Good MorningMonday’s bullish sentiment carried through into Tuesday with the major indices adding to gains. The NASDAQ Composite led the action with a gain of 3.6% on strength in big tech names like Apple, Amazon, and Microsoft. The blue-chip Dow Jones Industrial Average posted a much smaller gain near 0.20% as it continues to wrestle with resistance at the all-time high. The S&P 500 gained more than 1.5% to confirm support at the short-term moving average.
This week’s trading will be impacted by earnings and economic data although both are in short supply. Tuesday’s calendar included the NFIB small business index which improved from the previous month but not as much as expected. Later this week, key reads on consumer and business inflation may also move the market.
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Consumer Staples | | The world’s largest brewer Anheuser-Busch InBev (NYSE: BUD) stock still trades below its 2020 pre-COVID levels making it an attractive reopening play still worth pursuing with the acceleration of COVID-19 vaccinations. The Company has amassed a portfolio of over 500 brands ranging from beer to... Read the Full Story |
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Retail/Wholesale | |
Casey's General Stores (NASDAQ:CASY) is about as steady as they come in terms of S&P 400 constituents. Shares of the convenience store operator have returned 14%, 24%, and 12% over the last three calendar years and have advanced another 12% already this year.
As a mid-cap defensive stock, Cas... Read the Full Story |
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Finance | |
In hindsight, FlexShopper (NASDAQ:FPAY) may be one of those companies that was simply ahead of its time. The online retail lessor has been around for a while but not until recently has its services gained traction with consumers and retailers.
Part of the increased demand for rent-to-own shopping... 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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Business Services | |
Companies like Visa (NYSE:V) that combine technology and financial services are undoubtedly rife with potential at this time. Electronic payments only surpassed cash payments on a global basis a few years ago, which means there is still plenty of room for growth for businesses that are involved in... Read the Full Story |
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Auto/Tires/Trucks | | Thor Industries Is A Hot Dividend Growth Stock For 2021
If you are looking for an undervalued dividend growth stock that is giving the market exactly what it wants Thor Industries (NYSE:THO) is worth your time. The company is riding a wave of secular growth that was unleashed by the pandemic. Deman... Read the Full Story |
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Technology | |
Vertex (NASDAQ:VERX) reported fourth-quarter and full-year 2020 earnings on March 10, 2021. The results were good, but investors don’t seem to be that impressed. In early morning trading, VERX stock is down over 10%.
This could simply be a “sell the news” scenario. Shares of Ver... Read the Full Story |
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Transportation | | More Trends Than One Support The REV Group
The REV Group (NYSE:REVG) is not a pure-play on the RV industry but it is certainly benefiting from its strength. Estimated to rise 24% or more in 2021, the backlogs in the RV industry are so high as to guarantee production for several quarters and that i... Read the Full Story |
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Retail/Wholesale | | After close to a 20% drop in their share price over the past few sessions, burrito maker Chipotle (NYSE: CMG) was in need of some good news this week. Shares had notched an all-time high at the start of last month before getting caught up in the heavy rotation away from growth stocks and into value.... Read the Full Story |
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Business Services | | ABM Industries Is A Reopening Play For Dividend Growth Investors
In a world where businesses are dealing with the ramifications of COVID-19 and ramping up for a widespread economic reopening ABM Industries Incorporated (NYSE:ABM) is one of the better positioned for early gains. The company is akin ... Read the Full Story |
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Consumer Staples | | Shares of mattress maker Purple Innovation (NASDAQ: PRPL) are waking up after tumbling more than 32% on March 4, following a disappointing earnings report.
The Utah-based company reported 2020 revenue of $648.5 million, up 51.4% from $428.4 million in 2019.
Yearly net income was $10.9 mill... Read the Full Story |
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The Early Bird Stock Of The Day The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names. The Integrated Advertising & Creativity Led Solutions segment offers advertising, corporate, and brand identity services; and strategic consulting under FCB, IPG Health, McCann Worldgroup, and MullenLowe Group brands. Specialized Communications & Experiential Solutions segment provides public relations and other specialized communications services, live events, sports and entertainment marketing, and strategic consulting under IPG DXTRA Health, The Weber Shandwick Collective, Golin, Jack Morton, Momentum, and Octagon brand names. The company was formerly known as McCann-Erickson Incorporated and changed its name to The Interpublic Group of Companies, Inc. in January 1961. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York. | | View Today's Stock Pick |
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