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.
Featured: Could you be taking a crack at getting some cash while the stock market is closed? (Ad) 
|
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 |
|
From Our Partners | | “This land I will give to you…” — a 4,000-year-old line from Genesis may hold the key to unlocking a $150 trillion vault of untapped American wealth.
Former CIA advisor Jim Rickards calls it the “Old Testament Wealth Code” — and says it could transform your financial future. He’s revealing everything in a new presentation. | | Watch Jim Rickards reveal the Old Testament Wealth Code |
|
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 |
|
Markets | | |
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 |
|
From Our Partners | | Good News for Stocks
50-year Wall Street veteran, Marc Chaikin is stepping forward to share why history gives him 90% historical confidence that stocks will end 2025 up. However, he also has bad news: the same data also tells him the REAL market crash will likely arrive in 2026. | | Click here to see the month and day he estimates it will begin |
|
Markets | | |
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 |
|
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 |
|
From Our Partners | | Since 1973, Wall Street has quietly used a strange little pricing quirk to cash flow billions.
Now, for the first time, regular investors are learning how to use this same “Black-Scholes Anomaly” — with just four clicks a month. No risky bets, no complex setups… just a fast, repeatable system that targets instant cash on the 3rd Monday of every month. | | But that's not even the best part, which is all it takes is... Just four clicks. |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
The Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
|
