Good MorningThe equity markets continued to rebound on Wednesday on rising hopes that Congress will soon pass the next round of economic stimulus. Included in the $1.9 trillion price tag is another round of stimulus checks worth $5600 to a family of four. While much of the bill is focused on COVID-19 relief the CBO says at least half the spending will not get implemented until well after the crisis has passed. In COVID news, the number of daily new cases continues to trend lower and is now at the lowest levels since early summer 2020.
Traders on Thursday should be on alert for the latest read on jobless claims. The number of new jobless claims is expected to fall again and could far exceed the analyst’s estimates. With the spring season soon approaching and businesses eager to reopen hiring will likely pick up substantially over the next few weeks to two months.
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Technology | |
I’m less interested in what numbers DocuSign (NASDAQ:DOCU) will report during its earnings presentation on March 11. I’m far more interested in whether the company will preview the new products it is scheduled to announce when it keynotes the Momentum 2021 conference on March 24.
DOCU... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Technology | |
There's been a lot of buzz about the "Fourth Industrial Revolution" and what it could mean for investors. While it may sound like something dramatic developing across the world's factories, it relates to a broad scope of industries and technologies.
The Fourth Industrial Revolution is a melting p... Read the Full Story |
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Consumer Staples | |
It always helps to take a high-level view of the major indices in the market during periods of market volatility and corrections. With plenty of tech stocks well off their 52-week highs and puzzling divergences appearing across the market, many investors are struggling to get a clear read on where... Read the Full Story |
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From Our Partners | | Roger Scott just unveiled a day-trading tool designed to identify the first wave of institutional buying before a full order moves through the market - potentially in minutes.
On April 14th, the tool flagged early institutional buys on HOOD at 9:45 am, delivering a 24% return in 6 minutes. Minutes later, a signal on MSTR locked in a 33% return in 12 minutes. Free access is available now. | | Secure your free pass to the real-time institutional order tracker today |
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Consumer Discretionary | |
If any stock has taken a beating in 2020, and beyond, it's AMC Entertainment (NYSE:AMC). The pandemic shutdowns, the loss of first-run movies, the collapsing theatrical window and ongoing customer skittishness are all coming together to deal a knockdown blow to this great American brand. However, ... Read the Full Story |
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Consumer Staples | | The Tide Is Turning For Calavo Growers
Calavo Growers (NASDAQ:CVGW) is a consumer staple company with a rather unique position. As the provider of a singular product, avocados, the company has been both blessed and cursed by the pandemic. On the one hand, demand for avocados has the company growing... Read the Full Story |
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From Our Partners | | Roger Scott spent twenty years on Wall Street moving billions through the market. Now he's exposing the 'empty chair' signal he says sits behind the most stunning stock moves retail investors rarely hear about.
The same signal reportedly triggered a 138% return on WMT in two weeks and a 157% return on Cencora in one week, according to his research. | | Watch Roger Scott reveal the empty chair signal today |
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Technology | | Oracle, The New Bellwether For Stocks
Oracle (NYSE:ORCL) has an interesting position in the world of stocks and not just because it is a blue-chip old-tech name reinvigorating growth via the cloud. Oracle is one of those unusual companies that choose to end its year and report its earnings out of s... Read the Full Story |
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Auto/Tires/Trucks | | With as much as a 30% bounce off multi-month lows in the past few sessions, shares of Tesla (NASDAQ: TSLA) are reminding investors and Wall Street alike just why they’re such a joy to own if you can handle the volatility. It’s never plain sailing with them, however.
As we wrote about ea... Read the Full Story |
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Medical | | Diagnostic test maker Fulgent Genetics (NASDAQ; FLGT) closed Wednesday at $97.20, down 11.28%, or $12.36. It’s hovering near its 50-day moving average.
The company reported its fourth-quarter results on March 4 after the close.
Fulgent posted revenue of $295 million and earnings per share of... Read the Full Story |
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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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The Early Bird Stock Of The Day Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials segment offers ethylene, polyethylene, styrene, chlorinated derivative products, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride (PVC), epoxy specialty resins, and base epoxy resins and intermediaries, as well as chlor-alkali, such as chlorine and caustic soda. The Housing and Infrastructure Products segment provides residential PVC sidings; PVC trim and mouldings; architectural stone veneers; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. It offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. Westlake Corporation was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation operates as a subsidiary of TTWF LP. | | View Today's Stock Pick |
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