Good MorningThe S&P 500 and Dow Jones Industrial Average snapped three-day winning streaks on Tuesday putting an early end to the Santa Claus Rally. The decline comes just a day after the indices set new all-time highs and may lead to a deeper decline on Wednesday. There is growing evidence of weakness within the market that has it set up to fall 2-3% over the coming days.
The signs of weakness include tepid volume and divergences in both the MACD and stochastic indicators. Divergences are important signals for traders and investors to watch for. A divergence happens when a stock, index, or commodity moves to set a new high or a new low, and the indicators fail to match it. The caveat is that divergences do not always lead to market declines, at least not deep ones. With the market in an uptrend, it is possible a 2% to 3% decline will result in another buying opportunity.
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Stocks | | | Dividend-Growth Is On The Table In 2021
While the average market participant may sit back wondering whether dividends or growth is the better position for 2021 there is a third choice that investors should consider. Dividend-Growth stocks. Dividend-Growth stocks offer the best of both worlds ... Read the Full Story |
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Politics | | | World stocks rose Tuesday, with Japan’s Nikkei 225 benchmark hitting a 30-year high after President Donald Trump signed a $900 billion economic aid package.
Wall Street set fresh records on Monday after Trump opted not to veto the bill, helping to staunch uncertainty as governments ... Read the Full Story |
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Markets | | | Having watched their shares fall 90% in the six years prior to 2020, and then watching them slip under the $3 mark in April, investors in GameStop (NYSE: GME) must have surely been expecting to see their stock trade at $0.20 before it traded at $20 again. Read the Full Story |
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Tech | | | We streamed, we Zoomed, we ordered groceries and houseplants online, we created virtual villages while navigating laptop shortages to work and learn from home. In many ways, 2020′s pandemic-induced isolation threw our dependence on technology into overdrive, snipping away at our real-life connection... Read the Full Story |
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Politics | | | KIRKLAND, Wash. — The residents and staff members at a Seattle-area nursing home that had the first deadly COVID-19 outbreak in the United States began receiving vaccines on Monday.
The first death associated with the Life Care Center of Kirkland, Washington, was reported in late Feb... Read the Full Story |
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Markets | | | Information technology infrastructure company SolarWinds Corporation (NYSE: SWI) stock has been punished heavily from security and breaches on its Orion platform linked to Russian hacker groups. Shares have collapsed more than (-30%) since the first report on Dec. 13, 2020. Shares are down (-15%) mi... Read the Full Story |
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Politics | | | President Donald Trump’s push for $2,000 COVID-19 relief checks now rests with the Senate after the House voted overwhelmingly to meet the president's demand to increase the $600 stipends, but Republicans have shown little interest in boosting spending.
The outcome is highly uncertain... Read the Full Story |
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Politics | | | COLOMBO, Sri Lanka — Sri Lanka has reopened to tourists after more than nine months.
The Indian Ocean island nation closed to tourists in March, amid the first wave of the coronavirus. Authorities also closed the two main international airports.
The government says a pi... Read the Full Story |
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Markets | | | LIDAR technology company Velodyne Lidar, Inc. (NASDAQ: VLDR) stock has been a rollercoaster after its SPAC reverse merger on Sept. 29, 2020. The premier maker of light detection and ranging (LIDAR) sensor systems has seen a momentum surge in the segment as sentiment for autonomous vehicles improved.... Read the Full Story |
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Markets | | | A Long Road For Boeing
Boeing (NYSE:BA) is going on watch today as it’s best-selling plane returns to the skies. The first commercial flight in the U.S. resumed today with flights from American Airlines. The first flight is between New York and Miami with the return flight projected to be ful... Read the Full Story |
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The Early Bird Stock Of The Day Moderna, Inc., a biotechnology company, discovers, develops, and commercializes messenger RNA therapeutics and vaccines for the treatment of infectious diseases, immuno-oncology, rare diseases, autoimmune, and cardiovascular diseases in the United States, Europe, and internationally. Its respiratory vaccines include COVID-19, influenza, and respiratory syncytial virus, spikevax, and hMPV/PIV3 vaccines; latent vaccines comprise cytomegalovirus, epstein-barr virus, herpes simplex virus, varicella zoster virus, and human immunodeficiency virus vaccines; public health vaccines consists of Zika, Nipah, Mpox vaccines; and infectious diseases vaccines, such as lyme and norovirus vaccines. The company also offers systemic secreted and cell surface therapeutics; cancer vaccines, such as personalized cancer, KRAS, and checkpoint vaccines; intratumoral immuno-oncology products; rare disease intracellular therapeutics; and inhaled pulmonary therapeutics. It has strategic alliances and collaborations with AstraZeneca; Merck & Co., Inc; Vertex Pharmaceuticals Incorporated; Vertex Pharmaceuticals (Europe) Limited; Chiesi Farmaceutici S.p.A.; Metagenomi, Inc.; Carisma Therapeutics, Inc.; CytomX Therapeutics; Defense Advanced Research Projects Agency; Biomedical Advanced Research and Development Authority; Institute for Life Changing Medicines; and The Bill & Melinda Gates Foundation. The company was formerly known as Moderna Therapeutics, Inc. and changed its name to Moderna, Inc. in August 2018. Moderna, Inc. was founded in 2010 and is headquartered in Cambridge, Massachusetts. | | View Today's Stock Pick |
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