Good MorningEquity markets bounced back on Thursday following Wednesday’s slide. The onslaught of earnings reports continues to be better than expected and is lifting investor sentiment. While inflation is a big part of the story, margins are holding up and earnings remain strong. So long as this scenario remains intact the S&P 500 should continue to move higher but there is a risk. The PCE index is going to be released today and could put an end to investor euphoria.
Rising prices and inflation are already cutting into the volume of business done by retail companies, if the PCE indicates hotter than expected inflation the outlook for future sales and earnings will sour.
Next week, the deluge of earnings reports will continue with the addition of some key economic releases as well. The Nonfarm payrolls report is due out on Friday and there are a host of other important releases due out during the week.
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Finance | |
Digital financial services company Sofi Technologies (NASDAQ: SOFI) stock is gaining a new resurgence as it attempts to climb towards all-time highs. The fintech has expanded its financial services to become a one-stop shop for banking, investing, lending, budgeting, wealth planning, and credit ca... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Technology | |
3 Growth Stocks Backing Up High Valuations With Impressive Earnings
The most successful investors use earnings season as an opportunity to identify future leaders in the market and assess what companies are worth holding on to. These reports can be huge catalysts for the price of a stock and prov... Read the Full Story |
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Consumer Staples | |
Wouldn’t it be great if a stock’s chart and fundamentals said the same thing? It doesn’t always happen, but when it does, it can sure strengthen a bullish investment thesis.
Classic chart patterns emerge daily across capitalizations and sectors. So do the opinions of sell-side r... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Construction | |
Results Drive These Automotive Stocks Higher
The automotive industry is struggling with systemic issues but, by all accounts, still doing quite well. While the major OEMs are cutting back on production sales remain robust and the outlook for the industry is healthy. Today, we’re looking at... Read the Full Story |
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Transportation | |
Saia Delivers A Truckload Of Growth
When Saia (NASDAQ: SAIA) decided to open a new terminal in Virginia the move was met with some criticism. Although demand within the industry is high and warrants such a move, ultra-tight labor conditions suggest it may be a bigger bite than the company can ch... 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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Technology | | If you recall the days before cloud storage was ubiquitous, the name Seagate Technology Holdings (NASDAQ: STX) may ring a bell.
Even though you may not have an external hard drive connected to your laptop anymore, demand for cloud storage is driving growth at Seagate.
The Ireland-based maker of ha... Read the Full Story |
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Markets | |
Have you ever heard a young person say, "Save for retirement? Are you crazy? I have to make student loan payments."
Older workers held themselves back, too: "Am I in the right investments? It's all so confusing. I'll put it off for another week or so." And then that week turns into a month, that ... Read the Full Story |
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Retail/Wholesale | |
High-Yield Ethan Allen Interiors Is A Deep Value For Income Investors
Ethan Allen Interiors (NYSE: ETD) is one of the best-positioned companies in an industry well-positioned for the current environment. Not only does the company manufacture furniture, one of the highest-demand retail categories... Read the Full Story |
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Auto/Tires/Trucks | | In a sign of just how much those on Wall Street were looking forward to this week’s run of earnings reports, the Dow Jones Industrial Average, the NASDAQ, and the S&P 500 indices all hit fresh highs in recent days. After a somewhat muted September and October, it can be taken as a sign tha... Read the Full Story |
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Markets | |
To some people, the idea that giving money away attracts wealth seems like a lot of hokum, but others firmly believe that living a life of abundance can make you a millionaire.
When you give back, the argument is that this type of abundant act flows back toward you. Not only do you feel good, you... Read the Full Story |
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The Early Bird Stock Of The Day Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets. | | View Today's Stock Pick |
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