Good MorningThe equities markets started the new year on a sour note Monday with the major indices all shedding more than 2.0% at the low of the day. The rising number of COVID-19 cases worldwide have thrown a wrench into the economic recovery and threaten to derail the reopening. The selling on Monday may only be the beginning of a much larger movement but it is still too soon to tell.
This week could see volatility intensify due to economic data and earnings. Wall Street is bracing for a big round of data that includes the monthly read on job creation and unemployment. The consensus estimate for new job creation is a mere 60,000 and the lowest level since the spring. On the earnings front, investors are expecting the first wave of earnings for the 4th quarter cycle to include Walgreen’s Boots Alliance and Conagra Brands.
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Stocks | | One thing is for sure, very few investors are starting 2021 with an identical portfolio to that which they started 2020 with. It was one of the most volatile years on record, not only in terms of crashes and rallies but also industry rotation. Read the Full Story |
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Markets | | Global stock markets and U.S. futures rose Monday on 2021’s first trading day, boosted by optimism about coronavirus vaccines after Wall Street ended the year on a new high.
London and Frankfurt opened higher while Shanghai, Hong Kong and Seoul advanced. Tokyo declined.
... Read the Full Story |
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Politics | | Asian stock markets rose Monday on 2021’s first trading day, boosted by optimism about coronavirus vaccines after Wall Street ended the year on a new high.
Shanghai, Hong Kong, Seoul and Sydney advanced. Tokyo declined.
Optimism about vaccines has outweighed concern abo... Read the Full Story |
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Politics | | Iranian state television has acknowledged that Tehran seized a South Korean-flagged oil tanker in the Strait of Hormuz.
The report on Monday alleged that the MT Hankuk Chemi had been stopped by Iranian authorities over alleged “oil pollution” in the Persian Gulf and the strait.
... Read the Full Story |
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Tech | | India authorized two COVID-19 vaccines on Sunday, paving the way for a huge inoculation program to stem the coronavirus pandemic in the world’s second-most populous country.
The country's drugs regulator gave emergency authorization for the vaccine developed by Oxford University and U... Read the Full Story |
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Markets | |
After the S&P, Nasdaq, and other major U.S. averages had remarkable runs in 2020, many investors are wondering where to turn to for growth in the new year. For some with a hearty risk appetite, the small and micro-cap space contains some prospective 2021 winners.
P.A.M. Transportation Service... Read the Full Story |
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Markets | | Going on the assumption that fast-food restaurants are on the brink of a major rebound in 2021 the next question is which one is the best buy. Simply from a value/yield perspective Restaurant Brands International (NYSE:QSR) is by far the best choice Read the Full Story |
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Politics | | India will not allow the export of the Oxford University-AstraZeneca coronavirus vaccine for several months, the head of Serum Institute of India, which has been contracted to make 1 billion doses of the vaccine for developing nations, said Sunday.
With rich nations reserving most of ... Read the Full Story |
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Markets | | The Rebound In Fast-Food Is On
The fast-food industry was not immune from the pandemic and those without a drive-through presence were hit the hardest. Growth chains like Chipotle Mexican Grill (NYSE:CMG) and Shake Shack (NYSE:SHAK) saw their revenue fall by high double-digits but the rebound is al... Read the Full Story |
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Markets | | 2020 is a year that most restaurants would like to forget. Chipotle (NYSE: CMG), however, is a notable exception. After watching its stock lose more than half its value in the early stages of the pandemic, Chipotle shares roared back, closing the year up 65.7%.
Chipotle’s performance can be l... Read the Full Story |
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