Good MorningEquity markets try to stabilize from the blow the FED delivered on Wednesday. The FOMC left its policy unchanged but raised its inflation Target for 2021 and forecast, not one, but three possible interest rate hikes by the end of 2023. This compares to a previous outlook of no interest rate hikes before 2023 and puts the market firmly on a trajectory towards tightening.
The blue-chip Dow Jones Industrial Average lagged in the session while tech names Including the FAANG stocks led the day. Shares of FAANG stocks advanced 1% to 3% with Google setting a new all-time high. With the market Darlings back in the lead it looks like the S&P 500 is about to move up to set a new all-time high. The question now is where will the S&P 500 close out the week, above or below the psychologically important short-term moving average. Featured: To Any American Who Owns a Cell Phone (Legacy Research) 
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With the major stock indices trading near record highs, more stocks are trading near their 52-week highs than near their 52-week lows. Roughly three out of five S&P 500 stocks are currently within 10% of their respective 52-week highs. A mere 13 stocks are within 10% of their 52-week lows.
By... Read the Full Story |
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From Our PartnersWorried about the market? We're thinking long term and doubling down on these stocks. | | Learn more. |
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Politics | | | Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023.
Japan's benchmark lost earlier gains and inched down less than 0.1% in afternoon trading to 29,009.75. South Korea's Kospi edged ... Read the Full Story |
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Stocks | | | While electric vehicle stocks haven’t necessarily been as supercharged as they were during 2020, the long-term bullish narrative surrounding the industry is still intact. With consumer preferences quickly shifting towards EVs and plenty of government incentives in place that should entice driv... Read the Full Story |
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From Our PartnersSmart investors are loading up on a tiny gold exploration firm - trading below 50 cents a share - that's developing not one but two gold projects in Nevada's famed Carlin Trend. Its flagship project is right next door to a giant discovery by industry behemoths Barrick and Newmont. With multiple drill rigs and nearly half a million ounces already discovered, 10-fold upside may prove conservative. | | Learn more here... |
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Politics | | | Global shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023.
France's CAC 40 added nearly 0.2% in early trading to 6,677.20, while Germany's DAX lost 0.3% to 15,684.53. Britain's FTSE 100 s... Read the Full Story |
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Markets | | | For a powerhouse company like Amazon (NASDAQ:AMZN) that has revolutionized the way that people shop and delivered incredible earnings performance for the last few quarters, it’s a bit strange that its stock has gone nowhere in the past year. Read the Full Story |
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Politics | | | MOSCOW -- Confirmed COVID-19 cases in Moscow hit a daily record Friday and increased nearly 30% from the day before.
Authorities reported 9,056 new cases in Russia's capital, the city's highest daily surge since the beginning of the coronavirus pandemic.
In all of Russ... Read the Full Story |
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Politics | | | LAS VEGAS — Nevada is distributing $5 million in cash prizes to residents who have been vaccinated as part of an effort to encourage more people to get shots.
Gov. Steve Sisolak said Thursday that the new “Vax Nevada Days” initiative provided skeptics one more reason to get vaccinate... Read the Full Story |
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Politics | | | Israel says it will transfer around 1 million doses of soon-to-expire coronavirus vaccines to the Palestinian Authority in exchange for a similar number of doses the Palestinians expect to receive later this year Read the Full Story |
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Markets | | | Not even a day after analyst Michael Glick of JPMorgan initiated coverage on the steel industry calling it a generational opportunity, Commercial Metals Company (NYSE: CMC) released its calendar Q2 earnings report Read the Full Story |
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Markets | | | JPMorgan came out strong on the industry’s prospects for a full recovery, pointing towards positive booking momentum and positive pricing trends. They went so far as to raise out-year estimates for all the major operators which puts their call well ahead of the general consensus estimates for the group. Read the Full Story |
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The Early Bird Stock Of The Day Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products. The company also provides insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products. In addition, its loans are sourced through branches, centrally-managed direct mail campaigns, and digital partners, as well as its consumer website. The company was incorporated in 1987 and is headquartered in Greer, South Carolina. | | View Today's Stock Pick |
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