Good MorningThe equity markets continue to drift in the face of growing uncertainty. Not only is the fate of the American economy in question but so is the expectations for earnings. The Q4 earnings season is expected to show a sequential improvement from the prior period which is a good thing. The bad news is that the consensus estimates have trailed prices and has the market set up to beat a very low bar. If the average S&P 500 company doesn’t beat consensus by a wide enough margin profit-taking and correction could begin.
Tech shares led in Wednesday’s action with the Intel posting the largest gains. The company says its long-time CEO will be stepping down after years of sluggish growth and market share loss. The incoming CEO is expected to revitalize the world’s largest independent microchip manufacturer, recapture lost revenue, and put the company back on a path to growth.
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Politics | | | Global stocks were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on the U.S. Capitol.
London and Frankfurt opened little-changed. Tokyo, Sydney and Seoul advanced. Shanghai ... Read the Full Story |
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Markets | | | Electric vehicle (EV) manufacturer Arcimoto, Inc. (NASDAQ: FUV) stock is starting to awake after a month long range bound price compression. The momentum in EV stocks continues to accelerate as Tesla (NASDAQ: TSLA) shares continue to make new all-time highs Read the Full Story |
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Markets | | | California-based electric vehicle (EV) manufacturer Canoo Holdings Ltd. (NASDAQ: GOEV) stock went public through reverse merger on Dec. 22, 2020. Shares are just starting to solidify a base after collapsing nearly (-50%). Read the Full Story |
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From Our PartnersWashington is running out of money…And guess where they'll look next?
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Markets | | | That’s why investors should be looking to buy a company like Skillz Inc (NYSE:SKLZ) at this time, as it’s the first publicly-traded mobile esports platform. Let’s take a deeper look at Skillz Inc below. Read the Full Story |
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Politics | | | Millions of Chinese are lining up in subzero temperatures to receive a second round of coronavirus tests in a city south of Beijing that is at the heart of China’s most serious latest outbreak of COVID-19 Read the Full Story |
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From Our PartnersBehind closed doors, away from the mainstream media's eyes, the smartest minds in crypto are all seeing the same signals. They're positioning themselves for something unprecedented.
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Politics | | | PHOENIX — Arizona high school sports officials have voted to allow winter sports, reversing a decision made four days earlier to cancel the season because of the coronavirus pandemic.
The Arizona Interscholastic Association voted 5-4 to reinstate basketball, soccer and wrestling. The... Read the Full Story |
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Politics | | | WICHITA, Kan. — Students in Wichita, Kan., are resuming in-person learning, and bars and restaurants in the Kansas City area can stay open later while keeping limits on capacity because of the pandemic.
The Wichita school district is bringing elementary students back to classrooms We... Read the Full Story |
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Tech | | | CES, the annual gadget show that showcases the buzziest and brightest tech, looks different this year — less Vegas glitz, more internet efficiency. With no physical conference in Las Vegas due to the pandemic, 1,800 companies are instead taking to streaming video to show off new products and technol... Read the Full Story |
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Markets | | | Acacia Communications: A Component Worth More Than The Total
Acacia Communiciations, Inc (NASDAQ:ACIA) made big headlines a week or so ago when it terminated a take-over offer from Cisco (NASDAQ:CSCO). The deal was set to close within the current quarter but Acacia pulled the plugged stating Cisco ... Read the Full Story |
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Markets | | |
It would have been easy to succumb to despair this holiday season, and believe that little shopping would be done for gifts that weren't canned goods or toilet paper. Target (NYSE:TGT) bucked such a depressing trend in a very big way, and turned in a holiday shopping season that actually made the ... Read the Full Story |
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The Early Bird Stock Of The Day The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders. This segment also provides irrigation and lighting products that consist of sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, coupling systems, and ag-irrigation drip tape and hose products, as well as professionally installed landscape lighting products offered through distributors and landscape contractors. The Residential segment provides walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solution products that include grass and hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, hoses, and hose-end retail irrigation products. It sells its products through a network of distributors, dealers, mass retailers, hardware retailers, equipment rental centers, home centers, and online. The company was founded in 1914 and is headquartered in Bloomington, Minnesota. | | View Today's Stock Pick |
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