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: Elon Musk Called a Total Fraud in 2018 - Here's What Changed (Ad) 
|
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 |
|
From Our Partners | | Jeff Brown, founder and CEO of Brownstone Research, says he has uncovered what he calls one of the biggest discoveries of his career tied to the ongoing AI boom.
Brown is pointing to a key date, October 20, and is highlighting five AI-related opportunities outside the traditional stock market that most investors have never heard of. | | Click here to see the full research before October 20 |
|
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 |
|
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 |
|
From Our Partners | | Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal.
Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. | | See Jeff Brown's full analysis on Musk's new AI project |
|
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 |
|
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 |
|
From Our Partners | | MindWalk Holdings (NASDAQ: HYFT) is applying AI to drug discovery, and its customer base already includes 19 of the top 20 global pharmaceutical companies.
The company's HYFT technology maps roughly 660 million biological patterns and 25 billion relationships. Q1 fiscal 2027 revenue hit $3.8 million, with gross margin improving to 59 percent in its fifth consecutive quarter of year-over-year growth.
A new OpenFold3 deployment delivered about 5x faster antibody-antigen inference, and a $30 million revolving credit line, free of warrants or equity conversion, adds fuel for expansion. | | Take a closer look at HYFT before AI reshapes drug discovery. |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
