Red-Hot Meme Stock to Snag Next

The Dow erased a triple-digit pop today

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Schaeffer's Market Recap
6/29/2021
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Stocks Close Flat After S&P, Nasdaq Nab Fresh Intraday Highs


By: Lillian Currens

The major indexes gave back most of their midday gains to settle flat on Tuesday, but not before the S&P 500 and Nasdaq both hit another set of intraday highs -- the former logging its fourth-straight record peak, and the latter its second. The indexes also just barely eked out fresh closing highs as well. The Dow, meanwhile, erased a triple-digit lead to finish the day with a quiet nine-point pop. Investors kept an eye on surging home prices for April, a better-than-expected consumer confidence reading for June, and a swell in the financial sector, thanks to several banks hiking quarterly dividends. However, some anxieties over the spreading Delta variant of Covid-19, paired with investors taking a step back during the relatively quiet summer months, may have ultimately put some weight on markets. 

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

  • The latest meme stock to burst onto the scene. 
  • Why TXT is quickly becoming an analyst favorite
  • Plus, when to bet on ALG; bulls eye upside for FCEL; and is FSLY's pullback worth playing?
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