Good MorningThe stock market got a major boost on Thursday when President Joe Biden signed another round of economic stimulus into law. The bill includes $1400 checks for most Americans and the White House says the first ones will go out this weekend. The S&P 500 gained more than 1.25% on the news but the tech-heavy NASDAQ Composite was the biggest winner for the day.
In economic news, the number of long-term unemployed remains persistently high near 20 million while the number of new jobless claims continues to decline. The number of new claims fell to 712,000 over the last week, the lowest level since the spring of 2020, even while the number of job openings hits a new high. The JOLTs report shows 6.9 million job openings in the U.S., up 100,000 from last month and 200,000 better than expected.
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Politics | | | World shares were mixed Friday after broad gains lifted several major indexes to all-time highs on Wall Street as the U.S. stimulus package finally became law.
Shares fell in Paris and Frankfurt but rose in Tokyo and Shanghai. Oil prices fell and the yield on the U.S. 10-year Treasur... Read the Full Story |
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Markets | | | Stocks were mixed in Asia on Friday after broad gains lifted several major indexes to all-time highs on Wall Street.
Tokyo’s benchmark rose 1.7%. Hong Kong declined but the Shanghai Composite index recovered from early losses. Oil prices fell and the yield on the U.S. 10-year Treasur... Read the Full Story |
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The steel industry is certainly one to watch this year thanks to the possibility of huge amounts of infrastructure spending and a widespread rebound in economic activity. While steel stocks were big underperformers for the majority of 2020 thanks to the pandemic, things have changed quickly regard... Read the Full Story |
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Over the past year, the disparity in index sector weightings has widened. In the S&P 500 for instance, technology now accounts for over one quarter of the benchmark while four sectors (energy, materials, utilities, and real estate) each have less than a 3% weighting.
Materials stocks are one ... Read the Full Story |
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Politics | | | Japanese transportation minister Kazuyoshi Akaba says Japan will tighten border controls and limit the number of entrants to up to 2,000 per day for the time to guard against the more contagious variants of the coronavirus as fears of spreading new coronavirus variants in the country Read the Full Story |
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Politics | | | In a prime-time address, President Joe Biden has outlined his plan to make all adult Americans eligible for vaccination by May 1 — and he raised the prospect of gaining what he called “independence from this virus” by the Fourth of July Read the Full Story |
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Politics | | | The United Nations chief is criticizing the “many examples of vaccine nationalism and vaccine hoarding” as well as side deals with COVID-19 vaccine manufacturers that undermine access to all people in the world Read the Full Story |
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Markets | | | School bus manufacturer Blue Bird Corporation (NASDAQ: BLBD) stock has weathered the recent sell-off in the electric vehicle (EV) sector. They are recovering from the pandemic effects from school closings Read the Full Story |
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Markets | | | Home fitness equipment maker Nautilus (NYSE: NLS) shares were a pandemic winner as stay-at-home restrictions and gym closures bolstered the demand for in-home gym and workout equipment. As the Covid-19 vaccinationsaccelerate, the reopening of gyms and loosening of capacity restrictions will naturall... Read the Full Story |
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Markets | | | A Pull Back In Crypto But Not In Defi
With the total value of the defi market trending below the recently set high a question has arisen. Is the defi market cooling off? Based on our analysis, the answer is a resounding no, and here is why. Although the total dollar value locked into defi the total... Read the Full Story |
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The Early Bird Stock Of The Day Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; foreign exchange and commodities; corporate and commercial real estate loans, commercial mortgage and secured lending facilities, and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage, custody, administrative, and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals through institutional and intermediary channels. The company was founded in 1924 and is headquartered in New York, New York. | | View Today's Stock Pick |
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