Good MorningThe equity market had a mixed day on Thursday first down on data and COVID news, then up on stimulus hopes. On the employment front, the number of new claims for unemployment rose for the first time in months. The rise is in response to widening lockdowns and may continue to climb in the coming weeks.
The Philly Fed MBOS is another concerning data point. It came in at an expansionary 26 but down sharply from the previous month. The better news concerns housing sales and leading indicators. Housing sales accelerated faster than expected while the Index of Leading Indicators points to economic expansion.
Regarding stimulus talks. Senate Minority Leader Chuck Schumer says Majority Leader Mitch McConnel has agreed to restart negotiations. The catch is the Senate is still out on recess and there is no indication either side will concede on sticking points.
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This year has dramatically changed the consumer shopping landscape. The pandemic has altered the way we buy both essential and non-essential goods and accelerated e-commerce growth globally.
So, it stands to reason that certain consumer-related stocks should continue to benefit from the unusual s... Read the Full Story |
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Markets | | | A late-afternoon slide on Wall Street dragged stocks broadly lower Wednesday, wiping out early gains and adding to losses from a day earlier as investors worry about the economic fallout from surging coronavirus cases in the U.S.
The S&P 500 fell 1.2%. It had been up 0.3% in the ... Read the Full Story |
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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 | | | Most Asian stock markets followed Wall Street lower on Thursday as anxiety about the economic fallout from rising coronavirus infections in the United States and Europe clashed with optimism about a possible vaccine.
Tokyo, Hong Kong and Seoul declined, while Shanghai advanced.
... Read the Full Story |
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Markets | | | Embattled Northern California utility PG&E Corp. has lured away the top executive at Michigan’s largest power provider to steer its effort to restore a reputation tarnished by years of neglectful conduct that culminated in a series of deadly wildfires Read the Full Story |
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Markets | | | Electric vehicle (EV) company Kandi Technologies Group, Inc. (NASDAQ: KNDI) stock has seen interest in recent months as the EV craze pivoted from Tesla (NASDAQ: TSLA) to Chinese EV makers. With the recent earnings blowout momentum from Chinese EV makers like Xpeng (NYSE: XPEV) and Li Auto (NYSE: LI)... Read the Full Story |
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Markets | | | Global stocks were mostly lower Thursday after Wall Street slid amid anxiety over the economic fallout from rising coronavirus infections in the United States and Europe.
Markets in London, Tokyo, Frankfurt and Hong Kong declined, while Shanghai advanced.
On Wall Street... Read the Full Story |
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Politics | | | BERLIN — Germany’s disease control agency says the coronavirus situation in the country remains serious but there are signs that lockdown measures are slowing the spread of the virus.
The Robert Koch Institute reported 22,609 new confirmed cases of COVID-19 in the past day, and 251 ad... Read the Full Story |
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Markets | | | Target Is A Clear Winner
Target (NYSE:TGT) has long been a favorite of mine. The stock has gained more than 100% since I first called it a buy and there are more gains still to come. Strictly speaking from the perspective of value, the stock is trading about 22X this year’s earnings and in-li... Read the Full Story |
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The good news about this whole COVID-19 mess, if anything about it can be said to be good news, is that it has focused science to a degree probably not thought possible on several fronts. Vaccine development has taken off like a skyrocket, and now, we have several candidates well on their way thro... Read the Full Story |
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The Early Bird Stock Of The Day Equifax Inc. operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship. The USIS segment provides consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting services; mortgage services; financial marketing services; identity management services; and credit monitoring products. The International segment offers information service products, which include consumer and commercial services, such as credit and financial information, and credit scoring and modeling; and credit and other marketing products and services, as well as offers information, technology, and other services to support debt collections and recovery management. The company serves customers in financial services, mortgage, retail, telecommunications, utilities, automotive, brokerage, healthcare, and insurance industries, as well as government agencies. It operates in Argentina, Australia, Brazil, Canada, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Honduras, India, Ireland, Mexico, New Zealand, Paraguay, Peru, Portugal, Spain, the United Kingdom, Uruguay, and the United States. The company was founded in 1899 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
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