Good MorningThe equities markets edged higher again on Friday to round out a generally upbeat week. Although there are still risks to the market it seems as if the worst of the COVID pandemic could be behind us. Not only is the number of daily new cases hitting new lows every day the rate of new cases is the lowest it’s been since early November. The decline in COVID cases is helping to bolster what is fast becoming a bright outlook for 2021 earnings following a week filled with better than expected earnings results and upwardly revised guidance.
On the economic front, the January non-farm payrolls report was a little weaker than expected but the balance of the labor data is positive. Data from the ADP report on employment to the Challenger report on layoffs point to the same thing; stabilization within the labor market. The key takeaways for the week are that unemployment fell another 4 tenths to 6.3% while plans for hiring and job availability trend near record highs.
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Politics | | | India has high hopes its ties with the United States will deepen under President Joe Biden, who was a key proponent of the 2008 civil nuclear deal between the countries and whose new administration includes several Indian Americans.
Key officials in Biden's administration have alread... Read the Full Story |
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Markets | | | Legacy media and entertainment platform RealNetworks (NASDAQ: RNWK) stock has reversed its multi-year downtrend. The year 2021 has seen a resurgence of legacy momentum stocks and former high fliers rise from the ashes Read the Full Story |
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Politics | | | COLOMBO, Sri Lanka - A Sri Lankan official says Russia has offered to help produce its COVID-19 vaccine locally and that the government is looking into the possibility of packaging it in two factories.
Dr. Amal Harsha de Silva. secretary to the ministry of COVID-19 prevention, told me... Read the Full Story |
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Politics | | | The military coup in Myanmar is unlikely to do the country’s struggling economy, once considered a promising “last frontier,” any good at all.
Myanmar's economy has languished as the pandemic added to its challenges and the prospect of fresh Western sanctions in the wake of this week... Read the Full Story |
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Politics | | | Ford Motor Co. lost $1.28 billion last year as it dealt with a huge restructuring, a costly recall and a decline in the value of its pension fund.
But the company said Thursday it is generating strong cash flow and will go all-in on electric vehicles. Ford said it would now spend at l... Read the Full Story |
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Markets | | | German factory orders fell more sharply than expected in December, suggesting recent coronavirus lockdown measures are starting to impact industry in Europe's largest economy, new statistics showed Friday.
Industrial orders fell 1.9% in December over the previous month, following a sl... Read the Full Story |
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Markets | | | A 9% drop yesterday in the session after their fiscal Q1 earnings were released said a lot about the street’s attitude towards Qualcomm’s (NASDAQ: QCOM) report. As is often the case, Wall Street seemed to smell blood Read the Full Story |
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Markets | | | We’re talking about Alphabet (NASDAQ:GOOGL), the world’s leading Internet search provider and the largest generator of internet advertising revenue. Here are a few reasons why it’s the best FAANG stock to buy in 2021. Read the Full Story |
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Markets | | |
Drug companies have had an excellent run of late, as healthcare takes on a whole new importance in the face of a new disease like COVID-19. Yet even as COVID-19 seized the world by the collective throat, there were other diseases needing addressing, and medications required to do so. Regeneron (NA... Read the Full Story |
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Markets | | | Hershey’s (NYSE:HSY) became an attractive investment last year when the COVID-driven sell-off resulted in ultra-low prices for this consumer staple. The company was not only well-positioned to weather the storm Read the Full Story |
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The Early Bird Stock Of The Day McCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD. | | View Today's Stock Pick |
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