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’s big $266,000 per second purchase (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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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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Retail/Wholesale | | 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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Medical | | 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 | | 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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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 | | 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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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 Staples | |
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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Aerospace | | 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 Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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