Good MorningThe equity markets got off to a shaky start this week with the S&P 500 falling more than one-half of a percent at the low of the day. The move was sparked by a growing concern the best of the post-pandemic recovery has already been priced into the market. With the second-quarter earnings season fast approaching the risk for the market is that results will not be as good as expected.
Data from The Institute of Supply Management helped to sour the sentiment on Tuesday. The ISM Services index fell to a reading of 60.1 compared to the expectation of 63.3 and gives evidence of slowing activity within the economy. While positive, the fact economic activity is slowing could have a serious impact on earnings in the second half of the year
Featured: After “33X” call, Jon Najarian reveals NEW Tesla prediction… (Ad) 
|
Healthcare | | The healthcare industry was on a strong growth trajectory prior to the pandemic, and that growth has been accelerated substantially over the last year given the circumstances. Some examples of how the sector is receiving a boost include booming demand for medical testing equipment, increasing adopti... Read the Full Story |
|
From Our Partners | | Lance Ippolito, who once managed a multimillion-dollar client book, is unveiling KIRA - the Key Intelligence Research Assistant - an AI engine built to help level the playing field for retail traders.
KIRA blends pattern recognition with financial forecasting. In testing, it has compressed 9, 13, even 24 years worth of market returns into windows of about 48 hours or less, though results vary and losses happen too. | | Get free access to KIRA and see the proof today |
|
Consumer Discretionary | |
It's Been A Hot Year For IPOs
You know it's been a good year for the market because it's been a great year for IPOs. With stock valuations as high as they are, there've been record numbers of companies coming to market to cash in. The companies we’re highlighting today IPO’d within th... Read the Full Story |
|
Markets | | Mattress and sleep products maker Casper Sleep (NASDAQ: CSPR) stock is slow grinding down as shares continue to sell-off despite raising its Q2 2021 top-line estimates. The maker of direct-to-consumer (DTC) sleep products is improving its supply chain issues as it looks to parlay its pandemic gains ... Read the Full Story |
|
From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
|
Finance | |
An Upgrade May Not Be Enough To Lift American Express
The financial sector including American Express (NYSE: AXP) is expected to be one of the hottest sectors in the second-quarter earnings reporting season. The analyst consensus targets have been rising steadily since the start of the quarter an... Read the Full Story |
|
Technology | |
One potential indicator of a stock’s future performance is the level of stock that insiders are buying. In this context, an insider is an employee of the company, usually, a high-level executive (e.g. CEO, CFO, COO) or it can be a hedge fund that is providing capital. Their access to non-pub... Read the Full Story |
|
From Our Partners | | Most 401k and IRA plans stick to one menu: stocks, bonds, and index funds, all sourced from the same kitchen, the stock market.
For retirees who need savings to last decades, that limited menu can mean unwanted volatility right when preserving assets matters most.
A free guide breaks down how to look beyond the standard options in your retirement plan. | | Download the free guide to explore your retirement account options today |
|
Technology | | Virtualization and data management company Sphere 3D (NASDAQ: ANY) stock spiked on the announcement of merging with bitcoin miner Gryphon Digital Mining in Q3 2021. The virtualization, HVE converged and hyper-converged infrastructure solutions provider is jumping on the bitcoin bandwagon with a twis... Read the Full Story |
|
Energy | |
$100 Oil is A Real Possibility
With the OPEC+ talks on the skids, oil prices have begun to creep higher again. The biggest expectation from this meeting was for the cartel to agree to an incremental production increase that would add 200 million BPD to supply by the end of the year. In light of t... Read the Full Story |
|
Healthcare | |
These 3 Micro-Caps Are On Watch For Explosive EPS Growth
Microcaps can be attractive for many reasons. One reason is that micro caps can experience explosive growth and turn into small-caps and mid-caps but not all micro caps are destined for such glory. Some microcaps, like the ones we have toda... Read the Full Story |
|
Markets | |
What To Expect From The Second-Quarter Earnings Cycle
With the S&P 500 (NYSEARCA: SPY) second-quarter earnings cycle already underway now is a good time to get a grip on what to expect during peak season. So far 18 S&P 500 companies have reported their earnings with 15 of them outpacing t... Read the Full Story |
|
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 |
|
The Early Bird Stock Of The Day PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
|
