Good MorningEquities fell again on Tuesday on the combined influence of the Omicron COVID variant and remarks from Jerome Powell. Mr. Powell, FOMC Chairman, says the committee will begin talking about an accelerated taper despite the rising threat of the new COVID variant. The news is not altogether surprising given the state of inflation but was unexpected in the face of the new threat. Ultimately, if the Omicron variant does cause disruptions in the global economy, it would likely result in higher inflation due to tightening supply in the face of high demand.
Today’s trading will be focused on the ADP report and the NFP report that is due on Friday. The ADP and NFP are expected to show upwards of half a million new jobs created in November and the figure could be much hotter. Regardless, employment and labor conditions are another cause for inflation and that situation isn’t expected to change significantly.
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Technology | |
Salesforce.com Falls On Weak Guidance, Slowing Growth
Salesforce.com (NYSE: CRM) is one of the best-positioned tech company’s working on the Internet today. The company is not only the leader but the very creator of Customer Relationship Management and is still growing at a high double-dig... Read the Full Story |
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From Our Partners | | Ian Cooper once believed successful options trading meant endless chart-watching, complex strategies, and big risks. That belief nearly cost him everything.
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Technology | | For a company that couldn’t seem to stop rallying last year, 2021 has been death by a thousand cuts for Zoom Video (NASDAQ: ZM). Shares of the video conferencing company hit their all-time highs in October of 2020, right around when COVID vaccines started being approved, and they’ve fall... Read the Full Story |
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Markets | | Small-cap Haynes International (NASDAQ: HAYN) is finding support near its 50-day moving average after slipping from a November 9 high of $47.08.
The Indiana company produces high-performance cobalt and nickel alloys in various forms, including sheet, coil, and plate. Haynes’ products are dep... Read the Full Story |
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Consumer Discretionary | |
As the stock market adage goes, a rising tide lifts all boats. As we’ve learned in recent days, unfortunately, the opposite is also true.
Newfound concerns around the latest coronavirus variant have created broad-based weakness in U.S. equities. Early pandemic winners and vaccine plays have... Read the Full Story |
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Consumer Discretionary | | Online travel agency (OTA) MakeMyTrip (NASDAQ: MMYT) stock is attempting to coil on the continuing spread of COVID-19 vaccinations. The rapidly growing Indian market travel platform was a pandemic loser transformed into a benefactor of the reopening. COVID-19 vaccinations has been the driver for con... Read the Full Story |
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From Our Partners | | Most traders swing between playing it too safe or risking their entire net worth on volatile trades.
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Industrials | | Trucking company Saia (NASDAQ: SAIA) is forming a potentially constructive area of consolidation below a November 17 high of $358.33.
The Georgia-based company specializes in multi-regional less-than-truckload shipping. It also provides expediting and logistics services, as well as “non-asse... Read the Full Story |
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Technology | |
Insider Selling In Ambarella Slacks Off Before Q3 Earnings
Insider activity in shares of Ambarella (NASDAQ: AMBA) is hinting at higher prices not because of buying but because selling has slacked off. Insiders have or had been making regular sales across the broad spectrum of holders all year bu... Read the Full Story |
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Markets | |
I'm getting a little panicky because I haven't bought a single thing for the holidays… Are you in the same boat?
But maybe that's okay, because that means I'll spend less. At any rate, it's important to remember that once I do hit the internet (and the mall), I'll need to remember a few po... Read the Full Story |
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Technology | |
The Metaverse is Here to Stay
Imagine an interactive world that combines multiple elements of technology such as virtual reality, augmented reality, and video to offer users a truly unforgettable experience. This is the main concept behind the metaverse, which is a topic that has certainly gotten... Read the Full Story |
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Consumer Staples | |
Church & Dwight Co., Inc Is A Buy On Market Weakness
We’ve liked Church & Dwight (NYSE: CHD) for its slow, steady growth and reliable dividend and now we like it even more. The company just announced a new deal that already has the analysts warming up and we see this driving share p... Read the Full Story |
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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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