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Airline stocks are higher this morning after the TSA said air travel was at is highest level since the pandemic began during the Memorial Day weekend. The TSA said it screened an average of 1.78 million people from Friday through Monday, hitting a peak of 1.96 million on Friday. While the numbers are still 22% below Memorial Day weekend in 2019, the volumes are six times higher than a year ago. American Airlines sha... |
Ulta Beauty Inc (NASDAQ: ULTA): Ulta shares rose as much as 7% on Friday after the cosmetics retailer reported fiscal first quarter earnings. The company posted a 65% year-over-year increase in net sales to $1.9 billion. “The Ulta Beauty team delivered an outstanding start to the year, with sales and earnings exceeding fiscal 2020 and fiscal 2019 first quarter levels,” CEO Mary... |
GOLD is a good defensive proxy with precious metalsIncreased vaccinations, declining infection and hospitalization rates have prompted state and local governments across the U.S. to begin lifting social restrictions, with the latest reports out of the Memorial Day holiday showing lots of pent-up demand for travel and leisure activities that had been looking for an inevitable outlet. Market commentary is beginning to shift to recovery considerations, which includes conversations about the pace of inflation, to what extent the Fed will continue... |
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Featured StockDanaos Corporation (DAC) Buy Price: $65.00 or betterDanaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2021, it had a fleet of 65 containerships aggregating 403,793 twenty foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Read More |
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