UK urged to conclude trade deal with EU to limit Brexit cost. Global shares turn higher after Wall Street decline. Surprising things renters insurance covers — and leaves out.
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The Early Bird Newsletter

Wednesday, October 14th

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Good Morning

Investor confidence was rattled on Tuesday when word of not one but two trials of COVID-19 vaccines was halted due to “adverse” events. The news triggered an early morning sell-off that had the major indices down about -0.50% when the opening bell sounded. While concerning, the news was largely shrugged off in favor of earnings from JP Morgan Chase and Citigroup. The nation’s two largest consumer banks reported better than expected results that foreshadow what could be a market-moving earnings season.

Revenue at both JP Morgan and Citigroup fell on a YOY period but came in above the consensus estimates. The most noteworthy detail in either report is that reserve-builds for credit losses were less than expected. In light of the current conditions, the slowdown in reserve-build was taken as a vote of confidence in the economic recovery. If the rest of the financial sector reports in like fashion a new all-time high is in store for the S&P 500.
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Politics

UK urged to conclude trade deal with EU to limit Brexit cost

A leading international economic watchdog has urged the British government to conclude a free trade agreement with the European Union in the coming days and weeks to support the recovery from the coronavirus pandemic

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From Our Partners

Retire Rich on One $3 Stock

Stock-picking legend Alexander Green - just gave the most shocking live presentation regarding this "perfect stock." He says this single stock alone could pay for your retirement!

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Politics

Global shares turn higher after Wall Street decline

Major global markets were mostly higher on Wednesday after worries over the pandemic snapped a four-day winning streak on Wall Street. Shares rose in Paris, London, Tokyo and Hong Kong. Rising coronavirus counts in many countries are raising the urge...

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Markets

Surprising things renters insurance covers — and leaves out

Insurance is designed to offer peace of mind, but there’s a reason your policy has all that fine print: You might not have the coverage you expect. Like any other insurance policy, renters insurance has exclusions, and knowing about them ahead of time can help you avoid unexpected bills in a disaste...

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From Our Partners

Millennial Millionaire's One-of-a-Kind Trading System

In 2008, Andrew Keene was unemployed... burning through his life savings...

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Tech

China's Xi promises changes to promote tech center Shenzhen

President Xi Jinping on Wednesday promised new steps to promote development of China's biggest tech center, Shenzhen, amid a feud with Washington that has disrupted access to U.S. technology and is fueling ambitions to create Chinese suppliers. In a speech marking the 40th anniversary...

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Markets

World Bank approves $12B to finance virus vaccines, care

The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people. The $12 billion “envelope" is part of a wider World Bank Group package of up ...

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From Our Partners

New 5G "Arrow" to Replace Nuclear Missiles

On August 30, 2019, a small firm won a contract from the Pentagon to build a strange new weapon. The New York Times reports "No existing defense can stop it." This under-the-radar company is not yet a household name.

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Markets

LI Auto (NYSE: LI) Stock is a Chinese EREV and Autonomous Buy Trade

Start-up Chinese electric vehicle (EV) maker Li Auto Inc. (NASDAQ: LI) shares have gained from the frenetic boom in the EV market. The Company recently went public at $11.50 per share in July 2020 reaching a peak of $24.48 before selling off to $14.97 to stabilize. While SPACs have been the rage dri...

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Stocks

Fisker Inc (NYSE:SPAQ) Stock: The Next Big Player in EV?

Investors that are interested in the electric vehicle (EV) space have a lot of different companies to choose from. Many of these stocks have performed well this year and continue to benefit from bullish momentum thanks to optimism surrounding the industry and environmental concerns. As these compa...

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Markets

Time to Ring the Register on The Container Store (NYSE: TCS) Stock

Shares of The Container Store (NYSE: TCS) rallied sharply to highs if $9.72 since bottoming off its pandemic lows at $1.80 in Q1 2020. We highlighted this stock in the $3-$4 range in a MarketBeat Original article on July 13, 2020 as an overlooked restart play building steam for a breakout. Shares ha...

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Markets

Twilio (NYSE: TWLO) Becomes A Darling Of Wall Street

How do companies coming off the back of a 300% run in six months keep the momentum going for another six months? One way at least is to announce a $3 billion acquisition, or at least that’s how Twilio (NYSE: TWLO) have played it.

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The Early Bird Stock Of The Day

Ceridian HCM Holding Inc.

Ceridian HCM Holding Inc.

Ceridian HCM Holding Inc. operates as a human capital management (HCM) software company in the United States, Canada, and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions. It also provides Bureau solutions for payroll and payroll-related services. The company sells its solutions through sales force and third-party channels. Ceridian HCM Holding Inc. was incorporated in 2013 and is headquartered in Minneapolis, Minnesota.

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