Good MorningTuesday market action saw most indices follow through on Monday’s gains. Both the S&P 500 and NASDAQ Composite were able to move up and set new all-time highs while the Dow Jones Industrias lagged behind to snap a four-day winning streak.
The reason the Dow lagged in Tuesday trading is simple. Tuesday is the day Apple’s four-for-one stock split began to take effect. The process takes days and could weigh on the Dow Jones Industrial Average until it’s completed or longer. Because the Dow is a price-weighted stock the impact of Apple’s shares will be far less than before.
In other news, investors were unfazed by weaker than expected consumer confidence data and chose instead to focus on the housing market. The sales of new homes surged much more than expected to 901,000 annualized units and adding fuel to the market’s melt-up.
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Markets | | The healthcare industry sees trillions of dollars spent annually by people around the globe and continues to grow at a rapid pace. With so many people in need of companies that provide healthcare services, investing in stocks that play a key role in the healthcare system could certainly pay off in a... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Markets | | Some of the biggest moves in the market happen on earnings releases. But growth isn’t always enough to send shares higher. Even beating consensus estimates is sometimes not enough to boost the stock price.
The key is expectations – particularly, the “whisper numbers.” The wh... Read the Full Story |
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At a quick glance, there’s not a lot to like about Children’s Place (NYSE:PLCE) stock. The company had to shutter its brick-and-mortar operations in response to the Covid-19 pandemic. And the stock is down nearly 200% for the year. Recent analyst ratings have not helped the business ca... Read the Full Story |
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From Our Partners | | Roger Scott just unveiled a day-trading tool designed to identify the first wave of institutional buying before a full order moves through the market - potentially in minutes.
On April 14th, the tool flagged early institutional buys on HOOD at 9:45 am, delivering a 24% return in 6 minutes. Minutes later, a signal on MSTR locked in a 33% return in 12 minutes. Free access is available now. | | Secure your free pass to the real-time institutional order tracker today |
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Markets | | Spotify (NYSE: SPOT) was one of the hottest stocks in the market between mid-May and the end of June, with shares nearly doubling in six weeks.
The Swedish streaming company proved it was serious about becoming a podcast powerhouse during that period, signing exclusive deals with Joe Rogan, Warner ... Read the Full Story |
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Markets | | Athletic and consumer footwear maker Skechers USA (NYSE: SKX) shares have sunk below its pre-COVID levels underperforming the benchmark S&P 500 index (NYSEARCA: SPY) for the year. Shares gapped up to $34.01 in reaction to Q2 2020 earnings release before melting back down to current levels in the... Read the Full Story |
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From Our Partners | | Roger Scott spent twenty years on Wall Street moving billions through the market. Now he's exposing the 'empty chair' signal he says sits behind the most stunning stock moves retail investors rarely hear about.
The same signal reportedly triggered a 138% return on WMT in two weeks and a 157% return on Cencora in one week, according to his research. | | Watch Roger Scott reveal the empty chair signal today |
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J.M. Smucker (NYSE:SJM) will release earnings for its fiscal year 2021 first quarter before the bell on August 25. At this time, analysts are projecting the company to post earnings of $1.69 per share. The whisper number suggests Smucker’s may do better than that with earnings per share (EPS... Read the Full Story |
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With numerous prominent brick-and-mortar retail bankruptcies this year and major shopping malls being converted into Amazon (NASDAQ:AMZN) distribution centers, you might be thinking that retail stocks are not the sector that investors want to be in right now. Thanks to the rise of e-commerce, lots... Read the Full Story |
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Markets | | A powerful up-trend is often a hint of good days ahead. In the case of Boston Beer (NYSE: SAM), the stock was trading at a rich valuation when I covered it nearly two months ago. But due to its sterling technicals, I recommended getting in and riding the up-trend for as long as it lasted. If you pic... Read the Full Story |
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Auto/Tires/Trucks | |
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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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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The Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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