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.
Featured: These 5 Stocks Could Power AI’s Next Boom (Ad) 
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Consumer Discretionary | | 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 | | Dr. Martin D. Weiss has publicly predicted six major American market crashes over his 55-year career, each warning issued before the crisis hit.
Now the founder of Weiss Ratings, the only conflict-free rating agency in America, says he is watching a $3 trillion problem that could trigger a chain reaction across markets and banks. | | See Martin Weiss's full warning before this risk spreads further |
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Consumer Discretionary | |
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 | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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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 | | Whitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding - but now he believes he's found something better.
This under-the-radar company sits at the intersection of America's two most important industries, including AI, pays massive dividends, and attracted a famous money manager who put 60% of his multi-billion-dollar fund into it. Tilson is revealing the name and ticker symbol completely free - no credit card or email required. | | Get the stock name and ticker symbol free of charge today |
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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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Markets | |
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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Communication Services | | 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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Consumer Discretionary | | 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 Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing. The company also offers cloud-based industry solutions for various industries; Oracle application licenses; and Oracle license support services. In addition, it provides cloud and license business' infrastructure technologies, such as the Oracle Database and MySQL Database; Java, a software development language; and middleware, including development tools and others. The company's cloud and license business' infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities; and Oracle autonomous database, MySQL HeatWave, Internet-of-Things, digital assistant, and blockchain. Further, it provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services; and consulting and customer services. The company markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. The company has a collaboration with Amdocs Limited to empower customers on their journey towards cloud and digital adoption. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas. | | View Today's Stock Pick |
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