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 7 Stocks Quietly Gaining Attention Right Now (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 | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Communication 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 | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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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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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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Consumer Discretionary | | 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 Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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