Good MorningGlobal equities markets breathed a sigh of relief on Monday after President Trump signed the latest COVID-19 relief bill into law. The signing ended months of uncertainty and helped spur the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite to new all-time highs. The move also ushers in the so-called Santa Claus Rally and could lead to more new highs later in the week.
With COVID 19 relief on the way, the next big hurdle for the markets will be earnings. The fourth-quarter earnings reporting cycle begins in less than three weeks and could mark a turning point for the markets. Up until now, the outlook for earnings has been improving. If that situation changes for any reason global equities are more likely to fall than not. Until then, investors should stay focused on their investment goals and avoid knee-jerk reactions to market news.
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Politics | | | European Union nations have unanimously approve the post-Brexit trade deal with the United Kingdom, a prerequisite for the agreement to come into operation on New Year’s Day.
Germany, which holds the EU presidency, said the decision came during a meeting of EU ambassadors to assess th... Read the Full Story |
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Politics | | | Four days after sealing a free trade agreement with the European Union, the British government is warning businesses to get ready for disruptions and “bumpy moments” when the new rules take effect Thursday night Read the Full Story |
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Markets | | | Satellite TV, wireless and broadband provider DISH Network Corporation (NASDAQ: DISH) stock has been punished in December trading down (-13%) year-to-date (YTD) versus the 14% YTD performance of the benchmark S&P 500 index (NYSEARCA: SPY). Read the Full Story |
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Politics | | | Japanese Prime Minister Yoshihide Suga says he plans to submit legislation that will make coronavirus measures legally binding for businesses, punish violators and include economic compensation as his government struggles to slow the ongoing upsurge Read the Full Story |
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Politics | | | President Donald Trump has signed a $900 billion pandemic relief package that will deliver long-sought cash to businesses and individuals. It also averts a government shutdown.
Two people familiar with the president’s action tell The Associated Press that the president has signed the ... Read the Full Story |
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Politics | | | President Donald Trump has signed a $900 billion pandemic relief package that will deliver long-sought cash to businesses and individuals.
A congressional Republican aide tells The Associated Press that the president has signed the measure. The aide was not authorized to discuss the m... Read the Full Story |
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Stocks | | |
While the S&P 500 up about 14% year-to-date, there have been some standout performers. Including the newly added Tesla, nine of the index's components have at least doubled so far this year. Some may have peaked for the moment, but others appear to have plenty more room to run. Here we review ... Read the Full Story |
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Markets | | |
When you start to think about all of the different applications for cloud software in the world, it’s easy to see why investors have been scooping up shares of companies in the sector. Cloud computing helps companies achieve better business efficiencies, more flexibility, cost savings, incre... Read the Full Story |
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Markets | | | Clinical stage biotechnology company Moderna, Inc. (NASDAQ: MRNA) stock has been in the forefront during the pandemic in the battle against COVID-19. Shares are still up over 500% year-to-date (YTD) as vaccine approval and distribution is well underway. While shares have peaked at $178.50, the sell-... Read the Full Story |
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Markets | | |
Back in August, Beazer Homes (NYSE: BZH) staged a powerful breakout, with the move coming on high volume and the closing price right around the day’s highs.
After slowly, but steadily increasing for much of the fall, Beazer formed a four-week base between mid-November and mid-December. On T... Read the Full Story |
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The Early Bird Stock Of The Day Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. H&P's fleet includes 299 land rigs in the U.S., 31 international land rigs and eight offshore platform rigs. | | View Today's Stock Pick |
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