Good MorningThe S&P 500 edged higher on Monday to set a new intraday all-time high but failed to hold it into the close. The day’s action was light and held within a very tight trading range on the eve of the busiest three days of earnings reporting this quarter. In total, there will be more than 180 S&P 500 companies reporting this week with an equally large percentage of Dow components to boot. If the bulk of reports fail to impress we could see the indices begin corrective action.
Reports on tap include Microsoft, Apple, Amazon, and Facebook among other top names. The biggest risk is that consensus estimates have been on the rise and may have already priced in much of the expected earnings gains. Also on tap are some key reads on the economy as well as the FOMC meeting and announcement. There is no change to policy expected but indications of rising inflation or shifting FOMC sentiment could be bad for equities.
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Technology | |
Cloud-Security Leader Check Point Software Technologies Is A Long-Term Winner
The price action in shares of Check Point Software Technologies (NASDAQ: CHKP) has been very iffy of late. The stock is stuck inside a major trading range and the Q1 results aren’t helping matters. While not bad, ... 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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Technology | | Semiconductor equipment maker KLAC Corporation (NASDAQ: KLAC) stock made new all-time highs of $359.69 on April 5, 2021, as the Nasdaq 100 rallied back from correction territory. The Company is a pandemic and post-pandemic winner. Stay-at-home mandates accelerated the demand for consumer electronics... Read the Full Story |
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Materials | | Most traders and investors tend to gravitate towards mega-cap, technology, and growth stocks thanks to the big upside moves that they are known to make. While those types of stocks are certainly intriguing, you are doing your account a major disservice by neglecting other areas of the market that mi... 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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Industrials | |
We Think UPS Could Hit $240 Quickly
UPS (NYSE: UPS) has been working on a “better not bigger” strategy for several quarters now and those efforts are paying off. The company, also boosted by consumer trends ie eCommerce, has not only weathered the pandemic but also been able to produc... Read the Full Story |
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Consumer Discretionary | |
In its Q4 2020 earnings release, Amazon (NASDAQ: AMZN) announced that legendary CEO Jeff Bezos would step down during Q3 2021 and Amazon Web Services CEO Andy Jassy would take over as Amazon CEO. While Bezos is going to become Amazon’s executive chairman, he will clearly play a smaller role ... 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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Industrials | |
Since spinning off from United Technologies a year ago, Otis Worldwide (NYSE:OTIS) has been one of the hottest industrial stocks. Shares of the iconic elevator company are up over 70% since they began flying solo.
Otis Worldwide kicked off it's one year anniversary as a stand-alone company in sty... Read the Full Story |
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Consumer Discretionary | |
Dorman Products Pulls Back After Robust Quarter
Shares of Dorman Products (NASDAQ: DORM) are pulling back after reporting Q1 results not because results are weak but became the analysts had been expecting a little more. What this means for investors today is a chance to buy into the stock at a l... Read the Full Story |
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Industrials | |
The Analysts Forgot About Lennox
With the boom in housing over the past year we are not surprised to see Lennox (NYSE: LII) YOY growth in the double-digit range. Seriously, the company makes air conditioners and heat pumps. What we are surprised by is the utter lack of activity in the analyst co... Read the Full Story |
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Industrials | | A 5% jump on Friday meant shares of American Airlines (NASDAQ: AAL) were one of the best performing of US equities on the day. It came after a fairly volatile previous 4 days, which saw shares fall as much as 10% before rebounding close to the same amount. Considering the company’s Q1 earnings... Read the Full Story |
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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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The Early Bird Stock Of The Day The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through phone-based customer contact centers. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; securities underwriting, loan syndications, customer-related trading, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement plan fiduciary investment services for institutional clients. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania. | | View Today's Stock Pick |
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