Good MorningThe market tried to rebound on Wednesday but the gains were slim. A number of FOMC members spoke out to try and soothe the market’s fear of rising inflation but to little avail. The market has its eyes set on Friday’s core consumer inflation data end is getting ready to be surprised. The consensus estimate of 0.6% is a little low In light of the May CPI data which showed consumer inflation rising 1% for the month. If the data comes in hot, it could send the market into another tailspin and this time the bottom may not be reached quite so soon.
Among Wednesday's biggest movers were the reopening stocks. Cruise Lines Airlines and hospitality stocks were all up more than 2% intraday with many up more than 2.5% at the height of the session. With economic reopening underway and gaining momentum globally, these stocks can be expected to outperform the rest of the market over the summer. The question now is how good will the results be when the Q2 earnings season rolls around.
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Technology | |
Semiconductor maker Nvidia (NASDAQ: NVDA) slipped in pre-market trade Thursday, following a better-than-expected earnings report for fiscal 2022’s first quarter.
Shares fell $2.70, or 0.43%, to $625.30 ahead of the bell.
The company, which specializes in graphics chips, earned $3.66 per ... Read the Full Story |
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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 |
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Retail/Wholesale | | Unless you have owned a stock for a while ahead of the company’s earnings report, it’s usually smarter to wait until after the release before you initiate a new position. Many traders and investors are attracted to the possibility of cashing in big if a company delivers resoundingly posi... Read the Full Story |
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Business Services | | Shares of ZipRecruiter (NYSE: ZIP) ended their first day of trading at $21.10, up 17.22% from their reference price of $18.
The stock went public with a direct listing, rather than a traditional IPO. It opened at $19.80 and rallied to a session high of $21.69 within its first hour.
It ended the ... Read the Full Story |
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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 |
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Markets | |
I recently became self-employed. (Yes, by choice, not by necessity, though maybe many would question my judgment.)
Like me, have you also just made this hold-onto-your-shorts leap? If so, you probably want to know as much as you can about self-employment tax. (And resist my initial urge to take ... Read the Full Story |
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Retail/Wholesale | |
There's Nothing Not To Like In AutoZone's Q3 Report
We have been consistent supporters of AutoZone (NYSE: AZO) throughout the pandemic. The company's exposure to both the OEM and aftermarket car industry Including the do-it-yourselfers and Commercial Auto Service makes it more than well exposed t... Read the Full Story |
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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. |
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Technology | |
Zscaler, Inc. Still Accelerating, Shares Pop
Zscaler, Inc. (NASDAQ: ZS) emerged as a mega win in 2020. Its position as a cloud-based Internet Security provider made it a go-to company for businesses around the world. Not only did the pandemic accelerate the use of digital it cemented the need fo... Read the Full Story |
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Energy | | Solar energy inverter systems solutions provider SolarEdge Technologies (NASDAQ: SEDG) stock had a volatile 2021 as shares fell (-30%) off its $377 highs made in January 2021. The Company makes smart inverters for photovoltaic (PV) systems for residential and commercial buildings, electric vehicle (... Read the Full Story |
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Retail/Wholesale | | A 4.5% jump in Tuesday’s session was enough to make shares of fast-food burger joint Shake Shack (NYSE: SHAK) among the best performing of US equities on a day when most of the major indices finished lower. Even though shares had traded up as much as 10% at one point before selling into the cl... Read the Full Story |
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Consumer Staples | | Investors based in the United States tend to primarily focus on domestic equity exposure, and rightfully so, as they are more familiar with U.S. companies and their home country’s economy. With that said, there are some compelling things happening outside of U.S. markets that should not be ove... Read the Full Story |
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Energy | | Oil and gas refiner Valero Energy (NYSE: VLO) stock has had a strong 2021 performance with shares up over 30% as COVID-19 vaccinations accelerate the global re-opening. While the global decarbonization movement and adoption towards clean energy and renewables are strong tailwinds, the reality is tha... Read the Full Story |
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The Early Bird Stock Of The Day BIO-key International, Inc. develops and markets fingerprint identification biometric technology and software solutions, and enterprise-ready identity access management solutions for commercial, government, and education customers in the United States and internationally. The company offers BIO-key PortalGuard and PortalGuard IDaaS solutions, a customer-controlled and neutral-by-design cloud-based identity platform that allows customers to integrate with any cloud or on-premises SaaS application, as well as windows device authentication through IAM platform. Its solutions enable its customers to secure their workforces and student populations; and make their partner networks more collaborative. In addition, it provides BIO-key VST and WEB-key products; and Civil and Large-Scale ID Infrastructure solutions that develops finger-based biometric technology. Further, it offers finger scanners for enterprise and consumer markets under SideSwipe, EcoID, and SidePass brand names. The company was formerly known as SAC Technologies and changed its name to BIO-key International, Inc. in 2002. BIO-key International, Inc. was founded in 1993 and is headquartered in Wall, New Jersey. | | View Today's Stock Pick |
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