Good MorningThe broader equities market continued to simmer on Wednesday with the market hovering just below the recently set all-time high. The S&P 500 gained about 0.50% during the session and closed within an arms reach of a new high.
The next cue for the market could come from Washington. The fate of the freshly passed COVID-19 bill came into question following harsh criticism from President Trump. The President indicated the bill may not get signed by him if changes aren't made.
Thursday trading will probably be very light unless there is movement on the relief bill. The trading day is shortened by 3 hours with most major markets closing at 1 PM but next week things may change. With the New Year fast approaching and stimulus still in question we could see market participants start taking money off of the table. A move below 3636 on the S&P 500 would be significant and could lead the market into a correction.
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Politics | | | Global stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid plan and the World Bank said it expects China to eke out 2% growth this year and accelerate in 2021.
London and Frankfurt opened higher and Shanghai, Tokyo and Hong Kong ... Read the Full Story |
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Markets | | | Movie theater chain Cinemark Holdings, Inc. (NYSE: CNK) stock is down over (-70%) year-to-date (YTD) compared to the 15.5% performance for the benchmark S&P 500 index (NYSEARCA: SPY). The movie theater business has been ravaged by the pandemic and the recent announcements of same-day strea... Read the Full Story |
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It's not always clear what makes a company great, let alone a great buy. Recently, though, Cloudera (NYSE:CLDR) has made some major moves in that vein, picking up new capital and working to improve its share price via some comparatively familiar measures. These measures together add up to a reason... Read the Full Story |
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Markets | | | The Ford F-150 has long been the pickup truck to beat, not to mention the top-selling vehicle of any kind in the country. But Fiat Chrysler Automobiles took many by surprise when it introduced the tech-savvy Ram 1500 pickup truck in 2018 for the 2019 model year.
The 1500 set new stan... Read the Full Story |
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Politics | | | SEOUL, South Korea — South Korea has added 1,092 new coronavirus cases in a resurgence that is erasing hard-won epidemiological gains and eroding public confidence in the government’s ability to handle the outbreak.
The national caseload has jumped by a quarter in the last two weeks ... Read the Full Story |
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Politics | | | LIMA, Peru — Peru has passed 1 million confirmed cases of coronavirus infection. It is the fifth nation in Latin America to report that number as the region struggles with the pandemic’s economic and health effects.
Peru’s government was quick to declare lockdown measures for its 32 ... Read the Full Story |
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Markets | | | Seven train cars carrying crude oil derailed Tuesday and five caught fire, sending a large black plume of smoke into the sky north of Seattle close to the Canadian border, authorities said.
The derailment in the downtown Custer area closed nearby streets and spurred evacuation orders... Read the Full Story |
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Markets | | | Cintas As A Way To Invest In COVID-19 Vaccines
You can rest assured that any and all stocks related to the vaccine are going to pop. Whether or not the pop has legs remains to be seen. Not all vaccine plays will be true winners and not all will stand the test of time. Or will they? This may seem li... Read the Full Story |
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Markets | | | 2020 hasn’t been a normal year, and the 2020 holiday shopping season won’t be normal either. Normally, people would descend upon malls en masse, leading to packed stores and long lines. But this year, coronavirus fears and social distancing requirements will prevent malls from reaching f... Read the Full Story |
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Markets | | | Shares of department store retailer Nordstrom (NYSE: JWN) have more than doubled since being highlighted in our October 2, 2020, MarketBeat Original article “Nordstrom (NYSE: JWN) Stock Becoming a Bargain Basement Buy” Read the Full Story |
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The Early Bird Stock Of The Day Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. The Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. The company was founded in 1858 and is headquartered in Cincinnati, Ohio. | | View Today's Stock Pick |
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