Good MorningStocks pulled back from their highs on Thursday while investors wait on the details of President-Elect Biden’s COVID relief plan. The plan is expected to include another round of individual stimulus checks but faces stiff opposition in Congress. With only the narrowest of majorities in both the House and the Senate Democratic leaders will need the aid of Republicans to pass any major legislation.
Friday marks the kickoff of peak earnings season. Reports from JP Morgan Chase, Wells Fargo and Citigroup are all expected to move markets on better than expected earnings and positive guidance. The big banks are expected to have returned to YOY growth in the 4th quarter of 2020 setting them up for increased buybacks and dividends in 2021. The risk is the same as it has been, if the banks fail to impress the market there is a risk for a market correction.
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Markets | | | Cloud storage platform Dropbox (NASDAQ: DBX) stock has been elevated on takeover speculation that started in December 2020. The Company has grown it’s registered user base to over 600 million worldwide spanning over 180 countries. Read the Full Story |
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From Our PartnersWith most investors focused on big tech, a frenzy is quietly erupting in one tiny sector, with gains like 500% in two months and 104% in a single day. | | Click Here... |
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Politics | | | Shares were mostly higher Thursday in Asia as traders waited to see details of President-elect Joe Biden’s plan for helping the economy recover from the coronavirus crisis.
Benchmarks rose in Hong Kong, Tokyo and Sydney but fell in Shanghai.
U.S. futures were trading ... Read the Full Story |
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Politics | | | Stocks advanced in most global markets Thursday as traders waited to see details of President-elect Joe Biden’s plan for helping the U.S. economy recover from the coronavirus crisis.
Benchmarks rose in London, Paris, Tokyo and Hong Kong but fell in Shanghai.
U.S. futu... Read the Full Story |
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From Our PartnersThe Awakening is starting right now. Find out why PayPal just joined the wealth-creating tsunami that is about to surge through the economy in 2021. The last time such a major market event happened, it minted 18,000 new millionaires. | | Here's the story. |
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Stocks | | |
Much has been made about the implications of the so-called Blue Wave government on global politics and economic activity. After the Democrats wrangled control of the Senate by the slimmest of margins, many investors are wondering how to reposition their portfolios to capitalize on the potential fo... Read the Full Story |
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Politics | | | Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs.
Benchmarks rose in Hong Kong, Tokyo and Sydney but fell in Shanghai.
U.S. futures were trading slightly... Read the Full Story |
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From Our PartnersIf you're worried about why stocks are surging while millions of Americans are out of work and commercial bankruptcies are skyrocketing, I strongly urge you to listen to this message. | | Click here to get the full story. |
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Stocks | | | Exxon’s 7% Yield Is A Good Way To Play The Energy Rebound
Energy and the energy complex began to emerge as a rebound story in late 2020. After years of sluggishness the price of oil was creeping higher, the EIA forecast for 2021 prices was bullish, as is the forecast for demand. Add to ... Read the Full Story |
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Markets | | | Target's strong sales streak extended through a pandemic-shrouded holiday season after a hard push online and an increased effort to provide alternatives to customers who are trying to minimize risk.
The retailer reported Wednesday that online sales surged 102% between November and D... Read the Full Story |
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Politics | | | A California coalition is proposing legislation to boost taxes on wealthy multinational corporations to raise more than $2 billion a year to house tens of thousands of homeless people, addressing what has become a worsening problem in the country's most populous state.
Supporters say ... Read the Full Story |
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Markets | | | On the surface, it could be forgiven for being skeptical of GameStop's (NYSE:GME) chances of survival even before 2020 ran roughshod over retail. Now, however, the company has seen incredible gains in its stock—yesterday Read the Full Story |
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Markets | | | Ethereum Ushers In A New Age Of Fintech
The rise of cryptocurrency prices has also brought a rise in volatility. What is up double or even triple digits today may be up more, or down a comparable amount, the next. And Ethereum (ETH) is not immune to this phenomenon but that doesn’t mean you s... Read the Full Story |
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The Early Bird Stock Of The Day Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand. It sells its products directly to consumers through its branded specialty retail stores and outlet stores, as well as through its vince.com e-commerce platform and subscription business through Vince Unfold, vinceunfold.com; and to department stores and specialty stores. The company was formerly known as Apparel Holding Corp. and changed its name to Vince Holding Corp. in November 2013. The company was founded in 2002 and is headquartered in New York, New York. | | View Today's Stock Pick |
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