Good MorningThe major indices were largely unchanged on Wednesday after briefly moving into new all-time high territory early in the day. The Dow Jones Industrial Average led the day but advanced less than 0.50% at the high of the day.
Investors have turned cautious after a historic run-up as uncertainty over economic stimulus and corporate earnings begin to rise. The problem isn’t that stimulus won’t come or earnings won’t rise, the problem is that chances of better-than-consensus earnings results for calendar 2021 are dwindling in the face of rising valuations.
In stock news, the Reddit crowd has turned its attention to the pot market. Pot stocks are seen as undervalued in the new paradigm of increasing profitability and potential for U.S. legalization. Shares of both U.S. and Canadian cannabis companies gained double-digits during the session with the Alternative Harvest ETF (MJ) up more than 15%.
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Markets | | | Newell Brands (NASDAQ:NWL) is expected to post another solid earnings report when it updates shareholders on Friday, February 12. The whisper number is projecting that the company will post earnings of 67 cents per share Read the Full Story |
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Markets | | |
Things were looking very concerning for the auto industry in the U.S. at the onset of the global pandemic. With many of the major automakers closing down their manufacturing plants for a portion of 2020 and auto sales experiencing sharp declines, these stocks faced major selling pressure for the f... Read the Full Story |
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Politics | | | World stock indexes were mostly higher on Thursday after President Joe Biden held his first conversation with Chinese leader Xi Jinping since taking office, though there was no indication of any major change in U.S. trade policy.
Many markets in Asia were closed for the Lunar New Yea... Read the Full Story |
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Stocks | | |
Ever since a bundle of Reddit users on a stock chat page got together and decided mutually to turn GameStop (NYSE:GME) into a kind of whipping boy for the hedge fund system, many investors have wondered which stock would be next to receive a similar treatment. There are some signs that suggest Red... Read the Full Story |
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Politics | | | LISBON, Portugal -- Portugal has started inoculating the country’s about 15,000 firefighters against COVID-19.
Portuguese firefighters commonly operate ambulances, and they will be vaccinated over a two-week period starting Thursday.
Meanwhile, the health ministry says ... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough. | | Click here to see why Tesla's about to prove everyone wrong... again. |
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Markets | | | United Airlines said Wednesday it will buy up to 200 small electric air taxis to help customers in urban areas get to the airport.
The airline said it will help electric-aircraft startup Archer develop an aircraft capable of helicopter-style, vertical takeoffs and landings. Archer hop... Read the Full Story |
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Stocks | | | Land-based and digital gaming company Everi Holdings (NYSE: EVRI) stock is started to get “discovered” by investors looking for exposure in the recovery of casino gaming and acceleration in iGaming legalization. Read the Full Story |
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Markets | | | Doing your homework to determine why a dividend yield is so high can uncover some golden opportunities to cash in on generous dividend payments. Here are three high yield large caps for income-oriented investors to buy and hold in this low-interest-rate environment.
Read the Full Story |
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Politics | | | MEXICO CITY — Mexican regulatory authorities have granted approval for the use of two Chinese coronavirus vaccines — the Coronavac made by Sinovac and another made by CanSino.
The assistant health secretary says the first bulk shipment of an expected 2 million CanSino doses is to arri... Read the Full Story |
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Markets | | | AstraZeneca is working with the University of Oxford to adapt its COVID-19 vaccine to protect against new strains of the virus as public health officials raise concerns about mutations that may make the virus more resistant to existing vaccines Read the Full Story |
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The Early Bird Stock Of The Day IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. The company also offers integrated laser systems; LightWELD, a handheld laser welding system; 2D compact flat sheet cutter systems and multi-axis systems for fine welding, cutting, and drilling; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems for material processing applications; robotic and multi-axis workstations for welding, cutting and cladding, flatbed cutting systems, and diode markers; and laser and non-laser robotic welding and automation solutions. It serves materials processing, communications, medical procedures, and advanced applications and communications markets. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Marlborough, Massachusetts. | | View Today's Stock Pick |
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