Good MorningEquities rebounded strongly on Thursday after lawmakers in Washington reached a deal to avert a government shutdown. The deal extends the debt ceiling limit to December but does little to fix the underlying issues. Investors should expect this issue to rear its ugly head again in a few months.
Today’s news will be dominated by the Non-farm payrolls report. The report is expected to show 500,000 net new jobs were created in September and the figure could be much higher. With 6 million unemployed recently falling off the unemployment roll there is a chance the NFP could be in the millions. If so, investors should expect to see the S&P 500 rally strongly to new all-time highs.
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Politics | | | Technology companies helped lift stocks on Wall Street broadly higher Thursday as investors welcomed the end of a standoff in Congress over extending the federal debt ceiling.
An agreement to temporarily extend the government's borrowing authority into December gives lawmakers more t... Read the Full Story |
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Markets | | | An energy crisis is looming over India as coal supplies grow perilously low, adding to challenges for a recovery in Asia’s third largest economy after it was wracked by the pandemic.
Supplies across the majority of coal-fired power plants in India have dwindled to just days worth of ... Read the Full Story |
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Markets | | | Shares of Napco Securities Technologies (NASDAQ: NSSC) are trading in a choppy fashion below their September 15 high of $45.48. The stock jumped nearly 16% higher on September 13, following the company's fourth-quarter earnings report. Read the Full Story |
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Politics | | | ELK GROVE VILLAGE, Il. — President Joe Biden is championing the fight against COVID-19, requiring workplace vaccination requirements to force the roughly 67 million unvaccinated American adults to roll up their sleeves.
Biden is delivering that message in Illinois, where he’s visiting... Read the Full Story |
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Markets | | | Oil has been washing up on Southern California beaches and wetlands all week since a leak in an underwater pipeline from an offshore platform sent tens of thousands of gallons of heavy crude into the ocean waters Read the Full Story |
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Tech | | | Tesla will relocate its headquarters from Palo Alto, California, to Austin, Texas, though the electric car maker will keep expanding its manufacturing capacity in the Golden State, CEO Elon Musk said Thursday.
Musk, who last year said he was moving to Texas from California, gave no ti... Read the Full Story |
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U.S. based luxury electric vehicle (EV) maker Lucid Motors (NASDAQ: LCID) stock has seen a resurgence as it ups the delivery date for its Dream EV to the end of October 2021. Shares collapsed to a low of $16.12 on the first lock-up expiration on Sept. 1, 2021 on dilution fears for the former speci... Read the Full Story |
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Li-Cycle (NYSE: LICY) isn’t your ordinary electric vehicle play. It’s not an auto manufacturer or a charging station company. It’s not even a lithium miner or an EV battery maker. We’re getting closer though.
With the world speeding toward the electrification of transporta... Read the Full Story |
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Markets | | | Steel producer Cleveland Cliffs (NYSE: CLF) stock has been down trending in recent weeks despite record top-line growth and global steel demand post-pandemic. A continued pullback can provide prudent investors with a bargain entry opportunity especially ahead of the infrastructure bill. The global d... Read the Full Story |
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Helen of Troy Is Ready To March Higher
Shares of Helen of Troy (NASDAQ: HELE) are up more than 5% after the company revealed it dodged a bullet. The EPA took offense at some packaging late last year and that impacted the company's operations. Not only were sales impacted but higher costs were inc... Read the Full Story |
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The Early Bird Stock Of The Day-inc-logo.jpg) ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China. | | View Today's Stock Pick |
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