Good MorningEquity markets continue to creep higher but the move appears to be without conviction. The S&P 500 advanced less than 0.2% to set a new all-time high and led by the tech sector. The NASDAQ Composite advanced less than 0.25% and also set a new high.
The risk for the market this week is in the labor data. The non-farm payrolls report is expected to show 700,000 new jobs created in June and will likely miss the consensus figure by a wide margin. The question is whether job creation will be better or worse than consensus? A better-than-expected NFP figure will take some pressure off the Fed and pave the way for future rate hikes while a weaker-than-expected number would back the Fed further into a corner. If the market doesn't like what it sees rest assured the major indices will fall.
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Auto/Tires/Trucks | |
GreenPower Motor Company On Verge Of Breakout Year
GreenPower Motor Company (NASDAQ: GP), as small as it is, has got something that most other EV startups don't have. The company has orders, production, deliveries, and more importantly, revenue and even positive earnings. What it also has is a fo... Read the Full Story |
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From Our Partners | | MP Materials jumped 111% in one week. Lithium Americas surged 194% in two weeks. Trilogy Metals climbed 211% overnight. Those were the small plays - grants measured in millions from Trump's National Energy Dominance Council.
Now $5 trillion is on the table to rebuild the American power grid, and one company is positioned at the center of the largest infrastructure project in U.S. history. | | See the company at the center of the $5 trillion rebuild |
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Finance | | The first few months of performance for Coinbase (NASDAQ:COIN) stock following its public debut is a reminder of just how difficult IPO investing can be. The cryptocurrency-focused financial technology company was one of the most anticipated IPOs of the year, yet the stock is down over 20% since it ... Read the Full Story |
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Finance | | The news last week that all 23 major banks passed the Fed’s stress tests sent bids immediately flowing into their shares. They all either met or exceeded the minimum capital requirements and as such, the way is cleared for them to reinstate their dividends and share buyback program. Understand... Read the Full Story |
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From Our Partners | | In 1974, Henry Kissinger helped create the U.S.-Saudi Arabia Joint Commission on Economic Cooperation - a little-known arrangement that tied global oil trade to the U.S. dollar for 50 years. On June 9, 2024, it quietly expired.
Garrett Goggin, CFA, CMT, believes this dollar reset could hit stocks, real estate, and retirement accounts hard - with inflation potentially running 10% to 15% for years. He has identified a small group of gold stocks he thinks are positioned to benefit as the dollar system shifts. | | Read Garrett Goggin's full presentation on the dollar reset now |
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Technology | | At the start of each month, we typically see a good share of new money being put to work by both institutional and retail investors. While it can be difficult to speculate on which sectors will receive the most inflows, particularly with so much rotation going on week to week in the market at this t... Read the Full Story |
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Markets | |
Do you expect to inherit the contents of an individual retirement account (IRA)? If you are not the spouse of the individual who died and inherited IRA money, you want to know the new withdrawal rules. For example, if someone in your family (such as a parent, a grandparent, aunt, uncle, sister, br... Read the Full Story |
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From Our Partners | | Your account is not currently signed up for MarketBeat's free Monday morning stock ideas. Our team is going to be releasing an important pick on Monday morning (at 11am ET) and we want to make sure that you are able to see it. | | Add your name to the distribution list here |
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Technology | |
With interest rates still near historic lows, income-oriented investors continue to be challenged by where to find yield. One approach is to shift the bond-stock asset allocation more towards dividend-paying stocks.
This strategy certainly has its merits, but it too has been upended by the impact... Read the Full Story |
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Consumer Discretionary | | Video game maker Take-Two Interactive Software (NASDAQ: TTWO) stock is attempting to rally off its recent lows as post- pandemic tailwinds underscore the stickiness of interactive online gaming. Known widely for its Grand Theft Auto (GTA) franchise, the return to normal trend is not affecting the co... Read the Full Story |
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Markets | |
Analyst ratings are an imperfect science. However, they do reflect the sentiment of individuals who have significant knowledge of a company’s operations. Ratings are done on a scale from 1.00 to 4.00. A score of 4.00 is equivalent to a “strong buy” rating. By contrast a score of ... Read the Full Story |
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Technology | | E-commerce network and solutions platform provider Affirm (NASDAQ: AFRM) stock is rallying off its post-IPO lows as ecommerce continues to flourish in a post-pandemic era as reopenings continue to get underway. The Company provides of payment financing options for purchases from popular brands like ... Read the Full Story |
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Industrials | |
Enerpac Returns To Growth
Enerpac Tool Group (NYSE: EPAC) is fast becoming a dual narrative story. On the one hand, the company's business is accelerating on economic reopening and the resumption of projects and plans paused by the pandemic. On the other hand, the company is well-positioned to be... Read the Full Story |
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The Early Bird Stock Of The Day Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations. It also offers organizational strategy, assessment and succession, leadership and professional development, and total reward services. In addition, the company provides RPO, business project, professional search, and outsource recruiting solutions. Further, the company offers tech-enabled solutions that identify structures, roles, capabilities, and behaviors to drive businesses. It serves public and private companies, and middle market and emerging growth companies, as well as government and non-profit organizations. The company was formerly known as Korn/Ferry International and changed its name to Korn Ferry in January 2019. Korn Ferry was founded in 1969 and is based in Los Angeles, California. | | View Today's Stock Pick |
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