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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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 | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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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 | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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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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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 | | 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 | | 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 GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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