Good MorningThe equity market ended the fourth down week in a row on a very positive note. The major indices extended Thursday’s rebound to post gains in the range of 1.0% across the board. The rebound was led by the tech sector with Apple at the fore with one thing in mind; the third-quarter earnings cycle.
The analysts have already been upping their estimates for the 3rd quarter but the signs are clear the consensus targets are still too low. Reports from Costco, Nike, and CarMax were not only stronger than expected but show signs of acceleration. It will be a few more weeks until peak season is upon us but it looks like the correction is over. Until then, investors should be prepared for news-driven volatility. The biggest risk is to the upside. If Congress passes another stimulus bill the market should react favorably.
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Consumer Staples | |
With market volatility on the rise again and signs that an economic recovery might take longer than initially expected, now is the perfect time to look towards consumer staples for investment opportunities. These stocks are interesting because they are companies that produce essential goods that p... 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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Medical | |
The frantic race to be first to market with a coronavirus vaccine just got a new competitor, and that's a point that's giving many out there a cause to sigh with relief. While we've seen some of the greats hit that Phase 3 testing position, now there's one more to hit that high ceiling, and it's N... Read the Full Story |
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Basic Materials | | Cal-Maine Is A Speculative Buy Before Earnings
Cal-Maine (NASDAQ:CALM) investors haven’t had an easy time of it over the past quarter. The stock was set up to advance on an expectation of dividend reinstatement but events out of anyone’s control had the oppositive effect. An unexpected ... 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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Auto/Tires/Trucks | |
There are so many advantages associated with Electric Vehicles, it’s only a matter of time before we see widespread adoption of them around the world. With benefits like lower costs, less maintenance, environmental tax credits, and eco-friendliness, it makes sense that there are plenty of in... Read the Full Story |
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Retail/Wholesale | | CarMax Beats, Accelerating Trends Support GrowthThe entire used car market has been in focus this year. The industry experienced a hiccup when the pandemic struck but quickly recovered and even began showing strength. The shift to pre-owned vehicles, driven by rising prices for new cars, was acceler... 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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Medical | |
Finding a great dividend stock to hold in your portfolio over the long-term can be a challenge in today’s market. With many companies cutting their payouts or at risk of doing so shortly, the degree of difficulty for dividend investors has gone up thanks to the pandemic and its impact on cor... Read the Full Story |
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Business Services | |
Factset Research Systems (NYSE:FDS) may be one of the most under-loved U.S. mid-cap stocks—and this could be a good thing. The maker of analytical software for investment professionals has some of the best growth metrics in the information services space, although you wouldn't know it by the... Read the Full Story |
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Markets | | Fast food restaurant chain The Wendy’s Company (NYSE: WEN) shares sold off with the S&P 500 index (NYSEARCA: SPY) during the pandemic plunge commencing in late February 2020. Shares were able to recover back to pre-COVID highs but formed a double-top at the $23.98 price level. Shares are c... Read the Full Story |
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Medical | |
A lot of people have been following the healthcare market these days, if for no other reason than they now have a deeply personal connection to it thanks to Covid-19. But healthcare is more than one disease, as many hospitals discovered during the early days when few procedures were allowed to tak... Read the Full Story |
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Markets | |
After last quarter’s earnings report, you can’t fault investors for applying the “once you’re lucky, twice you’re good” mantra to Rite Aid (NYSE:RAD) stock. The company was clearly a pandemic winner. Drugstores were deemed to be essential businesses during the l... 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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