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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Industrials | |
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 | | Gold pays no dividends, no interest, no yield - it just sits there. Yet investors are reportedly collecting up to $1,127 a month from a little-known 15 dollar fund built around it.
This fund turns gold's price swings into cash, paid out every single Friday. | | See exactly how this weekly-paying gold fund works today |
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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 | | Tanker traffic through Hormuz has plunged from 110-130 daily transits to near zero, while 17% of Qatar's LNG capacity remains offline after missile strikes.
Goldman Sachs named the UK the developed economy most exposed to a jet-fuel crunch, citing critically low reserves and a gutted refining base. Dow Chemical has already doubled polyethylene prices overnight.
Garrett Goggin, CFA, CMT, points to four gold miners positioned for what comes next. | | See the four gold miners Garrett Goggin is watching 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 | | Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and stinging losses? Dave Aquino is giving away the exact 11-hour options strategy he uses in volatile markets. You get the plain English blueprint behind the strategy and the very same "rinse and repeat" ticker he's traded nearly 900 times with a 95.3% success rate. It's so simple to understand, you could trade it tomorrow. | | Send me my free guide |
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Communication Services | |
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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Communication Services | | 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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Finance | | 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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