On Tuesday, stocks closed mixed with a preference for small-caps as they took gains in some blue chips and big-cap stocks.
Profit-taking started immediately, with a divergence of better-quality stocks being sold. Banks and other financials fell 1.4% at the close, while technology gained 0.9% and consumer discretionary rose 0.5%. Eight of the eleven sectors of the 500 lost ground. From the election until Monday most investing was based on the expectations that the new administration will increase fiscal spending and lower corporate tax rates. The goal is to raise interest rates, inflation and promote growth.
Yesterday buying slowed slightly, but floor traders said that consolidations are a good sign and that the “reflation trade” will probably resume again. The chief investment officer at Wells Fargo Private Bank was quoted by The Wall Street Journal who said “there’s a level of optimism I haven’t seen in a while.”
Crude oil WTI fell 0.7% at $45.56 per barrel due to an EIA report that crude oil supplies increased by 5.27 million barrels instead of an estimate of 1.48 million.
Top Growth Stocks To Own For 2018: Flowers Foods, Inc.(FLO)
Advisors’ Opinion:
- [By Dan Caplinger]
Consumers across the nation know Flowers Foods (NYSE:FLO) from its Wonder bread, Tastykake snack cakes, and Nature’s Own bakery brands. Yet the truly novel thing about Flowers is how it has done such a good job of building up a national presence in an industry that is typically dominated by local competition. Coming into Monday’s fourth-quarter financial report, Flowers investors were hoping to see at least some growth in sales and earnings, but the bakery company wasn’t able to deliver the pace of expansion that most shareholders really want to see.
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects Dr Pepper Snapple Group Inc. (NYSE: DPS) to report quarterly earnings at $1.06 per share on revenue of $1.57 billion before the opening bell. Dr Pepper Snapple shares fell 0.07 percent to close at $93.49 on Monday.
Analysts expect American International Group Inc (NYSE: AIG) to post quarterly earnings at $1.01 per share on revenue of $12.87 billion after the closing bell. AIG shares gained 0.38 percent to $66.39 in after-hours trading.
Flowers Foods, Inc. (NYSE: FLO) reported in-line earnings for its fourth quarter, while sales missed expectations. Flowers Foods shares fell 1.87 percent to $20.45 in the after-hours trading session.
Before the markets open, Diebold Nixdorf Inc (NYSE: DBD) is projected to report its quarterly earnings at $0.32 per share on revenue of $1.31 billion. Diebold Nixdorf shares slipped 0.73 percent to close at $27.20 on Monday.
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Top Growth Stocks To Own For 2018: The First of Long Island Corporation(FLIC)
Advisors’ Opinion:
- [By Dividends4Life]
The First of Long Island Corporation (FLIC) operates as a bank holding company for The First National Bank of Long Island that provides financial services. Sept. 19, the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable Oct. 11, 2013 to shareholders of record on October 3, 2013. The yield based on the new payout is 2.7%.
Top Growth Stocks To Own For 2018: Tesla Motors, Inc.(TSLA)
Advisors’ Opinion:
- [By Demitrios Kalogeropoulos]
Earnings season is likely to continue to produce big stock swings for the companies involved. And the next five trading days have no shortage of big names posting their results, including Wal-Mart (NYSE:WMT), Tesla (NASDAQ:TSLA),and Gap (NYSE:GPS).
- [By Abdul Jawula]
Since its IPO in 2010, Tesla (NSDQ:TSLA) has had short periods of volatility and also uncertainty about its viability as a game-changing company. Elon Musks ambitious projects had raised some eyebrows on the Wall Street. However, recent developments and geopolitical factors (more on those later) show that investors were right to stick with the company.
- [By Alex McGuire]
In June 2015, SpaceX CEO Elon Musk said at a Tesla Inc. (Nasdaq: TSLA) shareholder meeting he intends to keep SpaceX private until its long-term goal of sending people to Mars begins. That’s not expected until 2020 at the earliest, meaning investors shouldn’t expect a SpaceX IPO until then.
- [By Kumar Abhishek] Model 3 is likely to be the main focus of Tesla Inc (NASDAQ:TSLA) Q1 earnings.
FlickrPalo Alto, California, basedelectric car and renewableenergy company Tesla Inc (NASDAQ:TSLA) is scheduled to report its Q1 2017 earnings on Wednesday, May 2nd. The earnings report will cap a record quarter for Tesla which is entering a crucial operational phase.It has been quite a good quarter for Tesla’s shareholders who have seen the stock rally to record levels. On the other hand, theshorts are feeling the pain. In his recently released letter to shareholders, Greenlight Capital’sDavid Einhorn said that”It was a difficult quarter to be short the bubble basket, and TSLA in particular,”. He further added, “With holders reluctant to sell, the stocks can only go up – seemingly to infinity and beyond. We have seen this before. It’s painful for the shorts, as the TSLA CEO has been happy to remind everyone via Twitter”.Mr. Einhorn expects this stock bubble burst sooner or later. However, given the recent momentum and strong quarterly results, shorts may have to wait for some more time.
