Good MorningThe S&P 500 moved up to set another new all-time high on Thursday with notable strength in the tech sector. The NASDAQ Composite led the day’s action with a gain of more than 0.5% and also set a new all-time high. The moves come in the wake of the FOMC’s taper announcement, an announcement that was both long-expected and less than what the market was expecting.
The FOMC says it will taper bond purchased into the second half of next year when it may begin hiking interest rates. The risk of the market and the FOMC is inflation. If the pace of inflation continues to rise as it has been, the first interest rate hikes could come sooner than expected and be larger than forecast. The CME’s Fedwatch Tool is projecting the first rate hike will come in June of 2022 and be at least 25 basis points. Featured: Could this be crypto's biggest Trump win? (Ad) 
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Stocks | | |
Broadband connectivity chip maker MaxLinear (NYSE: MXL) stock is hitting all-time highs on its Q3 2021 earnings results. The radiofrequency chipset maker was a big winner during the pandemic as the stay-at-home mandates spurred the birth of the remote worker evolution. The reopening trend progress... Read the Full Story |
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Tech | | | Uber on Thursday posted a big rebound in third-quarter revenue thanks to riders and drivers returning from pandemic lockdowns, but its bottom-line loss was wider than Wall Street expected.
The San Francisco-based ride-hailing company said its third-quarter loss widened to $2.42 billio... Read the Full Story |
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Markets | | |
COVID Stocks Can Still Offer Upside If You Focus on the Right Companies
Not long ago, essentially any company that had exposure to COVID vaccines, treatments, or testing saw their stock prices catch a bid. That’s not so much the case these days, evident in the fact that parabolic rallies in... Read the Full Story |
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Politics | | | President Joe Biden's now- $1.85 trillion plan to boost social and education programs as well as protect against global warming continues to be fine-tuned by Democrats in Congress with a new goal of completing work before Thanksgiving.
The updated plan includes universal preschool, ... Read the Full Story |
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Tech | | | Japanese automaker Honda lowered its profit and vehicle sales forecasts for the fiscal year, pointing Friday to shortages of computer chips and rising material costs.
Honda Motor Co. recorded a 31% drop in its fiscal second quarter profit, to 166.6 billion yen ($1.5 billion) from 240... Read the Full Story |
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Politics | | | The head of Japan’s largest labor federation says she is determined to listen to the voices of all workers in fighting for better wages and conditions.
Tomoko Yoshino is the first woman to head Rengo, the Japanese Trade Union Confederation.
In an interview Thursday wit... Read the Full Story |
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Politics | | | California regulators have voted to increase the capacity of a Los Angeles-area natural gas storage field where a 2015 blowout caused the nation’s largest-ever methane leak and forced thousands from their homes Read the Full Story |
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Stocks | | |
Digital advertising platform Perion Networks (NASDAQ: PERI) stock exploded to the upside on its Q3 2021 earnings results showing double-digit top-line growth and raised guidance. The ad tech company is monetizing digital and connected TV (CTV) advertising and continuing to expand its network as ev... Read the Full Story |
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Markets | | | Wayfair (NYSE: W) was among the most perfectly positioned company’s when it comes to the pandemic. Not only is it a specialist in home furnishings and decor but it is a pure-play on eCommerce as well. Read the Full Story |
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Markets | | |
When you get a salary increase, what's the first thing you do (besides a little happy dance)? Celebrate your newfound wealth by going out to eat? Splurging at happy hour? Buy the new car you've had your eye on?
Not so fast. Why not zip online and increase your retirement savings contribution? Eve... Read the Full Story |
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The Early Bird Stock Of The Day Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks. The company provides its products under the Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Fanta, Sprite, Monster Energy, Coca-Cola Energy, Relentless, nalu, URGE, BURN, Kuli, REIGN, POWERADE, Appletiser, Schweppes, FINLEY, mezzo mix, Royal Bliss, Lift, Vio SCHORLE, Coca-Cola Signature Mixers, NORDIC MIST, smartwater, Chaudfontaine, AQUARIUS, VILAS del Turbon, BONAQUA, Apollinaris, Krystal, Honest, Costa Coffee, Fuzetea, CHAQWA, NESTEA, Capri-Sun, Oasis, Minute Maid, MER, and Tropico brands. In addition, it engages in the bottling and other operations. The company was formerly known as Coca-Cola European Partners plc and changed its name to Coca-Cola Europacific Partners PLC in May 2021. The company was founded in 1904 and is based in Uxbridge, the United Kingdom. | | View Today's Stock Pick |
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