Good MorningThe markets recovered from another swoon last week to bounce from the short-term moving average and set new all-time highs. The swoon was caused by fear of rising inflation, fears that were confirmed by the PCE price index, but the market didn't care. The outlook for earnings continues to be bright and that alone is enough to keep the market moving higher.
This week the focus will be on the non-farm payrolls report slated to be released on Friday. Last month, the US economy added 1 million new jobs including revisions, and that pace is expected for August. The weekly claims data continue to trend lower suggesting lower rates of unemployment as well. Better-than-expected data, or even just data in line with the consensus, could be enough for the market to set another fresh all-time high.
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Consumer Discretionary | | Pet products and services retailer Petco Health and Wellness Company (NASDAQ: WOOF) stock is starting to bottom out amid stellar Q2 2021 earnings results. The Company is gaining traction especially as the pandemic created more pet owners. As a result, the demand for a one-stop shop for all things pe... Read the Full Story |
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Markets | | Clothing and apparel retailer The Gap (NYSE: GPS) stock has been selling off despite a blowout Q2 2021 earnings report and raised guidance for full-year 2022. Consumer apparel retailers were an epicenter casualty during the pandemic which led to digital transformation enabling them to adjust and rea... Read the Full Story |
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Markets | |
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Think of it like this. You have a plan for getting out of your house in the event o... Read the Full Story |
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Industrials | | Whenever a company boosts its dividend payout, the investment world takes notice. That’s because a dividend increase can signal to investors that the company is increasing its cash flows and is in sound financial shape. On the other hand, it might mean that a company is shifting its strategy a... Read the Full Story |
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Consumer Discretionary | |
Peloton (NASDAQ: PTON) stock is dropping the day after it reported lackluster earnings. The company also finds itself in legal trouble as the Department of Justice is subpoenaing the company regarding multiple accidents involving Peloton’s Tread+ treadmill.
Anytime a company faces issues ... Read the Full Story |
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Markets | |
Normally when a company posts a double-digit earnings beat, the stock price follows suit. Workday (NASDAQ: WDAY) beat earnings expectations by 32% in the first quarter. They followed that up by beating profit expectations by 19% in the second quarter. However, on both occasions, WDAY stock fell af... Read the Full Story |
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Consumer Discretionary | |
Movado Group Exceeds All Expectations
Movado Group Incorporated (NYSE: MOV) is a great example of what we've come to love in the post-pandemic market. The company is a manufacturer and retailer of quality and high-end watches, and one whose business has bounced back from the pandemic slump with ... Read the Full Story |
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Consumer Discretionary | | The retail industry is definitely one of the most competitive sectors in the market, which means it's imperative to only invest in either the key players or companies that offer something truly unique to shoppers. There’s also the fact that the global pandemic caused a massive shift in the way... Read the Full Story |
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Markets | |
U.S. small-cap stocks went toe to toe with large caps last year. Both the Russell 1000 and the Russell 2000 indices returned approximately 18% for investors that rode the ups and downs of the unusual year.
This year the story has been different. Small caps have lagged their bigger brethren with t... Read the Full Story |
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Markets | | Unlike many of their peers in the tech and data industry, shares of Splunk (NASDAQ: SPLK) failed to hold onto most of the gains they earned in 2020. To be sure, they rallied out of the pandemic-fueled crash with the best of them starting in March of last year, posting a 140% jump through August 2020... Read the Full Story |
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The Early Bird Stock Of The Day Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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