Good MorningThe global equity rally gained momentum last week on the combination of reduced inflation fears and robust labor data. Friday's non-farm payroll report came in at 850000 for 100,000 better-than-expected to post solid job gains for the month. Within that unemployment ticked higher but for a good reason, previously discouraged workers are returning to the labor force. What this means for the market is a clearer path for the FOMC. With inflationary pressures apparently subsiding, and labor markets still strong the Fed has little reason to act.
This week the biggest hurdle for the market will be the FOMC minutes. The minutes from the last meeting will be closely watched for any signs the Fed thinks inflation is getting out of control. The wrong wording within the statement could spook the market and send it into another tailspin.
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Technology | | It’s been a rollercoaster few weeks for the Micron (NASDAQ: MU) team. The Idaho headquartered chip maker has found itself becoming the rope in a tug of war between the bulls and the bears in more ways than one, as shares continue to consolidate and trade sideways. Let’s take a look at so... Read the Full Story |
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Markets | | Drugstore operator Rite Aid Corporation (NYSE: RAD) stock got punished in reaction to its Q1 2021 earnings results which were not so bad. However, the fear of growth slowdown resulting from the reopening trend and the acceleration of COVID vaccinations putting the pandemic in the rearview mirror is ... Read the Full Story |
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Markets | |
I just helped my daughter invest in a robo-advisor the other day (in my name, of course), because she's eight.
I showed her a chart that explained how much she'd earn if she kept her money in the market for 40 years. Needless to say, she's anxiously anticipating her teensy investment to balloon ... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
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Industrials | | There can be no doubt that the likes of Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) have changed the ride-hailing and taxi industry forever. Their technology has disrupted one of the world’s oldest and most constant industries and it looks like it’s only going to continue doing so. For inv... Read the Full Story |
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Consumer Discretionary | | Build-A-Bear Workshop (NYSE: BBW), Futu Holdings (NASDAQ: FUTU), and SilverBow Resources (NYSE: SBOW) are all forming bases after previous rallies.
Areas of price consolidation following a prior run-up often precede a new uptrend.
That’s particularly true of companies with growing revenue ... Read the Full Story |
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Markets | | Global coffee products retailer Starbucks (NYSE: SBUX) stock has been basing in a shallow range setting up for another breakout heading into earnings season. The Company is a reopening play as workers return to the office means more foot traffic at its brick and mortar stores. That coupled with its ... Read the Full Story |
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Markets | |
You work really hard to invest, take control of your assets and plan for the future. You think you're doing just fine with your net worth and managing your assets, then your only living parent passes away.
It could throw a huge wrench into your finances, even if you do receive money from your pa... Read the Full Story |
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Markets | |
When I was a financial advisor, I would regularly get calls from people with nearly nothing invested for retirement, but they were burned out and ready to call it quits.
I recall one case where a woman in her early 60s had already quit her job. She had about $100,000 in a 401(k), owned her home ... Read the Full Story |
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Industrials | | When it comes to stock market indices, the S&P 500 and Dow Jones Industrial Average tend to receive the most attention from the finance community. These indices contain some of the biggest and brightest companies in the world, so it makes sense that they are always in focus. With that said, the ... Read the Full Story |
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Markets | |
This week the major indices continue to push to new highs. The only thing that stood in the way of this bullish trend was the hotly anticipated June jobs report. But with the number of new jobs created beating expectations by a comfortable margin, it appears that investors will have a fantastic In... Read the Full Story |
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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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