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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Consumer Discretionary | | 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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From Our Partners | | In 1975 the Fed raised rates and gold fell 50 percent. Headlines called the gold bull market dead. Instead gold climbed from 100 dollars in 1976 to 850 dollars by 1980, a 750 percent gain in under five years.
Today the new Fed chair has floated another rate hike, and investors are reacting the same way they did in 1975. Analyst Garrett Goggin, CFA, CMT, founder of Golden Portfolio, says the setup rhymes with that era. | | See the full 1970s to today gold market comparison now |
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Markets | | 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 | | Our research analysts are set to release their next stock idea tomorrow morning just before 12:00 PM Eastern. Don't miss your chance to be the first to see our next stock pick. | | Get The Early Bird's Stock of the Day (Free) |
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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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Healthcare | |
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 | | Everything is lining up for this coin to surge... The Fed is easing. Liquidity is increasing. Trump's pro-crypto policies are accelerating. The GENIUS Act is reshaping the rules for stablecoins. Institutional barriers are falling.
When you get a macro tailwind AND strong fundamentals AND suppressed prices all at once? That's rare. That's the kind of setup I've seen lead to gains of 3,500%... 8,600%... even higher. | | Click here to get all the details. |
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Consumer Discretionary | |
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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Industrials | |
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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Communication Services | | 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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