Good MorningThe equity market continues to tread water near all-time high levels. While the market appears ready to move higher and set a new all-time high the fear of rising inflation is holding it back. The major hurdle this week is the Consumer Price Index which is scheduled to be released on Thursday. Last month's read of the index came in well above expectations and sent the market into a nosedive. This month consumer inflation should rise by about half a percent but the risk is to the upside. A hotter than expected number will not be good for equities.
The caveat for investors is that any move sparked by the CPI data should be taken with a grain of salt. The summer trading season is already upon us and that means lighter than normal trading volumes. A downturn in prices now will likely become a buying opportunity as the summer wears on.
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Consumer Discretionary | |
One of the best investing strategies is to invest in stocks that are trending. Generally speaking, these are stocks that have strong and growing interest from both retail and institutional investors. Our trending stocks report aims to identify such companies based on the actions and interests of M... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Medical | | Some traders believe that looking at the performance of biotech stocks is one of the best ways to judge what type of market we are in. When we see money flowing into that sector, it tells us that institutional investors are in “risk-on” mode, since biotech stocks are notorious for their ... Read the Full Story |
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Consumer Discretionary | | People that spend a lot of time in the great outdoors instantly recognize the value in the high-quality products that Yeti Holdings (NYSE:YETI) has to offer. Whether it's hunting, fishing, riding on a boat, or just grilling food outside, people need products that they can rely on time and time again... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Medical | |
Pharmaceutical company Biogen (NASDAQ:BIIB) delivered a major win yesterday, launching upward 38.3% with about 17 times normal trading volume taking place. The company landed a win for its aducanumab drug, intended to treat Alzheimer's disease, the first such advance in the field since around 2003... Read the Full Story |
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Markets | |
Chico's FAS (NYSE:CHI), a women's apparel and accessories retailer, surged 6.6% in premarket trading after turning in a solid earnings report and addressing critique from an activist investor. Chico's has kept its momentum going into this morning's trading session as well, though the current word ... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Auto/Tires/Trucks | |
Thor Industries Accelerates To A Triple-Digit Growth Rate
To say that Thor Industries (NYSE: THO) has benefited from the pandemic is a bit of an understatement. The entire RV and camping industry has seen a sustained uptick in business that is not only sustaining itself but accelerating. The pan... Read the Full Story |
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Transportation | |
Multiple Tailwinds Lift Rev Group To New Highs
Rev Group (NYSE: REVG) isn't exactly a pure-play on anything except perhaps specialty vehicles but it's a great play on those. The company makes buses for school and mass transit, safety vehicles for fire departments and hospitals, and recreational v... Read the Full Story |
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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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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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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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