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Since 1995, Rick has been writing for The Motley Fool, where he s a consumer and tech stocks specialist. Yes, that s a long time with more than 20,000 bylines over those 24 years. He s been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service s inception. He earned his BBA and MBA from the University of Miami, and he splits his time living in Miami, Florida and Celebration, Florida.
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We re shopping in the real world again, and
Tanger Factory Outlet Centers (NYSE:SKT) is in the best shape it s been in a long time. The operator of 36 open-air outlet shopping centers is naturally faring better than it was a year ago when we were sheltering in place, stunned into inactivity during the early days of the COVID-19 crisis. However, Tanger is starting to compare favorably to where it was
• Monmouth Real Estate (NYSE:MNR) is likely to report earnings for its second quarter.
• EyePoint Pharmaceuticals (NASDAQ:EYPT) is likely to report quarterly loss at $0.46 per share on revenue of $7.93 million.
• Fortis (NYSE:FTS) is projected to report quarterly earnings at $0.75 per share on revenue of $2.50 billion.
• Madison Square Garden (NYSE:MSGS) is expected to report quarterly loss at $1.80 per share on revenue of $148.62 million.
• America First Multifamily (NASDAQ:ATAX) is projected to report quarterly earnings at $0.12 per share on revenue of $19.09 million.
• Ardmore Shipping (NYSE:ASC) is estimated to report quarterly loss at $0.31 per share on revenue of $24.86 million.
Since November, there s been a 30% rally, said Jimmy Chang, chief investment officer at Rockefeller Global Family Office. He noted that historically the November to April period is the strongest for stocks. There s the adage sell in May, go away. It may be somewhat appropriate this year since we ve done so well in the last six months.
Big jobs report
April s employment report is schedulted to be released Friday, and the market is expecting a big number.
Economists say payrolls in April could easily reach 1 million, after 916,000 jobs were added in March. Estimates range from about 700,000 to a forecast of 2.1 million from Jefferies economists.