Good MorningEquity markets slipped on Wednesday but regained their footing by the end of the session. The S&P 500 moved down about 0.25% at the low of the session but found well above the key 4,300 level. The move appears to be confirming a bottom in prices that has been building for several weeks. If this scenario plays out traders can expect to see the S&P 500 moving above the 4,400 level fairly soon.
The risk is in the earrings reports, the peak of earnings season kicked off on Wednesday with news from JPMorgan Chase and Company. The bank reported revenue and earnings that were largely in line with the analyst’s consensus estimates which is far below the market’s true expectations. If the remainder of the S&P 500 report in like fashion the market is in for another round of selling.
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Markets | | | Major U.S. stock indexes closed mostly higher Thursday, snapping a three-day losing streak for the S&P 500 despite another choppy day of trading.
The benchmark index rose 0.3% after having been down 0.5% in the early going. It's still on pace for a 0.6% weekly loss. The Dow Jones... Read the Full Story |
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Markets | | |
Shareholders in Domino’s Pizza (NYSE: DPZ) stock are likely to see the stock price climb when the company posts earnings on October 14. The fast-food chain is expected to post earnings per share (EPS) of $3.08 on revenue of approximately $1.12 billion. The latter num... Read the Full Story |
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Markets | | | As MGM Resorts (NYSE: MGM) stock hits new multi-year highs, many investors are likely wondering whether or not the company is worth betting on at this time. The casino industry was hit hard last year and is slowly getting back on its feet, yet it remains to be seen just how quickly the business will... Read the Full Story |
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Politics | | | President Joe Biden tried to reassure Americans on Wednesday that he can tame high inflation, announcing a deal to expand operations at the Port of Los Angeles as prices keep climbing and container ships wait to dock in a traffic jam threatening the U.S. economy and holiday shopping.
... Read the Full Story |
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Politics | | | SEOUL, South Korea — South Korea has reported more than 1,000 new coronavirus infections for the 100th consecutive day as a delta-driven outbreak continues to spread in the greater capital area.
Health officials say 1,580 of the 1,940 new cases reported Thursday are in the Seoul metr... Read the Full Story |
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Politics | | | SAN FRANCISCO — About 800 San Francisco city workers have asked for medical or religions exemptions to avoid a looming deadline for them to get vaccinated against the coronavirus or lose their jobs. So far, the city has not approved a single request.
That’s according to a city human ... Read the Full Story |
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Politics | | | A second person has been killed by an exploding air bag inflator made by a Tennessee company that has been under investigation by a federal agency for more than six years without any resolution.
On Wednesday, the National Highway Traffic Safety Administration posted recall documents ... Read the Full Story |
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Markets | | | Pandemic winners like Freshpet and Graphic Packaging Holding Company have produced robust returns for shareholders since the peak of the scare. While the pandemic is still with us, it is subsiding but not the tailwinds driving these stocks. Read the Full Story |
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Stocks | | |
Airline carrier JetBlue (NASDAQ: JBLU) has been recovering on the reopening trend as pent-up demand is bolstering its recovery towards 2019 pre-pandemic levels. Being an epicenter industry stock should provide no surprise when revenues rose triple digits since the peak of the pandemic in Q2 2020. ... Read the Full Story |
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Markets | | | One of the biggest stories coming out of the pandemic was the massive shift to technology that was sparked by stay-at-home and work-from-home needs, a shift aided by Infosys. Now, more than a year later, it looks like those tailwinds continue to blow. Read the Full Story |
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The Early Bird Stock Of The Day H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels. The company was formerly known as Huazhu Group Limited and changed its name to H World Group Limited in June 2022. H World Group Limited was founded in 2005 and is headquartered in Shanghai, the People's Republic of China. | | View Today's Stock Pick |
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