Good MorningLast week the equities markets drifted higher to set a new all-time high. The caveat for investors is that signs of underlying weakness remain in the market and could be setting the indices up for a fall. Although the bulk of S&P 500 companies are beating their consensus estimates the market was expecting much better and that is not a good thing for equity prices. Not only is the earnings picture dimming but the data is also less than could be desired. While the bulk of the data is positive, none of it suggests an acceleration of economic trends.
This week will be different. Although the earnings cycle is fast coming to a close the economic calendar is full. Among the many reports to be on alert for are Retail Sales, the producer price index, industrial production, business inventories, and housing starts. The surprise reports may be the industrial production and business inventories. The pandemic-driven demand and economic rebound have inventories dwindling and production on the rise.
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Materials | | Agricultural commodities products and lithium producer Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) stock has been on a powerful uptrend fueled by momentum in lithium suppliers. The electric vehicle (EV) revolution has fueled the worldwide hunger for battery grade lithium to power them. Europ... 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 | | Internet content delivery network (CDN) provider Limelight Networks (NASDAQ: LLNW) shares recently got punished on its Q4 2020 earnings. The provider of edge cloud services makes it possible for the internet to operate rapidly and smoothly much like the express toll lanes suffered a swing to losses ... Read the Full Story |
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Healthcare | |
Since Medpace (NASDAQ:MEDP) stock made its August 2016 market debut around $28, it has enjoyed a very nice run. Over the last three calendar years, Medpace has had returns of 46%, 59%, and 66%, respectively. It is already up 21% in 2021.
The health care company rode a seven-day winning streak int... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Markets | | The Second Of Two Crypto-Revolutions Has Begun
By definition, critical mass is the minimum amount of fissile material needed to sustain a nuclear reaction. Comparing the cryptocurrency market to that definition it would seem as if the market reached critical mass a long time ago. The cryptocurrency... Read the Full Story |
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Consumer Discretionary | |
If you're looking for a company that had a great quarter, look no further than AutoNation (NYSE:AN), who recently turned in its fourth-quarter results. With 315 retail operations scattered throughout the United States, most of them were firing on all cylinders as the company brought in some fanta... Read the Full Story |
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From Our Partners | | Nvidia has invested more than 7 billion dollars into a light speed device that could reshape how AI systems operate.
Bill Gates put in over 200 million of his own money, while BlackRock, Vanguard, Morgan Stanley and Norway's sovereign wealth fund are positioning around it. Related stocks have already climbed 133 percent, 217 percent and 320 percent.
Wall Street analyst Jason Bodner, who called Nvidia at 4.50, is sharing his top pick tied to this trend at no cost. | | Click here to see Jason Bodner's free AI stock pick |
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Healthcare | |
Shares of CVS (NYSE: CVS) stock are sharply down in early trading after the pharmacy chain released its fourth-quarter earnings. The nation’s largest pharmacy health care provider posted earnings per share (EPS) of $1.30, beating analysts’ estimates by six cents. Revenue came in at $69... Read the Full Story |
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Materials | | Ecolab Is Stronger Than It Once Was
We don’t want to imply that Ecolab (NYSE:ECL) was ever a weak company because it wasn’t but it is one emerging from the pandemic in better shape than when it struck. The company has been pursuing cost-cuts and repositioning efforts to better-serve the... Read the Full Story |
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Markets | | Advance Auto Parts: High Expectations Sour Great Results
Shares of Advance Auto Parts (NYSE:AAP) are holding steady in the premarket after missing Q4 earnings estimates but it may be time to put on the brakes. The company reported a great quarter and gave a solid outlook for next year but there is ... Read the Full Story |
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Consumer Discretionary | | After Wingstop (NASDAQ: WING) shares plummeted nearly 6% on the Pfizer (NYSE: PFE) vaccine news, many investors feared that the Wingstop bull run had come to an end. WING had been a pandemic winner, peaking above $160 over the summer – nearly double where it started 2020. The end of the pandem... Read the Full Story |
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Communication Services | | Just in case any Zillow (NASDAQ: ZG) investors were expecting the stock to take a breather after last year’s 650% rally, the Seattle-based online real estate marketplace has clearly had other ideas. Shares are up almost 50% this year alone, thanks in part to last week’s 20% pop driven by... Read the Full Story |
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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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