Good MorningThe S&P 500 had its worst day in weeks on Tuesday as the market gears up for the peak of earnings season. So far, the average S&P 500 company has beaten its consensus estimate for earnings growth but by a smaller margin than in past quarters. This situation is leading the market to reprice and that isn’t being helped by the inflation picture. The theme of the season so far is rising commodity prices and the upward impact on prices for consumer goods
Wednesday’s action may be more of the same. There are a few key earnings reports including one from Verizon. The mobile communication company is expected to report before the bell and could drag the market lower. Later this week reports from Chipotle Mexican Grill and Whirlpool may move the market and there is some economic data on tap. The Index of Leading Indicators is due out on Thursday and a key read on Manufacturing is due on Friday.
Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
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Markets | | | News catalysts are often behind big stock price moves, and that’s certainly been true for companies like Moderna (NASDAQ: MRNA), Regeneron Pharmaceuticals (NASDAQ: REGN) and Novavax (NASDAQ: NVAX), which make coronavirus vaccines and treatments.
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Politics | | | A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway.
The bid trumps a $25 billion cash-and-stock proposal made by Canadian Pacific last month.
Any deal would capitalize on g... Read the Full Story |
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Tech | | | Shares skidded in Asia on Wednesday after Wall Street closed lower for a second straight day, led by drops in technology companies and banks.
Worsening coronavirus outbreaks in Asia have cast a shadow over prospects for a rebound from the pandemic. Tokyo’s Nikkei 225 fell more than 2%... Read the Full Story |
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Tech | | | Shares skidded in Asia on Wednesday after Wall Street closed lower for a second straight day, led by drops in technology companies and banks.
Worsening coronavirus outbreaks in Asia have cast a shadow over prospects for a rebound from the pandemic. Tokyo’s Nikkei 225 fell more than 2%... Read the Full Story |
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Tech | | | Chinese food delivery giant Meituan raised nearly $10 billion in a sale of convertible bonds and additional shares and plans to invest those funds in developing and expanding delivery technologies.
The Beijing-based firm, China’s largest food delivery platform, said in a filing to the... Read the Full Story |
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Markets | | |
Steel Dynamics (NASDAQ:STLD) stock is up 38% this year and trading at a record high. There may be plenty more where that came from.
One of the country's leading steel producers, Steel Dynamics stands to benefit from favorable supply and demand dynamics that have sent steel prices to record levels... Read the Full Story |
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Markets | | |
Churchill Downs (NASDAQ:CHDN) will report first-quarter 2021 earnings on April 21 after the market closes. The company that is most known for its iconic horse racing event and facility, has become a significant player in the online and on-site gaming sectors. The company continues to have aggressi... Read the Full Story |
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Markets | | | Toshiba Corp. on Tuesday brushed off a fresh missive from CVC Capital Partners about the global fund’s proposal to acquire the Japanese manufacturer, though it stopped short of outright rejecting it.
Toshiba said that a letter from CVC that it received Monday was “not possible to eva... Read the Full Story |
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Markets | | | Long-term care and mortgage Insurer Genworth Financial (NYSE: GNW) stock has been trapped in a tight trading range for the past four years under the proposed $5.43 acquisition deal by China Oceanwide (COW). Read the Full Story |
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Markets | | | Dividend Growth Is The Key To Dividend-Growth Investing
There are companies that are growing, growing companies that pay dividends, and growing companies that pay dividends with a high expectation of increasing their dividend every year. Of those, we prefer the third group although each has s... Read the Full Story |
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The Early Bird Stock Of The Day Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices. Its audio technologies also include DD, a digital audio coding technology that provides multichannel sound to applications; DD+, a digital audio coding technology that offers audio transmission for a range of media applications and devices; Dolby TrueHD, a digital audio coding technology providing encoding for media application; Dolby Vision, an imaging technology for cinema and media devices; and HEVC, a digital video codec with high bandwidth efficiency for media devices. In addition, the company offers digital cinema servers, cinema processors, amplifiers, loudspeakers, and audio and imaging hardware and software products for the cinema, television, broadcast, communication, and entertainment industries. Further, it provides 3-D glasses and kits; and various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment. The company serves film studios, content creators, post-production facilities, cinema operators, broadcasters, and video game designers. It sells its products directly to the end users, as well as through dealers and distributors worldwide. Dolby Laboratories, Inc. was founded in 1965 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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