Good MorningThe equities market rebounded on Wednesday but isn’t out of the woods yet. The market responded favorably to a round of better than expected earnings reports as well as comments from Secretary of the Treasury Janet Yellen walking back her statements from the day before. Tuesday Ms. Yellen said the Fed may need to raise rates to combat an overheating economy, Wednesday she said inflation wasn’t a problem despite growing signs of inflation within the economy.
Investors are closing watching the employment data this week. The ADP report was released on Wednesday and showed nearly 750,000 new jobs were created in April. While strong, the figure was below the consensus estimate and may foreshadow a weaker than expected NFP report on Friday. If the NFP is weaker than expected the market may react favorably due to its impact on the economic outlook, inflation, and interest rates.
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Industrials | | Gig-economy stock Upwork (NASDAQ: UPWK) skidded after reporting better-than-expected first quarter.
Temporary and freelance work was already gaining momentum before the pandemic, and doesn’t seem likely to let up, after job losses in 2020 and widespread changes to the economy.
Nonetheless, ... 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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Industrials | |
Another Solid Quarter For SiteOne Landscape Supply
SiteOne Landscape Supply (NYSE: SITE) is a great company supported by secular trends and growing its business. Not only is the company exhibiting solid organic demand driven by home-improvement and homebuilding trends but it is steadily adding n... Read the Full Story |
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Markets | |
You may feel super overwhelmed by your retirement account options. However, paralysis by indecision can wreak havoc on your future.
Instead of paralysis, imagine feeling complete peace of mind because you know your money will work for you until you want to retire.
Best if You Have a 401(k) Opti... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
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Materials | |
ScottsMirable-Gro A Multi-Branched Investment
We’ve been interested in the ScottsMiracle-Gro (NYSE: SMG) story for 18 months or so and couldn’t be more encouraged by the FQ2 results. The company was able to build on the momentum gained during the pandemic and grow its results to reco... Read the Full Story |
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Consumer Discretionary | |
In true Rocky Balboa fashion, Rocky Brands (NASDAQ:RCKY) has picked itself off the mat and staged a remarkable comeback. Since the pandemic landed an uppercut and sent the stock below $20 for the first time since 2018, Rocky Brands has more than tripled.
The Ohio-based footwear company has been k... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
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Materials | | With Federal Reserve officials continuing to downplay the risk of higher inflation, a lot of investors are dismissing the idea that easy monetary policy is already having big impacts on the stock market. On the other hand, there are already plenty of signs that inflation might be rearing its ugly he... Read the Full Story |
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Communication Services | |
Zillow Group Is More Than A Real Estate Story
Zillow Group (NASDAQ: Z) just reported a very good quarter and one that is supported by so many positive factors we’re not sure where to begin. The company is thriving on the strength in demand from the housing market, both buy-side and sell-si... Read the Full Story |
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Consumer Discretionary | |
Carvana (NYSE: CVNA), an e-commerce platform for buying and selling used cars, is set to report its first-quarter earnings tomorrow after the bell. CVNA shares have been stuck in neutral since the turn of the calendar – rising interest rates appear to be the culprit.
In case you aren’... Read the Full Story |
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Consumer Discretionary | |
Shares of high street fashion retailer Ralph Lauren (NYSE: RL) are approaching a key point in their current rally. Having run up more than 120% in the past twelve months, the stock is starting to touch a strong resistance level set by its previous June 2018 highs. While investors might be wary of ... Read the Full Story |
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Consumer Discretionary | |
A Perfect Storm Lifts Camping World To New Highs
As strong as the trends in the RV industry are, even we’re surprised by Camping World’s (NYSE: CWH) Q1 results. The industry was recently forecast to grow at a 24% rate over last year and set a new high that, quite frankly, is still un... 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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