Good MorningEquities held their ground on Tuesday following Monday’s climb to new highs. The move is as much about digesting the new gains, however, as it is about the threat of COVID-19 and the impact of the Omicron variant. While the spread of COVID-19 remains a threat the Omicron variant is far less a problem than first thought. The latest news, in fact, suggests Omicron may help fight against the more virulent Delta variant.
The real question traders want to be answered is what will happen to the market in January? Will we see the typical January effect or will there be a sell-off to take the market back down to firmer support? Like they say as it goes in January, so goes the rest of the year.
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Markets | | | The iShares Semiconductor ETF (NASDAQ: SOXX), whose top two components are Broadcom (NASDAQ: AVGO) and Qualcomm (NASDAQ: QCOM), is up 47.59% year-to-date, reflecting strong demand for chips amid the global shortage. Read the Full Story |
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Tech | | | A wobbly day of trading on Wall Street left stock indexes mixed Tuesday, pulling the S&P 500 just below its latest record high.
The benchmark index slipped 0.1% after wavering between modest gains and losses. The slight loss snapped a four-day winning streak for the index, which s... Read the Full Story |
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Tech | | | Stock indexes are mixed on Wall Street in afternoon trading Tuesday, placing the market within striking distance of another record high as investors close out their positions for 2021.
The S&P 500 was up 0.1% as of 3:45 p.m. Eastern. The benchmark index is coming off an all-time h... Read the Full Story |
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Markets | | | U.S. home prices surged again in October as the housing market continues to boom in the wake of last year's coronavirus recession.
The S&P CoreLogic Case-Shiller 20-city home price index, out Tuesday, climbed 18.4% in October from a year earlier. The gain marked a slight decelerat... Read the Full Story |
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Markets | | | Stocks were slightly higher Tuesday, adding to the momentum the market had the day before, as investors continue to close out their positions for 2021.
Bank and health care stocks were among the better performers, while technology companies, which did well on Monday, lagged the broade... Read the Full Story |
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Markets | | | The global automotive industry is at an interesting crossroads heading into 2022. Supply chain constraints have reduced the number of new vehicles available for purchase, which has certainly had a negative impact on earnings for some of the major players in the industry Read the Full Story |
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Braze, Inc Is Firing On All Cylinders
Braze, Inc (NASDAQ: BRZE) IPOd in November to the same fanfare with which many of this year’s IPOs were faced. A lot of hype leading into the event and not a lot of bullish activity in its wake. Shares opened well above the intended high-end of th... Read the Full Story |
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Tech | | | The dozens of Type 90, or “Kyumaru,” tanks rumbling through recent shooting drills on Japan's northern island of Hokkaido exemplify the challenge its arms makers face both at home and overseas as the country fortifies its defenses against strategic threats.
The Self Defense Force nee... Read the Full Story |
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Markets | | | Data search and analytics platform Elastic (NYSE: ESTC) stock has taken a tumble towards 2021 lows but is primed for a snapback rally. The leading provider of enterprise data search solutions is still showing impressive double-digit top-line growth. Shares sold-off on fiscal Q2 2022 resulted in fear... Read the Full Story |
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Cal-Maine Gets Crushed By Inflation
Cal-Maine Foods (NASDAQ: CALM) had a good quarter and a bad quarter during the calendar 3rd quarter and it looks like the underlying trends will remain in place for at least the near to mid-term. On the one hand, rising demand and tightening conditions wi... Read the Full Story |
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The Early Bird Stock Of The Day Encompass Health Corporation provides post-acute healthcare services in the United States and Puerto Rico. It owns and operates inpatient rehabilitation hospitals that provide medical, nursing, therapy, and ancillary services. The company provides specialized rehabilitative treatment on an inpatient basis to patients who have experienced physical or cognitive disabilities or injuries due to medical conditions, such as strokes, hip fractures, and various debilitating neurological conditions. It offers services through the Medicare program to federal government, managed care plans and private insurers, state governments, and other patients. The company was formerly known as HealthSouth Corporation and changed its name to Encompass Health Corporation in January 2018. The company was incorporated in 1984 and is based in Birmingham, Alabama. | | View Today's Stock Pick |
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