Good MorningEquities rebounded on Thursday but the move was small and traders are cautioned not to read too much into the move. Price action remains bearish in the wake of the October CPI report and suggests a deeper decline is in store for the market. The broad market S&P 500 is already down a full percent from the recently set all-time high and could easily fall another 2.0% before hitting the first significant target for support.
That target is at the short-term moving average, near 4,565, but there is no guarantee the market will halt its decline there. With inflation accelerating to new highs and no end in sight for the trend the market could correct a full 10% to 20%. Today’s action will be telling. If the market moves lower and ends the week at the low of the period next week’s action could bring even more selling.
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Markets | | | Investors that prefer to uncover oversold laggards have many tools at their disposal both fundamental and technical. One of the best ways to determine which stocks are oversold is the relative strength indicator, or RSI. Read the Full Story |
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Markets | | | Stocks edged higher in afternoon trading on Wall Street Thursday a day after a surge in inflation tripped up major indexes.
The S&P 500 rose 0.2% as of 2:51 p.m. Eastern. The Dow Jones Industrial Average fell 129 points, or 0.4%, to 35,949 largely due to a steep drop in Walt Disne... Read the Full Story |
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Markets | | | SoFi Technologies (NASDAQ:SOFI) stock jumped over 13% after posting strong earnings after the market closed on November 10. The fintech company posted negative earnings per share of five cents which was a significant beat over expectations for a 14-cent per share loss. Read the Full Story |
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Stocks | | | he brightest businesses in the industry are set to flourish in the coming years, and it’s easy to support companies with products and services that are helping to make the world a better place.
Here are 3 clean energy stocks with clear upside to consider buying now:
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Tech | | | Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General Motors to become the nation's second most valuable automaker.
The California company's market valuation exceeded Ford's in its first day a public company Wednes... Read the Full Story |
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Markets | | | Descartes Systems (NASDAQ: DSGX) was trading higher Thursday as shares of the supply-chain management software maker continued working on a flat base. The Canada-based company offers solutions for the shipping-industry customers to better communicate with each other. Read the Full Story |
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Markets | | | The thought of adding travel stocks to your investing plans probably sounded like a risky idea back in 2020, given how the entire industry faced so much uncertainty. The pandemic put a major dent in most people’s travel plans and has certainly caused lingering impacts, yet things might start t... Read the Full Story |
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Markets | | | The Kellogg Co. has filed a lawsuit against its local union in Omaha complaining that striking workers are blocking entrances to its cereal plant and intimidating replacement workers as they enter the plant.
The company based in Battle Creek, Michigan, asked a judge to order the Omaha... Read the Full Story |
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Markets | | | Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business.
The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name, the compa... Read the Full Story |
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Politics | | | Congressional Democrats who are facing potentially tough reelection fights next year are crowing about long-neglected public works projects set to spring to life thanks to the new infrastructure package Read the Full Story |
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The Early Bird Stock Of The Day RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. It distributes products and services primarily through intermediaries. The company invests in and manages funds. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda. | | View Today's Stock Pick |
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