Good MorningInvestors got the strong jobs report they wanted on Friday. But the equity markets did not respond as forcefully as investors may have expected. However, the Dow and the S&P 500 still closed at record highs. But the Nasdaq, which includes many of the biggest tech stocks, closed in the red.
Gold and oil were also down for the day. And the yield on the 10-year Treasury note rose to close higher for the first time in five weeks.
The U.S. Labor Department reported that the economy added a net 943,000 jobs in July. That was nearly 100,000 higher than the initial estimate. Other report highlights included a lowering of the unemployment rate to 5.4% and an upward revision to the initially disappointing June number.
This week will bring further debate as analysts are split on how the Federal Reserve will interpret this strong jobs number.
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Communication Services | | Streaming platform and hardware provider Roku (NASDAQ: ROKU) stock got pummeled after its Q2 2021 earnings release despite beating and guiding higher. The biggest concern has been its slowing growth rate, especially when trading at nose bleed multiples. However, the fundamentals still remain strong ... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Markets | |
Think you might want to invest in cryptocurrency? It should be a part of your portfolio: 1. As long as you can afford to lose the money you invest and 2. You’re going to keep it for a long period of time.
Even though it’s a highly volatile asset, you can build wealth by investing in ... Read the Full Story |
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Markets | | Interactive games and entertainment producer Activision Blizzard (NASDAQ: ATVI) stock was recently punished on its Q2 2021 earnings report presenting an opportunity for prudent investors. The Company leadership appears to have their hands full putting out fires dealing with the damaging allegations ... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Healthcare | | Companies that are successfully combining healthcare and technology should be at the top of investors' shopping lists at this time, particularly given the way that the medical tech industry is expected to grow going forward. With the global pandemic forcing healthcare providers to adopt new tools an... Read the Full Story |
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Consumer Discretionary | | Worldwide vehicle parts manufacturer Magna International (NYSE: MGA) stock has been selling off as the electric vehicle (EV) momentum has been cooling off. However, Magna is emerging as the go-to manufacturer for some of the most popular EV makers like Fisker (NYSE: FSR). The Company is already a su... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Markets | |
You know the recipe for becoming a millionaire — invest early and consistently. Make savings a priority.
But there's more to a millionaire mindset than doggedly saving over time. You might have already read about the millionaire mindset and tried to emulate it. It doesn't hurt to repeat th... Read the Full Story |
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Materials | | Nevada-based rare earth miner MP Materials (NYSE: MP) stock has been rebounding with the rise of rare earths materials pricing. The largest operating U.S. miner of rare earth oxides (REO) in the western hemisphere is a pure-play on electric vehicles (EV) and sustainable energy as its magnets supply ... Read the Full Story |
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Communication Services | | While investors certainly have to pay up for quality software stocks, it’s hard to deny that these companies could have the most growth potential in the market. The sector took a hit earlier this year after fears that hot inflation numbers would cause interest rates to increase, but it’s... Read the Full Story |
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Technology | | Every time earnings season rolls around, it’s always a good idea to pay attention to the FAANG stocks and how they perform both before and after their quarterly numbers are released. Not only are these some of the most innovative and fundamentally sound companies in the world, but they also ma... Read the Full Story |
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Consumer Discretionary | |
We often hear about Christmas in July, but for DraftKings (NASDAQ: DKNG) and other gambling stocks, the holiday season arrives in earnest with the arrival of football season. While exact numbers are unclear, an estimated $100 billion is wagered at licensed sportsbooks during the National Football ... Read the Full Story |
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The Early Bird Stock Of The Day BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business. The company was founded in 1908 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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