Good MorningEquities were mostly flat on Monday with traders on alert for this week’s round of economic data. Top of the list is the Retail Sales figure due out today but there are several reports of interest. Retail sales are expected to accelerate to 1.5% from last month’s 0.7% but still trail the 6.2% increase in consumer prices as indicated by the CPI data.
Later this week, traders will be on the watch for reads on housing starts and building permits as well as the Index of Leading Indicators. All three data points are expected to accelerate from the previous month as well and could move the market. The risk for traders is that supply chain hurdles and lack of materials could cut into economic activity. If so, the outlook for earnings in the 4th quarter could begin to deteriorate.
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Consumer Discretionary | |
Advance Auto Parts Exceeds Expectations For Growth
Advance Auto Parts (NYSE: AAP) isn’t a high-yielding stock or even that close to becoming a Dividend Aristocrat but there is a story here we think dividend-growth investors will be interested in. The company has been working hard over the ... Read the Full Story |
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From Our Partners | | A little-known oil income investment holds interests in more than 17 million gross acres across 28 states and over 137,000 producing wells, yet it never buys rigs, hires crews, or pays drilling bills.
At the latest source date, 91 rigs were active on its acreage, sitting in counties with roughly 98% of all active Lower 48 drilling rigs. Its most recent distribution was $0.47 per unit at a $14.31 price.
It has paid a distribution every quarter since its 2017 IPO, including through the 2020 oil crash. | | Watch the free presentation explaining this oil income structure now |
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Consumer Discretionary | | One of the biggest reasons why investing is so exciting is the fact that there is no shortage of newly public companies to choose from. These debuts are always intriguing since no one knows how the market will actually value the shares after the stock starts trading. With that said, there are plenty... Read the Full Story |
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Technology | |
Progress Software (NASDAQ: PRGS), which is on the cusp between small- and mid-cap, is getting support at its 10-day line following a 15% gap higher after its last earnings report.
The Bedford, Massachusetts company specializes in software development and deployment platforms for business applica... Read the Full Story |
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From Our Partners | | What I bought is tokenized gold. Real gold in a professional vault… held as a digital token in a wallet only I control. Now compare that to how most people own gold. You call a dealer and pay a premium over the gold price. You wait for it to ship… then you find somewhere to hide it.
And when you want out? It gets worse. Buy a 1 oz gold coin from a dealer and sell it back, and about 4% to 8% of your money is typically gone. Plus, physical gold holders wait days for dealers to verify the gold and pay them.
Tokenized gold? You can sell it any hour, any day, even on a Sunday night, for a small trading fee. So when you need your money, which would you rather own? Gold that takes days to sell… or gold you can sell in seconds? | | Click here to see how tokenized gold works. |
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Markets | |
Much like the holiday season, when earnings season rolls around things can get a little crazy. A steady flow of quarterly reports brings a mix of jubilant cheer and anguished stress.
Third-quarter earnings season hasn’t been any different. Most companies have exceeded expectations while oth... Read the Full Story |
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Consumer Staples | |
Tyson Foods Beats Top And Bottom Line With Higher Prices
As surprising as it may sound, Tyson Foods (NYSE: TSN) may be a hedge against the rising tide of consumer inflation. Call it a stretch, but the company is part of the infrastructure of American food and thereby qualifies as a real asset, a... Read the Full Story |
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From Our Partners | | Ray Dalio, founder of Bridgewater Associates, is urging investors to hold 15% of their portfolio in gold and crypto as U.S. debt continues to climb and fiat currencies lose purchasing power.
A little-known $15 fund is already converting gold's momentum into monthly income - as much as $1,152 per month. No gold bars, no mining stocks, just consistent payouts. | | See how to follow Dalio's gold strategy and collect monthly income |
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Industrials | |
Insiders And Institutions Are Buying FreightCar America, Inc.
Insider buying in FreightCar America, Inc (NASDAQ: RAIL) marked a bottom in share prices late last year and now the institutions are helping to drive share prices higher. Insider activity has been non-existent since the last round of... Read the Full Story |
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Consumer Discretionary | |
Rivian Automotive’s (NASDAQ: RIVN) hugely successful IPO last week is generating plenty of headlines and attention, despite the company being pre-revenue, but don’t overlook smaller new companies like Dutch Bros (NYSE: BROS) or Trinity Capital (NASDAQ: TRIN).
There are also several 2... Read the Full Story |
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Industrials | |
Both companies will play a role in building out an electric vehicle charging network, but which stock is best to own now?
Investors are looking at 2022 and positioning their portfolios to capture what is setting up to be a big year for electric vehicle (EV) stocks. One reason for that enthusiasm... Read the Full Story |
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Consumer Discretionary | |
Risk-tolerant investors can look at HOFV stock as an under-the-radar penny stock play
Earlier this summer, I suggested that Hall of Fame Resort & Entertainment Co. (NASDAQ: HOFV) was a speculative stock worth considering. After the company’s third-quarter earnings report, I stand by th... Read the Full Story |
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Healthcare | |
Studying insider trades is one of the most popular ways to devise an investment strategy. Valuable clues can be gleaned from the buying and selling activity of corporate executives and influential institutions.
Insider trades can be analyzed from several angles. Some investors like to focus on th... Read the Full Story |
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The Early Bird Stock Of The Day Stantec Inc. provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions. The company also provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics. In addition, it offers planning and design services to clients in residential, logistics, retail, infrastructure, energy, higher education, and urban regeneration sectors; architectural and interior design, and planning services in the science and technology, commercial workplace, higher education, residential, and hospitality markets. Further, the company provides transportation advisory, transport engineering, and technical design; project delivery consultancy services for mining, resources, and industrial infrastructure projects; paleontological and archaeological services for the rail, transportation, water, and power and energy sectors; and environmental and cultural resource compliance services. Additionally, it offers consulting services in sustainable building design, energy infrastructure upgrades, sustainable district heating network, and e-mobility; and planning, design, construction administration, commissioning, maintenance, decommissioning, and remediation services. The company was formerly known as Stanley Technology Group Inc. and changed its name to Stantec Inc. in October 1998. Stantec Inc. was founded in 1954 and is headquartered in Edmonton, Canada. | | View Today's Stock Pick |
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