Good MorningThe equities market ended the first week of the New Year on a high note. The broad market S&P 500 gained half a percent on Friday to put the index up about 1.5% for the week. The NASDAQ Composite and Dow Jones Industrial Average both moved higher to close at new all-time highs as well and more new highs could be on the way. The incoming Biden administration is expected to fast-track additional stimulus to fuel the economic rebound and that should drive stocks even higher.
The economic rebound came into question Friday morning and capped the day’s gains. The December read of the Non-farm payroll report showed jobs declined unexpectedly due to COVID-related shutdowns. The caveat for investors is that NFP numbers are highly suspect and prone to revisions. The revisions for October and November added 135,000 jobs to the data and nearly offset the December decline.
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Stocks | | | The tech sector got a boost from the pandemic that will not soon dissipate. Trends in place for years have been accelerated to new highs and those gains will not only stick but be compounded by fresh gains in the years to come. Read the Full Story |
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Politics | | | Major U.S. stock indexes surged to all-time highs Thursday as Wall Street bet that the Democratic sweep of Washington means more stimulus is on the way for the economy.
The S&P 500 rose 1.5% to a record 3,803. Investors were buoyed by Congress’ confirmation of Joe Biden’s preside... Read the Full Story |
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Politics | | | JERUSALEM — Israeli Prime Minister Benjamin Netanyahu says he has reached a new agreement with the Pfizer drug company that will allow Israel to vaccinate all citizens over 16 by the end of March.
Israel has already secured millions of doses and launched one of the earliest and fastes... Read the Full Story |
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Markets | | | America’s employers likely cut back again on hiring last month — and might even have shed jobs — with the economy under pressure from a resurgent virus that has led many consumers to reduce spending and states and cities to reimpose business restrictions Read the Full Story |
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Tech | | | Iowa's governor and four aides helped make a marketing video for a Utah company that was awarded no-bid contracts for work on the coronavirus pandemic, a move that has raised allegations of favoritism and improper use of public resources.
Domo Inc.'s video featured interviews with Rep... Read the Full Story |
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Politics | | | SAO PAULO — Brazil has passed 200,000 deaths from the coronavirus pandemic. That is the second highest total in the world.
The health ministry said Thursday that the country had 1,524 deaths in the previous 24 hours, rising to a total of 200,498 for the pandemic.
The ... Read the Full Story |
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Stocks | | | CSX Corporation (NASDAQ:CSX) operates the largest freight rail network in the eastern United States and the stock is breaking out of a few months of consolidation, making it a great option for investors that are interested in adding shares of one of the top names in the industrial sector. Read the Full Story |
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Markets | | | Fitness beverage maker Celsius Holdings, Inc. (NASDAQ: CELH) stock has been on a tear with one-year performance spiking north of 900%. Shares were trading in the low $20s when highlighted on MarketBeat in October 2020. Shares have more than doubled since then with the recent announcement of inclusio... Read the Full Story |
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Markets | | | In a field where so much of life is lived at home, it's a good idea to have a home that can support all that whatever-at-home. That's given homebuilders a big new run in the market, and recently, D.R. Horton (NYSE:DHI) got an upgrade of its own thanks to its position in the housing market. Read the Full Story |
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Markets | | | Tailwinds Are In Place For Cal-Maine Foods
I’ve said it before, and I will probably repeat it again at some point in the future. Cal-Maine Foods (NASDAQ:CALM) is on track to reinstate the dividend. The company hasn’t paid a dividend since May 2019 because of its strict distribution poli... Read the Full Story |
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The Early Bird Stock Of The Day XOMA Corporation operates as a biotech royalty aggregator in the United States and the Asia Pacific. It has a portfolio of economic rights to future potential milestone and royalty payments associated with partnered commercial and pre-commercial therapeutic candidates. The company also focuses on early to mid-stage clinical assets primarily in Phase 1 and 2 with commercial sales potential that are licensed to partners; and acquires milestone and royalty revenue streams on late-stage clinical or commercial assets. It has a portfolio with various assets. XOMA Corporation was incorporated in 1981 and is headquartered in Emeryville, California. | | View Today's Stock Pick |
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