Good MorningEquity markets extended their historic rally on Monday with the major indices all moving higher. The NASDAQ Composite led the move with a gain near 1.0% while the S&P 500 and Dow Jones Industrial Average posted smaller advances. On a sector basis, the Energy Sector was among today’s leaders. The S&P 500 Energy sector ETF gained more than 4.0% on rising oil prices and a firming outlook for demand.
Market sentiment was also boosted by President Biden’s push for stimulus. He and members of his cabinet think another stimulus package is what it will take for the U.S. to reach full employment by next year. Last week, the CBO said the U.S. was already on track to reach full employment by next year. In COVID news, the rapid decline in COVID-19 cases continues across the U.S. paving the way for a fuller reopening and broader economic reopening in the second half of 2021.
Featured: Trump goes "all-in" on Grand Canyon energy breakthrough (Ad) 
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Communication Services | | Home services digital marketplace ANGI Home Services (NASDAQ: ANGI) stock has squeezed higher on its most recent Q4 2020 earnings. The platforms connect consumers with service professionals and independent contractors for various home service projects ranging from cleaning and handyman services to h... 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.
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Technology | | Mobile advertising and content technology platform provider Digital Turbine (NASDAQ: APPS) stock has been on an explosive rise propelled by the increase in mobile device usage and economic recovery. The stock is a dual narrative winner benefiting from stay-at-home, ecommerce and mobile app entertain... Read the Full Story |
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Consumer Staples | |
Well-known battery maker Energizer Holdings (NYSE:ENR) has been around for a long time powering our favorite electronic devices. But it has only traded as a standalone company for about 5 years during which the stock has had periods of mixed success.
More recently, the stock has joined the broade... Read the Full Story |
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Industrials | | No Love For Simpson Manufacturing
Simpson Manufacturing Co. (NYSE:SSD) isn’t seeing much love from the market following its Q4 earnings release. Not because the company underperformed, it didn’t, but because the market was expecting the good news. The problem for share prices is that gr... Read the Full Story |
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Technology | | A 6% jump in Monday’s session was enough to make shares of chipmaker Nvidia (NASDAQ: NVDA) among the best performing of US equities on the day. In what was a great start to the week for markets overall with the major indices all setting fresh all-time highs, Nvidia’s stock came within a ... Read the Full Story |
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Communication Services | | Spotify (NYSE: SPOT) reported its year-end earnings last week, and grew its user base faster than the average expectations. Paid subs increased 24% yoy to 155 million, while guidance called for 150-154 million. Monthly active users (MAUs) were up 27% yoy to 345 million, at the top of the 340-345 mil... Read the Full Story |
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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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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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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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The Early Bird Stock Of The Day Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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