Good MorningThe markets got off to a solid start on Thursday with most major indexes up nearly a full percent at the high of the day. Better than expected earnings from Whirlpool, Tractor Supply Company, and AT&T helped lift sentiment as did a better-than-expected jobless claims report. The number of new jobless claims fell unexpectedly to a new low as hiring activity ramps up. The good news was spoiled, however, later in the day when President Biden announced a new tax plan.
In his new plan, President Biden will tax capital gains on wealthy individuals to nearly 40% in fulfillment of a campaign pledge. The news caused the markets to about-face and shed nearly 1.0% by the end of the session. If the market can’t shrug off this new development a much deeper correction could be in store. The risk now is that stock selling will accelerate on Friday and leave the index below its most recent support.
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Markets | | | Speaking of slow crawlers, bringing up the rear are Nike, Merck, and Procter & Gamble. But as we know, the Dow derby is a marathon rather than a sprint, so the laggards could very well turn into leaders after the second-half kickoff.
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From Our Partners | | Before trading any stock…
It’s important to know not just what the headlines say, but what the historical data reveals.
Right now, Tesla is making waves again—Elon Musk is in the news with his work at DOGE and Tesla’s ambitious new projects.
But here’s the thing…
No matter how many headlines or flashy tweets, the seasonal patterns in the market still matter!
For example: Our data shows that October 22nd to October 29th are the BEST days to buy Tesla.
With these Hotsheets, in one look you’d know the specific dates Tesla and dozens of other top stocks typically go up—and when they tend to drop. | | Get your FREE Stock Hotsheets today—just cover shipping and start trading smarter. |
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Markets | | | Buying the actual commodity is one way to go about gaining gold exposure, but gold miner stocks are also a smart option because you get to own actual companies with growth opportunities and dividends. Let’s take a look at 3 gold stocks that could regain their luster soon.
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Markets | | | Global stock markets were mixed Friday after Wall Street fell following a report President Joe Biden will propose raising taxes on the wealthiest investors.
London and Frankfurt opened lower. Tokyo declined while Shanghai and Hong Kong advanced.
Wall Street futures were... Read the Full Story |
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From Our Partners | | Gold just broke through $3,300…
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Tech | | | One proven strategy for grabbing a stock at the beginning of a run-up is by tracking its bases. Align Technology (NASDAQ: ALGN), HubSpot (NYSE: HUBS) and Trex (NYSE: TREX) are setting up in healthy areas of price consolidation, which may set the stage for fresh run-ups. Read the Full Story |
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Markets | | | Stocks ended lower on Wall Street Thursday after dropping in afternoon trading on a report that President Biden will propose a hefty tax increase on the gains wealthy individuals reap from investments Read the Full Story |
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From Our Partners | | ELON vs. TRUMP: The Final Showdown
Elon just blasted the new “Big, Beautiful Bill,” calling it “a disgusting abomination,” and hinted at forming a new political party. Trump responded by branding Elon a “train wreck.” But the real story? Elon’s final move in DC, which could trigger a historic shakeup. It’s something that could not only change government, but create massive wealth for those who act quickly. This could all unfold by July 22 at the latest. | | Click here now to see the urgent financial play hiding beneath the headlines. |
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Markets | | | Are you familiar with the term “alternative asset manager” and the company Blackstone Group (NYSE:BX)? An alternative asset manager invests in things that average investors typically don’t have access to. Read the Full Story |
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Markets | | | With a strong push from taxpayers, Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, and airlines executives say that the industry is on course to recover from a financial crisis caused by the pandemic.
Southwest Chairman and CEO Gary Ke... Read the Full Story |
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Politics | | | Noah Thomas saw his name in lights, and then the lights went out.
The young actor was still in drama school when he was cast to play the lead role in the London West End musical “Everybody’s Talking About Jamie.” Thomas made his professional debut in early 2020. Weeks later, as the co... Read the Full Story |
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Markets | | | Sales of previously occupied U.S. homes fell in March for the second straight month as buyers grappled with a stubbornly low inventory of available properties and fierce competition pushed prices to new highs Read the Full Story |
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Markets | | | The world’s largest airport duty-free retailer Dufry AG (OTCMKTS: DUFRY) stock has been recovering from the resurgence in airline travel stemming from the vaccine rollouts driving further re-openings. Read the Full Story |
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The Early Bird Stock Of The Day Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services. The Energy Transition Materials segment produces and extracts nickel used to produce stainless steel, electric vehicles, and metal alloys; and its by-products, such as gold, silver, cobalt, precious metals, platinum, and others, as well as copper used in the construction sector to produce pipes and electrical wires. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil. | | View Today's Stock Pick |
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