Good MorningThe stock market got a major boost on Thursday when President Joe Biden signed another round of economic stimulus into law. The bill includes $1400 checks for most Americans and the White House says the first ones will go out this weekend. The S&P 500 gained more than 1.25% on the news but the tech-heavy NASDAQ Composite was the biggest winner for the day.
In economic news, the number of long-term unemployed remains persistently high near 20 million while the number of new jobless claims continues to decline. The number of new claims fell to 712,000 over the last week, the lowest level since the spring of 2020, even while the number of job openings hits a new high. The JOLTs report shows 6.9 million job openings in the U.S., up 100,000 from last month and 200,000 better than expected.
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Industrials | | School bus manufacturer Blue Bird Corporation (NASDAQ: BLBD) stock has weathered the recent sell-off in the electric vehicle (EV) sector. They are recovering from the pandemic effects from school closings. While the Company has been a major player in the school bus industry, they also have a robust ... Read the Full Story |
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From Our Partners | | SpaceX's IPO raised approximately $85.7 billion in gross proceeds. Days later, the company revealed its combined chip demand with Tesla could exceed one terawatt of compute, far beyond current global supply.
One small public company has built a dinner-plate-sized AI chip designed to sidestep traditional GPU architecture, potentially positioning it as a target for Musk's expanding compute needs.
A January 1, 2027 defense-sourcing restriction on strategic materials adds urgency to the timeline. | | See the tiny AI stock inside Elon Musk's supply gap |
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Markets | | Home fitness equipment maker Nautilus (NYSE: NLS) shares were a pandemic winner as stay-at-home restrictions and gym closures bolstered the demand for in-home gym and workout equipment. As the Covid-19 vaccinationsaccelerate, the reopening of gyms and loosening of capacity restrictions will naturall... Read the Full Story |
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Markets | |
The steel industry is certainly one to watch this year thanks to the possibility of huge amounts of infrastructure spending and a widespread rebound in economic activity. While steel stocks were big underperformers for the majority of 2020 thanks to the pandemic, things have changed quickly regard... Read the Full Story |
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From Our Partners | | Riot Platforms just struck a 20-year, 191-megawatt data-center agreement tied to Anthropic, reportedly worth 9.1 billion dollars, according to CNBC.
Before any Anthropic IPO arrives, one publicly accessible vehicle already lists Anthropic as its largest holding, available through a regular brokerage with no accredited-investor requirement.
History showed how fast access tightened once SpaceX became a headline name. Alexander Green of The Oxford Club says this window is open now. | | Learn about this early Anthropic access opportunity before it closes |
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Markets | | A Pull Back In Crypto But Not In Defi
With the total value of the defi market trending below the recently set high a question has arisen. Is the defi market cooling off? Based on our analysis, the answer is a resounding no, and here is why. Although the total dollar value locked into defi the total... Read the Full Story |
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Materials | |
Over the past year, the disparity in index sector weightings has widened. In the S&P 500 for instance, technology now accounts for over one quarter of the benchmark while four sectors (energy, materials, utilities, and real estate) each have less than a 3% weighting.
Materials stocks are one ... Read the Full Story |
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From Our Partners | | Jeff Brown and Marc Chaikin - the duo who identified Nvidia a decade ago - are forecasting that Elon Musk's AI breakthrough they call 'M.A.G.I.' will collide with a rare market pattern by July 30.
That pattern carries a 100% historical track record. The last time it triggered, early investors had a chance to turn $10,000 into as much as $350,000 in roughly 12 months. | | See the full breakdown of their AI prediction before July 30 |
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Consumer Discretionary | | El Pollo Loco (NASDAQ:LOCO) is an interesting play on fast food. The company’s core market is L.A. but it has been branching out into other areas and on the brink of a major growth accelerating. Over the past two years, the company executed and completed what they call the “Transformatio... Read the Full Story |
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Markets | | Shares of Poshmark (NASDAQ: POSH) are going through a baptism of fire right now as they continue to fall from their IPO highs. Having priced their IPO at $42, they followed the current trend in tech by blowing that out of the water on day one. Shares shot above $100 on that first day of trading in t... Read the Full Story |
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Consumer Staples | | Darling Ingredients (NYSE: DAR) is a company that works magic: It transforms foodservice waste into fuel and other products.
As numerous states, as well as the federal government, are implementing new clean energy targets, demand for a service like Darling’s is flying high.
The Irving,... Read the Full Story |
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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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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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The Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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