Good MorningThe equities market gave up two days worth of gains on Thursday as rising COVID-19 cases stoke fears. The number of new cases has been hitting new highs on a daily basis in recent weeks and may lead to another round of economic shutdowns. The first round of shutdowns trimmed 32% off of U.S. GDP, if there is a second the market fears the damage could be far worse. If there is no good news on Friday the market could be in for another decline.
On the economic front, the number of new claims for unemployment insurance is falling. The number of new claims fell 22,000 over the last week to hit the lowest level since April as Americans trickle back to work. On the inflation front, Consumer Level inflation was unchanged over the last month and might be evidence of slackening demand. Friday will bring the latest read on Producer level inflation in the form of PPI but the data is not expected to move the market.
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Tech | | | Another rally for the S&P 500 on Wednesday is sending it to the edge of its record high, and this time big technology stocks are also rising on Wall Street.
The benchmark index was 0.9% higher in afternoon trading at 3,577, nearing its all-time high of 3,580.94 set in September.
... Read the Full Story |
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Markets | | | Farfetch (NYSE:FTCH) is a company that provides a technology platform for the global fashion industry. The stock is trading near its all-time highs thanks to a recent announcement that Alibaba (NYSE:BABA) will invest millions Read the Full Story |
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Markets | | | Nissan has reported it posted a loss of 44.4 billion yen ($421 million) in the last quarter as the pandemic slammed profitability and the Japanese automaker fought to restore a brand image tarnished by a scandal centered on its former star executive Carlos Ghosn Read the Full Story |
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Tech | | | The U.S. Department of Energy has awarded just under $14 million for an attempt to build a hydrogen-energy production facility at a nuclear power plant in Minnesota with the help of a research lab in Idaho Read the Full Story |
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Politics | | | The New Yorker has parted ways with longtime staff writer Jeffrey Toobin after he reportedly exposed himself during a Zoom conference last month. He had already been on suspension and is also on leave from CNN, where he has been a legal commentator.
“I was fired today by @NewYorker a... Read the Full Story |
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Markets | | | Developers of Sputnik V, Russia's experimental COVID-19 vaccine, announced Wednesday that early, interim data from a large trial suggests the shot appears to be 92% effective.
The statement, which did not include detailed information about the trial, comes just two days after a simila... Read the Full Story |
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Stocks | | |
It's been a tough year for the restaurant industry. Most companies have struggled to put food on the table amid pandemic-led shutdowns and restrictions. There have however been a handful of standout performers that have managed to not just survive but produce some impressive performances despite t... Read the Full Story |
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Markets | | | It’s been a full quarter since I last reviewed Advanced Auto Parts (NYSE:AAP) and the situation is only more attractive. At the time, I saw the stock on the verge of a breakout and urged investors to wait for a pullback before buying. Read the Full Story |
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Markets | | |
There's a school of thought that says job cuts are good for a company's share price because it demonstrates that the company is willing to make the “tough calls” to improve the bottom line. If that's the case, then AT&T (NYSE:T) should be in line for some big gains of its own as th... Read the Full Story |
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Stocks | | | Food and beverage maker Campbell Soup Company (NYSE: CPB) shares have been in decline since peaking out at height of the pandemic as the food stockpiling phenomenon surged demand. Shares appear to be setting up for a breakdown underperforming the benchmark S&P 500 index (NYSEARCA: SPY). The adve... Read the Full Story |
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The Early Bird Stock Of The Day Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients and consumers with marketplace for tickets and event information through mobile apps, other websites, retail outlets, and its primary websites, such as livenation.com and ticketmaster.com; and provides ticket resale services. This segment sells tickets for its events and third-party clients in various live event categories. This segment offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, online, and promotional programs; rich media offering that comprises advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. It owns, operates, or leases entertainment venues. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California. | | View Today's Stock Pick |
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