Good MorningThe stock markets went on a wild ride on Friday to close out a down week for the broad indices. The move was sparked by a much-better-than-expected non-farm-payrolls number that at once spooked and inspired the market. The figure, 379,000, is more than double the consensus expectations and points to a strong economic recovery in 2021. While great news for the economy, the news also solidifies fears of rising inflation and casts a shadow on the outlook.
The S&P 500 was down more than 1% at the low of the day but closed well off of that level. The intraday low put the market briefly in official correction territory before a more-bullish attitude took over the market. By the end of the day, the market had recovered the losses and more but is still not out of the woods. If the broad market S&P 500 can’t reclaim the upper side of the 30-day moving average deeper losses could be in store.
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Politics | | | Oil prices pressed higher Monday after strikes on major oil facilities in Saudi Arabia, the world’s largest oil exporter, shook energy markets already rattled by a decision by oil producers last week to not lift output.
Brent crude, the international standard, surpassed $70 per barre... Read the Full Story |
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Tech | | | Asian shares were mostly lower Monday despite hopes for a gradual global recovery after the U.S. stimulus package passed the Senate over the weekend.
Heavy selling of shares in technology companies helped drag benchmarks lower in Japan and South Korea after early gains. The Shanghai ... Read the Full Story |
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Tech | | | Global shares were mixed Monday after the passage of the $1.9 billion U.S. stimulus package passed the Senate over the weekend, adding to hopes for a faster recovery from the pandemic.
France's CAC 40 edged up 0.4% to 5,804.67 in early trading, while Germany's DAX added 0.5% to 13,99... Read the Full Story |
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Tech | | | Asian shares were mostly lower Monday despite hopes for a gradual global recovery after the U.S. stimulus package passed the Senate over the weekend.
Heavy selling of shares in technology companies helped drag benchmarks lower in Japan and South Korea after early gains. The Shanghai ... Read the Full Story |
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Politics | | | WELLINGTON, New Zealand — New Zealand says it will now use only the Pfizer vaccine to inoculate its population against the coronavirus, departing from earlier plans to use four different vaccines.
Prime Minister Jacinda Ardern announced the strategy Monday, saying the decision was bas... Read the Full Story |
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Markets | | |
The Children’s Place (NASDAQ:PLCE) is off to a great start in 2021. After spending most of 2020, meandering at or below pre-pandemic levels, PLCE stock is surging nearly 59% so far this year. And the stock continues to rise on expectation of its March 9 earnings report.
If the whisper numbe... Read the Full Story |
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Markets | | | For a company that was hitting all-time highs less than two months ago, Qualcomm (NASDAQ: QCOM) has had to watch their shares take a fast escalator down recently. But it’s a testament to the stock’s extraordinary performance in 2020 that even with a 25% drop, shares are only back trading... Read the Full Story |
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Markets | | | Big Lots (NYSE:BIG) continues to impress us with its resilience in the face of the pandemic. The resilience can be fully attributed to Operation North Star, a nationwide rationalization of business that set it up nicely for the pandemic. Read the Full Story |
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Markets | | | Sporting goods names like Hibbett Sports, Inc (NASDAQ:HIBB) have been on fire for the last year. The wave of stay-at-home, play-at-home sentiment and socially distanced activity was a game-changer for more names than one. Read the Full Story |
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Markets | | | It's entirely possible that you may never have heard of V.F. Corporation (NYSE:VFC) before, but it's a much safer bet you've heard of its brands. The company behind a range of fashion brands from Timberland to Supreme to The North Face Read the Full Story |
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The Early Bird Stock Of The Day ADT Inc. provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems. It primarily offers security designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal medical emergencies, such as injuries or unanticipated falls. The company also provides automation and smart home solutions that allow customers to use their smart phones, smart phone application, or touchscreen panels in their homes to arm and disarm their security systems; record and view real-time video; and creates customized and automated schedules for connected devices; programs systems to react to defined events; integrates system with third-party connected devices, such as cameras, lights, thermostats, appliances, and garage doors, as well as offers monitoring and maintenance services. In addition, the company offers energy storage solutions, energy efficiency upgrades, and roofing services. It offers its products under the ADT, ADT Pulse, ADT+, and ADT Commercial brand names. The company was formerly known as Prime Security Services Parent, Inc. and changed its name to ADT Inc. in September 2017. ADT Inc. was founded in 1874 and is headquartered in Boca Raton, Florida. | | View Today's Stock Pick |
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