Good MorningEquity markets tried to shake off Monday’s malaise on Tuesday but weaker than expected housing data put a damper on sentiment. The April read of housing starts and building permits shows the number of housing starts declined nearly 10% with a notable 13% decline in single-family homes. The figures are a sign of the impact of rising lumber prices on the housing market in the face of rising demand and may not bounce back soon.
Wednesday markets will be focused on the FOMC minutes which are scheduled to be released at 2 PM. The minutes are not expected to show much change in terms of FOMC sentiment but may include talk about inflation. If the FOMC makes note of rising inflation it could be the straw that breaks this market’s back.
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Tech | | | Asian shares fell Wednesday, tracking a decline on Wall Street that was led by big technology stocks. The price of bitcoin plunged again after the China Banking Association warned of risks associated with digital currencies.
Japan's benchmark Nikkei 225 fell 1.6% in afternoon trading ... Read the Full Story |
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Markets | | | It’s still interesting to see what investing icons like Warren Buffett, Stanley Druckenmiller, and David Tepper were up to in the previous quarter. Let’s take a look at several notable stocks that hedge funds and institutional investors scooped up in Q1.
Read the Full Story |
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Markets | | | iBio remains a dark horse in the ongoing development of Covid-19 vaccines. But an intriguing new candidate and a resolution of intellectual property issues makes a long, albeit small position in IBIO stock justified for risk-tolerant investors. Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
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The "experts" said Elon was finished and Tesla was headed for bankruptcy.
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Tech | | | Global shares fell Wednesday, tracking a decline on Wall Street that was led by big technology stocks. The price of Bitcoin sank again after the China Banking Association warned of risks associated with digital currencies.
France's CAC 40 fell 0.9% in early trading to 6,296.63, while ... Read the Full Story |
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Stocks | | | Earnings and revenue growth are returning to the steel industry, boosting stocks like Steel Dynamics (NASDAQ: STLD), Nucor (NYSE: NUE) and Arcelor Mittal (NYSE: MT).
We can use the VanEck Vectors Steel ETF (NYSEARCA: SLX) as a proxy for industrywide performance. The ETF, which tracks the NYSE... Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Markets | | | Target Corp. on Wednesday reported that its sales and profits surged in its fiscal first quarter thanks to shoppers eager to spend as they emerge from the pandemic.
The Minneapolis-based discounter said that its sales at stores opened at least a year rose 18% in the three-month period... Read the Full Story |
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Markets | | | The pandemic appears to be receding in the U.S. and the economy is recovering, yet car shoppers heading back to car dealerships are in for a surprise: There are fewer vehicles to choose from and higher prices as a result Read the Full Story |
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Politics | | | BERLIN — Restaurants, theaters, cinemas and sports facilities in Austria reopened Wednesday after more than six months of closure due to the coronavirus pandemic.
Hotels in the Alpine nation are also allowed to receive guests as normal again, provided they can prove they’ve been vacci... Read the Full Story |
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Markets | | | Offshore oil and gas drilling giant Transocean (NYSE: RIG) stock is starting to awaken after years of brutal selling from a high of $163 in 2015 to lows of $0.65 in 2020. The global decarbonization movement and migration towards clean energy solutions has not been a favorable environment for the oil... Read the Full Story |
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Markets | | |
I used to work for a higher educational institution, and 403(b)s were all the rage there. I happily invested in the college's 403(b) and stuck to it for 12 years.
Then, when I left my job, I transferred my money from a 403(b) into a traditional IRA. I took another job (a corporate job) and ... Read the Full Story |
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The Early Bird Stock Of The Day The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names. The company markets and sells its products to a network wholesaler in the United States, as well as wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other e-commerce retail outlets. It sells its products in Canada, Europe, Israel, Australia, New Zealand, the Caribbean, the Pacific Rim, Mexico, and Central and South America. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts. | | View Today's Stock Pick |
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