Good MorningThe June reading of the CPI index came in hotter than expected and the market seems not to care. The index rose 0.7% at the core or 0.2% hotter than expected for a 5.0% year-over-year gain. Even worse, the pace of inflation is accelerating and may Force the Fed’s hand later this year. At 5.0%, inflation is running well above the FOMC's 2% target rate and more than warrants and interest rate hike.
Friday will be another important day for the market. Investors will be eager to see if the indexes can build on Thursday's gains. The S&P 500 jumped about 0.75% to set a new all-time high on Thursday but closed well off the high of the session. If the market fails to follow through on a new high it could signal a period of sideways or downward trading over the summer.
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Technology | | Few companies encapsulated 2020 and the market’s surprising reaction to the pandemic more than Zoom Video (NASDAQ: ZM). Having only IPO’d the previous spring, they came into this new decade close to all-time lows but quickly started realizing their potential once offices shut and employe... Read the Full Story |
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Finance | | Since making its public debut in December, consumer lending platform Upstart Holdings (NASDAQ: UPST) is up 645% from its IPO price of $20.
The stock has already cleared two consolidations in the past six months. That’s a great sign, as it’s advisable for investors to wait until a new I... Read the Full Story |
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Technology | |
After delivering a stellar earnings report on June 2, 2021, DocuSign (NASDAQ:DOCU) stock was gapping up like a meme stock. DOCU stock jumped 20% in after-market and pre-market trading. However, in the next five trading days, the stock has only managed a 3% gain.
This seems fair, Investors may b... 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 | |
You may have already heard of ESG investing, which stands for environmental, social, and governance investing.
Have you ever considered that your portfolio could look even better because you invest in something you have a passion for? I know that I always work harder on things I love, and I'm gu... Read the Full Story |
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Technology | |
Put These Three Micro-Cap Stocks On Your Watchlist
Micro-cap stock Investing isn't for everyone. While micro-cap stocks often offer a discounted entry into many sectors, the stocks also come with outsized risk compared to their larger-cap brethren. But, like they say, with risk comes reward. The ... Read the Full Story |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Consumer Discretionary | |
As pet adoption reached new levels in 2020 so too did pet retailer Chewy (NYSE:CHWY). A growing need to care for our pandemic puppies and COVID kittens led to some terrific results for Chewy and its shareholders.
But after soaring more than 200% last year, Chewy stock has taken a "paws" in 2021. ... Read the Full Story |
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Industrials | |
With U.S. stock indices setting fresh record highs this year, it stands to reason that some stocks are overvalued or due for a correction. Figuring out which ones fall into these categories is the harder part.
One way to gain insight on what stocks are good sell or even short candidates is to loo... Read the Full Story |
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Industrials | | With consistent higher lows being set on their stock’s chart for much of the past year, there’s a lot to like about Delta Airlines (NYSE: DAL) right now. The $30 billion airline major has been riding the reopening wave that’s raised it and its peers a long way above the dark days o... Read the Full Story |
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Materials | | Trying to make sense of all the rotation going on in the market each week is enough to leave your head spinning. It seems like every couple of days there’s a new sector that sees major inflows or outflows, which makes it difficult for retail investors trying to spot clear trends. However, desp... Read the Full Story |
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Markets | |
Last year heralded the case for a robust emergency fund. As people lost jobs left and right due to the COVID-19 pandemic, you probably checked and double-checked your emergency fund (I know I did).
However, have you ever thought about how so much of a good thing can be just that — too much... Read the Full Story |
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The Early Bird Stock Of The Day LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC. | | View Today's Stock Pick |
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