Good MorningEquity markets try to stabilize from the blow the FED delivered on Wednesday. The FOMC left its policy unchanged but raised its inflation Target for 2021 and forecast, not one, but three possible interest rate hikes by the end of 2023. This compares to a previous outlook of no interest rate hikes before 2023 and puts the market firmly on a trajectory towards tightening.
The blue-chip Dow Jones Industrial Average lagged in the session while tech names Including the FAANG stocks led the day. Shares of FAANG stocks advanced 1% to 3% with Google setting a new all-time high. With the market Darlings back in the lead it looks like the S&P 500 is about to move up to set a new all-time high. The question now is where will the S&P 500 close out the week, above or below the psychologically important short-term moving average. Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | |
They still have a ways to go yet, but the major cruise ship stocks are steadily reclaiming the territory that was lost in 2020. For any investor that was brave enough to back them to not go out of business during the dark days of February and March of last year, the rewards have been great. Return... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Discretionary | | For a powerhouse company like Amazon (NASDAQ:AMZN) that has revolutionized the way that people shop and delivered incredible earnings performance for the last few quarters, it’s a bit strange that its stock has gone nowhere in the past year. Sure, there have been opportunities if you like to t... Read the Full Story |
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Consumer Discretionary | | While electric vehicle stocks haven’t necessarily been as supercharged as they were during 2020, the long-term bullish narrative surrounding the industry is still intact. With consumer preferences quickly shifting towards EVs and plenty of government incentives in place that should entice driv... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Staples | |
With the major stock indices trading near record highs, more stocks are trading near their 52-week highs than near their 52-week lows. Roughly three out of five S&P 500 stocks are currently within 10% of their respective 52-week highs. A mere 13 stocks are within 10% of their 52-week lows.
By... Read the Full Story |
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Materials | |
A Generational Opportunity And Commercial Metals
Not even a day after analyst Michael Glick of JPMorgan initiated coverage on the steel industry calling it a generational opportunity, Commercial Metals Company (NYSE: CMC) released its calendar Q2 earnings report blowing past all expectations. In ... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Discretionary | |
It’s been a wild ride for electric vehicle (EV) stocks, and Nio (NYSE:NIO) has been no exception. At a quick glance, the 13% drop in NIO stock for 2021 doesn’t look too bad. However, the stock is down approximately double that since reaching a high of over $60 in February. And without ... Read the Full Story |
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Industrials | | Commercial, industrial and automobile HVAC systems maker Modine Manufacturing Company (NYSE: MOD) stock has been rallying solidly on the heels of improving fundamentals post-pandemic. The Company manufactures ventilation and HVAC systems for use in everything from cars, buses, trucks to data centers... Read the Full Story |
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Markets | | Dental products maker SmileDirectClub, Inc. (NASDAQ: SDC) stock continues to underperform as shares still trade below pre-COVID levels. This leaves plenty of “meat on the bones” upside just to get even as the pandemic recovery takes shape. Shares were recently smacked down due to a cyber... Read the Full Story |
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Technology | |
Perfectly Positioned Jabil Inc Exceeds Expectations
In a world play by ramping production, semiconductor shortages, and supply chain issues Jabil Inc (NYSE:JBL) is perfectly positioned. The company is a leader in the field of integrated circuit design and advanced electronics manufacturing making... Read the Full Story |
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Consumer Discretionary | |
Lennar Is A Timely By For The Second-Half
Rising lumber prices, rising mortgage rates, and tepid housing data cast a pall on shares of Lennar Corporation (NYSE: LEN) but that is turning into a buying opportunity. The stock is down about 15% from its recent high but that's about to change. The fis... Read the Full Story |
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The Early Bird Stock Of The Day Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products. The company also provides insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products. In addition, its loans are sourced through branches, centrally-managed direct mail campaigns, and digital partners, as well as its consumer website. The company was incorporated in 1987 and is headquartered in Greer, South Carolina. | | View Today's Stock Pick |
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