Good MorningEquity markets started the week off strong and look to finish out August on a high note. Fears of rising inflation were put aside in favor of a robust earnings outlook that keeps getting better. The analysts continue to up their targets for the 3rd and 4th quarter reporting cycles leaving the theS&P 500 on track to set new all-time high after a new all-time high in the 2nd half of the year.
The risk for the market this week is the monthly NFP data. The Non-farm Payrolls report is expected to show 720,000 net new jobs added in August, down from the 1 million jobs reported in July. A weaker than expected number would put the FOMC in a corner in regards to policy direction while hot data will seal the deal in regards to tapering. As it stands now, the market is expecting tapering to begin by October if not in September.
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Consumer Staples | |
As Hormel Foods (NYSE: HRL) approaches earnings on September 2, it would be fair for shareholders to wonder “where’s the beef?” With apologies to Wendy’s (NASDAQ: WEN) for appropriating one of their advertising slogans from years back, it serves as a useful jumping-off poin... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Markets | |
I wrote an article not that long ago about long-term care insurance and was blown away by the costs of long-term care. When we talk about personal finance, long-term care must become a part of your planning. If it's not, wow, you could really wreck everything you've worked toward.
Why?
Dependin... Read the Full Story |
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Retail/Wholesale | |
Five Below (NASDAQ: FIVE) is down nearly 10% in the last three sessions ending August 30. With the company due to report earnings on September 1, it’s fair that investors might be wondering why FIVE stock is being treated so roughly. However, with no news about the company, I see this as a g... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Retail/Wholesale | |
When an earnings season winds down, it’s a good chance for investors to take inventory of what opportunities may be available.
Corporate financial results in the second quarter taught us two things. One, the economic recovery is alive and well. And two, there are many companies that are doi... Read the Full Story |
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Technology | |
These 3 Upgrades Are Moving Markets Now
With the second-quarter earnings cycle all but finished there's little to move the market other than analyst sentiment. The analysts are, for the most part, still pushing the S&P 500 outlook higher which means we should expect the index to continue movi... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Technology | | Although the stock market has been seemingly unstoppable in 2021 and continues to hit new all-time highs on a consistent basis, it’s worth noting that September is a seasonally weak month. There’s even a term known as “The September Effect”, which refers to this market anomal... Read the Full Story |
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Technology | |
Investors are still deciding what to do with Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) stocks after the companies received a legal setback. On August 20, a California judge struck down Proposition 22, a California ballot initiative that exempted ride-hailing and some other delivery services from the... Read the Full Story |
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Markets | |
It's Been A Game-Changing Year For Hibbett, Inc.
To say that Hibbett, Inc (NASDAQ: HIBB) had a game-changing year is a bit of an understatement. The company's internal efforts to grow revenues were accelerated by pandemic trends that continue to blow. Revenue growth has long since surpassed the p... Read the Full Story |
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Consumer Discretionary | | With the leaves beginning to fall and the evenings starting to close in, it’s clear that the end of this year’s summer is fast approaching. Leaving aside global events, for equities at least it’s been a good one. The major indices have marched on to fresh highs, Wall Street has shr... Read the Full Story |
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Retail/Wholesale | | 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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The Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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