Good MorningThe equities markets were mixed on Monday following the big surge late in the day on Friday. The S&P 500 was mostly flat while the Dow Jones led with a small gain and the NASDAQ lagged with a small loss. Traders are optimistic about a global economic recovery but have their eyes focused firmly on the data. This week brings several important economic data points including Tuesday’s read on consumer confidence and Wednesday’s pending home sales.
The most important data for the week will be the employment data. From the ADP to the Challenger report, jobless claims, and the NFP, traders are looking for positive signs of job gains and labor market improvement. A strong labor market means a strong consumer and that is crucial for a strong economic recovery. In other news, traders cheered the freeing of the container ship Evergreen and its impact on the global supply chain.
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Consumer Staples | |
Like many stocks, McCormick's (NYSE: MKC) stock is moving higher prior to earnings. In the last month, the stock price has climbed over 7% reversing a bearish trend since the beginning of the year. In fact, as of this writing McCormick remains down about 3% for the year.
In this case, value inve... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Markets | | Today’s Penny Stock Is Tomorrow’s NASDAQ Bell Ringer
Penny stocks, when positioned correctly, can become the next NASDAQ bell-ringer. While none of the stocks on today’s list are quite ready for that spotlight they all have it in them. The unifying factor in all cases is a secula... Read the Full Story |
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Markets | | When you stop to look at what’s been happening with technology stocks this year, it’s a tale of two markets. First, you have the growth-oriented tech stocks that have been relentlessly sold thanks to rising interest rates and questions about their valuations. These stocks were market dar... 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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Technology | | Online education is becoming a bigger business all the time, which is why shares of Houghton Mifflin Harcourt (NASDAQ:HMHC), Chegg (NYSE: CHGG) and GP Strategies (NYSE: GPX) are racing higher. Digital learning was already on the upswing when the pandemic hit; Covid only accelerated that trend.
Houg... Read the Full Story |
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Markets | |
One of the biggest gainers in yesterday came from Houghton Mifflin Harcourt (NASDAQ:HMHC), a stock many will likely at least vaguely remember from their high school days as being one of the biggest textbook publishers around. The company saw gains of over 24.6% yesterday and managed to hold on to ... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Auto/Tires/Trucks | |
Is It Time To Bail Out Of Canoo, Or Scoop It Up?
Canoo (NASDAQ: GOEV) is one of the hot up-and-comers in the EV market having gone SPAC late last year and on track to begin deliveries in 2022. In fact, if the company’s FQ4 report can be believed it has achieved several milestones that not ... Read the Full Story |
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Technology | |
Akamai To Report In Late April
Akamai (NASDAQ: AKAM) is shaping up to be a great buy going into the calendar Q1 reporting season and there are more reasons than one. Aside from the company’s great position as a cloud-focused web-services company Akamai presents a value at current levels we... Read the Full Story |
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Technology | |
Even as traditional industrial stocks start to outperform tech, stalwarts like Facebook (NASDAQ: FB) remain as attractive as ever. Having trading mostly sideways from August through February, shares of the social media platform have popped 15% in the past two weeks and are closing in on their all-... Read the Full Story |
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Technology | | When you think of the tech sector, what probably comes to mind are large caps that led the rally in 2020, not lesser-known stocks like Ubiquiti Networks (NYSE:UI), Cambium Networks (NASDAQ: CMBM) and Aviat Networks (NASDAQ:AVNW).
All are involved in the telecommunications infrastructure business,... Read the Full Story |
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Transportation | |
If you needed a reminder that the market is a forward-looking mechanism, look no further than the performance of Avis Budget Group (NASDAQ: CAR) shares since the start of 2021.
Here’s how it went down:
The rental car company’s shares plummeted by nearly 90% in a month at the outset o... Read the Full Story |
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The Early Bird Stock Of The Day Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segment assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets. The Conventional segment holds natural gas liquids and natural gas assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in offshore operation, exploration, and development activities in China and the East Coast of Canada. The Canadian Refining segment owns and operates Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products, as well as Bruderheim crude-by-rail terminal and ethanol plants. The U.S. Refining segment refines crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. is headquartered in Calgary, Canada. | | View Today's Stock Pick |
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