Good MorningEquities continued to bounce back on Tuesday as traders and investors reassess the risk of the Omicron variant. While still a concern, it looks like the variant produces a less severe case of COVID and may not cause much damage to the economy. The S&P 500 advanced more than 2.0% at the high of the day and came close to setting a new all-time high.
Tech stocks were among the big winners with chip stocks and Apple moving up 4% and 3% respectively but all 13 S&P sectors were higher. Traders are cautioned, however, that key economic data is due out later this week and could cap gains. The monthly reading of the CPI is due out on Friday and it is expected to be hot. The question is how hot and how will the market react. Hot inflation is ultimately a bad thing for the economy but could sustain the market rally until consumption begins to wane.
Featured: See the Daily 10AM setup for 4PM payouts (Ad) 
|
Stocks | | |
MarketBeat and Seeking Alpha are two of the well-known websites that give individual investors access to stock research and analysis. Both sites provide a significant amount of many of free content. But with many similar features, it can be hard to distinguish between the two sites.
That’s ... Read the Full Story |
|
|
Politics | | | Global investors are watching nervously as one of China’s biggest real estate developers tries to avoid a default on its $310 billion mountain of debt.
Evergrande Group, which is scrambling to turn assets into cash, rattled financial markets Friday when it warned it might run out of m... Read the Full Story |
|
Markets | | | Shares of China-based online marketplace Alibaba Group (NYSE: BABA) are up more than 11% so far this week, marking the stock’s best performance since early October.
Shares are down 45.97% year-to-date. The stock closed at $125.54 Tuesday, up $1.94, or 1.57%.
The uptick follows ne... Read the Full Story |
|
|
Politics | | | American Airlines CEO Doug Parker will retire in March and be replaced by its current president, Robert Isom, as the nation’s largest airline seeks to rebuild after massive losses caused by the pandemic.
Parker, 60, has been CEO at three different airlines since 2001, including the la... Read the Full Story |
|
Tech | | | Rohingya refugees are suing Facebook parent Meta Platforms for more than $150 billion over what they say was the company’s failure to stop hateful posts that incited violence against the Muslim ethnic group by Myanmar’s military rulers and their supporters Read the Full Story |
|
From Our PartnersWhat If Washington Declared That:
YOUR Money ISN'T Actually Yours?
Sounds insane, but that's exactly what the Department of Justice just admitted in court—claiming cash isn't legally your property.
What does that mean? It means Washington thinks they can seize, freeze, or drain your accounts—whenever they want. | | | Get your free guide now by clicking here >> |
|
Tech | | | Toyota announced on Monday that it plans to build a $1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people and help meet the auto giant's growing goals of electric vehicle sales this decade.
Company leaders joint Gov. Roy Co... Read the Full Story |
|
Tech | | | Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions Read the Full Story |
|
Markets | | | Compass Diversified (NYSE: CODI) on Tuesday cleared a cup-with-handle base above a buy point of $32. Trading volume was more than triple the average mid-session. Tuesday’s breakout followed a gain of 6.96% Monday, in volume 300% heavier than normal. Read the Full Story |
|
Markets | | | Luxury online consignment marketplace The RealReal (NASDAQ: REAL) stock has shrugged off its Q3 2021 earnings spike as it fills the gap and heads lower into the close of 2021. The largest digital market place for used luxury apparel and collections is still showing double-digit growthy despite not b... Read the Full Story |
|
Markets | | |
Do you dread putting together your New Year's Resolutions each year?
Why not change your thinking? Instead of saying, "I'll save X amount for retirement in the new year" or "I'll budget an extra $200 every week," why not first vow to change your money attitudes? It can positively affect you... Read the Full Story |
|
The Early Bird Stock Of The Day National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr. Pure; and carbonated soft drinks under Shasta and Faygo brands. It serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. National Beverage Corp. was incorporated in 1985 and is headquartered in Fort Lauderdale, Florida. | | View Today's Stock Pick |
|
