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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Politics | | As the ravages of the novel coronavirus forced millions of people out of work, shuttered businesses and shrank the value of retirement accounts, the Dow Jones Industrial Average plunged to a three-year low.
But for Sen. David Perdue, a Georgia Republican, the crisis last March signal... 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 | | Global shares were mostly higher Thursday, although Wall Street had taken a pause from the market optimism underlined in a record-setting climb earlier in the week.
U.S. markets will be closed Thursday for the Thanksgiving holiday. They will be open for half the day on Friday, closing... Read the Full Story >> |
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From Our PartnersThere's plenty of growth in store for biotech. For one, the sector is still one of the safest, most recession-proof investments around. Two, an aging population will demand new, aggressive treatments to treat a myriad of issues. And three, with COVID-19 treatments desperately needed, biotech has taken center stage. | Click Here to Download the FREE Report |
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Politics | | Asian shares were mostly higher Thursday, after Wall Street took a pause from the optimism underlined in a record-setting climb earlier in the week.
A reality check appeared to be setting in amid the ongoing coronavirus pandemic, and a batch of discouraging data on the U.S. economy, i... Read the Full Story >> |
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Tech | | The Trump administration on Wednesday effectively killed a contentious proposed mine in Alaska, a gold and copper prospect once envisioned to be nearly as deep as the Grand Canyon and could produce enough waste to fill an NFL stadium nearly 3,900 times — all near the headwaters of the world’s larges... 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 | | BERLIN — Germany has passed the grim milestone of more than 15,000 deaths from the coronavirus.
The Robert Koch Institute, the country’s disease control center, said Thursday that another 389 deaths were recorded overnight, bringing the total since the start of the pandemic to 15,160... 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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Markets | | There are a lot of excellent companies that will benefit from pent up demand, but eBay (NASDAQ: EBAY) isn’t one of them. Nevertheless, eBay shares have a chance to turn into one of the best investments of 2021.
Read the Full Story >> |
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Markets | | Cloud-based customer engagement platform eGain Corporation (NASDAQ: EGAN) shares were punished on its Q1 Fiscal 2021 earnings release. While still trading above its pre-pandemic February highs, it’s still outperforming the benchmark S&P 500 index (NYSEARCA: SPY). As we get closer to ... Read the Full Story >> |
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The Early Bird Stock Of The Day Entegris, Inc. develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH). The MC segment solutions to purify critical liquid chemistries and process gases used in semiconductor manufacturing processes and other high-technology industries; integrated circuit chemical mechanical polishing solutions, high-performance etch and clean chemistries, gases and materials, and safe and materials delivery systems. The MS segment provides materials-based solutions, such as chemical mechanical planarization slurries, pads, deposition materials, process chemistries and gases, formulated cleans, etchants, and other specialty materials. The Advanced Materials Handling segment develops solutions for customers' yields by protecting critical materials during manufacturing, transportation, and storage, which include monitor, protect, transport and deliver critical liquid chemistries, wafers, and other substrates for semiconductor, life sciences and other high-technology industries. The company's customers include logic and memory semiconductor device manufacturers, semiconductor equipment makers, gas and chemical manufacturing companies, and wafer grower companies; and flat panel display equipment makers, panel manufacturers, and manufacturers of hard disk drive components and devices, as well as their related ecosystems. It serves manufacturers and suppliers in the solar and life science industries, electrical discharge machining customers, glass and glass container manufacturers, aerospace manufacturers, and manufacturers of biomedical implantation devices. Entegris, Inc. was founded in 1966 and is headquartered in Billerica, Massachusetts. | View Today's Stock Pick |
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