Good MorningEquities markets wobbled again on Thursday with the indices down in early trading and then regaining a bullish stance later in the day. The day’s news was topped by a press conference from President Joe Biden in which he confirmed plans to run for reelection and answered questions from reporters.
Elsewhere in the market, investors are keeping an eye on issues in the Suez Canal. A container ship has the canal blocked and it could be weeks before it’s freed. The blockage is holding up what could become trillions of dollars in global trade and stall what should be a very strong economic rebound this year.
On the economic front, initial jobless claims fell to the lowest level since the spring of 2020 as total unemployment begins to subside. The figures are positive for job creation making next week’s NFP more important than ever. An uptick in job creation could be what the market needs to get the bulls running again.
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Politics | | | Shares opened higher in Europe after gains in Asia on Friday driven by hopes for a strong recovery from the pandemic.
Paris, London and Tokyo advanced and U.S. futures also were higher. Investors appeared to be shrugging off a resurgence of coronavirus cases in many areas and focusin... Read the Full Story |
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Stocks | | | We’ve put together a list of 3 compelling industrial stocks that have been shrugging off the market weakness to help you recognize some of the companies with the most potential. Let’s take a deeper look below. Read the Full Story |
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Despite what was largely seen as a solid first earnings report after going public, shares of Golden Nugget Online Gaming (NASDAQ:GNOG) are down 14% in the last five trading days. As this seems to be a trend across the sports betting sector in general, there may be nothing to this story other than ... Read the Full Story |
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Digital advertising technology (AdTech) platform Pubmatic (NASDAQ: PUBM) stock had pulled back over 30% off it’s 2021 highs as shares undergo a repricing. The AdTech segment was a strong pandemic benefactor gaining from the amplified digital and cloud migration accelerated by COVID-19 restri... Read the Full Story |
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Markets | | | Tugboats and a specialized suction dredger worked Friday to dislodge a giant container ship that has been stuck sideways in Egypt's Suez Canal for the past three days, blocking a crucial waterway for global shipping.
The Ever Given, a Panama-flagged ship that carries cargo between As... Read the Full Story |
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Politics | | | The two huge Myanmar military-controlled conglomerates targeted by U.S. and UK sanctions following the army coup last month span a wide spectrum of businesses.
Human rights advocates applauded the decisions to target those companies and cut them off from dealings with banks and busine... Read the Full Story |
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Markets | | | Telehealth service Hims & Hers Health (NYSE: HIMS) stock experienced the typical haircut after completing its reverse merger with a special purpose acquisition company (SPAC) previously and symbol change. Read the Full Story |
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Politics | | | A fuel tank at an oil facility in Saudi Arabia caught fire after being struck in an attack by Yemen's Houthi rebels, officials said Friday, an attack that came on the sixth anniversary of the kingdom's entry into Yemen's yearslong civil war.
The assault at Jizan in southwest Saudi Ara... Read the Full Story |
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Politics | | | PARIS — France’s president says he has nothing to be sorry about for refusing to impose a third virus lockdown earlier this year, even as his country is now facing surging infections that are straining hospitals and more than 1,000 people with the virus are dying every week.
Emmanuel ... Read the Full Story |
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After a remarkable 881% return last year, GrowGeneration (NASDAQ:GRWG) has clearly arrived as one of the most intriguing cannabis plays. In a matter of months, the country's largest chain of hydroponic and organic garden outlets has gone from a virtual unknown to one of the hottest ways to invest ... Read the Full Story |
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The Early Bird Stock Of The Day Babcock & Wilcox Enterprises, Inc. engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions. The B&W Environmental segment focuses on systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control. The B&W Thermal segment offers steam generation equipment, aftermarket parts, construction, maintenance, and field services for plants in the power generation, oil and gas, and industrial sectors. The company was founded by George H. Babcock, Stephen Wilcox, Jr., and Joseph P. Manton in 1856 and is headquartered in Akron, OH. | | View Today's Stock Pick |
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