Good MorningThe equities markets edged higher again on Friday to round out a generally upbeat week. Although there are still risks to the market it seems as if the worst of the COVID pandemic could be behind us. Not only is the number of daily new cases hitting new lows every day the rate of new cases is the lowest it’s been since early November. The decline in COVID cases is helping to bolster what is fast becoming a bright outlook for 2021 earnings following a week filled with better than expected earnings results and upwardly revised guidance.
On the economic front, the January non-farm payrolls report was a little weaker than expected but the balance of the labor data is positive. Data from the ADP report on employment to the Challenger report on layoffs point to the same thing; stabilization within the labor market. The key takeaways for the week are that unemployment fell another 4 tenths to 6.3% while plans for hiring and job availability trend near record highs.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Industrials | |
The S&P Small Cap 600 index is already up 10.7% this year compared to a 3.1% return for the large cap S&P 500. This disparity is partly due to the fact that Gamestop is a member of the S&P 600—and despite its recent plunge is still up 200% year-to-date.
But there have been some ... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Staples | |
Over time a stock's price can run up into the hundreds of dollars if things are going well. Many companies opt to enact a stock split that reduces the share price and makes it more accessible to retail investors. Other companies prefer to leave their share price high often to induce the perception... Read the Full Story |
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Industrials | | A Rising Tide Lifts All Ships, But Saia Is Rising Faster
There is a rising tide of demand lifting the entire trucking industry and Saia is no different. What makes Saia (NASDAQ:SAIA) different from competitors like J.B. Hunt (NASDAQ:JBHT), Old Dominion (NASDAQ:ODFL), and even Schneider Internationa... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Consumer Staples | |
While there's no doubt that stocks like Hershey's (NYSE:HSY) have a certain resistance to market forces to them—somewhere, someone wants chocolate and they want it right now—there's also a point to be made where Hershey's can take advantage of some market points to drive itself forward... Read the Full Story |
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Healthcare | |
Canopy Growth (NASDAQ:CGC) stock is up 67% since the start of the year. And the stock continues to move higher with the cannabis company scheduled to deliver its third-quarter earnings on February 9, 2021. If the whisper number is to be believed, Canopy will deliver negative earnings per share of ... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Technology | |
As the saying goes "cash is king". And sometimes investing in companies that hold a lot of cash can lead to some royal gains. This is often because companies with solid underlying cash flow typically have strong operating models.
Also, companies with large cash positions have the flexibility to p... Read the Full Story |
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Consumer Discretionary | | Bitcoin And Tesla, The EV-Crypto Crossover
Bitcoin (BTC) made headlines this morning when it surged to set a new all-time. The new high which was just shy of $45,000 comes exactly one month after the last record-setting high was reached. Oddly, Bitcoin made headlines again with the aid of Tesla (NA... Read the Full Story |
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Communication Services | | The world’s largest cinema operator AMC Entertainment (NYSE: AMC) stock has been on a rollercoaster ride in 2021 as a “meme” stock following on the coat tails of GameStop (NYSE: GME). There have been numerous stories idealizing the stock as a stronghold in the battle between the ma... Read the Full Story |
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Consumer Discretionary | | Best Buy Is A In A New Breed Of Retail Stocks
The Best Buy (NYSE:BBY) story is one that is fast becoming a signficant theme for Wall Street stocks. The company which was ailing in the years going into the pandemic is emerging from the crisis stronger and in a better position. In this case, it is th... Read the Full Story |
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Markets | | A 90% pop in the second half of December had all the trappings of a good end to the year for shares of FireEye (NASDAQ: FEYE), but unfortunately for investors in the cyber-security stock, they couldn’t hold onto it. Shares slipped in the final week of 2020 and have been trending down for much ... 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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