Good MorningThe S&P 500 moved up to set a new all-time high on Thursday gaining about a half percent by the end of the session. The market is getting a lift from growing optimism for earnings and the outlook for economic reopening. The gains were led by the tech sector and Apple which advanced nearly 2.0% to a 6-week high.
Action on Thursday was tempered by the economic data. The weekly unemployment insurance claims fell less than expected leaving the total number of unemployed largely unchanged from the previous week. The data is in contrast to the March NFP and JOLTs report which indicates robust hiring and job availability across the broad spectrum of employers. Next week, market action may take on a different tone with the onset of peak earnings season. The big banks are on tap and could send the S&P 500 to new highs.
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Finance | | Companies that are involved in capital markets play a critical role in finance and economics. Just think about all of the money that flows into and out of the equity and bond markets every single day to grasp the importance of this industry. Capital markets are where savings and investments are move... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Materials | | Cement producer CEMEX (NYSE: CX) stock has been surging on the heels of the housing boom and further accelerated by the prospects of more demand fueled by the Biden infrastructure bill. The stock has been both a pandemic and re-opening play beneficiary. The Company saw a surprising surge in demand f... Read the Full Story |
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Finance | | Given the astounding growth of cryptocurrencies like Bitcoin over the past year, it’s no wonder that the upcoming Coinbase (NASDAQ:COIN) IPO is one of the most anticipated market events of 2021. As the largest U.S. cryptocurrency exchange, Coinbase generates massive revenue from transaction fe... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Discretionary | |
The Market Is Getting Frothy
It’s been only a month since the S&P 500's last 5% correction and 5 months since the last 10% correction but we think another is on the way. Not because of any underlying weakness in the market but because of frothiness. At 21.9X forward earnings, the S&... Read the Full Story |
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Consumer Staples | |
Is Now The Time To Buy WD-40 Company?
Shares of WD-40 Company (NASDAQ: WDFC) are down 15% in the wake of the Q2 results opening up a deep discount into a post-pandemic, economic-reopening winner. The move is driven by sentiment and expectations, expectations that weren’t met, despite a grea... Read the Full Story |
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From Our Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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Consumer Discretionary | |
Levi Strauss & Co Emerge From Pandemic In Smart Fashion
Levi Strauss & Co (NYSE: LEVI) caught our eye in the early spring of 2020 and has since outlived our expectations. The company represents what to us is the next generation of iconic American retailers, those with a strong brand and ... Read the Full Story |
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Markets | | Frenzy in the homebuilding market is sending stocks like Hovnanian Enterprises (NYSE: HOV), Century Communities (NYSE: CCS) and Beazer Homes (NYSE: BZH) to new highs.
A year ago, as businesses shut down over pandemic fears and millions became unemployed overnight, very few would have guessed that ... Read the Full Story |
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Technology | | A 7% jump in Thursday’s session was enough to make shares of Okta (NASDAQ: OKTA) among the best performing of US equities on the day. They’ve now jumped more than 20% in the past month and look to be well on their way to reversing the damage done during last quarter’s correction. T... Read the Full Story |
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Markets | | Media behemoth ViacomCBS (NASDAQ: VIAC) stock had a meteoric rise and violent collapse on the heels of the Archegos forced liquidation margin call selling. Shares collapsed nearly (-60%) in four trading days accelerated by the forced liquidation of nearly $20 billion in VIAC shares. Skeptical invest... Read the Full Story |
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Consumer Staples | |
Lamb Weston And The French Fry Indicator
Lamb Weston (NYSE: LW) is among the very few consumer staples companies that have not had a fantastic post-COVID experience. The company, hampered by its exposure to restaurants and hospitality, saw its revenue drop sharply in the fiscal Q4 period of 2020... Read the Full Story |
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The Early Bird Stock Of The Day Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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