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.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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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 | | Barrick Mining has spent decades building one of the world's great gold districts in Nevada, anchored by Fourmile, Goldrush, and Cortez Hills, a region that could hold as much as 60 million ounces of gold.
Bordering Fourmile and less than a mile from Goldrush sits a little-known explorer now moving from historical data toward active exploration, setting targets and preparing for a maiden drilling program.
With gold trading near record highs, this could be a pivotal stage for an overlooked name in the district. | | See why this overlooked gold explorer could be entering its most important stage |
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Healthcare | | 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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Industrials | |
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 | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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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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Technology | | 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 | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Materials | | 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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Finance | | 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 Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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