Good MorningThe broad equities market staged a solid rebound on Tuesday following Monday’s late-day weakness. The market opted in favor of the ongoing economic rebound and the outlook for earnings following some bullish news about Apple. Sources from Japan say Apple’s orders for iPhone components for the first quarter of 2021 are 30% above the same time last year. Shares of Apple gained nearly 5.0% on the news to set a new three-month high.
In other news, the Industrial Production Index for November was reported on Tuesday. The index advanced 0.40% to beat the consensus of 0.20% as economic activity in the U.S. ramps higher. The next big gauge of the economy due out is the retail sales figures on Wednesday. It will be the last read on the economy before the FOMC meeting later in the day.
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Politics | | | Australia’s prime minister said Tuesday that China would be violating World Trade Organization rules and a bilateral free trade agreement if it banned Australian coal.
Prime Minister Scott Morrison was replying to a report in China’s state-owned Global Times newspaper that said Beijin... Read the Full Story |
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Stocks | | | The investment thesis for music industry stocks is simple - people will always enjoy listening to their favorite music regardless of what’s going on in the world, and companies that offer a convenient and accessible way to do so could see strong earnings growth over the years Read the Full Story |
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Stocks | | | The Post-Pandemic Vaccine Trade
While we are not yet out of the woods the progress of vaccine development and distribution has altered the course of the pandemic. With an end more-clearly in the market’s sights, the industries worst hit by the COVID-19 shutdowns are ready to spring back. This... Read the Full Story |
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Politics | | | Shares have opened higher in Europe after a lackluster day in Asia as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic Read the Full Story |
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Politics | | | BERLIN — Germany’s health minister has increased his pressure on the European Union’s regulatory agency and demanded that a coronavirus vaccine will be approved before Christmas.
The news agency dpa reported Tuesday that health minister Jens Spahn said “our goal is an approval before... Read the Full Story |
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Politics | | | TAIPEI, Taiwan — Taiwan has set a goal to vaccinate 60% of its population with a COVID-19 vaccine, or 15 million people, a health official said Tuesday.
Taiwan has signed an agreement with COVAX to purchase a COVID-19 vaccine, but is also actively in talks with vaccine companies who h... Read the Full Story |
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Politics | | | An oil tanker off Saudi Arabia's port city of Jiddah suffered an explosion early Monday after being hit by “an external source,” a shipping company said, suggesting another vessel has come under attack off the kingdom amid its yearslong war in Yemen.
The attack on the Singapore-flagg... Read the Full Story |
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Markets | | |
When the Pfizer (NYSE: PFE) vaccine news was released, the market spent the next trading session (November 9) sorting out the winners and the losers. Peloton (NASDAQ: PTON) shareholders were fearful about the company’s ability to thrive in a post-vaccine world, and rushed to the exits; by th... Read the Full Story |
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Markets | | |
Drugmakers have been closely watched over the last several months, whether it's because they had direct skin in the game in the race for a COVID-19 vaccine, or because they were working on addressing some of the diseases out there that had nothing to do with COVID-19. Eli Lilly (NYSE:LLY) recently... 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 Marsh & McLennan Cos., Inc. is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services. The Consulting segment offers health, wealth, and career solutions and products, and specialized management, strategic, economic, and brand consulting services. The company was founded by Henry W. Marsh and Donald R. McLennan in 1871 and is headquartered in New York, NY. | | View Today's Stock Pick |
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