Good MorningThe S&P 500 made another try for a new all-time high but the effort was weak and went nowhere. By the end of the day, the broad-market index shed close to 1% and may continue lower in the coming sessions. Although the COVID-Vaccine news has been good, the good-feelings have been tempered by record-setting infection rates and the fear of a global economic shut-down. The last time the U.S. shut down it cost more than 20 million people their jobs and 32% of GDP.
In brighter news, Wednesday’s economic data was good and points to acceleration within the economic rebound. On the retail front, retail sales slowed from the prior months’ 1.6% increase to 0.3%. The 0.3% is a more sustainable figure and in-line with consensus. On the industrial front, industrial production and capacity utilization were both better than expected. In housing news, the Home Builders Index accelerated 2 points to set another new high on strong demand.
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Stocks | | |
The election season and recent vaccine developments have spurred some remarkable shifts in market sentiment. For some sectors it has been out with old and in with the new.
Whether due to expectations of a supportive Biden administration or normalized economic conditions, financial, industrial, an... Read the Full Story |
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Markets | | | Global stock markets were mixed Wednesday after Wall Street declined as hopes for a possible coronavirus vaccine were tempered by worries about the pandemic's continuing impact.
London, Tokyo and Frankfurt retreated, while Shanghai, Hong Kong and Sydney advanced.
Trader... Read the Full Story |
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Markets | | | Asian stock markets were mostly higher Wednesday after Wall Street declined as hopes for a possible coronavirus vaccine were tempered by worries about the pandemic's lingering impact.
Shanghai, Hong Kong and Seoul advanced while Tokyo declined.
Traders have been encoura... Read the Full Story |
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Markets | | | Asian stock markets were mixed Wednesday after Wall Street declined as worries about the long-term impact of the coronavirus pandemic tempered enthusiasm about possible vaccine development.
Benchmarks in Tokyo and Hong Kong declined while Shanghai and Seoul advanced.
An... Read the Full Story |
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Markets | | |
While there have been several negative headlines impacting Chinese equities this year including things like delisting threats and antitrust concerns, it seems that investors are still very interested in adding shares of companies that are located in the fastest-growing economy in the world. It is ... Read the Full Story |
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Markets | | |
Investing in the renewable energy sector makes a lot of sense at this time. The global renewable energy market is expected to reach a valuation of $2.15 billion in 2025 and there will certainly be companies that benefit from this growth. With the prospects of a Joe Biden presidency and improving t... Read the Full Story |
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Tech | | | Phunware Inc., a software company that built the cellphone app propelling President Donald Trump’s supporters, is in financial distress and has received key support from the administration and the president’s reelection campaign Read the Full Story |
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Politics | | | ANNAPOLIS, Md. — Maryland Gov. Larry Hogan is imposing limits for operating hours and capacity of businesses amid a surge in coronavirus cases. He said Tuesday that “we’re in a war right now, and the virus is winning.”
Beginning at 5 p.m. Friday, bars and restaurants have to close by... Read the Full Story |
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Markets | | | Undoubtedly, one of the biggest Cinderella stories of the last couple years in the stock market has been Tesla (NASDAQ:TLSA). With huge gains, new products, and a whole new mystique, the company that started the year Read the Full Story |
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Markets | | | La-Z-Boy (NYSE:LZB) is an under-reported pandemic-winners that still has room to run, it’s that simple. The company is experiencing a robust rebound that has only accelerated since the calendar 2nd quarter. Read the Full Story |
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The Early Bird Stock Of The Day Clarivate Plc, an information services and analytics company, provides structured information and analytics for discovery, protection, and commercialization of scientific research, innovations, and brands. It offers Web of Science products and services, such as Web of Science, InCites, Journal Citation Reports, EndNote, ScholarOne, Converis, Publons, and Kopernio to organizations that plan, fund, implement, and utilize research; and Life Sciences products, including Cortellis and Newport Integrity for pharmaceutical and biotechnology companies to support research, market intelligence, and competitive monitoring in connection with the development and commercialization of new drugs. The company also provides Derwent products, which include Derwent Innovation, Techstreet, and IP Professional Services that enables its customers to evaluate the novelty of potential new products, confirm freedom to operate with respect to their product design, help them secure patent protection, assess the competitive technology landscape, and ensure that their products comply with required industry standards; CompuMark products, such as trademark screening, searching, and watching products and services for businesses and law firms; and MarkMonitor products, which helps enterprises to establish, manage, optimize, and protect their online presence. It serves government and academic institutions, life science companies, and research and development corporations in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. The company was formerly known as Clarivate Analytics Plc and changed its name to Clarivate Plc in May 2020. Clarivate Plc is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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