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.
Featured: Elon’s big $266,000 per second purchase (Ad) 
|
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 |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Auto/Tires/Trucks | |
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 |
|
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 |
|
From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
|
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 |
|
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 |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Retail/Wholesale | | 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 |
|
Medical | |
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 |
|
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 |
|
Services | |
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 |
|
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 |
|
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 |
|
