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.
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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 | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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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 | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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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 | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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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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