Good MorningEquities rallied for a third day on Wednesday as fears of the Omicron variant wane. Pfizer reported that three doses of its vaccine were enough to neutralize the virus and that was enough to neutralize the fear as well. The S&P 500 crept up about 0.25% by the end of the day, not enough to set a new all-time high but very very close.
On the economic front, the JOLTs report showed a surprising increase in job openings. The number of job opening moved up to 11 million and just short of a new record despite and expectation for a flat reading. Later in the week the CPI data is released and it may be the biggest news of the week. Inflation is expected to run hot again and will more than likely up the stakes in terms of when the first FOMC rate hike will come.
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Hampered by supply chain issues?
Global supply chain issues have started to recede, but executives in shipping, manufacturing and retail say that they don’t expect a normal return to operations until next year, according to the Wall Street Journal. COVID-19 outbreaks could also affect... Read the Full Story |
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Politics | | | Asian stock markets were mixed Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve's decision on when to roll back economic stimulus.
Shanghai, Hong Kong and Seoul advanced. Tokyo and Sydney declined.
Wall Street rose for a thir... Read the Full Story |
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Markets | | | Despite missing on the top and bottom lines for the second consecutive quarter, Ollie's management remains committed to the company’s growth plan. If they're right, contrarian investors may find some value in OLLI stock. Read the Full Story |
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If investors have learned one thing since the start of the pandemic it is to buy the dips. The major stock market plunge of last year and every minor one since has turned out be a chance to scoop up some ‘bound to rebound’ shares. The latest market recovery may be the most unlikely of ... Read the Full Story |
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Markets | | | Southwest Airlines said Wednesday that it expects to turn a profit in the fourth quarter and throughout 2022 as air travel recovers from the pandemic, and that the new COVID-19 variant is not hurting bookings.
Company executives said travel demand was strong over Thanksgiving and leis... Read the Full Story |
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Markets | | | Thor Industries (NYSE: THO) has been one of our favorite post-pandemic stories and a market we think is gearing up for another run higher. The company has been working hard on organic and acquisitional growth that are both supported by strong secular trends within the industry. Read the Full Story |
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Politics | | | Tens of millions of workers across the U.S. are in limbo as federal courts have put President Joe Biden’s COVID-19 vaccine mandates affecting private companies on hold. On Tuesday, a federal judge in Georgia stayed a vaccine mandate for employers of companies that contract with the federal governmen... Read the Full Story |
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Politics | | | A new $56,000-a-year Alzheimer’s medication that’s leading to one of the biggest increases ever in Medicare premiums is highlighting the limitations of President Joe Biden’s strategy for curbing prescription drug costs Read the Full Story |
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Politics | | | Center-left leader Olaf Scholz on Wednesday became Germany's ninth post-World War II chancellor, opening a new era for the European Union’s most populous nation and largest economy after Angela Merkel’s 16-year tenure.
Scholz’s government takes office with high hopes of modernizing Ge... Read the Full Story |
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Digital advertising technology (AdTech) platform Pubmatic (NASDAQ: PUBM) stock has recovered with the post-pandemic reopening. The Company raised its Q4 2021 and full-year revenue guidance as it pursues many growth drivers including Supply Path Optimization, audience addressability, and high growt... Read the Full Story |
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The Early Bird Stock Of The Day VerifyMe, Inc., together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions. The VerifyMe Solutions segment offers technology solutions to connect brands with consumers allowing brand owners to gather business intelligence while engaging directly with their consumers. Its solutions provide brand protection and supply chain functions, such as counterfeit prevention, traceability, consumer engagement solutions, and authentication for labels, packaging, and products, as well as tamper-proof labels. The PeriShip Global Solutions segment offers predictive analytics for optimizing delivery of time and temperature sensitive perishable products. This segment's products include PeriTrack customer dashboard, an integrated web portal tool gives its customers an in-depth look at their shipping activities based on real-time data. It also provides call center, pre-transit, post-delivery, and weather/traffic services. The company has a strategic partnership with INX International Ink Company. The company was formerly known as LaserLock Technologies, Inc. and changed its name to VerifyMe, Inc. in July 2015. VerifyMe, Inc. was incorporated in 1999 and is headquartered in Lake Mary, Florida. | | View Today's Stock Pick |
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