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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Auto/Tires/Trucks | | 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 | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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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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Technology | |
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 | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Consumer Discretionary | |
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 | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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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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Business Services | |
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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Retail/Wholesale | |
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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