We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Markets are starting a new week of trading on the sleepy side, at least in Monday’s pre-market activity. A lack of headline-grabbing catalysts are keeping indexes somewhat buoyant but adrift. The Dow looks to open up 77 points, the S&P 500 up 3 and the Nasdaq -12. The tech-heavy Nasdaq is currently riding a three-week winning streak while the Dow and S&P have been up the past two weeks.
The Great Reopening continues as TV hosts return to their studio desks, from Jim Cramer on “Squawk on the Street” to Stephen Colbert on tonight’s “The Late Show.” For sure, a return to the workplace is something retailers in business districts all across the country have been looking forward to. As mandatory mask wearing rules have begun to ease as Covid vaccinations continue to (slowly) increase, our “return to normal” is indeed underway.
Compared to last week’s important jobs numbers, this week is quieter on the economic reports front. Thursday brings us key Consumer Price Index (CPI) data, which will help flesh out the substance of recent inflation reads — whether they are transitory, as the Fed suspects, or something longer-lasting. After last month’s reported +0.8% on headline CPI, analysts currently expect this to be cut in half to +0.4%.
Cryptos are all up ahead of the opening bell, from 0.7% on Dogecoin to 5.5% on Ether. These modern and hotly debated storages of wealth have been cooling of late, especially after aggressive run-ups in valuations previously and recent ransomware attacks demanding Bitcoin payment have caused investors to take stock a moment. Should the U.S. government take action against ransomware instigators, might this have a counter-effect on crypto?
After today’s close, we look forward to Q1 earnings from hard-disk drives maker Marvell Technologies (MRVL - Free Report) , where earnings growth of 50% year over year to 27 cents per share is expected in the Zacks consensus. We expect the Zacks Rank #3 (Hold)-rated company to have brought in $803 in revenues. Marvell, which has topped bottom-line estimates in each of the last four quarters, has only posted three earnings misses over the past five years.
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Image: Bigstock
Sleepy Monday Brings Mixed Markets
Monday, June 7, 2021
Markets are starting a new week of trading on the sleepy side, at least in Monday’s pre-market activity. A lack of headline-grabbing catalysts are keeping indexes somewhat buoyant but adrift. The Dow looks to open up 77 points, the S&P 500 up 3 and the Nasdaq -12. The tech-heavy Nasdaq is currently riding a three-week winning streak while the Dow and S&P have been up the past two weeks.
The Great Reopening continues as TV hosts return to their studio desks, from Jim Cramer on “Squawk on the Street” to Stephen Colbert on tonight’s “The Late Show.” For sure, a return to the workplace is something retailers in business districts all across the country have been looking forward to. As mandatory mask wearing rules have begun to ease as Covid vaccinations continue to (slowly) increase, our “return to normal” is indeed underway.
Compared to last week’s important jobs numbers, this week is quieter on the economic reports front. Thursday brings us key Consumer Price Index (CPI) data, which will help flesh out the substance of recent inflation reads — whether they are transitory, as the Fed suspects, or something longer-lasting. After last month’s reported +0.8% on headline CPI, analysts currently expect this to be cut in half to +0.4%.
Cryptos are all up ahead of the opening bell, from 0.7% on Dogecoin to 5.5% on Ether. These modern and hotly debated storages of wealth have been cooling of late, especially after aggressive run-ups in valuations previously and recent ransomware attacks demanding Bitcoin payment have caused investors to take stock a moment. Should the U.S. government take action against ransomware instigators, might this have a counter-effect on crypto?
After today’s close, we look forward to Q1 earnings from hard-disk drives maker Marvell Technologies (MRVL - Free Report) , where earnings growth of 50% year over year to 27 cents per share is expected in the Zacks consensus. We expect the Zacks Rank #3 (Hold)-rated company to have brought in $803 in revenues. Marvell, which has topped bottom-line estimates in each of the last four quarters, has only posted three earnings misses over the past five years.
Questions or comments about this article and/or its author? Click here>>
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>