Buy the Dip on This Aerospace Stock

The Nasdaq snagged its second-straight record close yesterday

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Schaeffer's Opening View
6/24/2021
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Lackluster Jobs Data No Match For Surging Stock Futures


By: Laura McCandless

Dow Jones Industrial Average (DJI) futures are up over 140 points at last check, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are both indicating a run toward fresh record highs, as inflation fears ease. Lackluster weekly jobs data has not yet deterred Wall Street this morning, with initial weekly jobless claims for last week coming in at 411,000 -- higher than the estimated 380,000 and the second-straight week above 400,00.

Elsewhere in economic data, the first-quarter gross domestic product (GDP) growth was unrevised at 6.4%, and U.S. durable goods orders rose 0.3% in May. Investors are also eyeing Washington D.C., where bipartisan infrastructure package negotiations will be discussed with U.S. President Joe Biden later today.

Continue reading for more on today's market, including:

  • Don't sweat this aerospace stock pullback. 
  • Checking in with Conagra Brands stock
  • Plus, Ride Aid stock falls after revenue miss; MGM upgraded; and big FDA news for Eli Lilly. 
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