Good MorningEquity markets started the week strong with the S&P 500 Rising more than 1.3% on Monday. It appears the market is shrugging off the fear of rising inflation that was caused by last week's FOMC meeting. Even so, the risk of inflation is still present and this week poses another threat to the rally. The May personal income and spending data is due out on Friday and with it the PCE price deflator.
Core consumer inflation is expected to have subsided by 0.10% over the last month to 0.6%, the risk is that it will be hotter than expected. A hotter than expected number will increase the expectation for future rate hikes and may put a cap on the rally. If the market likes what it sees, however, it could be off to the races with the S&P 500 moving up to set a new all-time high.
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Markets | | Crude oil has been in a solid uptrend since this time last year, tacking on more than 600% from the crazy days of 2020 when the price of a barrel briefly went down to the single digits. It’s now trading above $70 for the first time since 2018 and unsurprisingly this has had a positive effect o... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Medical | | Germany-based Atai Life Sciences (NASDAQ: ATAI), a biotech backed by Peter Thiel, a founder of PayPal, made its public debut Friday. Shares were priced at $15, the high end of the projected range, with 15 million shares changing hands. All the newly public shares were offered by the company, rather ... Read the Full Story |
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Transportation | |
U.S. small-cap stocks are off to a great year. A sharp economic recovery combined with bullish, "risk-on" market sentiment has been the perfect storm for small-cap outperformance in 2021. Up nearly 22% year-to-date, the S&P 600 small cap index is outpacing its large cap S&P 500 counterpart... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Markets | |
When meme coins surged earlier this year (remember Dogecoin mania?) it might've been easy to dump everything you owned — stocks, bonds, gold — for crypto. Then digital currencies took a nosedive again.
Young retail investors might deem actual coins — including precious metals &... Read the Full Story |
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Consumer Discretionary | | Premium high-performance video gaming products maker Corsair Gaming (NASDAQ: CSRS) stock has recently spiked and sold off hard on the heels of the meme stock momentum. However, a look underneath the hood reveals improving fundamentals and strong tailwinds that can elevate shares from certain price s... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Energy | | Real Asset North American Construction Group Bags Major Project
With inflation on the rise and questions about what to do next in the air, it's time once again to turn towards real assets like North American Construction Group (NYSE: NOA). Real assets include things like commodities, real estate, a... Read the Full Story |
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Markets | | London-based electric vehicle (EV) manufacturer Arrival (NASDAQ: ARVL) stock is trading as a post-special purpose entity corporation (SPAC) reverse merged business combination. As is the normal sequence, shares collapsed after its reverse merger with CIIG Merger Corp. The SPAC boom came and went as ... Read the Full Story |
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Business Services | | Before a company like PayPal (NASDAQ:PYPL) came along, most payments between buyers and sellers were done the old-fashioned way, by physically mailing checks or cash. You can imagine some of the drawbacks of relying on “snail mail” to handle your important financial transactions. Fast fo... Read the Full Story |
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Industrials | |
Plug Power Is The Leader In Fuel Cell Technology
Plug Power (NASDAQ: PLUG) just reported its fiscal Q1 results reaffirming its position as the leader in hydrogen fuel cell technology. While most of the market has been focused on electrification, EV, and self-driving vehicles Plug Power is quietly... Read the Full Story |
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Consumer Staples | |
The Hershey Company A Top Pick At Evercore
Evercore ISI just released a note on consumer staples The Hershey Company (NYSE: HSY). Amongst a host of consumer staples companies with ever-improving fundamentals, Evercore says Hershey's gives the best execution and visibility for the sector. Analyst ... Read the Full Story |
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The Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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