Good MorningEquity traders got some reassurance from the Fed on Wednesday but not enough to spur a large move. The minutes from the last FOMC meeting indicate the committee is not eager to raise interest rates stating it would be “some time” before the first hike would come. The NASDAQ led the market but only gained 0.25% at the high of the day. The S&P 500 and Dow Jones Industrial Average both hovered near break-even and closed virtually unchanged for the day.
Action on Thursday could be different. Fed Chief Jerome Powell is scheduled for a speech on the state of the global economy and could give the market an additional boost. With global GDP estimates on the rise and recent labor data pointing to a solid reopening positive commentary from the FOMC Chairman could usher in another market rally with the earnings season right around the corner. Earnings growth in the Q1 period is expected to be strong and the estimates are on the rise.
Featured: 5 KEY REASONS to Consider Allied Corp. (OTCQB: ALID)... (IDR Marketing, Inc) 
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Markets | | | Media behemoth ViacomCBS (NASDAQ: VIAC) stock had a meteoric rise and violent collapse on the heels of the Archegos forced liquidation margin call selling. Shares collapsed nearly (-60%) in four trading days accelerated by the forced liquidation of nearly $20 billion in VIAC shares. Skeptical invest... Read the Full Story |
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From Our PartnersBy May 28th, Americans could be faced with a difficult choice: Accept a "Great Reset" and risk losing the American way of life... or stand up and fight back to save what's left of the American dream. Jeff Brown, a member of a D.C.-based advocacy group, explains what every American must do before May 28th to preserve his assets and thrive. | | | | Click here to see this emergency briefing before i |
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Markets | | | Shares were mostly higher in Asia on Thursday after a mixed close on Wall Street, where gains for several Big Tech stocks nudged the S&P 500 to a second record high in three days.
Tokyo’s Nikkei 225 index slipped 0.4% to 29,610.20 as a resurgence in coronavirus cases undermined c... Read the Full Story |
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Markets | | | News and Sports media company Fox Corporation (NASDAQ: FOXA) stock has sold off in sympathy with the fallout in ViacomCBS (NYSE: VIAC) shares. While Fox shares may have also risen in sympathy with ViacomCBS, the sell-off may have been unwarranted unless the industry is repricing itself. In addition ... Read the Full Story |
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From Our PartnersThe Awakening is starting right now. Find out why PayPal just joined the wealth-creating tsunami that is about to surge through the economy in 2021. The last time such a major market event happened, it minted 18,000 new millionaires. | | Here's the story. |
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Markets | | | Shares were mostly higher in Asia on Thursday though Tokyo’s benchmark declined as reports of rising coronavirus cases raised alarm over another setback in the recovery from the pandemic.
Tokyo reported 545 new cases and Osaka's government declared a medical emergency as the latest su... Read the Full Story |
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Politics | | | BEIJING — Chinese officials say 11 more people have been diagnosed with COVID-19 in a southwestern city bordering Myanmar that is the scene of China’s current sole active outbreak.
Cases in the Yunnan province city of Ruili have topped 100, including those not showing symptoms.
... Read the Full Story |
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Politics | | | SEOUL, South Korea — South Korea has reported 700 more cases of the coronavirus as the speed of viral spread approaches levels seen during the worst of the country’s outbreak in winter.
The numbers released by the Korea Disease Control and Prevention Agency on Thursday brought the na... Read the Full Story |
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Politics | | | SAN JUAN, Puerto Rico — Puerto Rico’s governor says officials will start vaccinating all those 16 years and older beginning Monday, prompting celebrations across a U.S. territory facing a spike in coronavirus cases.
Currently, only people 50 years and older as well as anyone 35 to 49... Read the Full Story |
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Markets | | | A little over a year ago Simply Good Foods (NASDAQ: SMPL) was among the least appetizing packaged food stocks. The onset of the pandemic translated to low demand for on-the-go nutrition as gyms closed and people worked from home. Read the Full Story |
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Markets | | | Lamb Weston (NYSE: LW) is among the very few consumer staples companies that have not had a fantastic post-COVID experience. The company, hampered by its exposure to restaurants and hospitality, saw its revenue drop sharply in the fiscal Q4 period of 2020 Read the Full Story |
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Markets | | | With the global AI market expected to reach $267 billion by the year 2027, there’s plenty of reasons to consider investing in companies with exposure to the technology. Let’s take a look at 3 stocks to consider buying if you want exposure to the AI revolution. Read the Full Story |
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The Early Bird Stock Of The Day SenesTech, Inc. develops a technology for managing animal pest populations through fertility control. It offers ContraPest, a liquid bait that limits reproduction of male and female rats. The company was incorporated in 2004 and is headquartered in Phoenix, Arizona. | | View Today's Stock Pick |
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