Good MorningThe markets got off to a solid start on Thursday with most major indexes up nearly a full percent at the high of the day. Better than expected earnings from Whirlpool, Tractor Supply Company, and AT&T helped lift sentiment as did a better-than-expected jobless claims report. The number of new jobless claims fell unexpectedly to a new low as hiring activity ramps up. The good news was spoiled, however, later in the day when President Biden announced a new tax plan.
In his new plan, President Biden will tax capital gains on wealthy individuals to nearly 40% in fulfillment of a campaign pledge. The news caused the markets to about-face and shed nearly 1.0% by the end of the session. If the market can’t shrug off this new development a much deeper correction could be in store. The risk now is that stock selling will accelerate on Friday and leave the index below its most recent support.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Materials | | The fact that the price of gold hasn’t rallied with so much money being added to the economy is one of the more puzzling developments in financial markets this year. This shiny yellow metal is a commodity that is typically considered to be a smart way to hedge against inflation and has seen it... 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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Healthcare | | Align Technology (NASDAQ: ALGN), HubSpot (NYSE: HUBS) and Trex (NYSE: TREX) are setting up in healthy areas of price consolidation, which may set the stage for fresh run-ups.
One proven strategy for grabbing a stock at the beginning of a run-up is by tracking its base. It’s frustrating for in... Read the Full Story |
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Finance | | Are you familiar with the term “alternative asset manager” and the company Blackstone Group (NYSE:BX)? An alternative asset manager invests in things that average investors typically don’t have access to. Some examples include private equity or venture capital, hedge funds, distres... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Consumer Discretionary | | The world’s largest airport duty-free retailer Dufry AG (OTCMKTS: DUFRY) stock has been recovering from the resurgence in airline travel stemming from the vaccine rollouts driving further re-openings. Shares got pummeled during the pandemic along with the airlines. While share have rallied, th... Read the Full Story |
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Consumer Discretionary | |
With the first half of 2021 quickly nearing its end, we've learned much about which Dow Jones Industrial Average (DJIA) stocks have taken the leadership reins—and which are hanging out in the back of the pack.
This time last year the Dow was down 17% amid the early gloom of the pandemic. So... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Healthcare | |
Healthcare Is Big Business
Whether your interest is pharma, direct care, or the life sciences industry as a whole you have to admit that healthcare is big business. We spend trillions of dollars annually on care, drugs, services, and equipment and that money is flowing right now. The company's ... Read the Full Story |
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Markets | |
Trades placed by corporate insiders happen on a regular basis. But when multiple buy orders take place in a short period of time, it can be a potent sign that those in the know, well, know the company's future is bright. An outsized buy order placed by an executive or director can have a similar e... Read the Full Story |
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Consumer Staples | |
Because Kimberly- Clark (NYSE:KMB) was a pandemic winner, its 2021 earnings will have to be viewed through that lens. What I mean is that the company is expected to post earnings that will be a slight decline from the same quarter in 2020.
Specifically, analysts are forecasting earnings per share... Read the Full Story |
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Markets | |
How to Get Out of $1,000 of Debt Quickly
Did your 2021 start off like mine? We had to put our golden retriever down (I know, the worst!) and replaced the alternator on my van. So, we had a pile of vet bills. My long-suffering husband took care of the van but we still had to buy the new alternator... Read the Full Story |
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Industrials | |
Snap-on Is A Great Play On Recovery
Snap-on (NYSE: SNA) has a lot going for both in terms of its business and the stock. The company is a manufacturer, distributor, and service technician for tools, equipment, and diagnostic devices globally. The company has exposure to the home, housing, indust... Read the Full Story |
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The Early Bird Stock Of The Day Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services. The Energy Transition Materials segment produces and extracts nickel used to produce stainless steel, electric vehicles, and metal alloys; and its by-products, such as gold, silver, cobalt, precious metals, platinum, and others, as well as copper used in the construction sector to produce pipes and electrical wires. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil. | | View Today's Stock Pick |
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