Good MorningInvestors were dealt another ace on Friday when the Personal Income and Spending data was released. The Dow, S&P 500, and NASDAQ Composite all closed higher ending the 2nd best month of gains since the market hit bottom.
Personal Income was expected to fall about a half percent in August but surprised the market with a gain of the same size. The rise in incomes fueled spending to the tune of 1.9% which was also well above the consensus. The bottom line here, the U.S. economy is heating back up in the wake of the COVID-19 pandemic.
Even with all the good data in August the market is still not out of the woods. The labor market is still hurting after the pandemic with over 1 million new jobless claims released each week. Next week’s hurdle will be the monthly employment data which includes the ADP report on Wednesday and then the Non-farm payrolls report on Friday.
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We’ve witnessed some truly monumental moves in the stock market this year that continue to defy expectations. Whether it’s rallying from the fastest market crash ever to reach new all-time highs in a matter of months or IPO stocks roaring higher on speculative action seemingly every we... Read the Full Story |
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Markets | | | One company that's seen some staggering gains—and a few less-staggering losses—is Digital Turbine (NASDAQ: APPS), a company that's delivered a lot of value, but not without some hiccups along the way. Read the Full Story |
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Fitness center owners large and small have been among the most impacted businesses throughout the pandemic. They've had to close their doors for months and watch membership growth stagnate. Many had to close for good.
In recent weeks gyms across America have reopened. And while some people have b... Read the Full Story |
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Markets | | | Home improvement and services platform ANGI Homeservices, Inc. (NASDAQ: ANGI) stock has been a surprising pandemic beneficiary. While shares collapsed with the benchmark S&P 500 index (NYSEARCA: SPY) during the pandemic panic, it has blown past its pre-COVID levels year-to-date. New and existing... Read the Full Story |
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Markets | | | Avis Budget Group (NASDAQ: CAR) looks primed for another leg-up after basing for nearly three months. The rental car company’s shares are trading just below the breakout point, with shares spending the past couple of weeks in a tight range.
Hertz Global Holdings (NYSE: HTZ), one of Avis&rsquo... Read the Full Story |
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The Early Bird Stock Of The Day Rekor Systems, Inc., a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders. It also offers Rekor AutoNotice, a cloud-based financial management application that delivers a turnkey information and citation management solution for cities, states, and municipalities for primary and secondary offenses; and Rekor CarCheck, which allows its AI based vehicle and license plate recognition technology to be accessed for a range of commercial applications. In addition, the company offers Rekor Edge Max System, a fixed traffic data collection system that captures and transforms roadway data into holistic traffic insights; Rekor Edge Pro, a vehicle recognition solution that is used on a standalone basis or integrated into a network; and Rekor Edge Flex, a portable data collection system. Further, it provides traffic services, including traditional traffic studies, which delivers data and insights for planning and management of roadway infrastructure and commercial initiatives; innovative AI-driven traffic studies for traffic management; and traffic engineering services. The company was incorporated in 2017 and is headquartered in Columbia, Maryland. | | View Today's Stock Pick |
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