Good MorningThe Dow Jones Industrials and the S&P 500 rose to record highs and yields on longer-maturity U.S. debt fell from more than one-year highs after the Federal Reserve continued to project near-zero interest rates at least through 2023 despite rising inflation concerns. Earlier in the session, the benchmark rate jumped to 1.689%, hitting a level unseen since late January 2020. The Nasdaq turned positive as well after the Fed comments shaking off earlier losses.
Fed Chairman Jerome Powell reiterated that the central bank wants to see inflation moderately above 2% and said the recent move higher in yields wasn’t disorderly. The Fed also upgraded its outlook for unemployment and inflation in the U.S. over the next several years. The rally may continue into Thursday trading as futures contracts tied to the major U.S. stock indexes rose in the overnight session Wednesday evening.
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Markets | | |
A year ago, going out to eat at a restaurant was an activity met with serious concern. With so many question marks about the pandemic and widespread efforts to maintain social distance, many of these businesses were put through the wringer and saw sharp declines in sales. This led investors to tak... Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
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Markets | | | Both Dollar General and Ollie’s Bargain Outlet Holdings are trading significantly lower in the last month. But with neither stock getting a bump from earnings, it’s a reasonable question to wonder which of the stocks represents a better value in a post-pandemic world. Read the Full Story |
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Politics | | | Global stock markets rose Thursday and Wall Street futures were mixed after the U.S. Federal Reserve said its key interest rate would be kept near zero through 2023 even it forecast inflation picking up.
London and Frankfurt advanced in early trading while Shanghai, Tokyo and Hong Kon... Read the Full Story |
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Tech | | | Stock indexes are closing higher Wednesday after the Federal Reserve said it expects its key interest rate to remain near zero through 2023. The central bank’s commitment to keeping rates at rock bottom lows comes even as it forecasts the economy will accelerate this year. Wall Street has been anxio... Read the Full Story |
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Tech | | | Stock indexes picked up in afternoon trading Wednesday after the Federal Reserve issued a statement saying it expects to keep its key interest rate near zero through 2023.
The central bank's renewed commitment to keeping rates at rock bottom lows comes even as it forecasts the econom... Read the Full Story |
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Politics | | | Lebanon’s president called Wednesday on the prime minister-designate to form a government immediately or step aside as the country plunges deeper into economic crisis.
In turn, Prime Minister-designate Saad Hariri swiftly challenged President Michel Aoun to step down — a sign of a pr... Read the Full Story |
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Tech | | | For the second time this week, the U.S. government’s road safety agency is sending a team to investigate a Tesla crash in Michigan.
This time, the National Highway Traffic Safety Administration is sending a special crash investigation team because a Tesla using the company’s Autopilot... Read the Full Story |
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Markets | | |
Cintas Is The Best-In-Breed Play On Labor Market Strength
There are lots of ways to play the labor market but Cintas (NASDAQ: CTAS) is by far the best in the breed. The only problem with the stock is that is the best in the breed which means you pay a lot for what you get. The 35X ear... Read the Full Story |
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Markets | | | Consumer products maker Tupperware Brands (NYSE: TUP) stock was a pandemic winner in 2020, but shares have recently taken a beating in 2021. As COVID-19 vaccinations accelerate, the narrative is changing as money flows back into the value names and industries most hurt by the pandemic in anticipatio... Read the Full Story |
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Markets | | | Telehealth aggregator LifeMD (NASDAQ: LFMS) stock been pulling back from it’s $33.02 year-to-day (YTD) highs. The acceleration of Covid-19 vaccinations has caused selling in the telemedicine companies that were pandemic winners like Teladoc Health (NYSE: TDOC). Read the Full Story |
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The Early Bird Stock Of The Day Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and monitoring, security, automation, energy efficiency, and smart control through smartphone app. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, and integrated apps; personal video recorders; linear and time-shifted programming; digital specialty channels; and 4K television programming. Further, it provides residential and small business local telephony services; voicemail, call waiting, and long distance; voice, data networking, Internet protocol (IP), and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology and network technologies; cable access network services; telecommunications technical consulting services; and season games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Additionally, the company owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN television networks, as well as 52 AM and FM radio stations. It also offers Rogers and the Rogers World Elite Mastercard. The company was founded in 1960 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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