Good MorningVolatility returned to the stock market on Friday. The week ended on a down note with the major indices all down more than 2.0% at the lows of the day. The move can be chalked up to growing anxiety that was fueled by Friday’s economic data. While the data is generally positive with income, spending, and manufacturing activity all on the rise there is a dark cloud to be wary of. A surprise jump in core inflation has investors spooked the FOMC’s easy-money zero-interest-rate policy could end sooner than expected.
Next week could be a tough one for investors. The price action in the S&P 500 suggests the index will post lower prices sooner than higher and that is backed up by the VIX. The fear-index surged to multi-month highs early in the week and maybe in a reversal. A rise in the VIX usually coincides with a drop in the S&P 500 and it could be a big one.
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Consumer Discretionary | | Regulation Is Lifting The EV Market, Nikola Too
The entire electric vehicle industry is getting a lift from the Biden administration. The president has already issued executive orders that strengthen the U.S. fight against climate change and the EV industry at large. Among them are a number of orde... Read the Full Story |
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From Our Partners | | China controls more than 90% of global rare earth alloy production, leverage it is using to restrict exports to the U.S.
With a January 1, 2027 deadline approaching, the Pentagon selected four companies to build critical mineral processing facilities on U.S. military bases. Only one was chosen for heavy rare earths - a Nasdaq-listed firm with an Ohio metallurgy facility under Pentagon contracts and rights to 80% of output from a major Canadian processing plant. | | See why this rare earth stock deserves a closer look today |
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Markets | | Special purpose acquisition company (SPAC) Stable Road Acquisition Corp. (NYSE: SRAC) stock has been on a tear in 2021, up 38% year-to-date (YTD) as of Jan. 23, 2021. Shares took a hit when the much anticipated Virgin Galactic (NYSE: SPCE) second flight test mission failed on Dec. 11, 2020. Space th... Read the Full Story |
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Technology | |
It’s fair to say that this earnings season has largely been overshadowed by other big headlines about the stock market. While those stories might be fascinating, investors should not get distracted from several companies that have reported some very impressive numbers. Many of these business... Read the Full Story |
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Industrials | |
There's no doubt that the coronavirus hit a lot of companies hard, and Caterpillar (NYSE:CAT) wasn't much of an exception. It actually saw some benefits, but took some hits as well. Caterpillar's latest earnings report demonstrates you can't keep a good heavy equipment manufacturer down. It turned... Read the Full Story |
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Finance | |
Even the most casual observer likely already knew that Visa (NYSE:V) was a pretty safe stock to pick up. The last year for Visa has proved that point with almost staggering abundance. The latest earnings report issued from the company only adds icing to an already rich fiduciary cake and shows us ... Read the Full Story |
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Healthcare | | Abbott Laboratories Bull Run Is Far From Over
Abbott Laboratories (NYSE: ABT) has long been a favorite of ours here at MarketBeat. The company is not only well-positioned as a biotech/pharma whose business is anchored in consumer and staple-type products but is also one of the best-managed company&... Read the Full Story |
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Technology | |
For better or worse, we've learned that there is power in number these days. Whether it be the storming of the U.S. Capitol or its stock market equivalent, a coordinated trading attack on hedge funds, gathering enough people for a cause can uproot the fundamental principles of society—and st... Read the Full Story |
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Consumer Discretionary | | Tractor Supply Will Sustain Growth Into 2021
Tractor Supply Company (NASDAQ:TSCO) was one of the hottest names among the stay-at-home/play-at-home winnerslast year. The company is a modern-day general store for outdoor enthusiasts of all variety from hobby urban gardeners all the way through full-b... Read the Full Story |
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Industrials | | On Thursday, shares of American Airlines (NASDAQ: AAL) came within a couple of cents of their post COVID high, as they jumped as much as 30%. While they gave back most of the gains into the close, they still finished up a respectable 9% with their second highest daily volume of the year.
So what&rs... Read the Full Story |
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Finance | |
Given the recent spikes in volatility and declining market breadth, now is a great time to start thinking about which stocks you might be compelled to buy if the market enters a corrective phase. That way, investors can be prepared to take advantage of any significant declines in the share prices ... Read the Full Story |
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The Early Bird Stock Of The Day JPMorgan Chase & Co. is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate. The CCB segment originates and services mortgage loans. The CIB segment makes markets and services clients across fixed income, foreign exchange, equities, and commodities. The AWM segment provides initial capital investments in products such as mutual funds and capital invested alongside third-party investors. The Corporate segment manages its liquidity, funding, capital, structural interest rate, and foreign exchange risks. The company was founded in 1799 and is headquartered in New York, NY. | | View Today's Stock Pick |
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