Good MorningThe correction in equities appears to be over, at least for now. Equity markets fell in the pre-market action on the fallout from Wednesday's FOMC Revelations but Traders and investors were quick to scoop up the bargains. Thursday's action was bolstered by two pieces of better-than-expected economic data as well as a round of much better than expected earnings news from the retail sector.
On the economic front, the weekly jobless claims figure and the Index of Leading Indicators were both better than expected. With employment on the mend and economic activity on the rise, S&P 500 earnings could be far better than expected in the second half of the year. Next week is light on the earnings news but comes with a very key economic report, the monthly Personal Income and Spending data to include the Fed's favored measure of consumer inflation the PCE Price Index.
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Consumer Discretionary | |
On August 19, Bath & Body Works (NYSE: BBWI) delivered its first earnings report since separating from Victoria’s Secret (NYSE: VSCO). Bath & Body Works and Victoria’s Secret were the two signature brands that comprised the company formerly known as LBrands.
Many analysts wer... Read the Full Story |
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From Our Partners | | New drone footage shows a mysterious factory rising at one of Elon Musk's most secure facilities, cleared and built in a matter of weeks.
James Altucher says the site could go live as soon as October 21 and has put together a free presentation explaining what is happening inside and why the timing matters. | | Watch the free presentation before the October 21 deadline. |
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Industrials | | Precision ball bearings manufacturer RBC Bearings (NASDAQ: ROLL) stock has been on a tear in 2021 as the reopening gets underway. Bearing are used in all kinds of products ranging from aircraft, engines, renewable energy, turbines, aerospace and satellite systems and industrial products. Clients inc... Read the Full Story |
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Markets | |
Do you have a junk drawer, garage, pantry, or closet that begs for reorganization?
I'm pretty sure that if I took a photo of my pantry for the world to see, most people would either say, "Yep, that's what mine looks like," or "Um, gross. Do you ever clean?" (We found a bag of rotten potatoes in ... Read the Full Story |
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From Our Partners | | Elon Musk has sat beside President Trump at major events in Beijing, Riyadh, and a White House state dinner with Xi Jinping, one of only two CEOs invited aboard Air Force One.
Porter Stansberry, who called the 2008 General Motors bankruptcy and the 2020 inflation surge before they happened, says Trump has quietly set in motion what he believes is the first US monetary reset since 1974 through executive orders and a 13-nation pact. | | Watch Porter Stansberry's full documentary on the dollar reset now. |
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Consumer Discretionary | | Things weren’t looking so hot for Lowe’s (NYSE: LOW) earlier this week after Home Depot’s same-store sales growth disappointed and fell for the first time in two years during Q2. However, if the price action for Lowe’s stock following the company’s latest earnings relea... Read the Full Story |
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Consumer Discretionary | |
The Retail Sector Gives The Market What It Wants
The retail sector came into sharp focus this week with reports from the bulk of the group. The general trend is that results are better than expected and the companies are guiding the 3rd quarter and the second half of the year higher. Headliners l... Read the Full Story |
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Materials | | There are two ways for investors to approach market volatility depending on their personality and experience level – either reduce risk and play defense or use market dips as an opportunity to scoop up shares of the best stocks at lower prices. It seems like nearly every month this year the ma... Read the Full Story |
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Technology | | 3D printing additive manufacturer Materialise NV (NASDAQ: MTLS) stock has been in a steep fall since peaking out at $87.40 back in February 2021. This is unusual has the 3D printing sector has been on a tear this year with the commercialization and applications of the technology. Additive manufactur... Read the Full Story |
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Technology | |
Strong Tailwinds Support NVIDIA
NVIDIA (NASDAQ: NVDA), and the entire chip industry, has been in the market's crosshairs for months. The growing inventory crisis in the microchip industry is causing supply chain disruptions for many businesses but driving robust revenue gains for chipmakers. Simp... Read the Full Story |
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Industrials | | Professional staffing solutions provider Kforce Inc. (NASDAQ: KFRC) stock has been a benefactor of the jobs boom and the post-pandemic reopening trend. The domestic technology staffing firm is right at the core of the hottest talent segment and operating on all cylinders. The Company is a strong pro... Read the Full Story |
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Markets | |
Can I let you in on a secret?
I'm horribly, helplessly disorganized.
Currently, my desk contains three computers, a gnome from last Christmas, six batteries, an old envelope, a notebook and a flashlight. There's a half-empty mug of tea hanging out on my floor right now, left over from yesterda... Read the Full Story |
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The Early Bird Stock Of The Day A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides commercial water treatment and filtration product; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and electric wall-hung, gas tankless, combi-boiler, and heat pump and solar water heaters. The company offers its products under the A. O. Smith, State, Lochinvar, Hague, Water-Right, Master Water, Atlantic Filter, and Water Tec brands. It distributes its products through independent wholesale plumbing distributors, as well as to retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce channels. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin. | | View Today's Stock Pick |
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