Good MorningThe market tried to set a new high on Monday but struggled throughout the day to make any movement at all. The S&P 500 opened just shy of the all-time high then spent the day hovering below that level to close with a small loss at the end of the session. Technically speaking, the index looks like it is at the peak of a rally that has lasted since last November when the earnings outlook began to turn positive. Now, nearly a year later, the market looks like it is overextending and set up for a major correction.
While the peak of earnings season is over, this week still has quite a few hurdles for the market. There are dozens if not hundreds of small and mid-cap names on the earnings calendar with risk embedded in everyone. The key report for the week comes on Thursday in the form of Disney. If Disney is able to outperform the market expectations it's possible the S&P 500 could move up to set another new all-time high.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
|
Consumer Staples | | Beverage maker Splash Beverage Group (NYSEAMERICAN: SBEV) stock is trading post-3-for-1 split as it uplisted a $15 million IPO on June 11, 2021. The IPO consisted of 3.75 million shares and warrants priced at $4 per share. The warrants are exercisable for one share of common stock at $4.60 per share... Read the Full Story |
|
From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
|
Consumer Discretionary | |
Up almost 35% year-to-date, Foot Locker (NYSE: FL) is one of the top-performing retail stocks of 2021. The run may be just getting started.
A surging digital business and solid inventory practices have the New York-based company on course for sustainable growth as the global economic rebound unfo... Read the Full Story |
|
Markets | | Although cryptocurrencies such as Bitcoin have taken investors on a wild ride in 2021, these intriguing digital assets continue to attract attention and have been recovering nicely from the large sell-off from earlier this year. Bitcoin, in particular, has been looking better in recent weeks as it r... Read the Full Story |
|
From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
|
Markets | |
News outlets have reported that Millennials will become the wealthiest generation in history.
True, the media also tout that Millennials suffer from student loan debt, crashed right into The Great Recession, suffer from wage stagnation and a rising cost of living.
True, those born in the 1980s... Read the Full Story |
|
Consumer Discretionary | |
The Strategic Shift Is Lifting Kandi Technologies
Kandi Technologies (NASDAQ: KNDI) embarked upon a strategic shift last year in the wake of the COVID-19 pandemic. The company's prior focus on off-road vehicles and Ev parts manufacturing wasn't getting the job done so the company turned its atten... Read the Full Story |
|
From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
|
Consumer Staples | |
It's Not Just About Strong Results For Undervalued Tyson Foods
Tyson Foods (NYSE: TSN) just reported a very strong fiscal third-quarter and one that proves the value of the company. Shares are moving higher in the pre-market action on this news and concrete sign the company is undervalued. What w... Read the Full Story |
|
Communication Services | | Streaming platform and hardware provider Roku (NASDAQ: ROKU) stock got pummeled after its Q2 2021 earnings release despite beating and guiding higher. The biggest concern has been its slowing growth rate, especially when trading at nose bleed multiples. However, the fundamentals still remain strong ... Read the Full Story |
|
Markets | |
Think you might want to invest in cryptocurrency? It should be a part of your portfolio: 1. As long as you can afford to lose the money you invest and 2. You’re going to keep it for a long period of time.
Even though it’s a highly volatile asset, you can build wealth by investing in ... Read the Full Story |
|
Markets | | Interactive games and entertainment producer Activision Blizzard (NASDAQ: ATVI) stock was recently punished on its Q2 2021 earnings report presenting an opportunity for prudent investors. The Company leadership appears to have their hands full putting out fires dealing with the damaging allegations ... Read the Full Story |
|
Healthcare | | Companies that are successfully combining healthcare and technology should be at the top of investors' shopping lists at this time, particularly given the way that the medical tech industry is expected to grow going forward. With the global pandemic forcing healthcare providers to adopt new tools an... Read the Full Story |
|
The Early Bird Stock Of The Day Lightspeed Commerce Inc. engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc. The company's cloud platforms are designed interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers' efficiency and insight, and the facilitation of payments. Its platform functionalities include full omni-channel capabilities, point of sale (POS), product and menu management, employee and inventory management, analytics and reporting, multi-location connectivity, order-ahead and curbside pickup functionality, loyalty, and customer management solutions. The company also offers tailored financial solutions, such as Lightspeed Retail, Lightspeed eCommerce, Lightspeed Restaurant, and Lightspeed B2B solutions. In addition, it sells hardware, including tablets, customer facing displays, receipt printers, networking hardware, cash drawers, payment terminals, servers, stands, bar-code scanners, and an assortment of accessories, as well as provides installation and implementation services. The company was formerly known as Lightspeed POS Inc. and changed its name to Lightspeed Commerce Inc. in August 2021. Lightspeed Commerce Inc. was incorporated in 2005 and is headquartered in Montreal, Canada. | | View Today's Stock Pick |
|
