I have three stocks on my radar today… I’ve been talking about two of the names for quite some time now and they remain strong — and more in today’s stock market recap.
All three stocks will benefit from Americans shifting into a new normal of going out more. I reviewed the third stock for the first time today, so you don’t want to miss it.
In today’s stock market recap, global markets are mixed today. Jobless claims and employment data are the biggest reports of the week.
Other regions around the world like Asia have experienced increased COVID-19 infections and continue to struggle with dwindling resources. Cases have increased significantly, particularly in India, with vaccination numbers remaining low.
President Joe Biden’s first 100 days in office showed a 9.9% return in the Dow versus President Donald Trump’s 6.1% in his first 100 days. According to LPL Financial, this was the best first 100 days since Franklin Delano Roosevelt in 1933.
Some of the companies reporting earnings this week include CVS, Activision, Twilio, Moderna and Peloton.
Last summer, I mentioned that Crocs Inc. (Nasdaq: CROX) was one of the two biggest growing retail stocks. CROX manufactures the foam clogs that people use as casual footwear. CROX raised its 2021 sales outlook from 40% to 50%. The company beat analysts’ earnings-per-share estimate by a whopping 67%, and revenue by 10%.
CROX broke out after its new revenue outlook and strong earnings. It made a new high and the stock is now consolidating. With summer around the corner, and the clogs now being a staple of comfort at home, I expect it will continue to climb.
The other stock I’ve mentioned before is a sporting goods company that will likely do well as Americans are eager to get out and enjoy their summers. And I’m excited to give you the third stock. It’s a service company that offers a platform for ride-sharing drivers. It’s one-year return is 657% and it’s currently trading around $13 per share.
In today’s video, you’ll discover what to expect in May… more about current momentum levels… earnings results from last week… three stocks I’m targeting this week, including one ride-sharing service from Southern California that looks promising.
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