Good MorningEquities markets pulled back on Monday despite movement on another $1.9 trillion in economic stimulus. House Democrats unveiled a new bill over the weekend that is expected to be fast-tracked through the full Congress before the end of March. In the bill are $1400 stimulus checks for most Americans, new relief for small businesses, and an increase in the national minimum wage to $15 an hour.
The tech-heavy NASDAQ Composite led Monday’s losses with a decline near -2.50% at the low of the session. Big tech names like Apple, Amazon, and Tesla were among the day's biggest decliners despite the positive impact another round of stimulus will bring. On the economic front, a better than expected 0.5% gain in the Index of Leading Indicators suggests the economic rebound continues to gain strength. Later in the week, reports on New Homes Sales, core inflation, and earnings could move the market.
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Business Services | |
On February 22, Republic Services (NYSE:RSG) reported its 2020 fourth quarter and full-year earnings. The company recorded a double beat with earnings per share (EPS) coming at $1.00 well above the 80 cents projected by analysts. Republic had a narrower beat on the top line with revenue coming in ... Read the Full Story |
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Multi-Sector Conglomerates | |
When investors hear the name 3M (NYSE:MMM) they often think of Scotch tape. Of course, the long-time Dow Jones Industrial Average member is far more. Today, the 120-year-old industrial conglomerate is comprised of many different business lines that serve diverse end markets globally.
There are se... Read the Full Story |
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Business Services | | Diversified electric vehicle (EV) products and fintech portfolio company Ideanomics (NASDAQ: IDEX) stock has been on a controversial run riding the electric vehicle (EV) revolution. The Company has been the subject of short-sellers claiming the Company as being more hype than substance. In addition ... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Markets | | The Shorts Get Cautious And Investors Reap The Rewards
The rise of crowd-sourced short-squeeze activity has short-sellers cautious if not running scared. The potential for losses is great in the high-stakes game of financial cat-and-mouse and smart-money doesn’t like to get burned when it can... Read the Full Story |
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Auto/Tires/Trucks | | Dorman Products Cashes In On After-Market Boom
Dorman Products Inc. (NASDAQ:DORM)is one of those company’s fundamental to an industry that you often hear nothing about. The company is a manufacturer and distributor of after-market automobile parts for both repair professionals and retail outl... Read the Full Story |
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Consumer Staples | | Freshpet Is One Hot Growth Ticket
Over the past few months, we here at Marketbeat grew wary of Freshpet (NASDAQ:FRPT). Not because the pet food industry is at risk, or because American’s don’t want to feed their pets good food, but because the shelves seemed to be empty. Everywhere we w... Read the Full Story |
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Markets | |
Six Flags (NYSE:SIX) reports earnings on February 24 and the news is not likely to be good. Analysts forecast negative earnings per share (EPS) of $1.02 on revenue of $87.04 million. The whisper number puts the EPS slightly lower at ($1.10). Does this signal that the company’s strong run is ... Read the Full Story |
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Construction | |
With many of the hottest growth names selling off to start the week and plenty of companies in the Dow Jones Industrial Average showing strength, it’s evident that we are starting to see some rotation. Whether this has to do with the sharp decline in COVID cases or rising treasury yields, a ... Read the Full Story |
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Retail/Wholesale | |
It’s setting up to be another strong quarter for The Home Depot (NYSE:HD). The home improvement retailer is expecting to report earnings per share of $2.61 on revenue of $30.45 billion. And the whisper number suggests that the company’s EPS may be even higher ($2.74).
Sequentially, th... Read the Full Story |
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Retail/Wholesale | | Walmart (NYSE: WMT) reported its Q4 2021 earnings (the period ending December 31, 2020) and investors did not like the results; shares cratered by more than 6% on the news. That’s a big move for any company, but we’re not talking about some volatile tech stock here – Walmart is a l... Read the Full Story |
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The Early Bird Stock Of The Day LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. In addition, the company distributes recreational vehicle appliances and air conditioners, towing hitches, truck bed covers, vehicle protection products, marine electronics, cargo management products, wheels, tires, and suspension products. It serves collision and mechanical repair shops, and new and used car dealerships, as well as retail customers. The company operates in the United States, Canada, the United Kingdom, Germany, Belgium, the Netherlands, Luxembourg, Italy, the Czech Republic, Austria, Poland, Slovakia, Taiwan, and other European countries. LKQ Corporation was incorporated in 1998 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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