Good MorningThe S&P 500 ended the week trading at fresh all-time-high levels on a combination of hope and earnings. On the one hand, the market is hoping for a juicy stimulus package to fuel economic activity in the first half of the year. At the same time, hope for quick delivery of vaccines is also driving the market higher. Regarding the earnings, so far a higher than average number of S&P 500 companies have beaten their consensus estimate but it is still early in the season.
Turning to the economy, there was a host of important economic data released this week and the indications are very positive. While turnover in the labor market is still high employment is on the rise and overall unemployment is on the decline. At the same time, data from the housing sector shows homebuilding activity is at a 15-year high and helping to drive an increase in manufacturing. Regarding manufacturing, the Philly Fed’s MBOS shows manufacturing activity surged in January with noted strength in employment, new orders, and deliveries.
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Politics | | | Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia.
Shanghai, Hong Kong, Tokyo and Australia declined. South Korea advanced.
Overnight, Wall Street closed higher. Gains for tech stocks offset ... Read the Full Story |
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Politics | | | Japanese carmaker Nissan confirmed Friday that it will maintain its operations in Britain in the wake of the post-Brexit trade deal between the country and the European Union.
The news was greeted by British Prime Minister Boris Johnson as a “great vote of confidence."
... Read the Full Story |
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Stocks | | | It’s estimated that the worldwide market for 3D printing products and services will exceed $40 billion by the year 2024, which means there will certainly be some companies that end up becoming long-term winners for investors. 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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Tech | | | Amazon won’t be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app favored by followers of former President Donald Trump Read the Full Story |
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Politics | | | President Joe Biden’s nominee for secretary of transportation, Pete Buttigieg, was headed down a smooth path to quick confirmation, pledging to senators on Thursday to work with them to carry out the administration’s ambitious agenda to rebuild the nation’s infrastructure.
A Senate co... Read the Full Story |
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Politics | | | Mississippi has opened a drive-thru site for coronavirus vaccinations in the state capital, which officials hope will make shots more accessible to African-Americans, who have received the vaccine in much smaller numbers than whites Read the Full Story |
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Markets | | | The nation’s third largest self-storage real estate investment trust (REIT) CubeSmart (NYSE: CUBE) stock is a steady gainer that should continue to see tailwinds from the pandemic recovery. The 3.95% annual dividend yield provides a nice buffer as it outperforms the benchmark S&P 500 index... Read the Full Story |
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Markets | | | Microturbine solutions provider Capstone Turbine Corporation (NASDAQ: CPST) stock has skyrocketed on the clean energy theme driving up smart and renewable energy stocks. The fuel cell companies saw accelerated buying on the back of the $1.2 billion investment in Plug Power (NASDAQ: PLUG) by SK Group... Read the Full Story |
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Markets | | | Kinder Morgan, Inc Is Well Positioned For The Rebound
Kinder Morgan, Inc (NYSE:KMI) is very well-positioned for the coming rebound and a great example of why energy infrastructure is more valuable than energy, at least to an investor. While the company’s performance is tied in small part to t... Read the Full Story |
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Markets | | | After rising more than 1,475% from the 2020 low of $90 Ethereum set a new all-time high of $1,1440 and then went into a tailspin. The price for the world’s second-largest cryptocurrency network by market cap fell 28.5% in a 24-hour period Read the Full Story |
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The Early Bird Stock Of The Day Hall of Fame Resort & Entertainment Co. is a resort and entertainment company, which leverages the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. The company was founded in 2015 and is headquartered in Canton, OH. | | View Today's Stock Pick |
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