Good MorningThe S&P 500 was able to move higher in Thursday’s session despite a new reason for investors to worry. A new round of economic data suggests the economic recovery could be losing momentum. The data includes the latest read of the Index of Leading Indicators and the Philadelphia Fed’s Manufacturing Business Survey, both of which point to growth although slower growth than before.
What investors need to understand is that, while the Philly Fed Survey and Leading Indicators decelerated from the prior month, both are still well above levels seen in the 18 months leading into the pandemic.
Regarding the indices, the S&P 500 continues to struggle with its all-time highs. The day’s action was bullish but it fell short of reclaiming the highs set in the previous session. With the spin on news negative, the index may keep struggling with the highs or even pull-back to firmer support levels.
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Consumer Discretionary | |
Companies that produce electric vehicles are some of the hottest stocks in the market right now, so much so that virtually any company that is involved in the industry is seeing a lot of speculative activity. It’s easy to see the potential in EV (electric vehicle) companies, with carbon emis... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Markets | | Analog Devices Builds The Building Blocks Of Technology
Analog Devices (NASDAQ:ADI) is well-positioned to benefit from the rapidly accelerating trend of technological adoption. As a maker of integrated circuits, it is fundamental to the entire tech industry. That’s why it’s no surprise ... Read the Full Story |
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Markets | | BJ’s Wholesale Club Is Another Viral Winner For Your Portfolio
I have run across the same bullish story so many times this earnings cycle I'm almost tired of repeating myself. Basically, most businesses are doing better during the quarter than the analysts had predicted, the rebound is strong... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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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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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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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Markets | |
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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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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Markets | |
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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The Early Bird Stock Of The Day Digital Ally, Inc. produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices. It also provides EVO Web, a web-based software that enables police departments and security agencies to manage digital video evidence quickly and easily; FleetVU Manager, a web-based software for commercial fleet tracking and monitoring; ThermoVu, a non-contact temperature-screening instrument that measures temperature through the wrist and controls entry to facilities when temperature measurements exceed pre-determined parameters; and Shield disinfectants and cleansers, as well as other personal protective equipment and supplies, such as masks, gloves, disposable wipes, and electrostatic sprayer to health care workers and other consumers. In addition, the company offers working capital and back-office services, including insurance and benefit verification, medical treatment documentation and coding, and collections to healthcare organizations; and operates TicketSmarter.com, an online ticketing marketplace for ticket sales, partnerships, and ticket resale services for live events, including concerts, sporting events, theatres, and performing arts. Digital Ally, Inc. was founded in 2004 and is headquartered in Lenexa, Kansas. | | View Today's Stock Pick |
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