Good MorningInvestors cheered the inauguration of President Joe Biden for the stability he is expected to bring. The S&P 500 moved up nearly 1.5% to set a new all-time high and confirming the latest uptrend is still intact. The move was led by a 2.0% gain in the tech-heavy NASDAQ Composite that owes its strength to the FAANG names, Netflix the number one among them. The warning for investors is that technical signals reveal a weak and overextended market ripe for a correction.
Shares of Netflix helped lift the entire market after the company reported its calendar Q4 earnings. The company reported over 8 million new subscribers in the quarter bringing the total to over 200 million for the first time on record. The news is not only good for Netflix but proves the thesis that tech will be a winner in 2021.
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Politics | | | Asian shares were mostly higher ahead of Joe Biden's inauguration as U.S. president Wednesday, though worries about surging coronavirus cases sapped the Japanese market's early gains.
Japan's benchmark Nikkei 225 slipped 0.4% to finish at 28,523.26. Australia's S&P/ASX 200 added 0... 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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Tech | | | Netflix’s video streaming service has surpassed 200 million subscribers for the first time as its expanding line-up of TV series and movies continues to captivate people stuck at home during the ongoing battle against the pandemic.
The subscriber milestone highlighted Netflix’s fourth... Read the Full Story |
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Markets | | | Semiconductor company Advanced Micro Devices (NASDAQ: AMD) stock has been both a pandemic winner and a recovery play as it reached all-time highs in 2020. However, shares but have been struggling in 2021 Read the Full Story |
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Politics | | | Premier Giuseppe Conte is working to solidify his majority in parliament after narrowly winning a Senate confidence vote after a junior coalition ally yanked his support over Conte’s handling of the coronavirus pandemic Read the Full Story |
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Politics | | | The founder and CEO of MyPillow, who amplified President Donald Trump's claims of election fraud, said a backlash against his company has begun after a mob stormed the U.S. Capitol this month.
Mike Lindell, who appears in TV commercials hugging the company’s foam-filled pillows, said... Read the Full Story |
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From Our Partners | | Washington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
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The Department of Justice just admitted that cash isn't legally YOUR property. | | Get your free guide now by clicking here >> |
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Markets | | | FedEx plans to cut up to 6,300 jobs in Europe as it completes the process of combining its own operation with that of a Dutch delivery company it bought in 2016.
FedEx said in a statement Tuesday that the cuts will take place over 18 months and include express-delivery operations and... Read the Full Story |
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Markets | | | Clean energy technology company Fusion Fuel Green (NASDAQ: HTOO) stock was reversed merged with a special-purpose-acquisition-company (SPAC) HL Acquisition and started trading on Dec. 24, 2020 under the current symbol. Read the Full Story |
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Markets | | | One technology company based in China that offers investors exposure to online and mobile gaming looks like a great buy at the moment. NetEase (NASDAQ:NTES) started as a software development company back in 1997 Read the Full Story |
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Healthcare | | | It's one of the strangest phenomena in all of trading; sometimes a company can do well enough to beat estimates, but that's still not enough to give the company much of an edge in trading. That's what happened to UnitedHealth Group (NYSE:UNH) recently as it not only brought in beats in earnings and revenue Read the Full Story |
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Markets | | | You may think that rocketing prices is the biggest trend in cryptocurrency this year but you’d be wrong, it’s defi. Rocketing prices are certainly something to get excited about but the underlying cause is defi. Read the Full Story |
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The Early Bird Stock Of The Day Gartner, Inc. operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts. The Conferences segment offers executives and teams in an organization the opportunity to learn, share, and network. The Consulting segment offers market-leading research, custom analysis, and on-the-ground support services. This segment also offers actionable solutions for IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut. | | View Today's Stock Pick |
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