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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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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Markets | |
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 | | The biggest IPO in history is likely just weeks away…
Anthropic, the company behind Claude AI, is rumoured to be lining up a Nasdaq debut before Thanksgiving… at a valuation of up to $2 trillion. But here’s what nobody’s talking about…
A raise of about $100 billion doesn’t just make headlines. It puts an enormous spotlight on the AI industry. And as investors rush to find the next big opportunity in artificial intelligence, some of the most interesting plays may be hiding outside traditional AI stocks. | | Click here to see my #1 pick for the Claude IPO. |
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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 | | After the Dot-Com Bubble burst in March 2000, the Nasdaq fell 78% over the following decade. But gold staged a historic bull run, and select miners delivered gains of 50X, 53X, 252X, and even 362X.
Garrett Goggin, CFA, CMT and founder of The Golden Portfolio, has spent over 20 years studying these market rotations, including 15 years working alongside gold analyst John Doody. He's identified four gold miners positioned for the next rotation out of AI stocks. | | See Garrett Goggin's four gold miner picks before the next rotation begins |
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Markets | |
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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Markets | |
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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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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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 Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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