on Monday, as U.S. equity markets ticked higher even with turmoil still brewing in the GOP and with expectations that Fed Chair Janet Yellen may give a mixed outlook at best for the economy.
Despite a selloff in retail, Amazon.com Inc.'s (AMZN) Prime Day projections weighed on the sector as did Abercrombie Co.'s (ANF) plans to cancel a potential sale, two of the three major indexes advanced on Monday.
Wondering how to play this bull run? TheStreet is out Monday with its monthly Trading Strategies package where our top columnists weigh in on their favorite trades of July.
Speaking of our favorite trades, Nvidia Corp. (NVDA), the chipmaker that has been on a remarkable run over the last 18 months (except for a recent selloff), remains in the good graces of investors and could spike even higher after Japanese carmaker Toyota Motor Co. (TM) said it would ramp up its autonomous driving efforts. But a deal with the owner of the most popular mid-sized sedan of the past decade isn't the only thing driving Nvidia, as TheStreet columnist Stephen Guilfoyle explains.
While things continue to look up for some of the most popular companies on Wall Street, our own Doug Kass reminds us that's there are still risks out there in the bull market and some could be ready to rear their ugly head. An emphasis on maybe, as you need to read on to find out just what those signs are.
Before I let you go I have a burning question for you: What are you first thoughts when you see a Brinks Co. (BCO) truck? No, not rob it but how can you invest in the company, of course. Well, even though the company has seen its shares double since the start of 2016, it may be time for a pullback, according to TheStreet's chartist and technical analyst Bruce Kamich. so before you buy it make sure you case the joint thoroughly and weigh your options.