Good MorningMarkets were mixed on Monday as investors continue to dump growth stocks in favor of value, consumer staples, and dividends. The S&P 500 pulled back slightly in Monday action while the tech-heavy NASDAQ Composite shed more than 2.0%. The Dow Jones Industrial Average led the action with a small gain intraday but even it succumbed to the negative vibe by the end of the day. The VIX, the market’s fear gauge, jumped more than 10% for the day and may be on the verge of a major reversal. A reversal in the VIX would be bad for the broad market and could lead to a 20% correction or more.
Investors will be eyeing the data this week for any signs it can give. Important data points due for release include the CPI and PPI inflation indexes on Wednesday and Thursday as well as the April read on Retail Sales. Weak retail sales or strong inflation are both on the table and could send the market heading lower.
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Energy | | The energy sector has certainly been strong in 2021 thanks to a rebound in oil & gas prices and rising demand as the economy recovers from the impacts of the pandemic. You also have recent events like the hacking of a major U.S. pipeline company that could cause supply chain issues across the Ea... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of the world's great gold districts in Nevada, anchored by Fourmile, Goldrush, and Cortez Hills, a region that could hold as much as 60 million ounces of gold.
Bordering Fourmile and less than a mile from Goldrush sits a little-known explorer now moving from historical data toward active exploration, setting targets and preparing for a maiden drilling program.
With gold trading near record highs, this could be a pivotal stage for an overlooked name in the district. | | See why this overlooked gold explorer could be entering its most important stage |
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Consumer Discretionary | |
Workhorse Group Moves Lower On Weak Q1
The Workhorse Group (NASDAQ: WKHS) has had a wild year. The company rocketed to the top of the EV market last year when it went public, it soared to new highs when it became a contender for the USPS lucrative deal, and then it all came crashing down. Not be... Read the Full Story |
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Utilities | |
Duke Energy (NYSE:DUK) continues to charge higher on higher volume after a split result on its earnings report. The utility giant delivered earnings that beat analysts’ expectations. The $1.26 EPS beat estimates for $1.24 and was a 10% year-over-year (YOY) gain. This was particularly signifi... 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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Markets | | Shares of MoneyGram International (NASDAQ: MGI) popped 22.78% Friday, and tacked on another 6.85% Monday, following the money transfer specialist’s first-quarter report.
The company’s main focus is cross-border transactions. For example, a worker in the U.S. with family in another count... Read the Full Story |
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Markets | |
Have you had a tough time getting a credit card due to bad credit or no credit at all?
One way around the problem: Get a secured card, which removes a lot of risk for your credit card issuer.
So, what's the difference between a secured and unsecured card, and should you get a secured card? We'l... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Consumer Discretionary | | Consumer electronics retailer Best Buy (NYSE: BBY) stock has been consolidating in a year-long range for a potential breakout as the Company evolves from a pandemic benefactor to a post-pandemic re-opening play. While other technology-related pandemic winners continues to see sell-offs due to concer... Read the Full Story |
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Healthcare | |
Inovio (NASDAQ:INO) stock is staging a mini-rally over the last five days in advance of what is expected to be a mixed earnings report. Analysts are forecasting negative earnings per share (EPS) of 20 cents. This would be a 23% year-over-year (YOY) increase. On the other hand revenue is expected t... Read the Full Story |
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Markets | |
Rising oil and gas prices have been a much welcome development for energy stock investors. The once forgotten energy sector has gone from laggard in 2020 to leader in 2021 in a dramatic turn of events.
After the S&P 500 energy group tacked on another 8.9% gain last week, several energy compan... Read the Full Story |
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Consumer Discretionary | |
After experiencing a 700% run in less than a year’s worth of trading, shares of Etsy (NASDAQ: ETSY) are learning that what goes up, must come down. Since the last week of April, they’ve fallen as much as 25% and investors and Wall Street alike are sizing up a potential opportunity. Is ... Read the Full Story |
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Consumer Discretionary | |
Kandi Technologies: Mixed Results Today, Outperformance Tomorrow
Kandi Technologies (NASDAQ: KNDI) is quickly emerging as a diversified EV leader with a growing moat. While others are focusing on personal vehicles, delivery, or long-haul this company is differentiating itself in three ways. The ... Read the Full Story |
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The Early Bird Stock Of The Day Schneider National, Inc., together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations. The Intermodal segment provides door-to-door container on flat car services through a combination of rail and dray transportation using company-owned containers, chassis, and trucks. The Logistics segment offers asset-light freight brokerage, supply chain, warehousing, and import/export services to manage and move its customers' freight. The company leases equipment, such as trucks to owner-operators; and provides insurance for the company drivers and owner-operators. Schneider National, Inc. was founded in 1935 and is headquartered in Green Bay, Wisconsin. | | View Today's Stock Pick |
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