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.
Featured: 100% overnight gains? (Ad) 
|
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 |
|
From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
