Good MorningThe equity market is poised to build on gains made in the prior week. The S&P 500 moved up last week to set a new all-time high despite hotter than expected consumer inflation. The CPI index came in at 5.0% year-over-year in acceleration from the prior month but the FED still says inflation is transitory. This week the market has a raft of economic data to digest, any and all of which could derail the rally.
Topping the list is the May read on retail sales, the Producer Price Index, and the June policy decision from the FOMC. the FOMC is not expected to make any changes to policy but may shed some light on tapering Bond purchases and the future of interest rate hikes. As long as the FED appears to be in control of inflation, the equity market should continue to rally.
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Markets | |
I got to thinking about the retirement calculators that automatically pop up when I check my retirement account balances. In my case, I always get a message that says, "You are XX% on track toward your retirement goals."
When you check out an online calculator, you can use them, but remember tha... 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.
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Consumer Discretionary | |
We all know by now that meme stocks aren’t driven by any concerns about fundamentals; however, stocks like Silvergate Capital (NYSE: SI), Aviat Networks (NASDAQ: AVNW) and Denbury (NYSE: DEN) are riding high on the back of exceptionally strong earnings growth.
Typically, investors consider... Read the Full Story |
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Markets | | Steakhouse operator Ruths Hospitality Group (NASDAQ: RUTH) shares have recovered since the pandemic as it peaked off $28.75 highs. The reopening is well underway as the U.S. puts the pandemic in the rearview mirror with the acceleration of COVID vaccinations. With almost all restaurants open and ope... Read the Full Story |
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Consumer Discretionary | | Let’s face it – retail is one of the most competitive industries out there. Consumer preferences are constantly changing and it takes a lot for these types of businesses to earn shoppers’ hard-earned cash. That’s one of the reasons why investing in specialty retail stocks can... Read the Full Story |
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Markets | | Last year, investors witnessed a booming IPO market that saw a record 407 companies make their public debuts. Some of that momentum has clearly carried over into 2021, as we are still seeing tons of new companies issuing shares to the public for the first time. What’s great about the current I... 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.
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Markets | |
Two themes in the market this week were meme stocks and inflation. And yes, despite meme stocks being inflated well beyond any fundamental metric, these are two different themes. By the way, inflation rose sharply but the market seems not to care. In fact, at the moment, the rise in prices is seen... Read the Full Story |
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Consumer Discretionary | |
Sequential Improvement Drives Dave & Buster's To A New High
Dave & Buster's (NASDAQ: PLAY) was not immune to the pandemic. At the height of the pandemic, sales were down more than 85%. For most, that would be a death knell but not for Dave & Buster's. The company’s Brand strengt... Read the Full Story |
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Markets | |
Zedge Hyper-Growth Accelerates To New Highs
Zedge (NYSEAMERICAN: ZDGE) caught our attention last quarter when it reported earnings. The company operates a mobile app that allows users to customize their smartphones including ringtones, wallpaper, icons, and many other features. The company has be... Read the Full Story |
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Markets | |
Look, I get it: Stock trading and stock picking is a lot more fun, interesting, and exciting than discussing “retirement investing.”
Even the term “retirement” sounds sleepy and dull, like something for your grandparents.
Nobody is saying to quit stock picking. But it i... Read the Full Story |
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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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The Early Bird Stock Of The Day Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also provides parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. In addition, the company exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida. | | View Today's Stock Pick |
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