Good MorningFriday’s jobs report can’t get here soon enough for investors. A substantially weaker-than-expected ADP employment report sent equities broadly lower on Wednesday. The tech-heavy NASDAQ index managed a slight gain. However, the Dow and the S&P 500 both finished solidly in the red.
Investors were already concerned about how the Delta variant would impact the reopening. The early read on private-sector payrolls shows that the worker shortage may be worse than expected.
General Motors added to the sour mood by reporting continued disruption from the global chip shortage that shows no immediate sign of easing.
Investors looking for a bright side can look at Robinhood that soared over 50% for the day. After a lackluster debut in late July, the company known for its namesake trading app has become the new meme stock. Retail investors, along with fund manager Cathie Wood, made HOOD stock a bright spot on an otherwise gloomy day.
Featured: The case for trading fewer setups, not more (Ad) 
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Markets | |
In September 2000, the Employee Benefit Research Institute (EBRI) with the Retirement Security Research Center (RSRC) surveyed 2,000 individuals, aged 62 to 75. Of these individuals, 97% reported being retired (80% reported that their spouses were retired).
According to the study, households fit... 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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Business Services | | Online job recruiter ZipRecruiter (NYSE: ZIP) stock is benefiting from the labor shortage amidst rising employment and wage inflation. The tight labor market is a boon to business as the return to normal means companies are on hiring binges. However, the rising wage pressures and the limited talent ... Read the Full Story |
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Finance | |
Let’s file this under the “what did you think was going to happen?” category. Robinhood (NASDAQ: HOOD) is now a publicly-traded stock that is getting the meme stock treatment from investors.
The newly public stock had trading halted shortly after the market opened due to a lim... 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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Technology | |
Identifying trending stocks is a sound investing strategy. When a stock is trending it generally has strong and growing interest from retail and institutional investors. The MarketBeat trending stocks report aims to identify trending companies based on the actions and interests of MarketBeat reade... Read the Full Story |
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Technology | |
Paycom (NYSE:PAYC) stock was up nearly 9.5% the morning after posting a strong earnings report. The company delivered a 33% year-over-year (YoY) increase in revenue. And with over $500 million in revenue, the company is offering guidance for full-year revenue between $1.036 billion and $1.038 bill... 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 Discretionary | |
A trading strategy built around company earnings reports can be a risky strategy. But of course, with significant risk can come significant returns.
The analyst consensus expectations of revenue and earnings per share (EPS) set the bar but it is often the case the bar gets raised by stronger than... Read the Full Story |
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Retail/Wholesale | | It’s often been said that the time to buy is when there’s blood on the streets, and with shares of Alibaba (NYSE: BABA) falling as much as 40% since last October, it’s not unreasonable to ask if now’s the time to start picking up some shares. While Alibaba’s stock has u... Read the Full Story |
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Markets | |
Feeling kind of sick these days? (And it has nothing to do with airborne viruses?) It might have everything to do with how well you feel financially.
According to research conducted by Personal Capital, "financial wellness" can affect your overall health. Personal Capital's research found that 7... Read the Full Story |
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Markets | |
Although U.S. stock indices continue to climb to new record highs, not all stocks have participated in the rally. In fact, some have trended lower for a variety of reasons from poor financial results to selling pressure applied by doubtful sellers.
Still, with most stocks trending higher along wi... Read the Full Story |
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Markets | |
On the face of it, Marriott International (NYSE:MAR) gave investors a great earnings report. The company posted a resounding beat on earnings and more than doubled its year-over-year revenue; although falling slightly short of analysts’ expectations.
And for a moment, MAR stock looked like... 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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