Good MorningEquities traded mostly flat on Wednesday ahead of the Thanksgiving Holiday leaving the S&P 500 on track for its best month since early spring. The move was led by tech but gains in one sector were offset by losses in another as mixed data and an uncertain future weigh on prices. On the economic front, the data is positive but there are signs the recovery is weakening.
The most telling is a rise in first-time jobless claims. The rise in short-term unemployment is due to rising numbers of COVID-19 cases and could be the precursor to another shutdown. The last economic shutdown cost the U.S. economy 32% in GDP and put more than 20 million people out of work. Another shutdown could be just as bad if not worse. Until then, the outlook for earnings continues to brighten and should keep the indices trading at near all-time highs if not setting new ones.
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Markets | | | Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time.
The Dow rose 454.97 points, or 1.5%, to close at 30,046.24. Investors were encouraged by progress in the development of coronavirus vaccines and news that ... Read the Full Story |
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Politics | | | Global shares are mostly higher after the Dow Jones Industrial Average closed above 30,000 points for the first time despite the pandemic, as progress in development of coronavirus vaccines keeps investors in a buying mood Read the Full Story |
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Markets | | | Diversified energy materials development company Westwater Resources, Inc. (NASDAQ: WWR) stock has recently surged on the electric vehicle (EV) stock mania. Shares are looking to wildly outperform the benchmark S&P 500 index (NYSEARCA: SPY). As money flows into EV related companies ranging from ... Read the Full Story |
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Politics | | | NASHVILLE, Tenn. — Tennessee’s governor says that once coronavirus vaccines become available, they will be optional in the state’s K-12 public schools.
Gov. Bill Lee said Tuesday that vaccines will be very important for Tennessee to “ultimately really be able to handle” the pandemic. ... Read the Full Story |
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Markets | | | Social media platform Pinterest, Inc. (NYSE: PINS) stock has surprised the markets blowing away analyst expectations even after the heads up from Snapchat (NASDAQ: SNAP) earnings. The platform grew its global users to over 442 million. The visual discovery platform where people post up inspirational... Read the Full Story |
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Politics | | | With major COVID-19 vaccines showing high levels of protection, British officials are cautiously — and they stress cautiously — optimistic that life may start returning to normal by early April.
Even before regulators have approved a single vaccine, the U.K. and countries across Europ... Read the Full Story |
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Politics | | | Enbridge filed a legal challenge Tuesday to Michigan Gov. Gretchen Whitmer's recent demand that the company shut down its oil pipeline that crosses the waterway connecting Lake Huron and Lake Michigan.
The Canadian company accused the state of overstepping its bounds, arguing that Enb... Read the Full Story |
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Markets | | | Hormel Foods (NYSE:HRL) reported a decent 3rd quarter and yet shares are down more than 5.0% on the news. For those wondering why there are three primary factors in play that will eventually lead to another buying opportunity. Read the Full Story |
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For decades, General Electric (NYSE:GE) was one of the most respected and renowned industrial companies in the United States. The stock was one of the most reliable performers in the market and consistently rewarded investors with dividend increases over the years. However, the company experienced... Read the Full Story |
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Markets | | | Anaplan, Inc; A Small-Cap Tech Growth Story
Anaplan, Inc (NYSE:PLAN) is emerging as a small-cap growth story for 2021 and beyond. The company operates a cloud-based SaaS platform that connects disparate segments of business for planning purposes. This may not sound like much but when it comes to co... Read the Full Story |
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The Early Bird Stock Of The Day Power Integrations, Inc. designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems. It also offers high-voltage diodes; InnoSwitch IC for electric vehicles; high-voltage gate-driver products used to operate high-voltage switches, such as insulated-gate bipolar transistors and silicon-carbide MOSFETs under the SCALE and SCALE-2 product-family names; and SCALE-iDriver for use in powertrain and charging applications for electric vehicles. In addition, the company provides motor-driver ICs for use in refrigerator compressors, ceiling fans, and air purifiers, as well as pumps, fans, and blowers used in consumer appliances, such as dishwashers and laundry machines. It serves communications, computer, consumer, and industrial markets. The company sells its products to original equipment manufacturers and merchant power supply manufacturers through direct sales staff, as well as a network of independent sales representatives and distributors. Power Integrations, Inc. was incorporated in 1988 and is headquartered in San Jose, California. | | View Today's Stock Pick |
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