Good MorningThis is going to be a tough week for the market. The May non-farm payroll report is due out on Friday and is expected to post a large number, well over 1 million. If the economy fails to add a substantial number of new jobs it will put the budding economic reopening in grave danger. The biggest risk for the economy now is filling the more than 8 million currently open jobs. In light of the fact the S&P 500 is valued based on its forward earnings potential, a failure to fill job openings means a failure to capture projected revenue and earnings and lower prices for stocks.
With the S&P 500 trading just shy of all-time highs the next big hurdle will be to set a new all-time high. If that doesn't happen within the next week or two the market is in danger of forming a double top reversal. A double top reversal is when an index sets to highs of equal or comparable height before ultimately moving much lower. In this case, the S&P 500 could correct up to 20% before hitting bottom.
Featured: Top Stock Experts Shares Dire Warning (Legacy Research) 
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Stocks | | | Despite disappointing data on personal income and spending in April, markets are basically flat as investors digest the data over the long holiday weekend. The markets reopen on June 1 and the MarketBeat team of writers will be on top of the stocks and stories that are moving the markets. Read the Full Story |
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From Our PartnersThere's no sector poised to deliver bigger gains in 2021 than small-cap biotech stocks.
In the past year alone...
Novavax Inc jumped from $6.26 to $270.51, a gain of 3,396%.
Aclaris Therapts jumped from $0.70 to $24.28 an increase of 1,583%.
Vaxart Inc rocketed from $0.97 to $14.94, a 1,083% jump. | | Here's the next biotech we think could soar 1,000% >>> |
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Markets | | | Global stock markets were mixed Monday after Wall Street ended May with a gain and Japan's factory output grew less than expected.
London opened higher while Frankfurt retreated. Tokyo declined while Shanghai and Hong Kong gained.
Wall Street futures were higher. U.S. m... Read the Full Story |
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Markets | | | Asian stock markets fell Monday after Japan reported weaker-than-expect growth in factory output and Chinese manufacturing growth was flat.
Benchmarks in Shanghai, Tokyo and Hong Kong retreated while Seoul gained.
On Wall Street, the benchmark S&P 500 index ended la... Read the Full Story |
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Markets | | | We’ve provided a brief overview of the top 3 stocks to buy in June so that you can get a head start on putting together your watch list. Each one of these stocks has a trend or momentum working in its favor, which is why they warrant your consideration. Read the Full Story |
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Politics | | | Johnson & Johnson is asking for Supreme Court review of a $2 billion verdict in favor of women who claim they developed ovarian cancer from using the company's talc products.
The case features an array of high-profile attorneys, some in unusual alliances, including former independ... Read the Full Story |
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From Our PartnersIf you have an account in any of these banks, this new “game-changer” regulation could affect you.
Millions of Americans will be caught by surprise because there’s not much time left to prepare. | | | | Click here to see how this new banking rule |
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Markets | | |
Headwinds May Keep Costco Shares From Moving Higher
Costco (NASDAQ: COST) is a great company, don't get us wrong. It is one of the biggest beneficiaries of the pandemic, the company is still expected to grow long into the future, and it pays a very safe dividend. The problem that we have with the... Read the Full Story |
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Markets | | | Just in case anyone doubted it, the 7% jump seen in Ford (NYSE: F) shares last Thursday were further proof that the automobile stalwart is back, and potentially better than ever. The stock is now up close to 300% since the lows of April 2020, with 30% tacked on in the last two weeks alone. Much of t... Read the Full Story |
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Politics | | | China’s ruling Communist Party says it will ease birth limits to allow all couples to have three children instead of two in hopes of slowing the rapid aging of its population, which is adding to strains on the economy and society Read the Full Story |
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Markets | | | China’s manufacturing held steady in May, a survey showed Monday, adding to signs a post-pandemic rebound is leveling off.
A monthly purchasing managers’ index issued by an industry group and the national statistics agency stood at 51 on a 50-point scale on which numbers above 50 sho... Read the Full Story |
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Markets | | |
Big Lots Is A Shockingly Good Value For Income Investors
We are going to come right out and say it, Big Lots (NYSE: BIG) is such a deep value we are shocked that it is still trading at only 11 times its earnings. Big Lots is no Costco and shouldn't be trading at 38 times earnings but it's at leas... Read the Full Story |
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The Early Bird Stock Of The Day WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers. It also provides structural and graphic design, engineering services and custom, and proprietary and standard automated packaging machines; turn-key installation, automation, line integration, and packaging solutions; machinery solution that creates pouches; and pack temporary displays, as well as lithographic laminated packaging products. The Consumer Packaging segment manufactures and sells folding cartons that are used to package food, paper, beverages, dairy products, confectionery, health and beauty, and other household consumer products, as well as express mail packages for the overnight courier industry. It also offers inserts and labels, as well as rigid packaging and other printed packaging products, such as transaction cards, brochures, product literature, marketing materials, and grower tags, and plant stakes; and paperboard packaging for over-the-counter and prescription drugs. In addition, this segment manufactures and sells solid fiber and corrugated partitions, and die-cut paperboard components. The Global Paper segment manufactures containerboard, paperboard, and specialty grades primarily to corrugated packaging, folding carton, food service, liquid packaging, tobacco, and commercial print markets. The Distribution segment distributes corrugated packaging materials and other specialty packaging products, including stretch films, void fills, carton sealing tapes, and other specialty tapes; and provides contract packing services. The company is based in Atlanta, Georgia. | | View Today's Stock Pick |
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