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 case for trading fewer setups, not more (Ad) 
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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 |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Retail/Wholesale | |
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 |
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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 |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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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 |
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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 |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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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 |
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Consumer Discretionary | | 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 |
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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 |
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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 |
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Medical | | 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 |
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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 |
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