Good MorningThis is going to be a tough week for the market. The May non-farm payroll report is due out on Friday and is expected to post a large number, well over 1 million. If the economy fails to add a substantial number of new jobs it will put the budding economic reopening in grave danger. The biggest risk for the economy now is filling the more than 8 million currently open jobs. In light of the fact the S&P 500 is valued based on its forward earnings potential, a failure to fill job openings means a failure to capture projected revenue and earnings and lower prices for stocks.
With the S&P 500 trading just shy of all-time highs the next big hurdle will be to set a new all-time high. If that doesn't happen within the next week or two the market is in danger of forming a double top reversal. A double top reversal is when an index sets to highs of equal or comparable height before ultimately moving much lower. In this case, the S&P 500 could correct up to 20% before hitting bottom.
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Markets | |
Big Lots Is A Shockingly Good Value For Income Investors
We are going to come right out and say it, Big Lots (NYSE: BIG) is such a deep value we are shocked that it is still trading at only 11 times its earnings. Big Lots is no Costco and shouldn't be trading at 38 times earnings but it's at leas... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Consumer Discretionary | | While the summer months in the market are typically known to be less active, there are still plenty of great opportunities for investors and traders looking to add new positions. We are seeing constructive action in all different areas of the market after a small correction, and even some of the bea... Read the Full Story |
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Markets | |
All eyes were on the personal income and spending data that was released on May 28. Markets ticked up slightly after the report showed that personal income dropped by $3.21 trillion (over 13%) in April. Further results showed that real disposable personal income (DPI) dropped over 15% and real per... Read the Full Story |
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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 |
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Consumer Discretionary | | Just in case anyone doubted it, the 7% jump seen in Ford (NYSE: F) shares last Thursday were further proof that the automobile stalwart is back, and potentially better than ever. The stock is now up close to 300% since the lows of April 2020, with 30% tacked on in the last two weeks alone. Much of t... Read the Full Story |
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Markets | |
Headwinds May Keep Costco Shares From Moving Higher
Costco (NASDAQ: COST) is a great company, don't get us wrong. It is one of the biggest beneficiaries of the pandemic, the company is still expected to grow long into the future, and it pays a very safe dividend. The problem that we have with the... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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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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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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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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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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