Good MorningStocks tried to rally right out of the gate on Monday but the move was short-lived. The S&P 500 topped out near 0.5% higher on the day then gave up all of the gains and more. While vaccine news continues to stoke hope, the rising number of COVID cases and widening lockdowns have the market on edge. What investors need to remember is that it will take months if not several quarters for enough doses of the vaccine to make full economic reopening a viable proposition.
The action on Monday was light but might be foreshadowing a deeper move to come. The high of the day was a hair short of the all-time high and a confirmation of resistance at the level. The question that needs to be answered now is if the market will pull back a little or a lot. With most major momentum indices pointing lower the odds of at least a little pullback are very high.
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Stocks | | | Even though many of these companies have had to deal with short-term issues caused by the pandemic, there’s a lot for investors to like about the companies that are keeping the world connected. Here are 3 telecom stocks that stand out at this time: Read the Full Story |
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Politics | | | Shares advanced in world markets on Monday as investors watched for developments in Britain’s trade talks with the European Union and on a new round of aid for American businesses and workers.
The EU's chief negotiator Michel Barnier said Monday he believes a Brexit trade agreement i... Read the Full Story |
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Markets | | |
What we are currently witnessing in the IPO market is truly fascinating. Some would even call it a buying frenzy. There’s no shortage of new companies for investors to choose from, thanks to over 447 IPOs on the U.S. stock market this year. That’s an increase of over 96.9% from 2019 an... Read the Full Story |
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Markets | | |
With corporate borrowing rates at historic lows, most companies have opted to tap into the debt market to bolster liquidity and fund growth initiatives. But others have stayed clear of debt instead preferring to rely solely on the equity markets.
There are merits to both capital raising approache... Read the Full Story |
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Politics | | | Shares were mostly higher in Asia on Monday, shrugging off a weak close last week on Wall Street as hopes for a new round of aid for American workers and businesses faded.
Benchmarks rose in Tokyo, Shanghai and Sydney. Hong Kong’s Hang Seng declined. U.S. futures were higher.
... Read the Full Story |
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Politics | | | LONDON — Family doctors in England are set to start COVID-19 inoculations this week, in the latest stage of the U.K.’s mass vaccination program.
The National Health Service said hundreds of general medical clinics across England are taking delivery of the Pfizer-BioNtech vaccine on Mo... Read the Full Story |
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Politics | | | Germany’s health minister has expressed impatience that the European Union is still waiting for its regulatory agency to approve a coronavirus vaccine, Other officials, meanwhile, urged Germans to forgo Christmas shopping two days before a new hard lockdown will close schools and shut most stories Read the Full Story |
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Politics | | | BERLIN — German pharmaceutical company CureVac says it has enrolled the first participant in the phase 3 clinical study of its mRNA-based COVID-19 vaccine candidate. The Tuebingen-based company says the study is expected to include more than 35,000 participants at sites in Europe and Latin America.
... Read the Full Story |
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Markets | | | Those disruptions are tied to the trade war (remember that?) and were only exacerbated by the pandemic. Now, three quarters into the crisis, operators like Hooker Furniture (NASDAQ:HOFT) are in a rebound that will last for at least another three. Read the Full Story |
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Stocks | | | Basically, the trade war sparked an improvement in operational efficiencies that have the industry set up for profits now. Not only have the industry’s supply chain issues been largely mitigated but margins are widening and business is accelerating. Read the Full Story |
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The Early Bird Stock Of The Day SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. In addition, it provides debit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust management services; and credit cards, letters of credit, and home equity lines of credit. The company also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida. | | View Today's Stock Pick |
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