Good MorningMeme stocks took center stage in the Wednesday trading session with AMC leading the way soaring 95% prompting several halts in trading for volatility. Bed, Bath & Beyond was up over 62 % and Blackberry spiked up 32% on heavy trading.
The action on the broader market was a bit more muted as stocks rose slightly on with the S&P 500 hovering near an all-time high. All three indexes are close to record levels. The Dow and Nasdaq are 1.4% and 3.2% below their respective records but struggled for direction ahead of key economic data reports later this week.
Energy stocks again outperformed the broader market on Wednesday as crude prices continued their recent rebound.
Inflation fears, and the ways in which the Federal Reserve might respond, have weighed on sentiment recently. Look for more of the same on Thursday. The U.S. likely added 671,000 non-farm payrolls in May, up from 266,000 jobs added in the previous month, according to economists polled by Dow Jones. After a huge miss, last month on the jobs reports the market is signaling a wait and see position this month. Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | | A quick look at any financial headlines this week makes it clear that there’s a buying frenzy kicking off in the world of meme stocks once again. They grabbed both Wall Street’s and Main Street’s attention for a couple of weeks in January as double and triple percentage daily moves... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Discretionary | | Retail department store chain Kohl’s Corporation (NYSE: KSS) stock recently collapsed in reaction to its blowout Q1 2021 earnings results providing prudent investors an opportunity to reload shares. When a stock tanks after a dramatic upside beat, it’s natural to assume the upside was pr... Read the Full Story |
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Healthcare | | DexCom (NASDAQ: DXCM), which makes glucose monitoring systems, is still slogging through a correction that began in August.
Does that mean the stock is best ignored for now, or does it deserve a place on a watch list, so you’re ready when a new uptrend gets underway?
To answer that question... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | |
Play and entertainment products maker Hasbro, Inc. (NYSE: HAS) shares have been basing in a tightening range throughout 2021 while still trading below pre-COVID levels. As markets look past the pandemic and reopenings continue to accelerate, Hasbro’s key growth driver in a post-pandemic era ... Read the Full Story |
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Markets | |
Think you're totally behind in the college game? Good news: You can still save for college even if your teen will officially become part of the high school crowd in the fall. You still have time on your side!
Take a look at the following benefits for planning ahead for college and the steps you c... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Technology | |
Back in April 2013, things were looking bleak for tech startup Digital Turbine (NASDAQ:APPS). The Austin, Texas-based company had just done a 1-for-5 reverse stock split and was struggling to find its way in the world of e-commerce.
Then the pandemic hit accelerating the adoption of mobile e-comm... Read the Full Story |
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Technology | |
Workday (NASDAQ:WDAY) is down 18% since hitting an all-time high in February. Some of this was due to the overall sell-off in the tech sector. Investors have different priorities in the tech sector and, for now, software companies such as Workday appear to be on the outside looking in.
Sometime... Read the Full Story |
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Consumer Discretionary | |
Shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) gapped higher on May 28 after the discount chain pleased investors with its first-quarter earnings report. The discount chain reported earnings per share of 80 cents which was 26.9% higher than analysts’ expectations of 63 cents. Ollie&rsq... Read the Full Story |
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Industrials | | For many investors, Boeing (NYSE: BA) will always be the one that got away. When equity markets were awash with volatility in February and March of last year, Boeing shares fell more than 70% in less than a month as the market priced in doomsday scenarios that forecasted air travel would grind to a ... Read the Full Story |
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Markets | |
If you’re looking to invest in oil stocks, you should carefully consider these two statements. First, as of June 1, 2021, the price of brent crude is up 37% for the year and is now over $70 a barrel. Second, according to the International Energy Administration (IEA), the share of renewable e... Read the Full Story |
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The Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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