Good MorningInvestors pushed the major indices marginally higher in Wednesday trading after a clear case of when good news is bad for the market. The ADP employment report was released early on Wednesday morning and came in much better than expected. The consensus estimate was close to 45,000 and the actual results were nearly 4 times better.
The news is good in the sense that rising employment and improving labor market conditions will help support the economy. The news is bad in the sense it is another bit of evidence that undermines the need for another large, broad economic stimulus package. The S&P 500 advanced about 0.45% to trade just shy of the recently set all-time high. The day’s range was very small, less than 50 points, and shows a market unsure of what to do next.
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Technology | | Semiconductor lithography systems maker ASML Holdings N.V. (NASDAQ: AMSL) stock has been rising in a parabolic manner as the insatiable global demand for faster, cheaper, and more powerful chips continue to accelerate. ASML’s state of the art extreme ultraviolet (EUV) lithography systems curre... Read the Full Story |
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Business Services | | Labor Stocks Will Boom In 2021
Labor stocks are set to boom in 2021, it’s just that simple. Despite all the headwinds provided by the pandemic, the labor market has been able to hold up rather well and the economic rebound is already on. Based on what the CBO says, economic activity in the U.... Read the Full Story |
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Retail/Wholesale | |
Since spinning off from McDonald's 15 years ago, Chipotle Mexican Grill (NYSE:CMG) has had its share of ups and downs. Issues related to foodborne illness outbreaks damaged the company's reputation and sales a few years back. For a period, it looked like Chipotle would never be the same in the eye... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Technology | | Pinterest (NYSE: PINS) is set to report its Q4 earnings tomorrow after the bell. The online product and idea discovery platform has been one of the biggest pandemic winners; shares have roughly quadrupled since the beginning of 2020.
The pandemic has had a net-positive impact on Pinterest – t... Read the Full Story |
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Markets | | Mobile social gaming platform Zinga (NASDAQ: ZNGA) stock has been hitting record highs on the success of its gaming apps. The growth in both revenues and daily active users (DAU) can be attributed to the stay-at-home mandates triggered by COVID-19 pandemic in 2020 along with its acquisition strategy... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
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Finance | |
Trading high-momentum stocks can certainly be one of the most lucrative investment strategies to pursue. On the other hand, you need to be very skilled and disciplined to avoid getting caught in potentially catastrophic losses if a position starts to lose steam. Timing of your entries into momentu... Read the Full Story |
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Industrials | | Grainger Is A Rebound Story Waiting To Happen
Grainger (NYSE:GWW) is not a pandemic winner. It did not see its revenue surge by double-digits or its growth accelerate. Grainger is one of those lucky companies that was not only able to weather the storm and emerge stronger. It is also a company in t... Read the Full Story |
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Technology | |
Love it, hate it, or somewhere in between, there are very few who don't know the name Alphabet (NASDAQ:GOOGL), parent company of Google. The company just turned in a massive hit on its earnings reports, and showed just why it's a major figure in the search engine and cloud computing industries rig... Read the Full Story |
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Consumer Staples | | Scotts Miracle-Gro Delivers Transformational Quarter
The Scotts Miracle-Gro (NYSE:SMG) story is a rare one in today’s market but not entirely unique. The company had begun a major transformation years before the pandemic that 1) had it growing at a strong double-digit and 2) set it up for the... Read the Full Story |
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Consumer Discretionary | |
According to market research provider Reportlinker.com, the global gaming market is forecast to grow at a 17% rate and reach a value of more than $250 billion by 2025. A major beneficiary of the explosive growth in video game entertainment is expected to be Electronic Arts (NASDAQ:EA).
Electronic... Read the Full Story |
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The Early Bird Stock Of The Day MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water. The Natural Gas and NGL Services segment gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded on March 27, 2012 and is headquartered in Findlay, OH. | | View Today's Stock Pick |
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