Good MorningEquities rebounded on Thursday on strength in tech and dubious strength in the economic data. The tech-heavy NASDAQ Composite led the day with gains near 2.0% and may continue to lead the market higher on Friday. Shares of market-favorite were among the biggest gainers and up nearly 2.5% at the end of the day. The move could be a sign of bigger gains to come but there are still hurdles to overcome in the days ahead.
On the economic front, jobless claims continue to fall but at a very tepid rate. The latest report still shows upwards of 440,000 first-time weekly claims or more than double the pre-COVID level. Other data on Thursday was equally mixed. The Philly Fed’s MBOS shows expansion within the economy but activity slowed twice as fast as expected. If the data on Friday reveals equally tepid activity Thursday’s market gains could be reversed.
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Consumer Discretionary | | The fourth-largest automaker in the world Stellantis (NYSE: STLA) stock is the product of the $52 billion mergers between Peugeot S.A. and Fiat Chrysler to become a major electric vehicle (EV) powerhouse. The combined company owns popular brands Jeep, Chrysler, Dodge, Alfa Romero, Fiat, Maserati, Pe... 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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Markets | |
Did you know that your credit card falls into a specific category of debt called "revolving" debt and your mortgage goes into a debt category called "secured" debt?
Maybe you really don't care at all — you just know that the debt you have costs you money every month.
However, you may want ... Read the Full Story |
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Communication Services | |
The recent market pullback has spared few stocks. The rich have become a bit less wealthy, and the poor have become poorer.
In some cases, the underperformers of 2021 are former stars that have simply stepped out of the limelight. In other cases, the laggards of 2020 have continued to struggle th... 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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Communication Services | |
Shares of Take-Two Interactive Software (NASDAQ:TTWO) are gapping up after the company reported earnings that exceeded expectations on the top and bottom lines. TTWO stock is up nearly 15% in the last five trading sessions.
Investors may be wondering if there’s any gas left in the tank fo... Read the Full Story |
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Markets | |
The online gaming sector has been among the hottest sectors since the pandemic began. When gamblers were not permitted to enter casinos, they turned their attention online. One of the companies to take advantage of this trend was Golden Nugget Online Gaming (NASDAQ:GNOG).
However, GNOG stock is... 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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Technology | | It’s always exciting to see a company make its public debut, especially when it’s a business that you think has real potential. The IPO process is a big part of what makes investing and financial markets so intriguing, as it allows growing businesses to raise capital and provides a way f... Read the Full Story |
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Technology | | While there’s much more to evaluating a company than simply looking at what it’s trading at, you can actually learn a lot about a stock simply based on its price. For example, stocks that are priced at less than $5 per share are extremely volatile and are companies that have a long way t... Read the Full Story |
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Industrials | |
Shares of Booz Allen Hamilton (NYSE:BAH) stock are struggling to find direction in advance of the company’s earnings report on May 21, 2021. Investors in the data analytics company have had a volatile ride so far in 2021.
One reason for the drop in the stock may very well be the emergence... Read the Full Story |
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Consumer Discretionary | |
Petco Health Is A Buy On Earnings Strength And Outlook
Petco Health (NASDAQ: WOOF) is not a new business but it is a new stock having IPO’d just 4 months ago. That said, it is one of the best-positioned petcare company’s on the market and offers incredibly diversified exposure to the... Read the Full Story |
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Technology | | Wearable components maker Kopin (NASDAQ: KOPN) stock has been in a freefall as the re-opening narrative has sparked a migration away from growth narratives to value. However, Kopin’s narrative is so good, that the sell-off is providing opportunistic buying opportunities for investors that beli... Read the Full Story |
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The Early Bird Stock Of The Day Morningstar, Inc. provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement. The company offers managing investments, including mutual funds, ETFs, separate accounts, collective investment trusts, model portfolios, equities, and fixed income securities; Morningstar Direct is an investment-analysis and reporting platform; Morningstar Advisor Workstation, a suite of tool to provide help and advice. The PitchBook segment provides data and research covering the private capital markets comprising venture capital, private equity, private credit and bank loans, and merger and acquisition activities; and pitchbook platform. It provides model portfolios and wealth platforms; Morningstar Managed Portfolios, an advisor service with model portfolios designed for fee-based independent financial advisors; and Morningstar.com that discovers, evaluates, and monitors stocks, ETFs, and mutual funds; build and monitor portfolios and markets. In addition, the company provides credit ratings, research, data, and credit analytics solutions; Morningstar DBRS which offers securitizations and other structured finance instruments, such as asset-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities, and collateralized loan obligations. Further, it offers managed retirement accounts, fiduciary services, Morningstar Lifetime Allocation funds, and custom models; Morningstar Indexes offers market indexes used for performance benchmarks and as the basis for investment products and other portfolio strategies; and Morningstar Sustainalytics provides environmental, social and governance data, research, analysis, and insights. Morningstar, Inc. was incorporated in 1984 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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