Good MorningThe sell-off in equities deepened on Thursday after comments from Fed Chairman Jerome Powell spooked the market. According to Powell, there is every to think job creation will pick up and that inflation may spike in the early stages of the reopening. The broad market S&P 500 shed more than 2.0% in the wake of the news but was able to pull back and close above the low of the day. The tech-heavy NASDAQ Composite also fell more than 2.0% before it too bounced off the day's low. The Blue Chip Dow Jones Industrial Average suffered much smaller losses.
The real test for the markets may come on Friday. The February non-farm-payrolls report could be a shocker and get the market really moving. The consensus estimate is a relatively-strong 210,000 new jobs, if the number is significantly above that it will reinforce the fear of inflation and rising interest rates.
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Retail/Wholesale | |
Kroger (NYSE:KR) stock is trading at nearly all-time high levels. And that’s interesting considering that the outlook for the grocery industry is waning. Kroger operates in a low-margin business. But the grocery chain was a pandemic winner as consumers looked to stock their pantries and free... Read the Full Story |
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Basic Materials | | Uranium producer Cameco Corporation (NYSE: CCJ) stock has been breaking out through multi-year highs on the renewed interest in clean energy spurring uranium demand. Uranium is used to fuel nuclear power plants that provide 20% of the electricity and up to 55% of all clean energy in the U.S. The U.S... Read the Full Story |
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Retail/Wholesale | | Value Is Where You Find It
With the focus turning from growth to value we felt it time (once again) to highlight a couple of the undervalued gems that we favor. Because the consumer is also so much in focus, and because COVID-related trends are still very much in force, we thought we turn the spotl... Read the Full Story |
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Auto/Tires/Trucks | |
The market appears to be in re-calibration mode these days. Rising bond yields, mixed economic data, and ongoing pandemic uncertainty have been reasons to pause and evaluate where the market goes from here.
Many stocks that have banked huge gains in recent months have had to bear the brunt of som... Read the Full Story |
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Multi-Sector Conglomerates | |
What began as a slight pullback in growth stocks a few weeks ago has now turned into a mass exodus out of growth and into value. Investors need to understand that it takes time for institutional investors to unwind positions and add exposure to new sectors in the market. That’s why it’... Read the Full Story |
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From Our Partners | | Fidelity warns that a downturn early in retirement can permanently erode wealth - and with midterm volatility already rattling markets, near-retirees face real risk inside their 401(k).
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Markets | |
Shares of Smile Direct Club (NASDAQ:SDC) continue to sag in pre-market trading. This is despite the company’s earnings report that showed a beat on the top and bottom lines. The company generated $184.6 million in revenue during the fourth quarter. That beat analysts’ expectations for ... Read the Full Story |
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Technology | | Broadcom Price Resets After Earnings Beat
Shares of Broadcom (NASDAQ:AVGO) took a hit in the after-hours market following the release of its earnings report. Once again what we have is a case of when really good is not good enough. The problem is one we’ve been seeing across the market and is... Read the Full Story |
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Technology | | Shares of identity and access management company Okta (NASDAQ: OKTA) are in the middle of a heavy slide from last month’s all-time highs. Though they managed to finish off the lows, yesterday’s drop means they’ve now notched a full 25% decline in less than a month. It’s somew... Read the Full Story |
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Retail/Wholesale | |
On the day after Dollar Tree (NASDAQ:DLTR) reported its fourth-quarter 2020 earnings report, the company received two downgrades from analysts. This came just a week after the company received a downgrade from Bank of America (NYSE:BAC). Generally speaking, downgrades are a bad sign because they i... Read the Full Story |
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Markets | | Gap (NYSE: GPS) reported its Q4 2020 earnings yesterday after the bell. The apparel retailer’s fourth-quarter numbers left a lot to be desired, but shares went up more than 3% after hours on a better-than-expected 2021 sales outlook.
The company generated $4.42 billion in fourth-quarter sales... Read the Full Story |
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The Early Bird Stock Of The Day Hyster-Yale, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, it produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names; and designs and produces products in the port equipment and rough terrain forklift markets. Further, the company designs, manufactures, and sells hydrogen fuel-cell stacks and engines. It serves light and heavy manufacturers, trucking and automotive companies, rental companies, building materials and paper suppliers, lumber, metal products, warehouses, retailers, food distributors, container handling companies, and U.S. and non-U.S. governmental agencies. The company was formerly known as Hyster-Yale Materials Handling, Inc. and changed its name to Hyster-Yale, Inc. in June 2024. Hyster-Yale, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio. | | View Today's Stock Pick |
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