Good MorningEquity markets tried to shake off Monday’s malaise on Tuesday but weaker than expected housing data put a damper on sentiment. The April read of housing starts and building permits shows the number of housing starts declined nearly 10% with a notable 13% decline in single-family homes. The figures are a sign of the impact of rising lumber prices on the housing market in the face of rising demand and may not bounce back soon.
Wednesday markets will be focused on the FOMC minutes which are scheduled to be released at 2 PM. The minutes are not expected to show much change in terms of FOMC sentiment but may include talk about inflation. If the FOMC makes note of rising inflation it could be the straw that breaks this market’s back.
Featured: MindWalk Holdings Pushes AI Into Pharma Research (Ad) 
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Energy | | Offshore oil and gas drilling giant Transocean (NYSE: RIG) stock is starting to awaken after years of brutal selling from a high of $163 in 2015 to lows of $0.65 in 2020. The global decarbonization movement and migration towards clean energy solutions has not been a favorable environment for the oil... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Finance | | If you aren’t familiar with quarterly 13F filings, they are a quarterly report that needs to be filed by all institutional investment managers with at least $100 million in assets under management. The goal here is to provide transparency and allow all market participants to see what big funds... Read the Full Story |
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Markets | |
I used to work for a higher educational institution, and 403(b)s were all the rage there. I happily invested in the college's 403(b) and stuck to it for 12 years.
Then, when I left my job, I transferred my money from a 403(b) into a traditional IRA. I took another job (a corporate job) and start... Read the Full Story |
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From Our Partners | | In 1974, a quiet deal between Henry Kissinger and the Saudis reshaped America's monetary order overnight, with no announcement and no vote in Congress.
Decades later, the dollar had lost more than 84% of its purchasing power even as millionaire ranks surged into the millions.
Financial reporter Kimi Weintraub sits down to explore a new, largely unnoticed shift in America's monetary system, one tied to executive orders and a reported 13-nation agreement. | | Watch the full interview before the December 14 Miami summit |
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Healthcare | |
iBio (NYSEAMERICAN:IBIO) was one of the more fascinating stocks at the onset of the Covid-19 pandemic. The company already possessed a proprietary system for producing proteins from plants. And in the early days of the pandemic, iBio introduced a vaccine candidate, IBIO-201, with hopes that it cou... Read the Full Story |
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Materials | | Earnings and revenue growth are returning to the steel industry, boosting stocks like Steel Dynamics (NASDAQ: STLD), Nucor (NYSE: NUE) and Arcelor Mittal (NYSE: MT).
We can use the VanEck Vectors Steel ETF (NYSEARCA: SLX) as a proxy for industrywide performance. The ETF, which tracks the NYSEARCA ... Read the Full Story |
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From Our Partners | | When Moonshot AI's new model rattled overnight markets, stocks gapped down 1 percent before the open, and history shows the story doesn't end there.
Between 9 30 and 9 50 AM, Wall Street settles nearly 25 percent of the day's total volume in a single 20 minute window, often revealing market direction for the rest of the morning.
A former money manager breaks down the floor data behind this pattern, including a June 25th session where inflation surged past 4 percent and the market moved just 0.3 percent afterward. | | Watch the full video breakdown before access is taken down |
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Technology | | Optical and photonic products maker Lumentum (NASDAQ: LITE) stock took a hard tumble recently falling (-30%) off its 2021 highs and presenting an opportunistic buying opportunity. The makers of optical and network communications products and commercial laser technology spun-off by the iconic former ... Read the Full Story |
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Consumer Discretionary | | While we know that 2020 was a terrible year for most retailers, investors might be surprised to learn that there are some promising signs coming out of the brick-and-mortar retail space at this time. Earlier this week, we saw April U.S. retail sales come in at $619.9 billion, up 51.2% from a year ag... Read the Full Story |
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Technology | | While the tech heavy NASDAQ index continues to drop, shares of data warehousing company Snowflake (NYSE: SNOW) are going from strength to strength. In a way, it’s business as normal for them. Having IPO’d last September, they rode the wave of risk-on euphoria that was rampant across equi... Read the Full Story |
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Markets | |
Is The Squeeze In Fisker Inc. About To Begin?
We put Fisker Inc. (NYSE: FSR) on watch for a short-squeeze just the day before it released its Q1 earnings and it already looks like the squeeze could be on. The company reported a mixed quarter but one in which outlook was upheld, targets were main... Read the Full Story |
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Consumer Staples | |
There is a saying that life is what happens while you’re busy making other plans. Investors understand all too well the truth behind that statement. Sometimes we can miss out on significant gains in a sector or sectors because we start chasing the shiny object.
In 2020 and into 2021, one o... Read the Full Story |
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The Early Bird Stock Of The Day The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names. The company markets and sells its products to a network wholesaler in the United States, as well as wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other e-commerce retail outlets. It sells its products in Canada, Europe, Israel, Australia, New Zealand, the Caribbean, the Pacific Rim, Mexico, and Central and South America. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts. | | View Today's Stock Pick |
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