Good Morning Equity markets continue to rebound on Thursday despite the impending threat of rising inflation. The rally may come to an end on Friday however if the PCE price index is hotter than expected. On a technical basis, the S&P 500 set a new high in Thursday's action and looks like it could go higher but there is a risk. The indicators have not yet confirmed the bullish breakout.
The biggest question in the mind of traders now is “how will the market close on Friday?” A down day would confirm resistance at all-time high levels and likely lead to lower markets on Monday. There's not much on the earnings calendar for the next week but the economic calendar is full. Top of the list is the monthly non-farm payroll data due out on Friday and it is once again expected to be a big number.
Featured: 5 dividend stocks worth owning in any market condition (Ad) 
|
Consumer Discretionary | |
Nike Upped Its Game With Direct To Consumer
The Nike (NYSE: NKE) growth story is one that seems to have no end. Over the past year, the company has doubled down on a transformation of its business that includes a heavy focus on direct-to-consumer sales and e-commerce. The results of this transfor... Read the Full Story |
|
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 |
|
Technology | | Even though Cathie Wood’s ARK Invest ETFs haven’t been top performers this year, investors should still be impressed by her keen ability for picking winning stocks over the long term. Wood tends to focus on buying innovative high-growth names on dips, which has been a strategy that is hi... Read the Full Story |
|
Technology | | Snapchat (NYSE:SNAP) shareholders have been on a wild ride in 2021, as the stock rallied to hit all-time highs early in the year only to fall over 30% from its peak. The social networking company is an exciting option for growth investors who are interested in interactive media exposure, although it... Read the Full Story |
|
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 |
|
Consumer Discretionary | | Even as major indexes rallied to new highs, Carnival Cruise Lines (NYSE: CCL) slumped more than 2% after reporting a second-quarter loss of $2 billion.
Cruise lines were among the industries most severely battered by Covid closures last year and early this year.
Could its ongoing progress as man... Read the Full Story |
|
Markets | |
Inflation affects your portfolio right here, right now. You probably already know about the dark side of inflation and how it affects your portfolio (that's why you invest heavily in stocks, right?), but have you really taken the steps to combat it? Let's find out.
What is Inflation?
Inflation m... Read the Full Story |
|
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 |
|
Consumer Discretionary | | Baby, beauty, and personal care products maker The Honest Company (NASDAQ: HNST) stock has been sinking since its IPO debut. The celebrity founder actress Jessica Alba instilled her beliefs for sustainable, natural, and ethical-based products and a Company ecosystem. The Company was created out of a... Read the Full Story |
|
Retail/Wholesale | | Darden Restaurants (NYSE: DRI) gapped up Thursday following the company’s better-than-expected fourth-quarter results.
Not only did the company trounce easy-to-beat year-over-year comparisons, but consolidated results were just 0.5% shy of the same quarter in 2019. That’s a good indicat... Read the Full Story |
|
Markets | |
Rite Aid Implodes Despite CEO Optimism
Rite Aid (NYSE: RAD) reported its fiscal Q1 results and shares are down 15% in the wake of it. At face value, the report looks good and the CEO appears optimistic, the problem lay in the guidance. Despite an expectation for improving revenue and revenue abov... Read the Full Story |
|
Construction | |
KB Home Falls After Weak Q2 Revenue
Shares of KB Home (NYSE: KBH) are down 6% in early trading because the company missed the consensus expectation for revenue. While we don't like to see a company miss the consensus expectation, the expectations were high and the range of estimates broad so we a... Read the Full Story |
|
Business Services | |
Getting Comfortable With Steelcase, Inc
Steelcase's (NYSE: SCS) rebound has been slow to come but come it has and gaining momentum it is. The fiscal Q1 results we're lackluster but hide rapidly improving fundamentals that point to sequential growth, year-over-year growth, and profitability in fis... Read the Full Story |
|
The Early Bird Stock Of The Day Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States. Upon completion of 5 properties currently under development, the Company's portfolio will increase to 59,996 apartment homes in 177 properties. Camden has been recognized as one of the 100 Best Companies to Work For by FORTUNE magazine for 17 consecutive years, most recently ranking #24. | | View Today's Stock Pick |
|
