Good MorningThe sell-off in equities deepened on Thursday after comments from Fed Chairman Jerome Powell spooked the market. According to Powell, there is every to think job creation will pick up and that inflation may spike in the early stages of the reopening. The broad market S&P 500 shed more than 2.0% in the wake of the news but was able to pull back and close above the low of the day. The tech-heavy NASDAQ Composite also fell more than 2.0% before it too bounced off the day's low. The Blue Chip Dow Jones Industrial Average suffered much smaller losses.
The real test for the markets may come on Friday. The February non-farm-payrolls report could be a shocker and get the market really moving. The consensus estimate is a relatively-strong 210,000 new jobs, if the number is significantly above that it will reinforce the fear of inflation and rising interest rates.
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Stocks | | | Investors should be focused on only the best names to avoid getting caught up in dreaded “value traps”. That’s why we’ve put together a list of 3 value stocks to keep in focus as the rotation in the market continues. Read the Full Story |
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Tech | | | World shares and U.S. futures fell Friday after surging U.S. bond yields renewed selling pressure on high-flying technology companies.
European shares opened lower, with the DAX in Germany down 0.8% at 13,938.31. Britain's FTSE shed 0.9% to 6,592.69. The CAC 40 in Paris lost 1% to 5,... Read the Full Story |
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Markets | | |
Kroger (NYSE:KR) stock is trading at nearly all-time high levels. And that’s interesting considering that the outlook for the grocery industry is waning. Kroger operates in a low-margin business. But the grocery chain was a pandemic winner as consumers looked to stock their pantries and free... Read the Full Story |
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From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
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Markets | | | The market appears to be in re-calibration mode these days. Rising bond yields, mixed economic data, and ongoing pandemic uncertainty have been reasons to pause and evaluate where the market goes from here. Read the Full Story |
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Politics | | | The Senate is beginning debate on a $1.9 trillion COVID-19 relief bill, after Democrats made eleventh-hour changes aimed at ensuring they could pull President Joe Biden’s top legislative priority through the precariously divided chamber.
Democrats were hoping for Senate approval of th... Read the Full Story |
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Politics | | | SAN DIEGO -- The San Diego Zoo has vaccinated nine great apes for the coronavirus after a troop of gorillas in its Safari Park became infected.
Officials say four orangutans and five bonobos received COVID-19 injections in January and February.
Three bonobos and a gor... Read the Full Story |
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Politics | | | Gov. Larry Hogan has released further plans to distribute COVID-19 vaccines more equitably to underserved parts of Maryland, after leaders of the state’s largest Black populations criticized major disparities in the rollout of vaccinations to minorities Read the Full Story |
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Markets | | | Your eyes won’t be playing tricks on you Friday night when a fleet of trucks at Las Vegas Motor Speedway all look exactly the same.
The distinct blue and yellow Camping World logo could be on as many as a dozen trucks as company CEO Marcus Lemonis has taken charge of the sponsorship w... Read the Full Story |
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Markets | | | Uranium producer Cameco Corporation (NYSE: CCJ) stock has been breaking out through multi-year highs on the renewed interest in clean energy spurring uranium demand. Uranium is used to fuel nuclear power plants that provide 20% of the electricity and up to 55% of all clean energy in the U.S Read the Full Story |
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Markets | | | With the focus turning from growth to value we felt it time (once again) to highlight a couple of the undervalued gems that we favor. Because the consumer is also so much in focus, and because COVID-related trends are still very much in force, Read the Full Story |
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The Early Bird Stock Of The Day Aspen Technology, Inc. provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management. The company serves a range of asset-intensive industries, including oil and gas exploration and production; oil and gas processing and distribution; and oil and gas refining and marketing, as well as bulk and specialty chemicals, engineering and construction, power and utilities, metals and mining, and pharmaceuticals. Aspen Technology, Inc. was founded in 1981 and is headquartered in Bedford, Massachusetts. Aspen Technology, Inc. operates as a subsidiary of Emerson Electric Co. | | View Today's Stock Pick |
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