Good MorningThe Dow Jones Industrials and the S&P 500 rose to record highs and yields on longer-maturity U.S. debt fell from more than one-year highs after the Federal Reserve continued to project near-zero interest rates at least through 2023 despite rising inflation concerns. Earlier in the session, the benchmark rate jumped to 1.689%, hitting a level unseen since late January 2020. The Nasdaq turned positive as well after the Fed comments shaking off earlier losses.
Fed Chairman Jerome Powell reiterated that the central bank wants to see inflation moderately above 2% and said the recent move higher in yields wasn’t disorderly. The Fed also upgraded its outlook for unemployment and inflation in the U.S. over the next several years. The rally may continue into Thursday trading as futures contracts tied to the major U.S. stock indexes rose in the overnight session Wednesday evening.
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Business Services | |
Cintas Is The Best-In-Breed Play On Labor Market Strength
There are lots of ways to play the labor market but Cintas (NASDAQ: CTAS) is by far the best in the breed. The only problem with the stock is that is the best in the breed which means you pay a lot for what you get. The 35X earnings the ... Read the Full Story |
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From Our Partners | | Jensen Huang says AI can't scale without it. Google Ventures calls it the future of AI compute. Sequoia Capital - the firm behind Anthropic and OpenAI - calls it a 'holy grail.' It's smaller than a fingertip and made of glass.
Wall Street insider Jason Bodner - who called Nvidia at $4.50 - believes this 'light-speed' device could be bigger for AI than GPUs and is about to launch a new wave of winners. He's sharing his number one stock pick tied to it at no cost. | | Click here to get Jason Bodner's top pick for free |
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Retail/Wholesale | |
A year ago, going out to eat at a restaurant was an activity met with serious concern. With so many question marks about the pandemic and widespread efforts to maintain social distance, many of these businesses were put through the wringer and saw sharp declines in sales. This led investors to tak... Read the Full Story |
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Retail/Wholesale | |
Both Dollar General (NYSE:DG) and Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) are trading significantly lower in the last month. And with neither stock getting a bump from earnings, it might be fair for you to wonder if the answer to the question in my headline is "are those my only choice... Read the Full Story |
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From Our Partners | | This feels like one of those ''where were you when Kennedy was shot'' moments. It felt like a moment in time, but that single shot started an avalanche of investigations, accusations, and conspiracy theories.
That's what you just witnessed with the death of the Ayatolla Khamenei.
Because the strikes proved how fragile things can get: billions could be lost. Seniors and the vulnerable put at risk. | | So to make it easy, Get the 2026 Retirement Survival Guide. Plain-English, step-by-step |
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Markets | | Consumer products maker Tupperware Brands (NYSE: TUP) stock was a pandemic winner in 2020, but shares have recently taken a beating in 2021. As COVID-19 vaccinations accelerate, the narrative is changing as money flows back into the value names and industries most hurt by the pandemic in anticipatio... Read the Full Story |
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Markets | | Telehealth aggregator LifeMD (NASDAQ: LFMS) stock been pulling back from it’s $33.02 year-to-day (YTD) highs. The acceleration of Covid-19 vaccinations have caused selling in the telemedicine companies that were pandemic. winners like Teladoc Health (NYSE: TDOC). LifeMD formerly known as Conve... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Retail/Wholesale | | In hindsight, shares of McDonalds (NYSE: MCD) were among the most obvious buys this time last year when markets were in a pandemic induced freefall. The 40% drop seen in the stock, and the subsequent rally to fresh all-time highs, will no doubt come to be looked back on as one of the great buying op... Read the Full Story |
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Markets | |
Underdog HEXO Corp Emerges As A Winner In Canadian Cannabis
We've always had an attraction for Canadian cannabis company HEXO Corp (NYSE: HEXO) despite its small stature. It is a leading vertically-integrated brand but even so, its sales are a mere fraction of industry leaders like Aphria and Ca... Read the Full Story |
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Retail/Wholesale | |
Williams-Sonoma Wins The Retail Wars
Williams-Sonoma (NYSE: WSM) has proven to be a real winner in the post-pandemic world. The company’s reliance and focus on eCommerce is only part of a larger story that had the company set up for big gains when COVID-19 swept the world. The company&rsqu... Read the Full Story |
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Retail/Wholesale | | Ulta Beauty (NASDAQ: ULTA) reported its fourth-quarter earnings on Thursday, March 11, and investors were disappointed with the results; shares are down more than 8% since then.
The beauty retailer’s fourth-quarter revenue was down 4.6% yoy to $2.2 billion, but that beat expectations of $2.08... Read the Full Story |
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Industrials | | It’s safe to say that just about every adult in the U.S. is familiar with Avery Dennison’s (NYSE: AVY) labels that you can pick up at any office supply store.
But at a time when digital technology is revolutionizing essentially every industry, sticky labels are not exactly the growth dr... Read the Full Story |
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The Early Bird Stock Of The Day Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and monitoring, security, automation, energy efficiency, and smart control through smartphone app. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, and integrated apps; personal video recorders; linear and time-shifted programming; digital specialty channels; and 4K television programming. Further, it provides residential and small business local telephony services; voicemail, call waiting, and long distance; voice, data networking, Internet protocol (IP), and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology and network technologies; cable access network services; telecommunications technical consulting services; and season games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Additionally, the company owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN television networks, as well as 52 AM and FM radio stations. It also offers Rogers and the Rogers World Elite Mastercard. The company was founded in 1960 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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