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Hess Breaks Out

Hess Breaks Out

Hess Corp is the top SP 500 gainer today. HES is working on its fourth straight gain following this morning’s earnings beat. The stock is up 7% as it begins to pierce a key overhead trendline that links the April/June highs. We expect HES to reach new ’19...
Chicago Business Activity Continues to Slow

Chicago Business Activity Continues to Slow

Chicago PMI remains below 50 for the second straight month. The lede: Despite some rebounds in regional Fed surveys, Chicago PMI has fallen for five of the seven months so far in 2019,¬†collapsing in July to 44.4 –¬†the second weakest since the financial crisis....
MLM Update

MLM Update

Martin Marietta Materials is in breakout mode. MLM is a top SP 500 gainer today. The stock is up over 8% following this morning’s earnings;...
Ecolab Reaches New Highs

Ecolab Reaches New Highs

ECL is trading at new all time highs. ECL is having its best day this year following this morning’s earnings release. The stock is up over 3.4% as it stretches its gain off the 2019 lows to 47%. ECL could extend this breakout in a big way before returning to...