Good MorningStocks ended modestly lower Thursday, with the Dow Jones Industrial Average ending 5-day winning streak as investors awaited the release of the May jobs report. The day was not without its share of volatility. The blue-chip gauge had dropped by more than 260 points at its session low before bouncing back to trade in positive territory. Consumer staples and utilities were the biggest gainers among 11 S&P 500 sectors, while consumer discretionary and tech weighed on the broader market with the NASDAQ slipping around 1%.
News was leaked President Biden was reconsidering his previous proposal to raise the corporate tax rate to 28% from 21%, which had been seen as a major roadblock to winning Republican support for his infrastructure plans. Instead, the report claimed he would recommend a minimum corporate tax rate of 15%.
Still, all eyes are on employment data. ADP posted its closely watched report on private payroll changes for May early in the morning, which showed a better than expected 978,000 jobs were added back last month versus the 650,000 expected. the Labor Department's report on new weekly unemployment claims showed that new filings broke below 400,000 for the first time since March 2020. Roll
The Non-Farm Payroll report will be out ahead of the market open on Friday at 8:30 AM and investors should have more clarity on the economy and market direction. Featured: Sell these "safe" blue chips immediately (Ad) 
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Healthcare | | Even though cannabis stocks have cooled off from their huge rally to start the year, a lot of the bullish narratives about the industry are still in play. With Republican lawmakers pushing for federal legalization in congress and over two-thirds of all states offering medical cannabis at this time, ... 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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Technology | |
Up 24% this year, U.S. small cap stocks as measured by the S&P 600 have doubled the return of their large cap counterparts. Granted, the 1,300% return in popular meme stock Gamestop is part of that. Still, the small cap space is benefitting from expectations of a strong economic recovery and p... Read the Full Story |
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Markets | |
I have a friend who, at 39, you'd definitely consider part of the FIRE movement. He checks his investments daily and then heads off to the pool with his kids for the rest of the day. His situation sounds exactly what you might think of when you think of the Financial Independence, Retire Early (FI... 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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Technology | | Optoelectronics solutions provider Applied Optoelectronics (NASDAQ: AAOI) stock has rebound despite the delays in 5G deployment. The provider of optical fiber laser products to data centers, telcos and internet network infrastructure companies has seen a recovery from the pandemic triggered lows. Wh... Read the Full Story |
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Technology | | It’s hard to ignore some of the moves that are taking place this week in the “meme stocks”, with shares of companies like AMC Entertainment rallying upwards of 90% in a single session. However, since these moves are the product of pure speculation and are not likely to be sustainab... 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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Energy | |
Thinly traded oil drilling gear maker Forum Energy Technologies (NYSE: FET) is up 40% since reporting first-quarter results on May 6.
This is not one of those companies crushing it with earnings and revenue growth. Instead, Forum reported a quarterly loss of $3.95 per share on revenue of $114.5 ... Read the Full Story |
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Consumer Staples | | By almost any measure, J.M. Smucker’s (NYSE:SJM) delivered a solid earnings report. The company beat analysts’ non-GAAP EPS earnings by 23 cents. And Smucker’s also generated revenue of $1.92 billion which beat analysts’ estimates by $40 million.
That would be sweet news fo... Read the Full Story |
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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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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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The Early Bird Stock Of The Day Coty Inc., together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co. brands. The company provides Consumer Beauty segment products primarily through hypermarkets, supermarkets, drug stores, pharmacies, mid-tier department stores, traditional food and drug retailers, and e-commerce retailers under the Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, and Sally Hansen brands. It also sells its products through third-party distributors. The company was founded in 1904 and is headquartered in New York, New York. Coty Inc. is a subsidiary of JAB Beauty B.V. | | View Today's Stock Pick |
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