Good MorningEquity markets edged higher on Thursday to set new all-time highs for the S&P 500 index. The broad market index traded within a very tight range following a round of better than expected economic data. The Factory Orders data came in a tenth hotter than expected at 0.4% following last month’s 1.5% increase. The gains suggest slowing activity but continued economic expansion and at a rate greater than forecast.
On the employment front, the weekly jobless claims data came in better than expected and set the lowest level since the pandemic began. The claims data suggests Friday’s non-farm payrolls figure will be good as well. The analysts are expecting more than 700,000 new jobs were created in August, nearly double the amount indicated by the ADP report earlier in the week.
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Retail/Wholesale | | It’s always tricky trying to figure out the best way to position ahead of a company’s earnings report, as these binary events can lead to big moves both up and down for the price of a stock. While it might be tempting to add shares ahead of a release, waiting until after a company report... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Construction | | It’s been nothing short of fascinating to see all of the changes that have occurred in the real estate market since the beginning of the pandemic. Last year, the unfortunate circumstances led to one of the hottest home-buying sprees of all time and created a feeding frenzy of buyers trying to ... Read the Full Story |
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Finance | | It’s easy to find reasons to invest in companies that are based in the United States, as our financial markets contain some of the most innovative and financially secure businesses in the world. With that said, investors are doing themselves a major disservice if they are only focused on addin... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Retail/Wholesale | |
Fairly Valued Five Below Gets Cheaper
Shares of Five Below (NASDAQ: FIVE) entered a correction two weeks ago when Morgan Stanley downgraded the stock to Equal Weight from Over Weight. The reasoning was simple and shouldn’t have sparked the correction it did. According to Morgan Stanley, th... Read the Full Story |
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Consumer Discretionary | | Live entertainment operator Live Nation (NYSE: LYV) stock has been a strong 2021 performer as the reopening gets underway with the acceleration of COVID vaccinations. Concerts and live performances were an epicenter segment during the COVID-19 pandemic as capacity restrictions and stay-at-home manda... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Consumer Staples | |
Tired of the same old, same old? Rather than staring FAANG stocks in the face or monitoring your same portfolio on a daily basis (snore!) you might want to consider some other options to liven up your portfolio.
As with any investment, consider your timeline and risk tolerance. Consider the unde... Read the Full Story |
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Markets | | Subscription health and wellness platform The Beachbody Company (NYSE: BODY) stock has been steadily falling after its three-way business combination on June 25, 2021. The special purpose acquisition company (SPAC) Forest Acquisition Corp was the vehicle for a reverse merger with The Beachbody on De... Read the Full Story |
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Consumer Discretionary | |
A few months from now we’ll be hearing about how retailers fared during the holiday shopping season. Soon thereafter, we’ll learn more details about companies’ financial results during the all-important quarter.
Some investors prefer to receive confirmation of a strong holiday p... Read the Full Story |
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Markets | |
Don’t Choke On Chewy, Inc’s 2Q Results
Chewy Inc’s (NYSE: CHWY) second-quarter results left the market wanting more but we don't think you should read too much into the 10% decline in share prices sparked by the news. While the results were hard to swallow they're not worth a d... Read the Full Story |
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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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The Early Bird Stock Of The Day Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India. | | View Today's Stock Pick |
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