Good MorningInvestors were dealt another ace on Friday when the Personal Income and Spending data was released. The Dow, S&P 500, and NASDAQ Composite all closed higher ending the 2nd best month of gains since the market hit bottom.
Personal Income was expected to fall about a half percent in August but surprised the market with a gain of the same size. The rise in incomes fueled spending to the tune of 1.9% which was also well above the consensus. The bottom line here, the U.S. economy is heating back up in the wake of the COVID-19 pandemic.
Even with all the good data in August the market is still not out of the woods. The labor market is still hurting after the pandemic with over 1 million new jobless claims released each week. Next week’s hurdle will be the monthly employment data which includes the ADP report on Wednesday and then the Non-farm payrolls report on Friday.
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We’ve witnessed some truly monumental moves in the stock market this year that continue to defy expectations. Whether it’s rallying from the fastest market crash ever to reach new all-time highs in a matter of months or IPO stocks roaring higher on speculative action seemingly every we... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Technology | |
While stocks have always had a certain volatility to them, these days, volatility seems to be almost par for the course. We've seen some stocks explode with value, with 1,000% gains no longer just a pipe dream. One company that's seen some staggering gains—and a few less-staggering losses&md... Read the Full Story |
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Consumer Discretionary | |
Fitness center owners large and small have been among the most impacted businesses throughout the pandemic. They've had to close their doors for months and watch membership growth stagnate. Many had to close for good.
In recent weeks gyms across America have reopened. And while some people have b... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Transportation | | Avis Budget Group (NASDAQ: CAR) looks primed for another leg-up after basing for nearly three months. The rental car company’s shares are trading just below the breakout point, with shares spending the past couple of weeks in a tight range.
Hertz Global Holdings (NYSE: HTZ), one of Avis&rsquo... Read the Full Story |
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Consumer Discretionary | |
The superhero streaming wars is heating up between Walt Disney’s (NYSE: DIS) Marvel Cinematic Universe (MCU) versus AT&T’s Warnermedia’s (NYSE: T) DC Extended Universe (DCEU). For those not familiar with superhero universes, Marvel Studios broke the mold along with all box of... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Retail/Wholesale | |
Sometimes, it’s easy to overcomplicate things when it comes to investing. The truth is that many of the best investments begin with a simple thesis that anyone could understand. For example, buying shares of a company that operates a growing e-commerce business in the country with the larges... Read the Full Story |
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Consumer Staples | |
It’s always good to find a bargain. And it’s especially good to make a dollar stretch further in uncertain economic times like these. That formula is working for Ollie’s Bargain Outlet (NASDAQ:OLLI). And investors will find out how well the discount chain is doing when they repor... Read the Full Story |
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Technology | |
It might be hard to reconcile how a large number of analysts are expecting a stock's price to fall, substantially, yet at the same time be worth buying, but sometimes, that's exactly the case. That's just what's going on with Qorvo (NASDAQ:QRVO), which is turning in big expectations in pretty much... Read the Full Story |
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Retail/Wholesale | | One sector that has been a big winner throughout the novel coronavirus pandemic has been the discount retail sector. The discount retail sector is a $95 billion sector. Names like Walmart (NYSE:WMT) and Target (NYSE:TGT) are among the first to come to mind when consumers think low prices. But they a... Read the Full Story |
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Markets | |
Hormel Is A Post-Pandemic Winner And Highly Valued
There are many reasons why Hormel Foods (NYSE:HRL) stock has done so well during the pandemic. To start, the company is a blue-chip consumer staple with a long history of steady, even returns. In times of trouble, those kinds of stocks are among ... Read the Full Story |
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The Early Bird Stock Of The Day Rekor Systems, Inc., a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders. It also offers Rekor AutoNotice, a cloud-based financial management application that delivers a turnkey information and citation management solution for cities, states, and municipalities for primary and secondary offenses; and Rekor CarCheck, which allows its AI based vehicle and license plate recognition technology to be accessed for a range of commercial applications. In addition, the company offers Rekor Edge Max System, a fixed traffic data collection system that captures and transforms roadway data into holistic traffic insights; Rekor Edge Pro, a vehicle recognition solution that is used on a standalone basis or integrated into a network; and Rekor Edge Flex, a portable data collection system. Further, it provides traffic services, including traditional traffic studies, which delivers data and insights for planning and management of roadway infrastructure and commercial initiatives; innovative AI-driven traffic studies for traffic management; and traffic engineering services. The company was incorporated in 2017 and is headquartered in Columbia, Maryland. | | View Today's Stock Pick |
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