Good MorningThe equities market tried to extend the August rally on Monday but wasn’t able to hold the gains. The S&P 500 set a new all-time high in early trading but gave it up to close with a small loss. Even so, the broad-market index closed out the month with the best August gains since 1984. The question for traders now is what will happen when Wall Street goes back to work in September?
With equities trading at all-time highs and near-record valuations, it is all but certain some profit taking will take place. One possible catalyst is the August Non-farm payroll report. The report is expected to show another sizeable gain in employment and could be make-or-break news for the stock market. Until then investors are urged to keep some cash ready. If and when the market decides to pull back it’ll be another great time to load up on cheap stocks
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Medical | |
Some stocks have done shockingly well in the midst of a pandemic, and that really shouldn't be a surprise. We've seen explosive growth come out of it since the depths of April's disaster, and Sorrento Therapeutics (NASDAQ: SRNE) has recently emerged as one of the biggest gainers in the field. It m... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to move out of overpriced AI stocks before the tech trade breaks down and into lesser-known names with real potential to challenge the Mag 7.
One pick he calls 'an upgrade to Tesla stock' is a little-known company that just inked a partnership with Nvidia, positioning it ahead of Tesla in the autonomous vehicle race. | | Get the name, ticker, and full Hotlist before markets open |
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Markets | | Big Lots Suffers From High-Expectation Syndrome
Looking at Big Lots (NYSE:BIG) second-quarter report I can find absolutely no reason why the stock tanked 10% after its release. Looking into the company’s expectations and taking note of an incredibly high short-interest (above 20% even today) ... Read the Full Story |
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Industrials | | Eaton Corporation Prepares For Economic Rebound
Eaton Corporation (NYSE:ETN) was not immune to the pandemic. The company is a maker of electrical components for business, industry, and residential use, and its markets were hit hard. But that doesn’t mean it isn’t a buy. The Eaton Corpor... Read the Full Story |
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From Our Partners | | BioStem Technologies (OTC: BSEM) just secured four new U.S. design patents for its fenestrated placental allograft technologies, adding to a portfolio of more than 100 patents and applications worldwide.
The company has filed a Form 10 registration statement with the SEC, a key step toward a planned Nasdaq uplisting aimed at expanding liquidity and capital access.
Zacks Small-Cap Research maintains a $25.50 price target on BSEM, citing its BioREtain platform, wound-care opportunity, and hospital expansion catalysts. | | See why BSEM is drawing analyst attention in regenerative medicine now |
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Auto/Tires/Trucks | | Chinese electric vehicle manufacturer NIO Limited (NYSE: NIO) stock has been on fire driven by the electric vehicle (EV) and SPAC speculation tailwinds stemming from the meteoric rise in Tesla (NASDAQ: TSLA) shares. Shares have blown away the performance of the benchmark S&P 500 index (NYSEARCA:... Read the Full Story |
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Consumer Staples | | Freshpet (NASDAQ: FRPT) was trading at all-time highs right before the onset of the pandemic. But after the natural pet food company’s shares lost around half their value in less than a month, they have come roaring back, nearly tripling off the lows and trading at nearly 40% above those pre-p... Read the Full Story |
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From Our Partners | | Porter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experiment called Project Prophet - and documented everything on film.
Rooted in the laws of physics, this quantitative approach challenges conventional wealth-building wisdom. With 17 years of verified data behind it, Porter calls it unlike anything he has seen in nearly 30 years in the business. | | Watch the full investigation and decide for yourself |
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Services | |
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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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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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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The Early Bird Stock Of The Day Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations customers; non-residential construction market; farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota. | | View Today's Stock Pick |
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