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.
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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 Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Consumer Staples | |
Lamb Weston And The French Fry Indicator
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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Consumer Staples | |
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.
Since then, Simply Good Foods has simply gone about its business of ... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Markets | | Take a moment to consider all of the different applications for artificial intelligence technology in the business world. The practical applications are seemingly endless, which is why investing in companies that are involved in developing and leveraging artificial intelligence technology could be a... Read the Full Story |
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Communication Services | | 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 Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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Consumer Staples | |
Constellation's Q4 Results Offset By Weak Guidance
Constellation Brands (NYSE: STZ) shares are down 5.0% in early action after posting a better-than-expected quarter. The catch is that results are better than the broad consensus of analysts, a consensus that has trailed reality as it has with so... Read the Full Story |
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Industrials | |
Down but not out. That was the story of the major airlines for much of 2020 after they took the mother of all batterings in the face of the COVID pandemic. But since bottoming out around the start of last summer, the story has been one of recovery and potential. As the global vaccine rollout conti... Read the Full Story |
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Consumer Staples | |
Conagra Brands Faces Tough Comps In Q4
Shares of Conagra Brands (NYSE: CAG) are holding steady in pre-market action following the release of FQ3/CQ1 results. The company reports a solid quarter and gave updated guidance that takes a certain point of view to fully appreciate. The guidance is call... Read the Full Story |
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Technology | | Semiconductor manufacturers such as Amkor Technology (NASDAQ: AMKR), ON Semiconductor (NASDAQ: ON) and United Microelectronics (NYSE: UMC) are benefiting from strong demand for electronics gear, combined with a global chip shortage.
According to the Semiconductor Industry Association, chip sales gr... Read the Full Story |
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Finance | |
Charles Schwab (NYSE: SCHW) is set to report its fiscal first-quarter earnings a week from today, and every indication is pointing to outstanding numbers for the discount brokerage.
Schwab has come a long way over the last ten months.
Shares languished last summer as low-interest rates squeezed ... 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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