UK, New Zealand approve trade deal; hope it opens more doors. Asian shares mixed after Evergrande sale deal called off. Global shares decline after Evergrande sale deal called off.
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The Early Bird Newsletter

Thursday, October 21st

S and P pricesDow pricesQQQ prices
Good Morning

Equities continued to rally on Wednesday with the S&P 500 and Dow Jones Industrial Average moving up to set new all-time highs. The moves are driven buy better than expected earnings from Verizon and other high-profile names despite the impacts of rampant inflation and system-wide supply chain disruptions. The NASDAQ Composite is trailing the other two indices and closed flat for the day.

Thursday’s action should be more of the same with reports due out from another handful of S&P 500 companies. The risk is the market may not be able to sustain new all-time highs in the face of mounting headwinds within the economy. No few companies have cut guidance despite the general strength being reported by the S&P 500.

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Politics

UK, New Zealand approve trade deal; hope it opens more doors

Britain and New Zealand have agreed on a trade deal that eliminates tariffs on a wide range of goods as the U.K. expands economic links around the world following its exit from the European Union. The deal was cemented late Wednesday in a conference call between U.K. Prime Minister Bo...

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From Our Partners

Investor Alert: "Cooling Gas Shortage' Threatens SpaceX

SpaceX (and many other tech giants) are buying up helium like crazy. And that's because the world is running out of this incredibly valuable gas! In fact, prices have already skyrocketed by 160% in the past few years…

But This Company Made A Canadian Discovery That's Changing Everything
Tech

Asian shares mixed after Evergrande sale deal called off

Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. Shares slipped in Hong Kong, Seoul and Tokyo, while they rose in Australia and Shanghai. China Evergrande ...

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Markets

Global shares decline after Evergrande sale deal called off

Global shares were mostly lower Thursday, after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. France's CAC 40 shed 0.4% in early trading to 6,679.78, while Germany's DAX fell 0.2% to 15,498.69. Brita...

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From Our Partners

37 "boring stocks" that beat the S&P 500 (21 years running)

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Markets

Struggling Chinese developer calls off $2.6B asset sale

A major Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt rattled financial markets has called off the sale of a $2.6 billion stake in a subsidiary and has made no progress in selling other assets

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Tech

Trump announces launch of media company, social media site

Former President Donald Trump says he’s launching a new media company with its own social media platform nine months after being expelled from social media for his role in inciting the Jan. 6 Capitol insurrection

Read The Full Story >>
From Our Partners

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Stocks

3 Transportation Stocks That Could Deliver Big Gains

As we head into earnings season again, one of the things investors are going to hear over and over again is how supply chain issues are impacting all different types of companies. These problems are a direct result of the pandemic and have put many businesses in a position where they are scrambling ...

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Stocks

Norwegian Cruise Lines Stock is Ready to Sail

Cruise ship operator Norwegian Cruise Lines (NYSE: NCLH) stock has been steadily climbing since its pandemic lows were hit in 2020. The Company plans to have 75% of its fleet operating by January 2022 and expects that to rise to 100% by April 2022. The Company is seeing the result of the pent-up d...

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Markets

Verizon Moves Higher On Strong Outlook

We called out Verizon a few weeks ago has a high yield stock that just went on sale. A downgrade from Barclays on a diminished outlook sent the stock down to an 18-month low that now, in hindsight, looks like a class-A buying opportunity.

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Stocks

Hewlett Packard Enterprises Stock is Getting a Second Wind

Enterprise server and services giant Hewlett Packard Enterprise Company (NYSE: HPE) stock is benefitting from the reopening trend as workers return to offices. The enterprise-focused IT provider is a benefactor of the reopening trend as organizations no longer see digital transformation as an opti...

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Markets

Delta COVID Cuts Into Brinker International, Inc. Results

We called a bottom for Brinker International following the last earnings report but that was before the company caught COVID. The company missed the consensus estimate for calendar Q2 by a slim margin but produced a high 20% growth rate versus the two-years ago period.

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The Early Bird Stock Of The Day

Liberty Global plc

Liberty Global plc

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.

Learn more

The Early Bird is a daily email newsletter powered by MarketBeat that covers the top stories that will impact the stock market each day. Read your copy every morning at 7:00 AM Eastern so that you can "catch the worm" when the market opens.

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