Good MorningEquity Traders shrugged off a weaker-than-expected employment report from ADP in favor of the earnings outlook. The ADP report shows less than half the expected jobs were created in August putting a damper on the outlook for economic activity. The upshot is that ADP figures rarely track in line with the NFP figures which leaves the door open for the NFP report to impress the market on Friday. If not, equities could reverse their upward trend and begin moving lower once again.
In other news, the ISM Manufacturing Index and the construction spending data we're both better than expected. This data is contrary to the weaker-than-expected employment figures and point not only to continued economic activity but an acceleration of activity in the third quarter of the year. The key takeaway is that the earnings outlook continues to improve, so long as those conditions remain in place the S&P 500 should continue to move higher.
Featured: Trump goes "all-in" on Grand Canyon energy breakthrough (Ad) 
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Markets | |
In what may have been a case of lousy timing, Joann Inc. (NASDAQ:JOAN) began its second stint as a publicly-traded company in March 2021. It was supposed to be one of the more intriguing initial public offerings (IPOs) of 2021. Joann was capitalizing on the craft boom that occurred during the pand... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Consumer Discretionary | |
PVH Corp Bounces Back Stronger Than Ever
PVH Corp (NYSE: PVH) was not alone when it decided to suspend the dividend last year. The move was an aggressive attempt to sustain capital in the face of the COVID-19 pandemic and one that helped the business weather the storm. What makes PVH Corp differe... Read the Full Story |
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Markets | |
The pandemic has brought all sorts of changes to how corporate America operates. Business models are shifting to e-commerce and expenses on things like travel and marketing are being re-examined.
Another major development is the amount of cash companies are piling up. While economic conditions ha... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Markets | |
What if you received a dollar for your retirement account every time you saw a kid running around, screeching on a soccer field this fall? You'd sure have a plump retirement savings account.
Unfortunately, nobody pays you to put your kid in soccer. In fact, the money seems to melt away as soon as... Read the Full Story |
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Technology | |
DocuSign (NASDAQ: DOCU) has been a pandemic winner that has seen its growth carry over into 2021. DOCU stock is up 33% this year, easily outpacing the S&P 500 index which is up 22%. And heading into its earnings report on September 2, DOCU stock looks to be consolidating. This usually signals ... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of the world's great gold districts in Nevada, anchored by Fourmile, Goldrush, and Cortez Hills, a region that could hold as much as 60 million ounces of gold.
Bordering Fourmile and less than a mile from Goldrush sits a little-known explorer now moving from historical data toward active exploration, setting targets and preparing for a maiden drilling program.
With gold trading near record highs, this could be a pivotal stage for an overlooked name in the district. | | See why this overlooked gold explorer could be entering its most important stage |
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Consumer Staples | | Campbell Soup Company: When Bad News Isn't Bad
Campbell Soup Company (NYSE: CPB), and the rest of the consumer staple industry, have seen their shares pullback in recent weeks because of mounting fear of inflation. Rising costs are expected to cut into profitability on top of an expected decline in... Read the Full Story |
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Communication Services | |
Although only becoming a household name in 2020, WallStreetBets was created as a sub-category of the Reddit forum in 2010. The subreddit community shares a passion for high-risk trades and has a particular focus on stocks that carry a high short-selling risk. MarketBeat tracks the number of mentio... Read the Full Story |
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Consumer Discretionary | | Casino operator MGM Resorts (NYSE: MGM) stock has fared much better than its U.S. peer with a 37.8% year-to-date (YTD) performance compared to double-digit declines in shares of Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) . Shares have even outperformed the S&P 500 index (NYSEARC... Read the Full Story |
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Communication Services | | Streaming network platform fuboTV (NYSE: FUBO) stock has fallen nearly in half since it’s peak earlier in the year. The Company is a sports-first live and streaming platform for sports content which is expanding into other content. Through partnerships with various groups including The Cordish... Read the Full Story |
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Healthcare | | One of the great things about investing is that there are attractive stocks to match all price points and budgets. This makes adding shares of strong companies across different industries accessible to anyone, regardless of their financial status. Some of the best long-term gains are generated by bu... Read the Full Story |
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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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