Good MorningThe equities market went on a wild ride to end the week on Friday. The broad market S&P 500, led by the tech sector, shed more than 3.0% on an intraday basis only to bounce back by the close. The move is a sign the market is still susceptible to bearishness but that bulls are in control. In the technical sense, Friday’s price action created a very large Hammer Doji which is often considered a sign that selling is over.
The non-farm payrolls report may have played a part in Friday’s action. The report showed 1.4 million new jobs were created in August as the economic rebound continues to roll forward. Unemployment fell more than 1.0% and is now at the lowest level since the pandemic struck. Next week, the markets face a holiday-shortened week but no less important with important reads on consumer and producer-level inflation.
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Consumer Discretionary | |
The Short-Story On Second Quarter Earnings
The second-quarter earnings cycle got started with a boom and now its ending with a bust. When the cycle started and it became apparent the consensus figures were too low the market breathed a sigh of relief. When it became clear that most S&P 500 wo... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Markets | |
This year, the era of cloud technology dominance has officially begun. With cloud stocks leading the Nasdaq to record highs regularly, many investors are trying to figure out just how much potential these companies will have over the next decade. It’s easy to understand why businesses that a... Read the Full Story |
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Technology | |
Ambarella, A Diversified Play On Specialty Semiconductors
Ambarella (NASDAQ:AMBA) made a name for itself providing chips and technology for GoPro’s (NASDAQ:GPRO) popular line of digital, connected, cameras. Unfortunately for both companies, the GoPro narrative did not play out quite as we t... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Healthcare | |
Did you know that healthcare spending makes up more than 10% of the GDP in most developed countries? In the United States, the spending is near twice that amount and accounted for 17.7% of GDP in 2018. With a global pandemic bringing the healthcare industry front and center, it’s easy to see... Read the Full Story |
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Markets | | Salesforce.com Is Only The Tip Of The Iceberg
Salesforce.com (NYSE:CRM) shocked the market when it reported earnings for the 2nd quarter. We knew the pandemic had accelerated the shift to digital and with it the cloud but the numbers are mind-boggling. Salesforce.com, a company whose business is he... Read the Full Story |
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Consumer Discretionary | | Fast casual restaurant chain Red Robin Gourmet Burgers (NASDAQ: RRGB) stock has been dormant during the pandemic recovery even as the benchmark S&P 500 index (NYSEARCA: SPY) make new all-time highs. However, shares have finally awoken as money looks for laggard opportunities among the rapidly ac... Read the Full Story |
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Communication Services | |
The Chinese social media company, Momo (NASDAQ:MOMO), is many things. One part of the company, Tantan, is an online dating site that is compared to Tinder. Then there’s Momo, its namesake app, which is an online dating service and more. In fact, it’s a potpourri of social media, video,... Read the Full Story |
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Consumer Discretionary | | Pride Cometh Before The Fall For Shoe Carnival
To look at the pre-market action you’d think Shoe Carnival (NASDAQ:SCVL) just died. The stock is down more than 12% putting it deep into correction territory and well on its way to a bear market. But that’s not what’s happening. The e... Read the Full Story |
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Markets | | A 7% rally had shares of Zendesk (NYSE: ZEN) among the best-performing stocks on Tuesday and helped propel them to all-time highs. They’ve rallied 20% in the past week and are up a full 110% since the lows of Q1. Though perhaps lesser well known and not as flashy as many of their Silicon Valle... Read the Full Story |
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Consumer Discretionary | |
Sometimes in life there are second chances. When it comes to stock trading this is often the case when a strong stock pulls back towards its 50-day moving average.
Shares of home furnishing retailer Kirkland's (NASDAQ:KIRK) appear to be bouncing back as quickly as they declined - and investors ma... Read the Full Story |
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The Early Bird Stock Of The Day Mizuho Financial Group, Inc., together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments. The company provides deposit products; syndicated, housing, and card loans; business matching services; and advisory services related to overseas expansions, and mergers and acquisitions-related services. It also offers consulting services, including asset management and asset succession; payroll services; and sells lottery tickets issued by prefectures and ordinance-designated cities. In addition, it offers fund management, underwriting of equity and bonds, risk hedging products, etc. for corporate customers; solutions based on capital management, business strategy, and financial strategy; real estate services; advisory services and solutions, such as advice on proposals on various investment products to financial institutions; and financial services that include funding support and public bonds underwriting. Further, the company offers corporate finance and transaction banking srvices; sales and trading services; investment products; pension funds; and ALM and investment services, including stable capital raising and balance sheet management, as well as management of fixed income, equity, and other securities portfolios. Additionally, the company provides online banking, cash management solutions, currency transaction, trade finance, custody, yen correspondence settlement, and research and consulting services; trust, securitization and structured finance, and stock transfers; and private banking and information technology-related services. Mizuho Financial Group, Inc. was founded in 2000 and is headquartered in Tokyo, Japan. | | View Today's Stock Pick |
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