Good MorningThe equity markets continue to tread water at the freshly set all-time highs. A mix of good and bad news combined to support prices on Wednesday and keep the bulls from advancing significantly for the 7th day.
Topping the list of headlines in Wednesday news was the January retail sales figures. Retail sales jumped a much stronger than expected 5.3% under the influence of government stimulus. At the other end of the spectrum, the January Producer Price Index jumped 1.3% versus the 0.4% expected and raising fears of rising inflation.
In stock news, shares of Verizon led Wednesday action in the Dow Jones with a gain near 5.5%. The stock got a boost by news Warren Buffet’s Berkshire Hathaway had taken a sizeable stake. The $8 billion investment makes Verizon one of Berkshire Hathaway’s six largest holdings.
Featured: You Won’t Get a Warning Before This Correction Hits (Ad) 
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Consumer Discretionary | | America’s Car-Mart, Business The Old Fashioned Way
The rebound in the used-car market is yet to run its course and that is evident in results from America’s Car-Mart (NASDAQ:CRMT). What is also evident in the results is that it doesn’t take eCommerce to get business done and grow ... Read the Full Story |
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Markets | |
In the early stages of 2021, the stock market has seen some interesting leadership changes develop. Sectors that were out of favor in 2020 are suddenly all the rage. A rotation into small cap and value stocks that began late last year has carried into the new year.
This means that at the individu... Read the Full Story |
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Technology | | Shopify Rides The eCommerce Tidal Wave To Profits
If you doubt the impact of the pandemic on eCommerce and its importance to business today look no further than Shopify (NYSE:SHOP). Shopify is a cloud-based platform for merchants and retailers connecting them with the services and clientele they ne... 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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Technology | | Cloud data analytic solutions provider Teradata Corporation (NYSE: TDC) stock has nearly doubled in 2021 on the heels of a solid turnaround. The pandemic has accelerated the adoption of digital transformation. Surging social media engagements, ecommerce, work, learn and entertain-at-home trends have... Read the Full Story |
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Markets | | Three-wheel electric vehicle (EV) Arcimoto, Inc. (NASDAQ: FUV) was highlighted in an article “Arcimoto (NASDAQ: FUV) Stock is Worthy at These Levels” on Jan. 13, 2021. Shares have nearly doubled since then prompting the consideration to ring the register taking some or all profits while... Read the Full Story |
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Consumer Staples | |
Consumer staples stocks typically carry lower valuations than the broader market due their lower growth, defensive nature. Many also come with above-market dividends making them valuable components of a balanced long-term portfolio.
But as with other sectors, the valuations of the consumer staple... Read the Full Story |
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Communication Services | |
If you are an investor that is intrigued with all of the different ways in which advertising and technology intersect, a company like Magnite (NASDAQ:MGNI) needs to be on your shopping list. Advertising channels like websites, applications, connected television, and more offer companies the perfec... Read the Full Story |
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Consumer Discretionary | | The Short-Squeeze Is Coming For Workhorse Group
If the Gamestop (NYSE:GME) debacle wasn’t enough to convince short-sellers of Workhorse Group (NASDAQ:WKHS) to be wary the run-up in the cannabis market should have been. High short interest is the target of a new breed of American investor, the... Read the Full Story |
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Consumer Discretionary | | La-Z-Boy Falls After Mixed Q4
Shares of La-Z-Boy (NYSE:LZB) took a hit in premarket trading following a less-than-spectacular Q4 report. It’s not that La-Z-Boy had a bad quarter, it’s that results failed to beat the consensus. There has been a high expectation for average companies to b... Read the Full Story |
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Consumer Discretionary | |
Like many casino operators, Las Vegas-based Boyd Gaming (NYSE:BYD) had a rough 2020. Restrictions on indoor entertainment, lodging, and restaurants made for a trifecta of bad fortune.
But you wouldn't know it by the company's share price. Boyd Gaming stock is stunningly back within reach of its a... Read the Full Story |
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The Early Bird Stock Of The Day Charles & Colvard Ltd. engages in the manufacture and distribution of moissanite jewels and finished jewelry featuring moissanite for sale in the worldwide jewelry market. It operates through the following business segments: Online Channels and Traditional. The Online Channels segment refers to the e-commerce outlets, including charlesandcolvard.com, third-party online marketplaces, drop-ship, other pure-play, and e-commerce outlets. The Traditional segment consists of wholesale and retail customers. The company was founded in 1995 and is headquartered in Morrisville, NC. | | View Today's Stock Pick |
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