Stocks were flat this morning in the wake of another record high for the S&P 500. The benchmark broke a 2-day losing streak yesterday and climbed to another record close, and has seen little change since yesterday’s close. The Nasdaq edged slightly higher in early trading while the Dow saw a minimal loss in early trading.
This morning, investors will be looking at ADP’s July employment data for clues on the non-farm payroll and unemployment rate reports, which come out Friday.
Today’s trade alert highlights a compelling choice from the financial sector that garners an across-the-board Buy rating from the Wall Street pros who are offering recommendations. Market appreciation should contribute to mid to long-term gains, while projected acquisitions could also provide some fuel.
Matt’s #1 pick for 2021 [Buy Alert]
He’s pinpointed over 200 stocks that ALL went on to jump 100% or more. Plus 16 more recommendations that skyrocketed over 1,000%.
Today, he’s doing it all over again. [Full Story…]
Focus Financial Partners (FOCS) is a compelling choice from the financial sector right now. The company invests in Registered Investment Advisors (RIAs). There’s a bevy of acquisitions in the wings that are expected to be lucrative for Focus, such as two partner firm mergers in Q2, which will provide about $7 million in organic growth.
Raymond James analyst Patrick O’Shaughnessy recently broke down his bullish standpoint on the financial stock. “Market appreciation and updated margin guidance drive our estimates higher in 2021 and beyond, and with Focus’s leverage trending towards the low end of its targeted range … we could see an acceleration in acquisition activity,” he says. He raised his price target from $59 to $60, indicating a potential 12-month upside of 18.8%. O’Shaughnessy rates the stock a Buy.
In fact, of the 8 analysts offering recommendations for the stock, all 8 rate the stock a Buy. There are no Hold or Sell ratings for the stock. A median 12-month price target of $63.00 represents a 21.88% increase from the current price.
Where to invest $1,000 right now...
Before you consider buying FOCS, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not FOCS.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
InvestorPlace & Charlie Shrem
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Virtually every major corporation and government agency is investing billions to prepare for this event. I’m talking about Apple, Microsoft, Google, Amazon, Facebook, and the departments of Defense and Homeland Security, to name a few. We’ve located four small altcoins that we predict will be the biggest winners from this technology upgrade. [Full Story…]