Good MorningThe equities market crept up to set another new all-time high on Wednesday following reported progress on economic stimulus. The latest reports say the two sides are closing in on a deal that now includes stimulus checks for most Americans. The caveat is that this deal, while a shot in the arm for economic activity, is far less than the proposal for nearly $2 trillion in aid that helped drive the market to these new heights.
Wednesday’s trading was helped by the FOMC. The FOMC held the last policy meeting of the year and held interest rates unchanged. In addition, Fed chief Jerome Powell says the Federal Reserve Bank is prepared to keep buying U.S. securities until there is substantial progress in the data. This means U.S. investors can expect the easy-money policy that has been driving the market to stay in place for many quarters to come.
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Markets | | | World markets advanced on Wednesday after revived hopes for more aid for the U.S. economy broke a four-day losing streak on Wall Street.
Benchmarks were higher in most major markets but unchanged in Shanghai. U.S. futures also climbed higher.
Overnight, the S&P 50... Read the Full Story |
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From Our Partners | | Bitcoin just smashed through $122,000 — exactly as crypto analyst Juan Villaverde predicted.
Now he says it’s headed for $150K… but believes one lesser-known coin could outperform Bitcoin entirely. He’s sharing the name and setup behind it — just as we enter what he calls the biggest crypto bull run in history. | | See the coin Juan says could beat Bitcoin in this bull market |
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Markets | | | Shares rose in Asia on Wednesday after revived hopes for more aid for the U.S. economy broke a four-day losing streak on Wall Street.
Japan reported weaker than expected export data for November, despite a recovery in trade with China, its biggest market.
Overnight, t... Read the Full Story |
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Markets | | |
Hearing about stock downgrades generally gives investors at least a little pause. After all, if an analyst thinks less of a stock today than he or she did just days prior, it's clear that something must have happened to make that perception change. If a perception changes, what happens to the inve... Read the Full Story |
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From Our Partners | | Having tracked more than one million analyst recommendations over the last decade, MarketBeat All Access is your shortcut to know which experts to follow and which to ignore. | | Learn More Here |
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Markets | | | The shift to social distancing will pass for some industries but has only reinvigorated the love of outdoor recreation shared by so many American’s. And that’s is core to why Winnebago (NYSE:WGO) is a buy before it reports earnings on 12/18/2020. Read the Full Story |
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Politics | | | Britain's easing of restrictions for family gatherings over Christmas looks like it's still on despite a sharp spike in new coronavirus infections that's raised fears of another wave of cases and deaths in the new year.
Britain's communities secretary, Robert Jenrick, said further dis... Read the Full Story |
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Thanks to President Trump's America-First policies, a historic wave of investment is flooding back into the United States: Apple committing a colossal $500 billion to build new U.S. factories. Microsoft injecting $80 billion into domestic manufacturing. Nvidia moving critical chip production back to America.
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Tech | | | Google has hired a top executive from pharmaceutical company AstraZeneca to oversee its personnel policies amid ongoing tensions with many employees who are upset with the company's policies.
The hiring of Fiona Cicconi also comes while Google sets up plans to allow people to continue... Read the Full Story |
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Politics | | | MONTREAL — Quebec’s premier is closing all non-essential businesses across the Canadian province from Christmas until at least Jan. 11.
Premier Francois Legault says that big box stores will be prohibited from selling any goods that are deemed non-essential. The premier is also forci... Read the Full Story |
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Markets | | | Movie theatre technology systems developer IMAX Corporation (NYSE: IMAX) stock is still underperforming the benchmark S&P 500 index (NYSEARCA: SPY) but weathering the recent bombshell decision by Disney (NYSE: DIS) Read the Full Story |
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Stocks | | | Growth Isn’t Off The Table
Hyper-growth, that ever-elusive massive ramp-up in revenue as businesses begin to scale. It is what VCs, CEOs, and startups all dream about because it means a rapid expansion of revenue, earnings, and profits. What it means for the market is a business t... Read the Full Story |
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Markets | | | Lithium-ion battery technology company Microvast is planning a reverse merger through a special purpose acquisition company (SPAC) called Tuscan Holdings Corporation (NASDAQ: THCB). Shares have seen a surge due to the momentum of the best performing EV battery SPAC to date QuantumScape Corpora... Read the Full Story |
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The Early Bird Stock Of The Day Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It provides issuance and renewal services; sales related services, including agent compensation, and sales and advertising support services; underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. The company was incorporated in 1925 and is based in Erie, Pennsylvania. | | View Today's Stock Pick |
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