Good MorningThe stock markets went on a wild ride on Friday to close out a down week for the broad indices. The move was sparked by a much-better-than-expected non-farm-payrolls number that at once spooked and inspired the market. The figure, 379,000, is more than double the consensus expectations and points to a strong economic recovery in 2021. While great news for the economy, the news also solidifies fears of rising inflation and casts a shadow on the outlook.
The S&P 500 was down more than 1% at the low of the day but closed well off of that level. The intraday low put the market briefly in official correction territory before a more-bullish attitude took over the market. By the end of the day, the market had recovered the losses and more but is still not out of the woods. If the broad market S&P 500 can’t reclaim the upper side of the 30-day moving average deeper losses could be in store.
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Consumer Discretionary | |
The Children’s Place (NASDAQ:PLCE) is off to a great start in 2021. After spending most of 2020, meandering at or below pre-pandemic levels, PLCE stock is surging nearly 59% so far this year. And the stock continues to rise on expectation of its March 9 earnings report.
If the whisper numbe... Read the Full Story |
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From Our Partners | | Hall of Fame trader Jon Najarian says this may be the biggest trade of his 40-year career: a tiny 6 billion dollar company making a device tied to Elon's newest venture in private power.
Elon has already built the largest private power network in American industry, proving the model works at scale, while the U.S. grid still needs an estimated 5 trillion dollars in fixes.
Najarian has laid out the full details in a new video breakdown. | | Watch the video now to see which stock Najarian is tracking |
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Consumer Discretionary | |
It's entirely possible that you may never have heard of V.F. Corporation (NYSE:VFC) before, but it's a much safer bet you've heard of its brands. The company behind a range of fashion brands from Timberland to Supreme to The North Face and beyond recently got a boost from the analyst community tha... Read the Full Story |
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Markets | | It’s A New Day For Big Lots
Big Lots (NYSE:BIG) continues to impress us with its resilience in the face of the pandemic. The resilience can be fully attributed to Operation North Star, a nationwide rationalization of business that set it up nicely for the pandemic. Not only were the stores in... Read the Full Story |
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From Our Partners | | The dollar has been steadily losing value, and rising debt plus continued Fed printing could push it lower still.
Alex Reid, a former algo developer who once built trading systems for high-net-worth clients, says the best defense is increasing income rather than waiting for policy fixes.
He is now showing everyday traders how an AI-driven approach helps them spot potential trade opportunities every day. | | See how this AI approach can help you find daily trade opportunities |
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Markets | | Another Wave Of Growth For Hibbett Sports
Sporting goods names like Hibbett Sports, Inc (NASDAQ:HIBB) have been on fire for the last year. The wave of stay-at-home, play-at-home sentiment and socially distanced activity was a game-changer for more names than one. Now, with the pandemic closer to it... Read the Full Story |
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Technology | | For a company that was hitting all-time highs less than two months ago, Qualcomm (NASDAQ: QCOM) has had to watch their shares take a fast escalator down recently. But it’s a testament to the stock’s extraordinary performance in 2020 that even with a 25% drop, shares are only back trading... Read the Full Story |
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From Our Partners | | Last March, Homer City, Pennsylvania watched the biggest power plant in state history come down. The tallest chimney in America folded in seconds.
Just eleven days later, developers announced a 10 billion dollar campus on that exact site, and EQT has already signed on to pipe gas to it.
Dylan Jovine says the same energy story is unfolding in towns across the country. | | Get Dylan Jovine's free map of this energy trend today |
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Markets | | The Nasdaq 100 index (NASDAQ: QQQ) index has been the star performer of 2020 with a 46% performance. However, 2021 is proving to be a difficult year as year-to-date (YTD) performance went red at (-1.6%). The Nasdaq 100 was home to the pandemic winners as stay-at-home mandate and lockdowns spawned th... Read the Full Story |
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Consumer Discretionary | | Tesla (NASDAQ: TSLA) is down -15.26% year-to-date, posting a decline of 11.48% in March. That follows a 14.87% downturn in February.
It’s closed Friday at $597.95, it’s first sub-$600 close since early December.
Tesla’s decline is part of a broader market pullback, particularly a... Read the Full Story |
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Markets | |
Over the last couple of weeks, we've seen the Nasdaq get dragged down by increasing concerns over inflation and Treasury yields. With the tech-heavy index now officially in correction territory many investors are wondering if this is yet another "buy the dip" setup.
While this remains to be seen,... Read the Full Story |
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Finance | |
One of the big questions that investors have on their minds right now is when to start adding shares of technology stocks. While buying the dip in the tech sector has largely been a successful strategy over the last year, sentiment has changed quickly due to concerns about valuations, rising inter... Read the Full Story |
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Consumer Staples | |
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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The Early Bird Stock Of The Day ADT Inc. provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems. It primarily offers security designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal medical emergencies, such as injuries or unanticipated falls. The company also provides automation and smart home solutions that allow customers to use their smart phones, smart phone application, or touchscreen panels in their homes to arm and disarm their security systems; record and view real-time video; and creates customized and automated schedules for connected devices; programs systems to react to defined events; integrates system with third-party connected devices, such as cameras, lights, thermostats, appliances, and garage doors, as well as offers monitoring and maintenance services. In addition, the company offers energy storage solutions, energy efficiency upgrades, and roofing services. It offers its products under the ADT, ADT Pulse, ADT+, and ADT Commercial brand names. The company was formerly known as Prime Security Services Parent, Inc. and changed its name to ADT Inc. in September 2017. ADT Inc. was founded in 1874 and is headquartered in Boca Raton, Florida. | | View Today's Stock Pick |
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