Good MorningThe S&P 500 rebound on Friday to gain more than 1.25% and close the day at a new all-time high. The market shrugged off the threat of higher taxes in favor of earnings and economic data. On the earnings front, with 25% of the S&P 500 reports in the bag, the season is better than expected and coupled with rising guidance.
On the economic front, the Markit Flash PMI readings came in much hotter than expected and at a record high. The data improved on strength in both the services and manufacturing sectors and points to a robust and accelerating economic recovery in 2021. This week, earnings season continues with 181 S&P 500 companies reporting or nearly 40% of the index. If there’s going to be bad news we’ll know it by the end of the week.
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Retail/Wholesale | | Retail department store chain Macy’s (NYSE: M) stock has been consolidating in a tightening range setting up for a potential breakout. The Company was an epicenter stock that suffered drastically during the pandemic as brick-and-mortar stores faced mandated closures and consumers were under lo... Read the Full Story |
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From Our Partners | | SPCX - the largest IPO in history - was predicted to open at $175. It opened at $150. Insiders bought in at a $20 billion valuation; IPO buyers paid $1.77 trillion. The math for 1,000% gains simply isn't there.
But one small publicly traded company - with a $1.5 billion backlog - builds the power infrastructure Musk's Colossus can't run without, and Wall Street hasn't priced it in yet. The last time a stock like this got discovered, it was Vertiv, which ran 1,700%.
Dylan Jovine is giving away the ticker name, free. | | Skip the hype and get the ticker with upside remaining |
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Retail/Wholesale | |
Starbucks (NASDAQ: SBUX) is set to report its fiscal Q2 2021 earnings tomorrow; the coffee giant’s business collapsed in fiscal Q3 2020, but sales have improved each of the last two quarters.
Sales have still declined on a yoy basis in the last two quarters, but Starbucks’ fiscal 2021... Read the Full Story |
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Industrials | | It’s a good sign when a stock finds support at its 50-day moving average, something we’re seeing now with Generac Holdings (NYSE: GNRC), Deere (NYSE: DE) and Popular (NASDAQ: BPOP).
The concept of the 50-day line is very simple: It’s the average of closing prices over the last 50... Read the Full Story |
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From Our Partners | | Jim Rickards believes the Trump administration is about to take a direct stake in a $2 stock sitting on the largest mineral reserve in the country - enough gold for a new Fort Knox, enough copper to rebuild the U.S. electric grid 25 times over.
The Trump administration has previously staked positions in MP Materials, Lithium America, Trilogy Metals, and USA Rare Earth - each time shares moved higher. A landmark policy decision expected before June 30 could reprice this stock from $2 to $20 or more within a year. | | Click here to see why Rickards believes this stock is next |
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Consumer Discretionary | | Iconic Playboy brand owner PLBY Group (NASDAQL PLBY) stock has been on a parabolic squeeze-like rally up nearly 400% in a matter of months riding the non-fungible token (NFT) hysteria. The Company licenses products under the Playboy brand. Most notably, the Company is pursuing opportunities in the N... Read the Full Story |
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Technology | | Trying to buy stocks that have been in a steady downtrend for weeks or months can be a difficult endeavor. Everyone wants to pick the exact bottom, but more often than not bottom fishing can lead to big losses. The truth is that many of these stocks are in downtrends for a reason, whether it has to ... Read the Full Story |
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From Our Partners | | For 67 years, chip-making meant slicing a single silicon wafer into hundreds of pieces. Three companies just abandoned that model entirely, building one giant solid super-chip the size of a dinner plate that already crunches more data in minutes than today's top AI systems handle in days.
Tech forecaster George Gilder - who called the iPhone, Netflix, and Amazon early - believes this technology could make today's AI giants the next BlackBerry. He's identified three specific companies he calls the Trillion Dollar Triangle. | | See the three companies George Gilder is calling the Trillion Dollar Triangle |
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Markets | |
Time To Start Buying Bitcoin Again
With Bitcoin down more than 25%, we’re sure there are no few Bitcoin (CRYPTO: BTC) holders wondering if this is the beginning of the end. What we want to point out is that, historically, every time Bitcoin has corrected it has always bounced back to produ... Read the Full Story |
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Markets | |
The market giveth and the market taketh away. After surging to a record high at the end of last week, the S&P 500 index has had a rough week but is making a game attempt to reclaim its high water mark. A popular sentiment this week is that “the easy gains are gone.” That doesn&rsqu... Read the Full Story |
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Consumer Discretionary | |
Skechers Reports A “Wow” Quarter
Skechers U.S.A (NYSE: SKX) reported what we can only call a “wow” quarter. The Q1 results are an example of everything we like about a growth stock and include sequential growth, YOY growth, record-high revenue, profitability, margin expan... Read the Full Story |
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Consumer Discretionary | | Streaming entertainment specialist Roku (NASDAQ: ROKU) has been shaping a consolidation after pulling back from its February 16 high of $486.72.
Roku is the largest streaming company in North America, selling more smart TVs last year than rivals. Industry analysts believe that dominance will give ... Read the Full Story |
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Auto/Tires/Trucks | | Shares of Ford (NYSE: F) recently had their one-year anniversary of the current rally’s starting point. This is the first consistent march north in years and marks a new departure for the automobile stalwart, whose shares for so long looked consigned to the dust heap of history.
Alongside Fo... Read the Full Story |
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The Early Bird Stock Of The Day Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale. In addition, its platform offering comprise a flexible platform that enables companies of various sizes, locations, and industries to build business workflow and apps with customer; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, an intelligent productivity platform. The company's marketing services enables companies to plan, personalize, automate, and optimize customer marketing journey, connecting interaction, and connected products; and commerce services, which empowers shopping experience across various customer touchpoint, such as mobile, web, social, and stores and provides click-to-code tools that offers customers to build and deploy solutions. Further, its analytics offering includes Tableau, an end-to-end analytics solution for range of enterprise use cases and intelligent analytics with AI models, spot trends, predict outcomes, creates summaries, timely recommendations, and take action from any device; and integration service including MuleSoft, which provides building blocks to deliver end-to-end and connected experiences. Additionally, the company provides data cloud, a hyperscale data engine native to Salesforce; vertical services to meet the needs of customers in industries, such as financial services, healthcare and life sciences, manufacturing and automotive and government; and offers salesforce starter for small and medium-sized businesses. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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