Good MorningInvestors were optimistic on Monday as peak earnings season continues to wear on. With roughly 40% of the S&P 500 reports in the bag, the results are better than expected. Nearly 80% of the companies that have reported have beaten their consensus targets putting the index on track to post positive earnings growth for the quarter. This week investors will be on the lookout for reports from Alphabet, Amazon, Exxon, Pfizer, and Chipotle Mexican Grill.
The NASDAQ Composite led Monday’s rally with a gain near 3.0%. The tech-heavy index was boosted by 4.0% gains in both Amazon and Google which surged in anticipation of strong results. Elsewhere in the market, gains were supported by a new report from the CBO. The CBO says economic activity is rebounding faster than expected and will regain its pre-pandemic levels in mid-2021. As bullish as the data is, the new figures do not include additional stimulus which that would only brighten the outlook.
Featured: Could this be crypto's biggest Trump win? (Ad) 
|
Markets | | | AbbVie (NYSE:ABBV) will report earnings before the market opens on February 3, 2021. The biopharmaceutical giant is expected to post earnings per share and revenue that mark both a sequential and year-over-year gain Read the Full Story |
|
|
Tech | | | It's a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store.
But the revolt of online stock-traders suggests much more. The internet is shifting society’s balance of power in unanticipated wa... Read the Full Story |
|
Markets | | | Global stock markets rose Monday after coronavirus vaccine maker AstraZeneca agreed to increase supplies to Europe amid rising worries about the disease.
London and Frankfurt opened higher while Shanghai and Tokyo also advanced.
U.S. futures were higher following Friday... Read the Full Story |
|
|
Stocks | | | Worldwide vehicle parts manufacturer Magna International (NYSE: MGA) stock has benefitted from the electric vehicle (EV) momentum lead by first movers like Tesla (NASDAQ:TSLA) and into the legacy U.S. automakers like Ford (NYSE: F) and General Motors (NYSE: GM). Read the Full Story |
|
Stocks | | |
With volume in the iShares Silver Trust ETF (NYSEARCA:SLV) seeing one of its biggest days ever in Monday’s trading session and a recent surge in the price of silver to the highest levels since February 2013, this precious metal has quickly become a focus for both traders and investors alike.... 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 >> |
|
Politics | | | India’s government has proposed to increase spending on health care in a $477 billion budget for 2021-22 that promises extra help for weathering the coronavirus pandemic.
India is in its worst economic slowdown in a decade. The budget proposal presented to parliament by Finance Minis... Read the Full Story |
|
Markets | | | Australian media companies admitted in court Monday they breached a gag order in publishing references to Cardinal George Pell’s since-overturned convictions in 2018 for child sexual abuse. The plea agreement avoids any journalist being sent to prison.
Dozens of companies, reporters a... Read the Full Story |
|
Politics | | | Ten Republican senators are proposing spending about one-third of what President Joe Biden is seeking in coronavirus aid and they're urging him to negotiate rather than try to ram through his $1.9 trillion package solely on Democratic votes Read the Full Story |
|
Markets | | | International payments facilitator MoneyGram International (NYSE: MGI) stock has arisen from the ashes as a turnaround play outperforming the year-to-date (YTD) performance of the benchmark S&P 500 index (NYSEARCA: SPY). Read the Full Story |
|
Markets | | | Another Perfect Play On The Pandemic; Thermo Fisher Scientific
The post-pandemic investing world is filled those “perfectly positioned” companies and Thermo Fisher Scientific (NYSE:TMO) is one of them. The pandemic is a massive global health crisis marked by intensive and widespread tes... Read the Full Story |
|
The Early Bird Stock Of The Day Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; and OVJP, an organic vapor jet printing technology. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products; and contract research services in the areas of chemical synthesis research, development, and commercialization for non-OLED applications, as well as engages in the intellectual property and technology licensing activities. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey. | | View Today's Stock Pick |
|
