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.
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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 |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
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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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 |
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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 |
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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 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 |
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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 |
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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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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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