Good MorningThe earnings-driven rally accelerated on Thursday following better-than-expected results from Pepsico and UnitedHealth. Both companies topped their consensus estimates for Q1 revenue and earnings and gave favorable guidance for the year. Shares of UnitedHealth were among today’s leaders with a gain of nearly 4.0% at the end of the session.
Blow-out economic data is also responsible for a portion of the S&P 500’s 1.0% advance and a new all-time high. On the employment front, the weekly jobless claims data came in at the lowest level since March 2020 and is a sign of accelerating improvement in labor market conditions. On the consumer front, Retail Sales rose nearly 10% from the previous month on the combined impact of government stimulus money and strengthening labor market conditions.
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Retail/Wholesale | | Consumer spending is one of the biggest drivers of economic activity and is playing a critical role in the ongoing economic recovery from the pandemic. If people aren’t heading out to spend money on goods and services, businesses will struggle to stay profitable which leads to high unemploymen... Read the Full Story |
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Manufacturing | | Exchange-Traded Funds, or ETFs, offer investors so many different advantages that it’s no wonder they have become such a big part of most people’s portfolios over the past few decades. These financial instruments are a strong alternative to mutual funds thanks to their lower fees and can... Read the Full Story |
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Finance | | Newly public companies are often among the market’s biggest gainers, and Upstart Holdings (NASDAQ: UPST), Inari Medical (NASDAQ: NARI), and Montrose Environmental (NYSE: MEG) are among those on an uptrend since their public-market debuts in 2020.
Companies new to the market tend to attract a... 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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Consumer Discretionary | |
The furniture industry has been one of the most interesting beneficiaries of the pandemic economy and Virginia-based Hooker Furniture (NASDAQ:HOFT) is no exception. The stock went on an eight-month winning streak to close out 2020 and has since showed little sign of slowing down.
Americans have b... Read the Full Story |
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Medical | |
Tailwinds Support UnitedHealth Group
Let's face it, the healthcare industry is growing and supported by government policy and that's why UnitedHealth Group (NYSE: UNH) is moving higher. That and the fact results are topping the analyst's estimates, the company keeps guiding the market higher, and... 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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Medical | |
Vertically integrated cannabis producer and distributor High Tide (OTCMKTS: HITIF) stock is up triple digits on the year. While cannabis investors are familiar with producers like Tilray (NASDAQ: TLRY), cultivation manufacturers like Hydrofarm (NASDAQ: HYFM) and retailers like GrowGeneration (NASD... Read the Full Story |
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Transportation | |
The Rebound In Trucking Is On
The J.B. Hunt Transportation Services (NASDAQ: JBHT) Q1 results prove the rebound in trucking is on. The industry has been in high demand over the last year but struggled to gain momentum until only very recently. The Q1 results are not only better than expected but... Read the Full Story |
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Energy | |
Oil Prices Set To Rise On Growing Demand
Based on the data it sure looks like oil prices are about to move higher. Not only is the world demand picture brightening but production has yet to pick up. The latest inventory data from EIA underscores this statement as it shows not only an acceleratio... Read the Full Story |
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Consumer Discretionary | | Chinese online music platform Tencent Music (NYSE: TME) stock surged to highs of $32.25 on March 23, 2021, before collapsing nearly in half to a low of $16.31 just three days later. Massive selling also occurred in Viacom (NYSE: VIAC) and Discovery Networks (NASDAQ: DISCA) and various Chinese stocks... Read the Full Story |
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Finance | |
Truist Financial (NYSE:TFC) is a super-regional bank that was formerly known as the Branch Banking and Trust Company (BB&T). The bank changed its name after merging with Atlanta-based SunTrust Bank in December 2019. You may recognize the Truist name because, upon completion of the merger, the ... Read the Full Story |
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The Early Bird Stock Of The Day Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app. In addition, the company offers aircraft and passenger handling, ticketing, and maintenance and repair services; and markets car parking, fast-track, airport transfers, attractions, and activities on its website and mobile app, as well as sells gift vouchers. Ryanair Holdings plc was incorporated in 1996 and is headquartered in Swords, Ireland. | | View Today's Stock Pick |
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