Good MorningThe equities market rebounded on Wednesday but isn’t out of the woods yet. The market responded favorably to a round of better than expected earnings reports as well as comments from Secretary of the Treasury Janet Yellen walking back her statements from the day before. Tuesday Ms. Yellen said the Fed may need to raise rates to combat an overheating economy, Wednesday she said inflation wasn’t a problem despite growing signs of inflation within the economy.
Investors are closing watching the employment data this week. The ADP report was released on Wednesday and showed nearly 750,000 new jobs were created in April. While strong, the figure was below the consensus estimate and may foreshadow a weaker than expected NFP report on Friday. If the NFP is weaker than expected the market may react favorably due to its impact on the economic outlook, inflation, and interest rates.
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Politics | | | U.S. Secretary of State Antony Blinken has downplayed any prospect of an imminent trade deal with a post-Brexit Britain.
In an interview with BBC radio broadcast Thursday, Blinken said any deal would take “some time” and that U.S. President Joe Biden wants to ensure any trade agreemen... Read the Full Story |
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Tech | | | Asian shares were mostly higher Thursday on cautious optimism that upcoming company earnings reports will reflect a gradual recovery from the damage of the pandemic.
Japan's benchmark Nikkei 225 jumped 1.8% in afternoon trading to 29,337.27, in the first session after the Golden Week ... Read the Full Story |
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Markets | | | Gig-economy stock Upwork (NASDAQ: UPWK) skidded after reporting better-than-expected first quarter. Temporary and freelance work was already gaining momentum before the pandemic, and doesn’t seem likely to let up, after job losses in 2020 and widespread changes to the economy. Read the Full Story |
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Markets | | | Global shares were mixed Thursday on cautious optimism that upcoming company earnings reports will reflect a gradual recovery from the damage of the pandemic.
France's CAC 40 dipped 0.2% to 6,329.20, while Germany's DAX shed 0.2% to 15,146.60. Britain's FTSE 100 edged 0.2% lower to 7,... Read the Full Story |
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Markets | | | Volkswagen Group's after-tax profit rebounded strongly to 3.4 billion euros ($4.1 billion) in the first three months of the year as sales rebounded in China, the company's largest single market, and as customers went for the more profitable models in the company's lineup. Sales of electrified cars m... Read the Full Story |
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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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Politics | | | India’s large diaspora is tapping its wealth, growing political clout and expertise to help India combat a catastrophic coronavirus surge that has led to desperate pleas for oxygen and left people to die outside overwhelmed hospitals Read the Full Story |
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Markets | | | In true Rocky Balboa fashion, Rocky Brands (NASDAQ:RCKY) has picked itself off the mat and staged a remarkable comeback. Since the pandemic landed an uppercut and sent the stock below $20 for the first time since 2018, Read the Full Story |
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Markets | | | We’ve been interested in the ScottsMiracle-Gro (NYSE: SMG) story for 18 months or so and couldn’t be more encouraged by the FQ2 results. The company was able to build on the momentum gained during the pandemic Read the Full Story |
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Markets | | | SiteOne Landscape Supply (NYSE: SITE) is a great company supported by secular trends and growing its business. Not only is the company exhibiting solid organic demand driven by home-improvement and homebuilding trends Read the Full Story |
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Markets | | |
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The Early Bird Stock Of The Day Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. The company was founded by Alexander Ceadmon Karp, Peter Andreas Thiel, Stephen Cohen, and Nathan Dale Gettings in 2003 and is headquartered in Denver, CO. | | View Today's Stock Pick |
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