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.
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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 | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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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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Consumer Discretionary | |
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 | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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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 | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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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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Consumer Discretionary | |
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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Consumer Discretionary | | 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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Services | | 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 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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