Good MorningEquity markets tried to rebound on Thursday but failed to hold much of the gains. The move was driven by a better than expected weekly jobless claims figure that helped brighten the market’s outlook. The news, as good as it is, was soon discounted however in favor of caution. With inflation on the rise, Friday’s PPI data is the next major hurdle for the market to cross.
Even if the PPI subsides on a month-to-month basis as it is expected to do produced level price increases are still advancing and putting upward pressure on consumer prices. Next week, the market will have to face the latest read on the CPI data and that is where the real risk lay. Consumer Level inflation is what the FOMC is most concerned with so a hot or cold number could really get the market moving.
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Markets | | Have you ever leaned toward your coworker's desk and said, "Psssst. Hey, how much do you save for retirement and what're you invested in?"
When you're working with people who have the same retirement options as you, it's natural to feel curious about what everyone else is doing. Seems innocent, rig... Read the Full Story |
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From Our Partners | | On August 9, the Wall Street Journal profiled a unique AI strategy used by three companies. Whitney Tilson of Stansberry Research says one of them has returned more than Apple, Amazon, and the S&P 500 index combined in recent years.
One well-known Wall Street money manager reportedly has roughly half his entire fund in this stock. Tilson's free write-up names the company and ticker, with no subscription required. | | Click here to see the free stock report now |
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Consumer Discretionary | | Boutique fitness franchisor Xponential Fitness (NYSE: XPOF) stock has been basing for a potential breakout since its recent IPO. The asset-light franchisor has over 1,060 franchisees operating 1,824 open studios. The Company offers customers fitness and wellness workouts which include boxing, dance,... Read the Full Story |
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Technology | | What goes up must come down. Special purpose acquisition companies, or SPACs, have been the poster child for how quickly the market can giveth and taketh away.
Once the darlings of the investing world, most SPAC stocks have taken it on the chin this year following a raucous 2020. Companies that too... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to move out of overpriced AI stocks before the tech trade breaks down and into lesser-known names with real potential to challenge the Mag 7.
One pick he calls 'an upgrade to Tesla stock' is a little-known company that just inked a partnership with Nvidia, positioning it ahead of Tesla in the autonomous vehicle race. | | Get the name, ticker, and full Hotlist before markets open |
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Markets | | Growth investors are by now quite familiar with the Ark family of actively managed Innovation ETFs. These funds are:
ARK Innovation ETF (NYSEARCA: ARKK)
Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ)
Next Generation Internet ETF (NYSEARCA: ARKW)
Genomic Revolution ETF (NYSEARCA: A... Read the Full Story |
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Consumer Discretionary | | The retail space is more crowded than ever these days, which is why it's particularly impressive the Lululemon (NASDAQ: LULU) continues putting up big numbers quarter after quarter. With consumer preferences changing quickly and benefitting certain specialty retailers that are ahead of the curve, th... Read the Full Story |
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From Our Partners | | A new tool called Oracle tracks insider bets hidden in the predictions market, flagging which stocks and options could be affected.
During beta testing, Oracle identified notable short-term moves including USO up 39% in four days, PLTR up 43% in a day, and WEN up 67% in two days, all through a regular brokerage account.
See how Oracle spots these hidden insider bets before they make headlines. | | Get free access to Oracle and see the data now |
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Consumer Discretionary | | Homebuilder Hovnanian Enterprises (NYSE: HOV), which has been consolidating since early June, traded higher Thursday on the heels of the company’s third-quarter report.
Revenue increased 10% to $690.7 million in the quarter, compared with $628.1 million in the same quarter of the prior year.... Read the Full Story |
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Consumer Discretionary | |
The Lovesac Company Is One Comfortable Growth Story
The Lovesac Company (NASDAQ: LOVE) hit our radar over the last year and has done nothing but impress us in the time since. Not only is this a great company and growth story but it is one whose high double-digit growth was accelerated to hyper-gr... Read the Full Story |
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Consumer Discretionary | |
I’ve been looking for an opportunity to write about the Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) for about a year. At that time, I spoke with the company’s CEO, Michael Crawford. Crawford’s vision is to make the area surrounding the Pro Football Hall of Fame ... Read the Full Story |
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Markets | | There’s an ad campaign currently running for a large mutual fund company known to have high expense ratios within its products. I’m paraphrasing, but one of the claims goes something like this: “Long-term returns matter more than costs today.”
I sort of agree.
On the one h... Read the Full Story |
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Technology | | Image processing semiconductor maker Pixelworks (NASDAQ: PXLW) stock has awoken in mid-2021 as shares spiked to multi-year highs. The maker of chips that improve image and video visual quality used in projectors and mobile phones is experiencing strong tailwinds as the reopening is shaping up to be ... Read the Full Story |
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The Early Bird Stock Of The Day Established in 1975, Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada. | | View Today's Stock Pick |
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