Good MorningEquities traded flat on Thursday following the inauguration of President Joe Biden. The market is hopeful the new administration will bring another round of economic stimulus with it but there is already a snag. The new President’s proposed $1.9 trillion in stimulus spending is already facing pushback from Republican members of Congress. The biggest hurdle is the price-tag, a number that is expected to fall sharply over the coming weeks and weigh on index prices.
In other news, the number of new jobless claims is hanging stubbornly in the 900,000 range as COVID-19 wreaks havoc on labor conditions. Meanwhile, the total number of unemployed persons seeking unemployment assistance fell by 2.4 million over the past week to the lowest level since May. The takeaway for investors is that employment is on the rise although there is still high turnover in the labor market.
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Basic Materials | |
A big part of long-term investing success is keeping an open mind and looking into which sectors are showing strength, even if they aren’t necessarily the ones that receive the most attention in the financial media. This is the case with the materials sector, which tends to fly under the rad... Read the Full Story |
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From Our Partners | | A scheduled announcement on July 31st could reshuffle the stock market's winners and losers - and one lesser-known name may be positioned to benefit while the Magnificent 7 stumbles.
Smaller, overlooked stocks are showing growing potential to challenge AI's biggest players. One specific ticker stands out heading into that date. | | Get the name and ticker of this stock on your radar now |
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Consumer Discretionary | |
We will learn a lot about the health of corporations worldwide in the weeks ahead. As yet another earnings season kicks off, we'll soon know more about which companies are faring well and which not so well in the COVID-19 economy.
Some stocks warrant more investor attention than others on account... Read the Full Story |
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Auto/Tires/Trucks | | Chinese electric vehicle (EV) maker Xpeng (NYSE: XPEV) stock has pulled back from its all-time highs but still continues to outperform the benchmark S&P 500 index (NYSEARCA: SPY). In its limited time as a publicly listed Company (ADRs), it has grown to one of the three most prominent Chinese EV ... Read the Full Story |
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From Our Partners | | For investors within 5 to 10 years of retirement, midterm election volatility isn't a distant concern - it's a real threat to the savings you've built. A shift in congressional power could trigger prolonged budget battles, rattling consumer confidence and corporate earnings at the worst possible time.
Many institutional investors are responding by moving wealth into physical gold. A legal IRS mechanism allows you to transfer existing retirement savings into physical gold and silver with no taxes or penalties. The free 2026 Wealth Preservation Guide explains exactly how. | | Download the free 2026 Wealth Preservation Guide and protect your retirement |
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Technology | | Semiconductor giant Broadcom (NASDAQ: AVGO) stock been in a powerful uptrend since bottoming out at the height of the COVID-19 pandemic in March 2020. Shares have more than doubled off the lows, rising more than 30% in the last two months of 2020. The rise in shares is backed by solid growth and inc... Read the Full Story |
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Industrials | | Alcoa, A BelLwether No Longer?
Alcoa’s (NYSE:AA) place as a bellwether of the economy has long-passed at least in its importance to the market. The company is no longer hailed as the first major report of the season, and it is no longer used as a gauge of market conditions but I think it shou... Read the Full Story |
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From Our Partners | | Yahoo Finance reports this technology 'May Unlock $400 Trillion' - and Bloomberg calls it 'unavoidable.' Elon Musk has been quietly doubling down on it, even attempting to deploy it during his time at DOGE before being shut down.
Investing legend Jeff Brown - who identified Bitcoin, Tesla, and Nvidia early - has spent six years analyzing this sector he calls 'W.T.E.' He believes it could be 90 times bigger than AI and 1,900 times bigger than Bitcoin. | | Click here to see Jeff Brown's full breakdown and how to invest |
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Technology | | With Netflix (NASDAQ: NFLX) shares popping 17% on Wednesday after stellar earnings sent them to all time highs, Wall Street’s attention was once again turned back towards the FANG group of stocks who were so hot for much of last year.
Of that group, Facebook (NASDAQ: FB) has been among the la... Read the Full Story |
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Industrials | | Clean energy technology company Fusion Fuel Green (NASDAQ: HTOO) stock was reversed merged with a special-purpose-acquisition-company (SPAC) HL Acquisition and started trading on Dec. 24, 2020 under the current symbol. The Company utilizes proprietary technology to produce green hydrogen through the... Read the Full Story |
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Technology | |
Did you know that the value of the global video games market is expected to reach $138.4 billion in 2021? It’s an industry that is seeing strong growth all over the world and offers some very intriguing investing opportunities at this time. Things have come a long way over the years since th... Read the Full Story |
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Technology | | Semiconductor company Advanced Micro Devices (NASDAQ: AMD) stock has been both a pandemic winner and a recovery play as it reached all-time highs in 2020. However, shares but have been struggling in 2021 with a (-3.82%) performance year-to-date (YTD) versus 1.2% for the benchmark S&P 500 index ... Read the Full Story |
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Markets | | Defi Is The Biggest Trend In Cryptocurrency
You may think that rocketing prices is the biggest trend in cryptocurrency this year but you’d be wrong, it’s defi. Rocketing prices are certainly something to get excited about but the underlying cause is defi. Defi, or decentralized finance,... Read the Full Story |
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The Early Bird Stock Of The Day Cemtrex, Inc. engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges. The Industrial Services segment offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers. The Cemtrex Corporate segment refers to the holding company of the other two segments. The company was founded on April 27, 1998 and is headquartered in Hauppauge, NY. | | View Today's Stock Pick |
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