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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Over time a stock's price can run up into the hundreds of dollars if things are going well. Many companies opt to enact a stock split that reduces the share price and makes it more accessible to retail investors. Other companies prefer to leave their share price high often to induce the perception... Read the Full Story |
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Stocks | | | Canopy Growth (NASDAQ:CGC) stock is up 67% since the start of the year. And the stock continues to move higher with the cannabis company scheduled to deliver its third-quarter earnings on February 9, 2021. Read the Full Story |
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Stocks | | |
The S&P Small Cap 600 index is already up 10.7% this year compared to a 3.1% return for the large cap S&P 500. This disparity is partly due to the fact that Gamestop is a member of the S&P 600—and despite its recent plunge is still up 200% year-to-date.
But there have been some ... Read the Full Story |
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Tech | | | The latest news on Super Bowl commercials. (All times EST.)
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10 p.m.
Smartphone-based stock market investment service Robinhood bought its Super Bowl spot in December after a successful year, unaware that it was about to make global headlines.
... Read the Full Story |
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Tech | | | Japanese telecommunications and technology conglomerate Softbank Group Corp. is reporting a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
He gives a speech and the markets soar…
Now, a new Trump executive order is set to set off a wave worth a potential $194 trillion in the markets.
And Wall Street insider Larry Benedict says it could hand investors who missed out on Trump’s first term a second chance. | | | Click here to discover this exciting new trading pattern. |
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Stocks | | | There is a rising tide of demand lifting the entire trucking industry and Saia is no different. What makes Saia (NASDAQ:SAIA) different from competitors like J.B. Hunt (NASDAQ:JBHT), Old Dominion (NASDAQ:ODFL), and even Schneider International (NYSE:SNDR) is its focus. Read the Full Story |
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Markets | | | During this year's Super Bowl, the Tampa Bay Buccaneers reigned supreme on the field. During advertising's biggest night, there were hits and misses as well. Overall, this year's crop of Super Bowl ads focused on light humor that strove to entertain and connect. But that made the few ads that took a... Read the Full Story |
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Politics | | | BEIJING — China appears to have stamped out its latest coronavirus outbreaks centered on the northeast, reporting no new cases of local infection in its latest daily report.
The National Health Commission said Monday that 14 newly confirmed cases had been brought from outside the cou... Read the Full Story |
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Politics | | | South Korea’s daily tally of newly confirmed coronavirus cases has fallen below 300 for the first time in more than two months as authorities slightly ease tough physical distancing rules in the country Read the Full Story |
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Markets | | |
While there's no doubt that stocks like Hershey's (NYSE:HSY) have a certain resistance to market forces to them—somewhere, someone wants chocolate and they want it right now—there's also a point to be made where Hershey's can take advantage of some market points to drive itself forward... Read the Full Story |
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The Early Bird Stock Of The Day Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington. | | View Today's Stock Pick |
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