3 Large-Caps Approaching Technical Buy Points . World shares, US futures advance ahead of US GDP report. Is the Rally Ready to Begin for BioMarin Pharmaceutical? .
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The Early Bird Newsletter

Thursday, April 29th

S and P pricesDow pricesQQQ prices
Good Morning

The market was largely unmoved by the FOMC on Wednesday after the committee delivered a message that was little more than expected. The FOMC made note of the COVID-vaccines and their impact on the recovery. The committee also noted that labor markets were strengthening although there was still weakness in some areas of the economy. In regards to inflation, committee chairman Jerome Powell says the recent increases in prices are likely to continue although inflation will be transitory.

The after-hours action was a little different. Reports from Facebook, Ford, Ebay, and Apple grabbed the market’s attention and had shares moving. Reports were equally strong and point to an accelerating economic rebound but not all shares moved in the same direction. Action on Thursday could be more of the same sluggish sideways movement as the market digests the latest round of news.
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Stocks

3 Large-Caps Approaching Technical Buy Points

Large-cap stocks Rio Tinto (NYSE: RIO), Goldman Sachs (NYSE: GS) and PayPal (NASDAQ: PYPL) are all forming potentially constructive price consolidations, and may be nearing buy points.  The old advice to “buy low and sell high” applies to stocks that are consolidating.  But t...

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From Our Partners

Biden Set To Trigger Major Devaluation of the U.S. Dollar

The U.S. dollar is in free fall and many analysts are predicting the crash will continue under President Biden. Banks across the country are already preparing.

The agency that regulates all banks in the U.S. issued this new rule that will change everything.

If you have money in the bank…
Politics

World shares, US futures advance ahead of US GDP report

World shares advanced Thursday ahead of the release of U.S. economic growth data and following a speech by President Joe Biden outlining ambitious plans for beefing up early education and other family oriented policies. London's FTSE 100 jumped 0.7% to 7,013.40. In Paris, the CAC40 c...

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Markets

Is the Rally Ready to Begin for BioMarin Pharmaceutical?

BMRN stock is consolidating on light volume prior to earnings.  The company is projected to report earnings and revenue that are lower on a year-over-year basis. With a potential upside of over 46%, that could make BioMarin an attractive buying option.

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From Our Partners

The #1 Tech Stock Right Now

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Markets

Can Philip Morris International Keep Rolling?

Philip Morris International (NYSE: PM) broke out of a two-year base in February, and the tobacco giant’s shares have shown no signs of slowing down. In the two-and-a-half months since the breakout, PM shares have moved around 10% higher.

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Markets

Why Shopify (NYSE:SHOP) Stock Belongs on Your Shopping List

One of the biggest pandemic winners last year was Shopify (NYSE:SHOP), a company that offers a software platform for retailers that helps them set up their stores online. The stock rallied over 179% in 2020 thanks to broad shifts in the retail landscape and unprecedented demand for e-commerce. Many ...

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From Our Partners

The Next Big Winner in Heat-to-Eat Delivery

In partnership with TV celebrity chef Cat Cora, HBIS is an at-home dining start up that is firing on all cylinders to capitalize on the growing demand for prepared, heat-to-eat delivery meals.

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Politics

The Latest: Africa CDC chief watches India surge with alarm

NAIROBI, Kenya — Africa’s top public health official says the continent is “watching with total disbelief” what is happening in India as it struggles with a devastating resurgence in COVID-19 cases. Africa Centers for Disease Control and Prevention Director John Nkengasong warned tha...

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Markets

5 Digital Marketing Trends For Your Business In 2021

In the 21st century, technology has revolutionized our lives and is undergoing a process of continual development and acceleration. The landscape of the Internet, in particular, is constantly evolving and changing. For your business to continue to experience growth and expansion, ...

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Politics

Top court: Germany must set clear post-2030 climate goals

Germany’s top court has ruled that the government has to set clear goals for reducing greenhouse gas emissions after 2030, arguing that current legislation doesn’t go far enough in curbing climate change

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Politics

China says population grew in 2020 after report of decline

China’s population grew last year, the government said Thursday, following a report that a census might have found a surprise decline, possibly adding to downward pressure on economic growth. The National Bureau of Statistics gave no details in its one-sentence statement and said the ...

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Markets

Yum! Brands Stock is Looking Yummy

A year removed from its historic plunge into the $50's, fast-food restaurant operator Yum! Brands (NYSE:YUM) is approaching its record intraday high of $119.72 set back in August 2018. The remarkable turnaround is a credit to the company's ability to adapt to the pandemic economy along with marke...

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The Early Bird Stock Of The Day

CarMax, Inc.

CarMax, Inc.

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2021, it operated approximately 220 used car stores and 1 new car franchises. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.

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