Good MorningThe equity market started the week on mixed footing following another round of weaker-than-expected Labor data. The May non-farm jobs report came in below expectations for the second month in a row raising serious doubts about the US economy's ability to rebound this summer. If the S&P 500 are unable to fill what is now a record number of open jobs all of the estimates for future earnings growth become meaningless and with them the value of S&P 500 stocks.
The market focus is also on the May read of the Consumer Price Index. The CPI data will be released later in the week and is the most current data on consumer inflation the market has. A hotter than expected number was released in May and cause the market to sell off on fears of rising interest rates. If the CPI data comes in hot again the market could be in for another big sell-off. The current consensus is for a gain of 0.5% from the previous month.
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Technology | | Shares of CrowdStrike (NASDAQ: CROWD) traded higher Monday as cybersecurity is in the spotlight, following ransomware attacks on a meat producer, a pipeline, the Martha’s Vineyard ferry, and other prominent networks.
Even the White House press briefing room on Monday featured an appearance b... 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 | | One of the smartest strategies for successfully managing a long-term investment portfolio is to use the concept of diversification to your advantage. It’s a fairly easy technique to understand, as you don’t want to have all of your investment eggs in one basket. Diversification can help ... Read the Full Story |
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Consumer Discretionary | |
3 Ways To Invest In The Economic Reopening
Believe it or not, the post-pandemic economic reopening is upon us. What this means is more people moving about, going to work, and visiting all those places we’ve longed to visit over the past year. The reopening may take some time to gain moment... 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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Consumer Discretionary | |
Peloton (NASDAQ:PTON) posted a 1.2% gain in premarket trading on the strength of new analysis from Loop Capital. Not only have those gains held into this morning's session, but the company has added further momentum and has surged up 5% in this morning's trading session as of this writing. The big... Read the Full Story |
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Markets | |
Someone might at one point have said to you, "You've got to max out your 401(k)! Such a great idea!"
But is it? Your situation might dictate a completely different approach. For example, let's say you have a lot of high-interest debt. In that case, maxing out your 401(k) might not make the most ... 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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Consumer Discretionary | |
3 Upgrades In e-Commerce Moving The Market Today
Digitization, the Internet, and e-commerce are among the biggest winners of the pandemic. Secular trends that had been growing by double-digits were accelerated to high double-digit and even triple-digit paces. As explosive as the growth was over t... Read the Full Story |
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Markets | |
That mortgage. It sure does hang over your head sometimes, doesn't it? However, with the right mindset and a commitment to pay it off, you can pay off the mortgage early.
It can save you thousands of dollars in the long run if you do decide to make that commitment. Take a look at this example:
... Read the Full Story |
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Energy | | The oil and gas industry has been dealing with monumental challenges since the onset of the pandemic. As global energy demand saw unprecedented declines and the clean energy narrative picked up steam, many investors headed for the exit doors in some of the historically best-performing oil stocks. Wi... Read the Full Story |
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Markets | |
A short trading week is ending on an upbeat note. The catalyst of the moment is a jobs report that came in not too hot and not too cold. For bullish investors, it means that the long-anticipated “V-shaped” recovery may be upon us. But it also means that the Fed is likely to refrain fro... Read the Full Story |
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Industrials | |
Is that a floor I see? That’s the question that ChargePoint Holdings (NYSE:CHPT) investors need to ask themselves?. CHPT stock went north of $40 per share in February, but for many reasons the stock dropped over 50% after the company began trading under the CHPT symbol.
However, after clo... Read the Full Story |
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The Early Bird Stock Of The Day Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services. It also offers voice communications services using voice over internet protocol technology; and broadband communications solutions, such as internet access, data networking, fiber connectivity, video entertainment, and business telephone services to cellular towers and office buildings for business and carrier organizations. In addition, the company provides mobile services; video programming, static IP and business WiFi, voice, and e-mail and security services; sells local advertising across various platforms for networks, such as TBS, CNN, and ESPN; sells advertising inventory to local sports and news channels; and offers Audience App to create data-driven linear TV campaigns for local advertisers. Further, the company offers communications products and managed service solutions; data connectivity services to mobile and wireline carriers on a wholesale basis; and owns and operates regional sports networks and news channels. It serves approximately 32 million customers in 41 states. Charter Communications, Inc.was founded in 1993 and is headquartered in Stamford, Connecticut. | | View Today's Stock Pick |
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