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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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 | | The largest energy source on Earth contains 50,000 times every oil and gas reserve on the planet combined - and much of it sits beneath the desert near the Grand Canyon.
A drilling crew just hit the DOE's 2035 targets twelve years early, with costs down 50% in 18 months. Google signed on, Gates invested, and the Pentagon made it a priority. One company has been quietly building this infrastructure for sixty years. | | See the company sitting on the biggest energy source on Earth |
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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 | | The AI trade has pushed stocks to record highs, everyone feels good, and retirement accounts look great on paper—that's exactly what makes this moment dangerous. Citigroup Research recently modeled a 38% S&P 500 decline by 2027, not because AI fails, but because it works: as automation rises, white-collar wages weaken, spending slows, and the entire debt-fueled structure holding markets up starts to crack. Your retirement account doesn't need a crash to lose ground—volatility plus rising costs erode savings quietly, and by the time it shows up in your statement, it's already done the damage. | | Learn how to add gold to your IRA tax and penalty-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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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 Qualcomm Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and related products to the United States government agencies and their contractors. The company was incorporated in 1985 and is headquartered in San Diego, California. | | View Today's Stock Pick |
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