Good MorningThe S&P 500 pushed up to set another new all-time high in Wednesday trading but was unable to hold the gains. Despite a strong showing from America’s largest retailers news from the FOMC sent a ripple of fear through the market. In the minutes from the last meeting officials at the Fed discussed the potential risks associated with the COVID pandemic and its impact on the U.S. economy. While the committee sees the U.S. on an upward trajectory it also sees the pandemic “weighing heavily on the economy”.
Conversely, data from the housing sector and business updates from a wide variety of retailers suggest a manufacturing boom may already be underway. With sales outpacing Wall Street consensus and pandemically-hindered supply-chains, inventories are falling fast and backlogs are growing. The S&P 500 may correct now and it may not, if it does have your cash ready.
Featured: The case for trading fewer setups, not more (Ad) 
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There’s something so satisfying about getting dividend payouts deposited into your account. Watching the payouts stack up and compound over time is one of the most rewarding aspects of investing. People tend to gravitate towards dividend stocks because they generate passive income and can si... 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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Markets | | Wholesales Prices Are Rising, But So What?
There has been nothing but good news coming out of the used-car industry of late. The pandemic put a hurting on business for a month or so but since then the rebound has been vigorous. Retailers from Carmax (NYSE:KMX) to Autonation (NYSE:AN), Vroom (NYSE:... Read the Full Story |
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Move over Tesla. The electric vehicle market has a new player in town. Phoenix-based electric truck manufacturer Nikola (NASDAQ:NKLA) took the market by storm this summer after its June 4th Nasdaq debut.
Fresh of its merger with SPAC VectoIQ, Nikola raced to over $90 per share only to dive back u... 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 | | La-Z-Boy Is Cautiously Optimistic
Furniture-maker La-Z-Boy (NYSE:LZB) reported a mixed quarter that’s only if you read the headlines. Revenue missed, sure, but by a slim margin but EPS more than mitigated the shortfall. The company, like so many others in the 2Q, was able to leverage cost-con... Read the Full Story |
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Left for dead by most investors after a dismal 2019, Kirkland's (NASDAQ:KIRK) has lifted itself off the ground and skyrocketed 665% this year. The Tennessee-based specialty retailer of home décor has been one of the biggest success stories to come out of the pandemic emerging as a significa... 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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Target Is Winning, Let Your Winners Run
It was only a quarter ago that I wrote the article “Target Is About To Rocket Higher”. My thesis, summed up by the words ‘total package’, centered on the company’s long-term plans, its positioning within the market, COVID-inspi... Read the Full Story |
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Digital advertising has quickly become one of the largest line items for businesses as they prepare their marketing budgets. With consumers devoting more time to their devices than ever before and a seemingly endless amount of data available to help companies create ads that target specific market... Read the Full Story |
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While luxury retail names like Macy’s (NYSE: M), Ralph Lauren (NYSE: RL), and Kohl’s (NYSE: KSS) watch their shares languish near multi-year if not all-time lows, shares of discount department store Ross Stores (NASDAQ: ROST) continue to undo Q1’s damage.
They mightn’t hav... Read the Full Story |
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Markets | | Jaw-Dropping Results From America’s Retailers
Home Depot (NYSE:HD) reported earnings this morning and gave the market everything it wanted and more. Not only did the company post robust growth but growth soundly beat the analyst’s estimates and accelerated from the previous quarter. Th... Read the Full Story |
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Markets | | Cryptocurrency, You Have To Be In It To Win It
At the risk of damaging my own credibility, I am going to go out on a limb and say that I Iike Cryptocurrency. The technology is very interesting, the potential for application is limitless, and the values associated with it are mind-boggling. Bitcoin ... Read the Full Story |
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