Good MorningEquities traded flat on Thursday following the inauguration of President Joe Biden. The market is hopeful the new administration will bring another round of economic stimulus with it but there is already a snag. The new President’s proposed $1.9 trillion in stimulus spending is already facing pushback from Republican members of Congress. The biggest hurdle is the price-tag, a number that is expected to fall sharply over the coming weeks and weigh on index prices.
In other news, the number of new jobless claims is hanging stubbornly in the 900,000 range as COVID-19 wreaks havoc on labor conditions. Meanwhile, the total number of unemployed persons seeking unemployment assistance fell by 2.4 million over the past week to the lowest level since May. The takeaway for investors is that employment is on the rise although there is still high turnover in the labor market.
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Politics | | | Global shares mostly rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street.
Hopes are high that President Joe Biden's administration will mean more support for the struggling U.S. economy, starting a recovery that's crucial for the exp... Read the Full Story |
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Stocks | | | Some stocks warrant more investor attention than others on account of them benefitting from the current environment. Let's take a sneak peak at some of the ones that could creep higher in the days before their reports on expectations of more strong results. Read the Full Story |
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Markets | | | Semiconductor giant Broadcom (NASDAQ: AVGO) stock been in a powerful uptrend since bottoming out at the height of the COVID-19 pandemic in March 2020. Shares have more than doubled off the lows, rising more than 30% in the last two months of 2020. Read the Full Story |
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Stocks | | | Many of these stocks offer earnings growth potential as the global economy rebounds and are trading at attractive valuations at this time. It never hurts to add some diversification to your investment portfolio, Read the Full Story |
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Politics | | | Construction on the long disputed Keystone XL oil pipeline halted Wednesday as incoming U.S. President Joe Biden revoked its permit on his first day in office.
The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas... Read the Full Story |
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From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
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Politics | | | Construction on the long disputed Keystone XL oil pipeline halted Wednesday as incoming U.S. President Joe Biden decided to revoke its permit.
Biden’s Day One plans included moving to revoke a presidential permit for the pipeline.
The premier of the oil-rich Canadian p... Read the Full Story |
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Stocks | | | Chinese electric vehicle (EV) maker Xpeng (NYSE: XPEV) stock has pulled back from its all-time highs but still continues to outperform the benchmark S&P 500 index (NYSEARCA: SPY). In its limited time as a publicly listed Company (ADRs), it has grown to one of the three most prominent Chinese EV ... Read the Full Story |
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Politics | | | President Joe Biden’s nominee for secretary of transportation, Pete Buttigieg, is pledging to carry out the administration’s ambitious agenda to rebuild the nation’s infrastructure, calling it a “generational opportunity” to create new jobs, fight economic inequality and stem climate change.
... Read the Full Story |
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Politics | | | BEIJING — China is imposing some of its toughest travel restrictions yet as coronavirus cases surge in several northern provinces ahead of the Lunar New Year.
Next month’s festival is the most important time of the year for family gatherings in China, and for many migrant workers it i... Read the Full Story |
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Markets | | | Alcoa, A BelLwether No Longer?
Alcoa’s (NYSE:AA) place as a bellwether of the economy has long-passed at least in its importance to the market. The company is no longer hailed as the first major report of the season, and it is no longer used as a gauge of market conditions but I think it shou... Read the Full Story |
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The Early Bird Stock Of The Day Cemtrex, Inc. engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges. The Industrial Services segment offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers. The Cemtrex Corporate segment refers to the holding company of the other two segments. The company was founded on April 27, 1998 and is headquartered in Hauppauge, NY. | | View Today's Stock Pick |
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