Good MorningEquity markets extended recent gains and set new all-time highs on Wednesday following the release of President Biden’s infrastructure spending plans. The plans, worth upwards of $2 trillion, includes a hefty tax increase that is expected to fully fund the deal within 15 years. Wall Street cheered the news despite the thought of higher taxes but the reality may turn into a sell-the-news event.
In other news, the economic data this week has been strong and points to a robust NFP report on Friday. On Wednesday, the ADP Employment report showed the number of new jobs increased by over 500,000 in March and was compounded by an equally strong read on Chicago PMI. The Chicago PMI increased by 7 points to outpace consensus by 6 points and rise to its highest level since 2017.
Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Technology | | Glass and optical technology products producer Corning (NYSE: GLW) stock has been on a tear reaching decade-long highs in March 2021. The Company is a post-pandemic beneficiary of the vaccine rollouts and the acceleration of re-openings. Corning’s Valor glass is used for COVID-19 vaccine vials... Read the Full Story |
|
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. |
|
Markets | |
Call Us Crazy But Bitcoin Will Probably Blow Past $70,000
As crazy as it may sound, especially when looking at Bitcoin’s (BTC) meteoric rise over the past year, but we think there is a very strong case for Bitcoin blowing past $60,000 and $70,000 on its way to hitting $80,000. At the core o... Read the Full Story |
|
Markets | |
Shareholders in Romeo Power (NYSE:RMO) are finding out that electric vehicle (EV) fatigue is a real thing. On the heels of weaker-than-expected revenue shares of RMO stock are plunging nearly 20% in mid-day trading. And shares have plunged 55% since the beginning of the year.
The juice has gone o... Read the Full Story |
|
From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
|
Technology | |
BlackBerry (NYSE:BB) is a company that is still best known to most investors for its iconic pagers and smartphones. But BlackBerry has always been, first and foremost, a software company. And after becoming a stock that’s largely been left for dead by investors, BB stock is beginning to make... Read the Full Story |
|
Basic Materials | |
Hydroponics supplier Hydrofarm Holdings (NASDAQ: HYFM) stock has been a rollercoaster since it public on Dec. 20, 2020. The nation’s largest and oldest independent wholesaler and manufacturer of hydroponics equipment and grow lights faces powerful tailwinds as the marijuana legalization wave... Read the Full Story |
|
From Our Partners | | Analyst Ross Givens says the top AI opportunity right now isn't Microsoft, Google, Amazon, Apple, or Nvidia - it's a small, under-the-radar stock trading for just a few dollars.
This company holds 98 registered patents in voice and sound recognition technology and has secured partnerships with Honda, Netflix, Pandora, and Mercedes-Benz. | | Get the full details on this under-the-radar AI stock now |
|
Basic Materials | | If you are an investor that primarily looks at domestic companies for your portfolio, you are missing out on a whole world of additional opportunities for growth and diversification. International stocks can offer U.S. investors exposure to rapidly expanding economies, lower their geopolitical risk,... Read the Full Story |
|
Technology | |
Secular Tailwinds Will Drive Micron Technologies To New Highs
Shares of Micron Technologies (NASDAQ: MU) are up about 5.0% in early trading following the release of its FQ2 earnings report. The report shows strong growth across both segments driven by a rising tide of demand from several of our ... Read the Full Story |
|
Energy | |
With the first quarter of 2021 in the books, U.S. small cap stocks have almost doubled their return from all of last year. Gradually rising interest rates, inflation concerns, and expectations of a strong economic recovery have provided strong support to the rally.
With these tailwinds expected t... Read the Full Story |
|
Retail/Wholesale | |
Carmax Is A Great Company With Tough Comps
Carmax (NYSE:KMX) reported its Q4 earnings and confirmed a situation we’ve been monitoring closely. The report was good enough but failed to do one thing. The report failed to impress the market, results are only as expected, and the outlook wasn&... Read the Full Story |
|
Markets | |
It might be a little early to call it conclusively, but the recent weakness in the tech sector looks like it might be coming to an end. Investors have been piling into more traditional economic recovery stocks since the end of January as interest rates have spiked. Despite having a stellar 2020, t... Read the Full Story |
|
The Early Bird Stock Of The Day Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut. | | View Today's Stock Pick |
|
