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 | | 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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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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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 | | 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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Politics | | China has demanded Washington drop a ban on cotton and tomato imports from its Muslim northwest over complaints they are produced by forced labor, which a spokesman dismissed as the “lie of the century.” 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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Politics | | The vaunted Mediterranean diet and French gastronomy are getting some competition: The European Union's food safety agency says worms are safe to eat.
The Parma-based agency published a scientific opinion Wednesday on the safety of dried yellow mealworms and gave them a thumbs up. Res... Read the Full Story >> |
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Markets | | China on Thursday said a U.S. order to halt imports of cotton and tomatoes from its Xinjiang region over alleged human rights abuses will disrupt global supply chains and harm businesses and consumers.
Foreign Ministry spokesperson Zhao Lijian repeated China’s denial that it has tram... Read the Full Story >> |
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Tech | | Twitter CEO Jack Dorsey defended his company’s ban of President Donald Trump in a philosophical Twitter thread that is his first public statement on the subject.
When Trump incited his followers to storm the U.S. Capitol last week, then continued to tweet potentially ominous messages,... Read the Full Story >> |
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Markets | | Enterprise data storage solutions provider Pure Storage, Inc. (NYSE: PSTG) stock has rallied nearly 30% off its Q3 2020 lows fuel by takeover speculation in the cloud data storage provider segment. Management set the bar low heading into fiscal Q4 2020 results with “internal” revenue est... Read the Full Story >> |
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Markets | | Shares of beaten down Silicon Valley chip maker Intel (NASDAQ: INTC) jumped as much as 13% yesterday. Even though they gave back about half those gains, it must still have been a nice day for investors. Read the Full Story >> |
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The Early Bird Stock Of The Day American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services. The company's products and services include credit card, charge card, banking, and other payment and financing products; network services; expense management products and services; and travel and lifestyle services. It also provides merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. In addition, the company operates lounges at airports under Centurion Lounge brand name. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, affiliate marketing, customer referral programs, third-party service providers and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York. | View Today's Stock Pick |
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