Good MorningAll eyes will be on the personal income and spending data today. The data includes the FOMC's favored measure of consumer inflation and the data could be hot. If the market doesn't like what it sees the index could be in for a big decline despite the Feds assurances inflation is under control. The odd thing about Friday's data is that weaker-than-expected data could be just as bad for the market. If the Fed sees the need to keep adding stimulus to the economy it will only make the next Stock market correction worse.
Next week will be no easy week for the market either, even with the Memorial Day holiday. The q1 earnings season is quickly winding down but there is a raft of economic data at hand. The market-moving reports include the ISM indexes, the Fed's Beige Book, and the all-important monthly employment data. Last month’s NFP data was a big miss so there is a very high expectation for a large number this time around.
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Markets | | Optical and photonics components maker II-VI Incorporated (NASDAQ: IIVI) stock is down nearly (-40%) from its 2021 highs of $101.44 after a nearly 5X run up from its pandemic lows. The maker of industrial optical electronics and laser components is should be getting larger thanks to its upcoming mer... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Markets | | Optoelectronics products maker NeoPhotonics (NASDAQ: NPTN) stock was punished by wide losses and lowered guidance but may be finding a bottom. The Company makes optical transceivers, switches, and coherent transmission products for 100G to 400G applications. Unfortunately, the U.S and global trade s... Read the Full Story |
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Consumer Discretionary | |
Movado Group Incorporated Fueled By Reopening Tailwind
We started to get interested in the Movado Group (NYSE: MOV) a few years ago. The company is a retailer of watches and other consumer discretionary items and its share price had been pulling back from a high. With the share prices falling the... Read the Full Story |
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From Our Partners | | A new tool called Oracle tracks insider bets hidden in the predictions market, flagging which stocks and options could be affected.
During beta testing, Oracle identified notable short-term moves including USO up 39% in four days, PLTR up 43% in a day, and WEN up 67% in two days, all through a regular brokerage account.
See how Oracle spots these hidden insider bets before they make headlines. | | Get free access to Oracle and see the data now |
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Markets | |
Hibbett Sports Hits A Homerun
Hibbett Sports (NASDAQ: HIBB) is a post-pandemic play on retail with a lot going for it. Not only is the company supported by COVID-inspired social distancing and outdoor activities, but it is also supported by the reopening as well. The reopening has two Tailwinds; ... Read the Full Story |
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Communication Services | | It’s safe to say that summer 2021 might be the busiest season of all time for companies in the vacation industry. With tons of pent-up demand thanks to the fact that people have been stuck at home for the better part of the last year, there’s no telling just how much profits companies th... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Staples | |
Dollar Tree (NASDAQ:DLTR) has had a heck of a run over the past year. The discount retailer is among the biggest beneficiaries of our pandemic-driven shopping habits. A wide product assortment including cleaning supplies and PPE along at affordable prices has made it a go-to destination for many c... Read the Full Story |
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Markets | |
I decided to get life insurance last year, right before I did some genetic testing for cancer. I thought carefully about the implications of what a predisposition to cancer could mean for my family.
Initially, I dreaded adding another bill to my family's already ample monthly expenditures, then t... Read the Full Story |
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Consumer Staples | |
Discount stores Dollar Tree (NASDAQ: DLTR) and Dollar General (NYSE: DG) both reported strong first-quarter results early Thursday, but results were met quite differently.
Mid-session Thursday, Dollar Tree shares were down $7.60, or 6.93%, to $100.97.
Dollar General rose $6.37, or 3.19%, to $206... Read the Full Story |
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Consumer Discretionary | |
A Game-Changing Year For Williams-Sonoma
Williams-Sonoma (NYSE: WSM) may be one of the less visible winners of the pandemic but it is well-deserving of its top placement. The company's efforts to establish its brands and build out its e-commerce empire before the pandemic help to position it for ... Read the Full Story |
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Consumer Discretionary | | A 7% gap up off the open in yesterday’s session should tell you all you need to know about Abercrombie & Fitch’s (NYSE: ANF) latest earnings report. For management and investors alike, it was a good day. Shares traded up as much as 15% at one point and though they gave back half of t... Read the Full Story |
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The Early Bird Stock Of The Day Cutera, Inc. provides aesthetic and dermatology solutions for medical practitioners worldwide. It develops, manufactures, and markets energy-based product platforms for medical practitioners; and distributes third-party manufactured skincare products. The company provides AviClear for the treatment of mild, moderate, and severe inflammatory acne vulgaris; Secret PRO, a device that utilizes fractional CO2 for skin resurfacing and radio frequency (RF) microneedling for skin revitalization; truFlex, a bio-electrical muscle stimulation device designs to strengthen, firm and tone the abdomen, buttocks, and thighs; and excel V/V+, a vascular and benign pigmented lesion treatment platform. It also offers truSculpt, a high-powered radio frequency system designed for circumferential reduction, lipolysis, and deep tissue heating and treat all skin types; Secret RF, a fractional RF microneedling device that delivers heat into the deeper layers of the skin using controlled RF energy; and Enlighten SR/III, a laser platform with a dual wavelength for multi-colored tattoo removal, and the treatment of benign pigmented lesions and acne scars. In addition, the company provides Excel HR, a hair removal solution for all skin types; xeo, a multi-application platform for the removal of unwanted hair, treatment of vascular lesions, and skin revitalization by treating discoloration, fine lines, and laxity; and Secret DUO, two dual non-ablative fractional technologies that can be used individually or in combination to target a variety of aesthetic concerns and skin conditions on all skin types with little to no downtime. Further, it offers its products through direct sales and services, and network of distributors and direct international sales. Cutera, Inc. was incorporated in 1998 and is headquartered in Brisbane, California. | | View Today's Stock Pick |
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