Good MorningThe S&P 500 moved up to set a new all-time high on Thursday gaining about a half percent by the end of the session. The market is getting a lift from growing optimism for earnings and the outlook for economic reopening. The gains were led by the tech sector and Apple which advanced nearly 2.0% to a 6-week high.
Action on Thursday was tempered by the economic data. The weekly unemployment insurance claims fell less than expected leaving the total number of unemployed largely unchanged from the previous week. The data is in contrast to the March NFP and JOLTs report which indicates robust hiring and job availability across the broad spectrum of employers. Next week, market action may take on a different tone with the onset of peak earnings season. The big banks are on tap and could send the S&P 500 to new highs.
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Stocks | | | Adding shares of the companies that make the market tick could end up being a fantastic decision, especially given the market’s continued strength. Let’s take a look at 3 capital markets stocks to buy now.
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Markets | | | It’s been only a month since the S&P 500's last 5% correction and 5 months since the last 10% correction but we think another is on the way. Not because of any underlying weakness in the market but because of frothiness Read the Full Story |
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Tech | | | Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities to act to cool inflation.
Japan’s benchmark Nikkei 225 index rebounded after falling the day before. Shares declined in Hong Kong, Shanghai, Sydney and ... Read the Full Story |
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Politics | | | The latest U.S. sanctions on Myanmar target an army-controlled gems business rife with corruption and abuses that is one of the junta’s key sources of revenue.
It’s unclear if the sanctions will do much to close the taps of income and royalties from gems sales. Some estimates say mor... Read the Full Story |
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Tech | | | As the U.S. economy awakens from its pandemic-induced slumber, a vital cog is in short supply: the computer chips that power our phones and wireless networks, cars and other vehicles, and a vast number of other items we take for granted Read the Full Story |
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Tech | | | Taiwan Semiconductor Manufacturing Co., the world’s biggest contract producer of processor chips, says its revenue rose 16.7% in the latest quarter over a year earlier as the global economy rebounded from the coronavirus pandemic and demand surged Read the Full Story |
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Politics | | | PHILIPPINE SEA — The U.S. 7th Fleet that operates throughout the Indo-Pacific says 96% of its personnel have been fully vaccinated against COVID-19.
The fleet said in a news release that more than 14,000 of its service members had received their full doses of the vaccine, which it be... Read the Full Story |
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Markets | | | Cement producer CEMEX (NYSE: CX) stock has been surging on the heels of the housing boom and further accelerated by the prospects of more demand fueled by the Biden infrastructure bill. The stock has been both a pandemic and re-opening play beneficiary. Read the Full Story |
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Markets | | |
Is Now The Time To Buy WD-40 Company?
Shares of WD-40 Company (NASDAQ: WDFC) are down 15% in the wake of the Q2 results opening up a deep discount into a post-pandemic, economic-reopening winner. The move is driven by sentiment and expectations, expectations that weren’t met, despite a grea... Read the Full Story |
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Markets | | | Given the astounding growth of cryptocurrencies like Bitcoin over the past year, it’s no wonder that the upcoming Coinbase (NASDAQ:COIN) IPO is one of the most anticipated market events of 2021. As the largest U.S. cryptocurrency exchange, Coinbase generates massive revenue from transaction fe... Read the Full Story |
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The Early Bird Stock Of The Day Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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