Good MorningEquity markets extended recent gains and set new all-time highs on Wednesday following the release of President Biden’s infrastructure spending plans. The plans, worth upwards of $2 trillion, includes a hefty tax increase that is expected to fully fund the deal within 15 years. Wall Street cheered the news despite the thought of higher taxes but the reality may turn into a sell-the-news event.
In other news, the economic data this week has been strong and points to a robust NFP report on Friday. On Wednesday, the ADP Employment report showed the number of new jobs increased by over 500,000 in March and was compounded by an equally strong read on Chicago PMI. The Chicago PMI increased by 7 points to outpace consensus by 6 points and rise to its highest level since 2017.
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Markets | | | BlackBerry stock got caught up in the meme stock shenanigans and soared to a 10-year high. BB stock has come back to earth, and on the heels of a weak earnings report and with meaningful revenue from its recent contracts awhile away, it’s fair to wonder if BlackBerry has further to fall. Read the Full Story |
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Markets | | | The juice has gone out of EV stocks in 2021. But if you’re an investor that buys into the better mousetrap theory than Romeo Power looks like a stock that you can buy now and continue to add to your position as the company begins to live up to its potential. Read the Full Story |
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Markets | | | A closely watched economic survey by the Bank of Japan shows growing optimism as the world’s third-largest economy grapples with the damage from the coronavirus pandemic.
The quarterly “tankan” survey’s headline index for big manufacturers’ sentiment stood at plus 5 in March, a consi... Read the Full Story |
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Markets | | | Business sentiment is growing optimistic, a closely watched economic survey by the Bank of Japan showed Thursday, as the world’s third-largest economy continues to grapple with the damage from the coronavirus pandemic.
The “tankan” survey’s headline index for big manufacturers’ senti... Read the Full Story |
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Markets | | | Glass and optical technology products producer Corning (NYSE: GLW) stock has been on a tear reaching decade-long highs in March 2021. The Company is a post-pandemic beneficiary of the vaccine rollouts and the acceleration of re-openings. Corning’s Valor glass is used for COVID-19 vaccine vials... 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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Stocks | | |
Hydroponics supplier Hydrofarm Holdings (NASDAQ: HYFM) stock has been a rollercoaster since it public on Dec. 20, 2020. The nation’s largest and oldest independent wholesaler and manufacturer of hydroponics equipment and grow lights faces powerful tailwinds as the marijuana legalization wave... Read the Full Story |
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Tech | | | Major Taiwan computer chip maker Taiwan Semiconductor Manufacturing Co. says it plans to invest $100 billion in the next three years in expanding its manufacturing capacity and supporting research and development Read the Full Story |
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Politics | | | Some of Georgia's most prominent corporate leaders on Wednesday began to more forcefully criticize the state's sweeping new election law, acknowledging concerns of civil rights activists and Black business executives who say the measure targets non-white voters and threatens the democratic process.
... Read the Full Story |
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Politics | | | President Joe Biden says his proposal for an aggressive series of infrastructure investments would require $2.3 trillion in spending over eight years but could create millions of jobs. It would be funded by higher corporate taxes.
A closer look at where the money is going and where it... Read the Full Story |
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Markets | | |
Call Us Crazy But Bitcoin Will Probably Blow Past $70,000
As crazy as it may sound, especially when looking at Bitcoin’s (BTC) meteoric rise over the past year, but we think there is a very strong case for Bitcoin blowing past $60,000 and $70,000 on its way to hitting $80,000. At the core o... Read the Full Story |
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The Early Bird Stock Of The Day Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut. | | View Today's Stock Pick |
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