Good MorningThe equity markets went on a wild ride on Tuesday after a shocking Retail Sales report. The May Retail Sales report shows consumer spending jumped 17.7% from the prior month as business and shoppers get back to business. Analysts had been expecting the figure to be positive but this figure is more than double the expectation. For those betting on a strong post-pandemic recovery, this is good news.
The risk now is to the upside. All future data-points are likely to show improvement from the previous release, if not come in well above estimates. Investors should remain cautious during the melt-up because what goes up must come down. Sooner or later the market will become over-valued enough to spark the next round of selling. If that coincides with the second wave of COVID the selling could rival what we saw in March.
Featured: The case for trading fewer setups, not more (Ad) 
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Whenever a new IPO hits the market, you can typically expect a volatile first few months of trading. This was true for Peloton Interactive (NASDAQ:PTON), a company that provides a unique and interactive fitness platform. However, after Peloton’s stock price stabilized after taking a beating ... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Shares of Beyond Meat (NASDAQ:BYND) are up nearly 7% in mid-day trading. This continues a trend that has been ongoing in 2020. BYND stock has more than doubled since the beginning of the year despite seeing its share price decline by over 50% at the onset of the Covid-19 pandemic.
Why is BYND Sto... Read the Full Story |
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Markets | | Something For The Market To Like
ESG issues, environment/social/governance, are becoming more and more important to today’s investors. Gone are the days of robber-barons, unsustainable ecological exploitation, and slave-like working conditions. In their place is a new breed of CEO, company, a... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Markets | | The Unseen Consequences Of COVID-19
The COVID-19 pandemic struck fast and furiously, it shut down our economy, forced us to live apart from others, and retreat into the isolated world of “home”. During this time a number of trends have emerged, trend that are already producing profits f... Read the Full Story |
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Johnson & Johnson (NYSE:JNJ) stock has been volatile for the last several years, and 2020 has been no exception. But as more clarity develops surrounding the novel coronavirus, the blue-chip company is beginning to show exactly why it’s a solid investment.
Johnson & Johnson is posit... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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It’s been easy to overlook eBay (NASDAQ: EBAY) over the past several years as Amazon (NASDAQ: AMZN)has taken over the e-commerce space. It has, at times, been a rocky road for Amazon’s less-glamorous competitor.
But on June 4th, eBay raised its Q2 guidance and added to the all-time hi... Read the Full Story |
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Shares of FuelCell Energy (NASDAQ:FCEL) stock are moving higher yet again. At the opening of trading on June 12, FCEL stock is up over 25%. The catalyst is an earnings report in which the alternative fuel provider beat on both the top and bottom lines. The stock is now making a run at its 52-week ... Read the Full Story |
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Markets | | This Melt-Up Has Legs
The stock market, despite a widespread and possibly worsening global recession, has been chugging steadily higher for weeks. If you are still wondering why it is because the market is melting up.
In its classic sense, a stock market melt-up is when the market is faced with a ... Read the Full Story |
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Markets | | Restaurant gaming operator Dave and Busters (NASDAQ: PLAY) shares have quadrupled since its pandemic lows of $4.61 in March 2020. With all 137 locations shut down from the stay-in-shelter mandates since Mar. 20th, revenues have been frozen heading into the Q1 2020 earnings release. Due out Jun. 11, ... Read the Full Story |
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Markets | | Shares of data analytics platform Cloudera (NASDAQ: CLDR) got pummeled after reporting a (not so) surprising Q1 Fiscal Year 2021 earnings beat on June 3rd. The sell-the-news reaction underscores the recent market earnings reaction template. Stocks that rise sharply heading into an earnings release u... Read the Full Story |
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The Early Bird Stock Of The Day STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The Automotive and Discrete Group segment offers automotive integrated circuits (ICs), and discrete and power transistor products. The Analog, MEMS and Sensors Group segment provides industrial application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs); general purpose analog products; custom analog ICs; wireless charging solutions; galvanic isolated gate drivers; low and high voltage amplifiers, comparators, and current-sense amplifiers; MasterGaN, a solution that integrates a silicon driver and GaN power transistors in a single package; wireline and wireless connectivity ICs; touch screen controllers; micro-electro-mechanical systems (MEMS) products, including sensors or actuators; and optical sensing solutions. The Microcontrollers and Digital ICs Group segment offers general purpose and secure microcontrollers; and radio frequency (RF) products. It also offers application-specific standard products for analog, digital and mixed-signal applications. In addition, the company provides assembly and other services. It sells its products through distributors and retailers, as well as through sales representatives. The company serves automotive, industrial, personal electronics and communications equipment, and computers and peripherals markets. STMicroelectronics N.V. was incorporated in 1987 and is headquartered in Geneva, Switzerland. | | View Today's Stock Pick |
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