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: Elon’s big $266,000 per second purchase (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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It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Retail/Wholesale | | 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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Auto/Tires/Trucks | | 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 | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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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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Basic 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 | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Auto/Tires/Trucks | |
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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Auto/Tires/Trucks | | 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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Construction | |
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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