Good MorningThe equities market continued its rebound on Tuesday with the major indices all gaining at least 1.75% at the high of the day. Investors are cheering an apparent reduction in volatility and declining risks of a retail trader stampede. The historic short-squeeze in Gamestop that sparked the fear appears to have run its course but share prices for GME are still well above their December 2020 levels.
The implication of Tuesday’s move is more than short-term. The market, in its move higher, confirmed support at a major moving average and in turn a continuation of the uptrend. The next hurdle for the market will be resistance at the all-time high and that test may coincide with the January jobs report. The report is expected to reverse December’s net job losses and will be closely scrutinized by the market.
Featured: Volatility Is Rising—But These 2 AI Stocks Could Thrive (Ad) 
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Markets | | | Global stocks followed Wall Street higher Tuesday after President Joe Biden invited Republicans to a meeting to discuss economic aid, while silver eased off an eight-year high.
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong also advanced.
U.S. futures... Read the Full Story |
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Markets | | | The erratic trading in shares of underdog companies like GameStop that turned markets combustible last week appears to have migrated to commodities, sending silver prices surging to an eight-year high Read the Full Story |
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Politics | | | VIENNA — Austria is toughening entry requirements in an effort to prevent the spread of contagious coronavirus variants.
Interior Minister Karl Nehammer said Tuesday that the country will require weekly tests for cross-border commuters, who also will have to register under a “pre-trav... Read the Full Story |
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Politics | | | Australia’s prime minister said more targeted economic relief for businesses struggling with pandemic restrictions could be coming after Parliament resumed on Tuesday for the first time in 2021.
Tourism, aviation and hospitality are among the industries calling for extended financial ... Read the Full Story |
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Politics | | | Authorities in Washington state are warning hospitals and other facilities giving coronavirus vaccinations not to give special access to some people, saying they will risk having their supplies of doses cut Read the Full Story |
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Markets | | | Lithium junior miner Lithium Americas (NYSE: LAC) stock has surged on the prospects of mining and supplying lithium to the ever hungry electric vehicle (EV) battery segment. The race for EV battery optimization requires hefty supplies of rare earth element lithium. On a geopolitical basis, the effor... Read the Full Story |
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Markets | | | We became interested in Emerson Electric Co. (NYSE:EMR) early in the pandemic because of its status as a dividend grower. The company is a blue-chip business manufacturing electrical components for virtually all industries Read the Full Story |
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Markets | | |
Although its roots date back to the 1850's iconic American elevator company Otis Worldwide (NYSE:OTIS) has traded as an independent entity on the New York Stock Exchange (NYSE) for less than a year.
Since its recent spin-off from former parent United Technologies, Otis Worldwide has done just fin... Read the Full Story |
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Markets | | | They mightn’t capture the headlines to the same extent as some tech companies, but shares of consumer staple Colgate-Palmolive (NYSE: CL) are just as worthy of attention as we head into 2021. You just need to look a little deeper.
They finished last year at all-time highs after a 45% run from... Read the Full Story |
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Markets | | | PayPal (NASDAQ: PYPL) was one of the biggest pandemic winners in the market in 2020. The electronic payments giant added 21.3 million net active accounts during Q2 2020 – its best result ever. It followed that up by adding 15.2 million net active accounts in Q3 – its second-best result e... Read the Full Story |
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The Early Bird Stock Of The Day Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries. The Advanced Technologies and Services segment develops application-specific integrated circuits, pixel-based sensors, and advanced lasers. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida. | | View Today's Stock Pick |
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