Good MorningEquity markets wobbled for a 2nd straight day as investors weigh the impacts of the latest round of economic data. The January retail sales came in hot at up 3.0% despite the pressure of inflation, say some headlines. The real takeaway is that sales jumped 3.0% because of inflation and higher prices. In most cases, S&P 500 companies are reporting a unit volume decline offset by higher pricing. In this scenario, sales can only increase by so much until the consumer is stretched to the limit.
The release of the producer price index will impact Thursday's action. If the producer price index comes in hot and confirms the near-term acceleration of inflation, the market will not take the news well. The S&P 500 is already struggling to maintain its footing at its current level; another indication the FOMC will continue to hike rates and keep them high could spark a "head for the hills" rush for the exits and bring the entire market down with it.
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Communication Services | |
In the wide world of investments, the terms ‘large cap’ and ‘penny stocks’ don’t often go together.
One describes an established, highly valued company. The other is an unproven, high-risk gamble.
Moreover, large caps and penny stocks generally attract two very dif... 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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Communication Services | |
It is because of momentum if you wonder why Roblox (NYSE: RBLX) shares popped more than 20% in a single session. After years of struggling to grow beyond the core age group and operating model (games for kids under 17), the company is showing traction. Roblox reports strong growth with the over-17... Read the Full Story |
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Industrials | |
You may not be able to tell by the charts, but the GXO Logistics (NYSE: GXO) spin-off was the right move at the right time. The hiccups in supply chain productivity caused by the pandemic highlighted the benefits of this logistics specialist and are driving sustained growth for the company.
The Q... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Technology | |
Cloud networking specialist Arista Networks Inc. (NYSE: ANET) cleared a cup base on February 14 after reporting better-than-expected fourth-quarter results. The company also issued strong revenue guidance.
Shares rocketed 4% in triple average volume, reaching their best levels in over a year. T... Read the Full Story |
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Consumer Discretionary | |
Restaurant Brands International (NYSE: QSR) issued a mixed q4 report and is still facing headwinds, but that is no deterrent for the analysts. At least 6 sell-side analysts have come out with commentary since the Q4 release, and all support the price action. There were no upgrades or downgrades, a... 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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Consumer Staples | |
After years in the making, it may look like the Kraft Heinz (NASDAQ: KHC) recovery story is dead on arrival. When the company is set to begin delivering value to shareholders, it gives weak guidance but don't be fooled. The guidance is below the Marketbeat.com consensus estimate for earnings but c... Read the Full Story |
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Consumer Discretionary | |
In many ways, cruise ship stocks acted as the canaries in the coal mine when the pandemic first struck, so it’s perhaps apt that they’re now among the best-performing stocks as we head into a fresh year of trading. The likes of Carnival Corp (NYSE: CCL) and Royal Caribbean Cruises Ltd ... Read the Full Story |
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Healthcare | |
Legendary trader George Soros’ hedge fund just revealed a new bet against crypto bank Silvergate (NYSE: SI), according to a 13F filed Tuesday. The 92-year-old trader is considered one of the best traders of all time, known for breaking the Bank of England in 1992 by aggressively shorting the... Read the Full Story |
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Technology | |
Cadence Design Systems Inc. (NASDAQ: CDNS) gapped 7.21% on February 14, more than double the average turnover, following better-than-expected fourth-quarter results and increased guidance.
With the February 14 price action, the stock cleared a six-month base with a buy point of $395. It hit resis... Read the Full Story |
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Industrials | |
You may not know its name, but S&P component Parker-Hannifin Corp. (NYSE: PH) may deserve a place on your watch list.
The stock broke out of a base above $340 in early February, following a better-than-expected second-quarter report.
Parker-Hannifin is a Cleveland-based industrial, selling ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Kaival Brands Innovations Group, Inc. sells, markets, and distributes electronic nicotine delivery system (ENDS) products and related components in the United States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS product in various flavor options for adult cigarette smokers. It sells its products to non-retail customers through convenience stores and the website www.wholesale.bidivapor.com. The company was formerly known as Quick Start Holdings, Inc. and changed its name to Kaival Brands Innovations Group, Inc. in July 2019. The company is based in Grant-Valkaria, Florida. Kaival Brands Innovations Group, Inc. is a subsidiary of Kaival Holdings, LLC. | | View Today's Stock Pick |
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