Good MorningThe uptrend in equities was confirmed on Friday when the broad market advanced roughly 1% to set a new all-time high. The move was driven by better-than-expected revenue and earnings as well as upwardly revised guidance from a large number of companies reporting during the week. The key takeaway is that economic conditions remain strong despite mounting concerns for inflation. While most S&P comp companies are navigating the inflationary environment successfully there are a few who aren't.
The risks for the market this week are twofold. On one hand, about 20% of the S&P 500 Index is scheduled to report earnings while on the other, we're waiting for the next policy decision from the FOMC. Along with that is a key read on inflation due on Friday that could spook the market. The PCE price index has risen hotter than expected for three months and is accelerating, another month of similar results further cloud the outlook.
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Finance | | The S&P 500 (ASX: SPY) has been making new highs it seems almost every week with a performance of over 16% year-to-date (YTD) in 2021. The question on investor’s minds is how long this strong uptrend can go and where it will go. Despite the fears of inflation, interest rate hikes, overvalu... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Finance | | American Express (NYSE: AXP) Amex was among stocks helping to propel the Dow higher Friday, following a better-than-expected earnings report.
American Express, which comprises 3.23% of the price-weighted index, provides a good illustration of the rebound in business and consumer spending after pan... Read the Full Story |
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Markets | |
Should you blindly sign up for your company's 401(k) plan? No way! Not without some serious consideration, anyway.
It's easy to assume that your employer has your best interests at heart and will "take care of you." However, that's not always the case.
Let's take a look at three signs you'll ne... Read the Full Story |
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Consumer Discretionary | | Entertainment and toy products maker JAKKS Pacific (NASDAQ: JAKK) stock is awakening and recovering as it surges through pre-COVID price levels. The licensor of popular brands like Sonic the Hedgehog, Super Mario Brothers, Apex Legends, Disney (NYSE: DIS) Frozen, Mulan, Princess, and Raya IPs is exp... Read the Full Story |
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Technology | | After this week’s incredible recovery in the market that obliterated any bears who were caught offsides, there are several stocks breaking out to new highs that could be worth a look at this time. Breakouts are always a great way to gauge the overall level of bullishness in the market, which i... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Markets | | Virus cases are up and the market went down, but only for a moment. As the trading week closes out all the major indexes are flirting with record highs buoyed by an earnings season which is delivering as expected. For the moment, inflation fears are abated but that could change when the PCE price in... Read the Full Story |
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Consumer Staples | |
High-Yield Kimberly-Clark Falls Back On Weak Results
Kimberly-Clark (NYSE: KMB) bucked the Q2 earnings trend by reporting weaker-than-expected earnings and guiding the market lower. This news has shares down more than 3% in early trading and they may move lower. While the results and outlook aren... Read the Full Story |
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Technology | | Since consolidating their 2020 gains in the first quarter of this year, shares of Facebook (NASDAQ: FB) have gone on to launch a fresh rally that’s still building up to full steam. The $1 trillion social media giant has seen its stock tack on a solid 40% since early March, and it’s only ... Read the Full Story |
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Transportation | |
It’s more common for long-term investors to rely on fundamental or quantitative analysis—or some combination thereof. But that doesn’t mean technical analysis can’t also be used to guide a buy-and-hold strategy.
One of the most popular way to use technical analysis is to l... Read the Full Story |
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Transportation | |
Shares of Southwest Airlines (NYSE: LUV) finished lower Thursday after the Dallas-based company reported earnings of $0.57 per share on revenue of $4 billion. Revenue beat analysts’ views.
The stock closed at $51.29, down $1.84 or 3.46%.
In its earnings release, Southwest noted that net i... Read the Full Story |
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The Early Bird Stock Of The Day Exelixis, Inc., an oncology company, focuses on the discovery, development, and commercialization of new medicines for difficult-to-treat cancers in the United States. The company offers CABOMETYX tablets for the treatment of patients with advanced renal cell carcinoma who received prior anti-angiogenic therapy; and COMETRIQ capsules for the treatment of progressive and metastatic medullary thyroid cancer. Its CABOMETYX and COMETRIQ are derived from cabozantinib, an inhibitor of multiple tyrosine kinases, including MET, AXL, RET, and VEGF receptors. The company also offers COTELLIC, an inhibitor of MEK as a combination regimen to treat specific forms of advanced melanoma; and MINNEBRO, an oral non-steroidal selective blocker of the mineralocorticoid receptor for the treatment of hypertension in Japan. It develops zanzalintinib, a novel, potent, next-generation oral tyrosine kinase inhibitor (TKI) that targets VEGF receptors, MET and the TAM kinases (TYRO3, AXL and MER); and XB002, a next-generation tissue factor (TF)-targeting ADC, administered via intravenous infusion and composed of a human monoclonal antibody (mAb) against TF that is conjugated to an auristatin-based microtubulin inhibitor (MTI) payload. It has research collaborations and license agreements with Ipsen Pharma SAS; Takeda Pharmaceutical Company Ltd.; F. Hoffmann-La Roche Ltd.; Redwood Bioscience, Inc.; R.P. Scherer Technologies, LLC; Catalent Pharma Solutions, Inc.; NBE Therapeutics AG; Aurigene Discovery Technologies Limited; Iconic Therapeutics, Inc.; Invenra, Inc.; StemSynergy Therapeutics, Inc.; Genentech, Inc.; Bristol-Myers Squibb Company; and Daiichi Sankyo Company, Limited, as well as clinical development agreement with Sairopa B.V. for ADU-1805. The company was formerly known as Exelixis Pharmaceuticals, Inc. and changed its name to Exelixis, Inc. in February 2000. Exelixis, Inc. was incorporated in 1994 and is headquartered in Alameda, California. | | View Today's Stock Pick |
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