Good MorningThe equities market shook off the woes that were ailing them over the weekend and opened strong on Monday. The S&P 500 and NASDAQ Composite lagged in the session, the S&P up about 1.0% at the high of the session and the NASDAQ down about a half percent, but there was obvious strength in the Dow Jones Industrial and Transportation Averages. Dow theorists will be happy to hear that both indices surged to new all-time highs on growing signs of a vigorous economic rebound in 2021.
The bad news is that by the end of the day the S&P 500 had turned negative and the Dow Index lost most of its gains. The technical signals given by the indexes are not good. In all cases, the indices are confirming resistance at key levels that spell trouble over the next few days.
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Markets | | The S&P 500 (NYSEARCA: SPY) is the most widely recognized benchmark index for the U.S. equity markets. However, it is important to understand the make-up of the component stocks and the concentrated sectors. The most heavily weight components are from blue-chip companies in the technology, healt... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Communication Services | |
It was difficult for investors to justify buying travel stocks in 2020 thanks to the fact that their businesses had to bear the brunt of the disruptions caused by the pandemic. With that said, things are changing quickly for their prospects thanks to the widespread distribution of vaccines. While ... Read the Full Story |
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Consumer Discretionary | | The Pullback In XPeng Is Your Chance To Buy
With prices of EV stocks like Xpeng (NYSE:XPEV) falling across the market, it’s hard to keep the big picture in sight. While clouded by rising rates and/or the perception that rates will rise, the EV market is still in its infancy and on the verge o... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
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Healthcare | |
It's time for a celebratory lunch if you're a Del Taco Restaurants (NASDAQ:TACO) investor, because the company just turned in one fantastic quarter. With beats all around, the company proved it was an appetizing play in the fast-casual dining market; though 2020 wasn't always so great for the comp... Read the Full Story |
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Markets | | Green Power Motor, When Two Trends Collide
Green Power Motor (NASDAQ:GP) may be one of the most perfect plays on EV we have ever seen. The company is not only an up-and-comer in the EV industry but also well-positioned for the RV industry as well. On the one hand, we have a revolution in auto manuf... Read the Full Story |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Consumer Discretionary | | Dick’s Is Growing But The Comps Are Getting Harder
There is a reality check going on in the market and Dick’s Sporting Goods (NYSE:DKS) is only another example. The later-reporting company’s, the ones whose Q4 seasons overlap the calendar Q1 period, are foreshadowing a lackluster ... Read the Full Story |
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Consumer Staples | | Costco (NASDAQ: COST) likely isn’t the first name to come to mind when you think of pandemic winners, but the warehouse club’s shares soared 28.2% in 2020 as people stocked up on food and household goods. Costco just completed its third consecutive quarter with 12%+ yoy revenue growth; t... Read the Full Story |
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Consumer Discretionary | |
Peloton’s (NASDAQ: PTON) Relative Strength Index (RSI) score dropped below 30 yesterday for the first time since last March and made more than a few investors sit up. The RSI is one of the most widely used signals that helps investors understand if a stock is overbought (above 70) or oversol... Read the Full Story |
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Technology | |
According to Factset, S&P 500 earnings growth in the first quarter of this year (21.8%) is expected to mark the best growth since the third quarter of 2018. Granted, this growth estimate compares an economy currently in recovery mode to a pandemic plagued Q1 of 2020 but it is nevertheless enco... Read the Full Story |
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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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The Early Bird Stock Of The Day F5, Inc. provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud. It offers unified, security, networking, and application management solutions, such as web app and API protection; multi-cloud networking; application delivery and deployment; domain name system; content delivery network; and application deployment and orchestration. The company also provides application security and delivery products, including NGINX Plus; NGINX Management Suite; NGINX Ingress Controller; NGINX App Protect; BIG-IP Packaged Software; and BIG-IP Systems. In addition, it provides a range of professional services, including maintenance, consulting, training, and other technical support services. F5, Inc. sells its products to large enterprise businesses, public sector institutions, governments, and service providers through distributors, value-added resellers, managed service providers, systems integrators, and other indirect channel partners. It has partnerships with public cloud providers, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company was formerly known as F5 Networks, Inc. and changed its name to F5, Inc. in November 2021. F5, Inc. was incorporated in 1996 and is headquartered in Seattle, Washington. | | View Today's Stock Pick |
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