Good MorningEquity markets rebounded from Tuesday’s sell-off on Wednesday but have yet to recover their recent highs. The rebound was led by reopening plays on the eve of peak earnings season. The Q1 earnings season kicks into high gear beginning today and the action will be hot for the next two weeks. The risk for the market is that average earnings growth will be tepid compared to the consensus estimate and lead the market into a correction. Earnings reports to watch out for include Intel, Mattel, and Old Dominion Freight Lines.
On the economic front, the outlook remains positive despite increasing signs of rising inflation from S&P 500 companies. Today’s calendar includes key reports on joblessness, housing, and the index of leading indicators any of which may move the market. On Friday, investors will be on alert for the flash PMI readings from Markit and any insight they can give into the global economy. If the S&P 500 is able to set a new high this week it may continue moving higher well into the summer.
Featured: The case for trading fewer setups, not more (Ad) 
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Markets | | We’re accustomed to hearing a lot about the biggest domestic stocks, those most heavily weighted in the S&P 500, but not so much top performers like L Brands (NYSE: LB), The Gap (NYSE: GPS) and Diamondback Energy (NASDAQ: FANG).
There’s actually a good reason why the most heavily we... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Medical | | Pharmaceutical companies are a compelling option for long-term investors to consider at this time, especially given the important role that they continue to play in the global pandemic. The best big pharma stocks offer growth potential thanks to strong pipelines, steady income with dependable divide... Read the Full Story |
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Retail/Wholesale | |
Tractor Supply Company (NASDAQ:TSCO) will report earnings on April 22 before the market opens. The consensus among analysts is for earnings per share of around 96 cents on revenue of $2.43 billion. This would be a lower number from the company’s fourth-quarter 2020 earnings report.
However,... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Finance | |
Throughout stock market history there have been few occasions when the words 'hot' and 'banks' go together, but this is one of those times. With the Dow Jones Regional Banks Index up around 25% year-to-date, regional bank stocks have been among the hottest groups this year.
As the consumer and co... Read the Full Story |
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Technology | |
Verizon Is A Top Pick For High-Yield Investors
We've like Verizon (NYSE: VZ) for the last 18-months to two years for a variety of reasons that include but not limited to value, yield, growth, the consumer, digital, streaming, 5G, and the IoT. While the former makes the stock an attractive buy th... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Basic Materials | |
Nucor (NYSE:NUE) will report earnings before the market opens on April 22. The company is expected to show strong growth from the prior quarter. The consensus of analysts is for the steelmaker to deliver earnings per share (EPS) of $3.08 on revenue of $7.2 billion. The whisper number suggests the ... Read the Full Story |
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Transportation | |
Knight-Swift Transportation Delivers, But A Little Less Than Expected
Knight-Swift Transportation Holdings (NYSE: KNX) reported a good quarter and shares are down because of it. You might think shares are down because of weak guidance but they're not. Possibly because the dividend was cut but it... Read the Full Story |
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Technology | | A 4% jump on a day when most of the market was selling off made shares of IBM (NYSE: IBM) among the best performers in Tuesday’s session. It also means they’re now up more than 15% in just a month, as they start to break out of the sideways range they’d traded in for much of the pa... Read the Full Story |
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Business Services | |
Rising Demand Drives ManpowerGroup Inc To Profits
If you want to know why ManpowerGroup Inc (NYSE: MAN) was able to beat the consensus target you have only to look at the labor data. The labor data has improved significantly over the past two months and points to two things. The first is increas... Read the Full Story |
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Medical | | News catalysts are often behind big stock price moves, and that’s certainly been true for companies like Moderna (NASDAQ: MRNA), Regeneron Pharmaceuticals (NASDAQ: REGN) and Novavax (NASDAQ: NVAX), which make coronavirus vaccines and treatments.
These days, the news items about those stocks ... Read the Full Story |
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The Early Bird Stock Of The Day Viomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and other smart devices, as well as blenders. It also provides a suite of complementary consumable products and small appliances, such as portable fans, rice cookers, water quality meters, water filter pitchers, stainless-steel insulated water bottles, smart toilet, and food waste disposals; and value-added services. The company sells its products directly to consumers through its online platform, Viomi mobile app, and e-commerce channels, including Youpin, JD.com, Tmall, Pinduoduo, and others, as well as offline experience stores. Viomi Technology Co., Ltd has a strategic partnership with Xiaomi Corporation. The company was founded in 2014 and is headquartered in Guangzhou, China. | | View Today's Stock Pick |
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