Good MorningThe S&P 500 crept up to set another new all-time high on Tuesday as investors bet on economic growth. The S&P 500 advanced about 0.35% lagging the blue-chip Dow Jones Industrial Average and the tech-heavy NASDAQ Composite which posted gains closer to 0.50%. Both the NASDAQ Composite and Dow Jones Industrials are trading at all-time highs as well.
Tuesday’s moves are driven more by hope than anything else. The roll-out of COVID vaccinations in the UK bolstered the idea that vaccines would soon be widely available. In addition, hope that a stimulus bill will be passed by Congress persist despite lingering sticking points. Even if the current bill is passed as written, it is far less than what the market was hoping for and maybe too little too late for the indices.
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Markets | | | Global stocks and U.S. futures declined Tuesday as surging coronavirus infections in the United States and some other countries tempered investor optimism over development of possible vaccines.
Markets in London, Shanghai, Tokyo and Hong Kong declined. Frankfurt and Paris were little ... Read the Full Story |
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Tech | | | Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic.
Self-driving vehicle technology company Aurora will acquire the employees and technology behind Uber's Advanced Technologies... Read the Full Story |
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Stocks | | | The truth is that the pet industry was strong even before the health crisis, as Americans spent over $95.7 billion on their pets in 2019. That number should increase substantially this year and pandemic has helped to improve the sales of companies offering pet products and services Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Stocks | | | The Analysts Are Leading The Market Higher
The analyst's upgrades keep rolling in and they are leading the market higher. The good news is that results continue to outpace the analyst's consensus estimates which means the upgrades will keep coming in. Among the latest news is warming sentime... Read the Full Story |
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Politics | | | Morocco is gearing up for an ambitious COVID-19 vaccination program, aiming to vaccinate 80% of its adults in an operation starting this month that's relying initially on a Chinese vaccine that has not yet completed advanced trials to prove it is safe and effective.
The first injectio... 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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Politics | | | Phil Griffin is stepping down as the longtime president of MSNBC, to be replaced early next year by rising NBC News executive Rashida Jones.
Griffin, 64, has worked at NBC News for 35 years and has been president of MSNBC since 2008. With a primetime lineup led by Rachel Maddow, it ha... Read the Full Story |
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Markets | | | Building an oil pipeline tunnel beneath a channel linking two of the Great Lakes would risk environmental devastation, opponents said Monday, while supporters argued that rejecting the plan would further damage a Michigan economy already reeling from the coronavirus.
Both sides in a m... Read the Full Story |
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Markets | | |
Rocket Companies (NYSE:RKT) stock exploded following its August 6th IPO. Shares of the online mortgage lender nearly doubled a month after its market debut amid a hearty investor appetite for fresh e-commerce offerings.
Since then the stock has come back down to Earth as the usual IPO euphoria di... Read the Full Story |
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Markets | | | Outdoor footwear and apparel manufacturer Wolverine World Wide, Inc. (NYSE: WWW) stock has finally regained its February pre-COVID price levels but is still underperforming the benchmark S&P 500 index (NYSEARCA: SPY). Read the Full Story |
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Markets | | | Home Depot Buys More Growth
Home Depot (NYSE:HD) has been a pandemic-winner from the get-go and much of the revenue gains are expected to stick. If you are wondering if Home Depot is still a buy let me assure you that it is. The company is not only still growing on an organic and expansion basis bu... Read the Full Story |
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The Early Bird Stock Of The Day Abercrombie & Fitch Co. engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa. The APAC segment includes operations in the Asia-Pacific region, including Asia and Oceania. The company was founded by David Abercrombie in 1892 and is headquartered in New Albany, OH. | | View Today's Stock Pick |
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