Good MorningLast week the equities markets drifted higher to set a new all-time high. The caveat for investors is that signs of underlying weakness remain in the market and could be setting the indices up for a fall. Although the bulk of S&P 500 companies are beating their consensus estimates the market was expecting much better and that is not a good thing for equity prices. Not only is the earnings picture dimming but the data is also less than could be desired. While the bulk of the data is positive, none of it suggests an acceleration of economic trends.
This week will be different. Although the earnings cycle is fast coming to a close the economic calendar is full. Among the many reports to be on alert for are Retail Sales, the producer price index, industrial production, business inventories, and housing starts. The surprise reports may be the industrial production and business inventories. The pandemic-driven demand and economic rebound have inventories dwindling and production on the rise.
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Markets | | Global shares advanced on Tuesday, lifted by the economic recovery, vaccine rollouts and signs that new coronavirus cases may be abating.
U.S. markets were closed Monday for Washington's Birthday, a national holiday. Shanghai remains closed for the Lunar New Year, until Thursday.
... Read the Full Story |
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Markets | | Since Medpace (NASDAQ:MEDP) stock made its August 2016 market debut around $28, it has enjoyed a very nice run. Over the last three calendar years, Medpace has had returns of 46%, 59%, and 66%, respectively. Read the Full Story |
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Markets | | Agricultural commodities products and lithium producer Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) stock has been on a powerful uptrend fueled by momentum in lithium suppliers. The electric vehicle (EV) revolution has fueled the worldwide hunger for battery grade lithium to power them. Europ... Read the Full Story |
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Politics | | BUDAPEST— A shipment of a COVID-19 vaccine produced in China arrived in Hungary Tuesday morning, making the country the first in the European Union to receive a Chinese vaccine.
A jet carrying 550,000 doses of the vaccine, developed by the Chinese state-owned company Sinopharm, landed... Read the Full Story |
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Politics | | CANBERRA, Australia — Australia’s regulator on Tuesday approved the AstraZeneca vaccine as its second for use against COVID-19.
Pfizer's product will be available in Australia next week. It will be given in two doses three weeks apart, while AstraZeneca's will be administered in two d... Read the Full Story |
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Tech | | Australia’s government said on Tuesday it will amend draft laws that would make Google and Facebook pay for news to clarify that publishers would be paid in lump sums rather than per click on news article links.
The legislative changes described in a government statement as “clarifica... Read the Full Story |
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Politics | | Union activist Terrence Wise recalls being laughed at when he began pushing for a national $15 per hour minimum wage almost a decade ago. Nearly a year into the pandemic, the idea isn't so funny.
The coronavirus has renewed focus on challenges facing hourly employees who have continue... Read the Full Story |
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Markets | | Internet content delivery network (CDN) provider Limelight Networks (NASDAQ: LLNW) shares recently got punished on its Q4 2020 earnings. The provider of edge cloud services makes it possible for the internet to operate rapidly and smoothly much like the express toll lanes suffered a swing to losses ... Read the Full Story |
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Markets | |
If you're looking for a company that had a great quarter, look no further than AutoNation (NYSE:AN), who recently turned in its fourth-quarter results. With 315 retail operations scattered throughout the United States, most of them were firing on all cylinders as the company brought in some ... Read the Full Story |
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Markets | | The cryptocurrency market has been sustaining itself for quite some time which raises the question, what’s happening now? Prices for Bitcoin are skyrocketing like in 2018 and there is no end in sight. Read the Full Story |
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The Early Bird Stock Of The Day Commvault Systems, Inc. provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls. It also provides Commvault HyperScale X, an easy-to-deploy scale-out solution; and Metallic Recovery Reserve, an easy button to adopt secure and scalable cloud storage in minutes. In addition, the company provides technology consulting, Ransomware recovery, education, and remote managed services. Further, it sells appliances that integrate the software with hardware for use in a range of business needs and use cases; and offers customer support, consulting, assessment and design, and installation services, as well as customer education and as-a-service under the Metallic brand. The company sells its products and services directly through its sales force, and indirectly through its network of distributors, value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers to large enterprises, small or med-sized businesses, and government agencies. It supports customers in a range of industries, including banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utilities, and energy. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey. | View Today's Stock Pick |
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