Good MorningEquities continued their back-and-forth action on Wednesday with the markets rebounding more than 1.5% at the high of the day. The bad news is that those highs failed to hold and price action was ultimately bearish. The rise of the new OMICRON COVID variant has thrown a new twist into the earnings outlook and it is not a good one. With supply chains already struggling from the last series of economic shutdowns, any disruption could be the one to bring the entire system to a halt.
On the economic front, the ADP Employment report came in better than expected but was offset by a downward revision to the previous month. Regardless, the ADP figure is in line with the expectation for Friday’s NFP report and a welcome sign of strength. The market may correct but, if it does, it will be a buying opportunity for long-term investors.
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Digital advertising platform The Trade Desk (NASDAQ: TTD) is exhibiting a potentially constructive formation after a big move in November.After jumping sharply higher, many stocks move sideways as big institutions hold their newly purchased shares without making big additions. That's exactly what ... Read the Full Story |
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Politics | | | A proposal to replace an oil pipeline that was shut down in 2015 after causing California's worst coastal spill in 25 years is inching though a government review, even as the state moves toward banning gas-powered vehicles and oil drilling.
Consideration of the $300 million proposal b... Read the Full Story |
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Markets | | | Al Kelly believes there has been a permanent shift in how consumers worldwide pay for goods and services. His 91-year-old parents are a prime example.
The CEO of payments processing giant Visa recently visited his mother just after she'd finished buying her groceries online — somethin... Read the Full Story |
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Uranium refiner Centrus Energy (NYSEAMERICAN:LEU) is finding support near its 50-day moving average after pulling back from a November 12 high of $88.88.
It’s gotten a boost as uranium spot prices have risen in the past seven months.
The company reported its third-quarter on No... Read the Full Story |
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Tech | | | Citing an improved supply of automotive computer chips, General Motors raised its financial guidance on Wednesday and said it expects to return to a normal production rate by the end of next year.
Chief Financial Officer Paul Jacobson told investors on a virtual chat with Credit Suiss... Read the Full Story |
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Politics | | | A Canadian energy company that sought to build a natural gas pipeline and marine export terminal in Oregon has pulled the plug on the controversial project after failing to obtain all necessary state permits Read the Full Story |
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Politics | | | The coronavirus’s omicron variant kept the world off balance Wednesday as reports of infections linked to the mutant strain cropped up in more parts of the globe, and one official said that the wait for more information on its dangers felt like “an eternity.” Read the Full Story |
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Markets | | | Enterprise data storage solutions provider Pure Storage, Inc. (NYSE: PSTG) stock has been rallying to yearly highs on the heels of its Q3 2021 earnings report and raised guidance. The post-pandemic surge in both top and bottom line vindicate its strategy. The Company enjoys much acclaim as a leading... Read the Full Story |
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Markets | | | We’ve had some interest in Patterson Companies, Inc (NASDAQ: PDCO) because of its high yield, its value, and its position within the market. There is nothing exciting about dental or animal health but it is a steady business and one supported secular trends. Read the Full Story |
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Stocks | | | It was no surprise for G-III Apparel (NASDAQ: GIII) to have a strong quarter because the entire retail sector showed strength in this reporting cycle. It was a surprise to see price action make such an abrupt about-face after gapping up at the open and then moving higher in early trading. Read the Full Story |
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The Early Bird Stock Of The Day Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income markets, as well as invests in real estate and private equity. Janus Henderson Group plc was founded in 1934 and is based in London, United Kingdom with additional offices in Jersey, United Kingdom and Sydney, Australia. | | View Today's Stock Pick |
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