Good MorningThe S&P 500 moved up to set a new all-time closing high on Tuesday after several better than expected economic reports were released. Topping the list is retail sales which advanced 1.7% at the headline and core levels, both 0.2% above consensus. Elsewhere in the economy, business inventories rose more than expected as did the NAHB Homebuilder’s index which both suggest supply chain disruptions are easing.
The caveat is that, with the retail sales figures at least, all of the gains are due to inflation. With retail sales rising 1.7% and inflation up 6.2% economic activity is not expanding. Today traders will be on alert for reads on Building Permits and Housing Starts as well as an earnings report from major retailer Target. Featured: Trump Just Gave the Green Light to Rewrite Social Security? (Ad) 
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Markets | | | WallStreetBets is a group of traders who share a passion for high-risk trades and that includes stocks that hedge funds love to short. That's why MarketBeat has created a way for subscribers to easily identify the stocks which are receiving the highest number of mentions on WallStreetBets over a period of time. Read the Full Story |
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Markets | | | Retail investors are always looking for an edge in their investing or trading decisions. And it’s easier than ever for those investors to find that information. And, to be fair, there are many quality sites that investors can choose from. In fact, the sheer volume of investment services can make it hard to distinguish what is truly different Read the Full Story |
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Stocks | | |
It takes all kinds to make the world of investing go round. You’ve got your traditional assets like stocks and bonds along with a growing list of alternatives. Within each asset class is further categorization by geography, sector, and style.
In the equity asset class, growth and value are ... Read the Full Story |
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Politics | | | The president of long-haul carrier Emirates said Tuesday that an initial public offering of stock in the Dubai-based airline could happen as the city-state tries to boost its local financial market, while promising that its fleet of iconic double-decker jumbo jets would soon ply the skies again.
... Read the Full Story |
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Markets | | | Mid-cap Tenable Holdings (NASDAQ: TENB) is up 4.5% since reporting better-than-expected third-quarter results in late October. The stock is forming a possible handle to a cup-shaped base it started in January. Read the Full Story |
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Politics | | | Europe is short of natural gas — dangerously short. A cold winter could mean a severe crunch, and utility bills are headed higher, burdening ordinary people and weighing on the economic recovery from the coronavirus pandemic.
Russian President Vladimir Putin has promised to help fill ... Read the Full Story |
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Markets | | | Stocks rose on Wall Street Tuesday as investors reviewed solid earnings reports from key retailers and an encouraging update on consumer spending.
The S&P 500 rose 0.6% as of 1:15 p.m. Eastern. The Dow Jones Industrial Average rose 197 points, or 0.6%, to 36,285 and the Nasdaq ros... Read the Full Story |
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Markets | | | A 8% move in Tuesday’s session was enough to make shares of chipmaker Qualcomm (NASDAQ: QCOM) one of the top-performing stocks in the S&P 500 index. It’s been a solid couple of weeks for the company, with their shares now up 50% since October. Considering Qualcomm’s stock was a... Read the Full Story |
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Tech | | | President Joe Biden’s choice to lead enforcement of competition laws at the Justice Department has won Senate approval as his administration pursues action against outsized market power it has condemned in several industries, including Big Tech, health care, airlines and agriculture.
... Read the Full Story |
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Tech | | | Drugmaker Pfizer Inc. has signed a deal with a U.N.-backed group to allow other manufacturers to make its experimental COVID-19 pill, a move that could make the treatment available to more than half of the world’s population.
In a statement issued Tuesday, Pfizer said it would grant ... Read the Full Story |
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The Early Bird Stock Of The Day InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names. It also provides IHG Rewards loyalty program. InterContinental Hotels Group PLC was founded in 1777 and is headquartered in Windsor, the United Kingdom. | | View Today's Stock Pick |
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