Good MorningThe S&P 500 moved up to set a new all-time high on Friday after weaker-than-expected inflation data relieved the fear of inflation. The core PCE price index grew at 0.5% month-over-month, a tenth slower than expected despite signs of rapidly rising prices elsewhere in the economy. The bad news is that, on a year-over-year basis, core consumer-level inflation accelerated to 3.4% and shows no sign of slowing.
This week the market will be focused on the labor data. There Is a raft of labor data due out throughout the week with the most important on Friday. Friday is the non-farm payrolls report, a report that has left much for the market to desire in the past two readings. Another month of weak job creation may not be enough to derail the rally but it will add to the wall of worry. A much-weaker than expected report could derail the rally.
Featured: To Any American Who Owns a Cell Phone (Legacy Research) 
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Stocks | | | The market and the Federal Reserve remain on the same page regarding the transitory effect of inflation on the economy. This makes equities the place to be. And the MarketBeat team of writers will stay on top of the stocks and stories that are moving the market. Here’s a look at some of the stocks they analyzed this week. Read the Full Story |
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Stocks | | | Investing in companies listed on the NASDAQ exchange provides an opportunity to add some of the best and brightest companies in the world to your portfolio. Many of the 2,500 companies listed on the NASDAQ Composite are trendy and tech-centric businesses that have immense upside potential. However, ... Read the Full Story |
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Markets | | |
You're allocated, diversified and saving 10% or more for retirement. You (or your robo-advisor) have the rebalancing thing down pat.
But you're a little bored. Life isn't all that exciting. And when Bobby next door makes money in some obscure cryptocurrency, you might feel a little, well, put out... Read the Full Story |
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From Our PartnersWith Democrats now controlling both houses of Congress and the executive branch, cannabis decriminalization on the federal level could be months away. This could result in established Washington State weed companies being able to market across state lines -- setting off a bidding war for quality stocks at reasonable prices. | | Get All the Details on #1 Stock for the Coming Interstate Cannabis Bonanza |
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Markets | | | A major wireless technology trade fair kicked off in Barcelona on Monday with scaled-back attendance and beefed-up health and safety measures, changes that reflect the new reality for industry conventions in the post-pandemic era.
Mobile World Congress was cancelled at the last minut... Read the Full Story |
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Politics | | | The first two generating units of the world’s second-biggest hydroelectric dam were officially turned on Monday in southwestern China, the government announced.
The Baihetan Dam on the Jinsha River, a tributary of the Yangtze, is part of Chinese efforts to curb surging fossil fuel dem... Read the Full Story |
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From Our PartnersSee why world champion boxer Floyd Mayweather has promoted the cigarette with NO tobacco!
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Politics | | | In the weeks since a new Alzheimer's drug was approved, hopeful patients have bombarded Dr. Alireza Atri with calls and emails about a treatment that has sparked both excitement and skepticism.
They want to know if the drug might be right for them. Like many physicians, Atri has no ea... Read the Full Story |
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Politics | | | LONDON — U.K. Health Secretary Matt Hancock has resigned after breaking social distancing rules with an aide he was allegedly having an affair with.
The tabloid Sun newspaper had run images appearing to show the married Hancock and senior aide Gina Coladangelo kissing in an office at ... Read the Full Story |
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Politics | | | WASHINGTON -- Product information about the Moderna and Pfizer-BioNTech vaccines now warns about the increased risk for heart inflammation, a rare side effect of the shots.
Government health officials say, however, that the benefits of the vaccines against COVID-19 outweigh the risk p... Read the Full Story |
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Markets | | | Videogame maker and interactive entertainment content producer Activision Blizzard (NASDAQ: ATVI) stock is trading at the low end of a 10-point consolidation range. The pandemic was a powerful tailwind as stay-at-home mandates caused a surge in gaming. Investors are nervous about the reversion effec... Read the Full Story |
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Stocks | | | Chevron (NYSE: CVX) and Verizon (NYSE: VZ) are two mega-cap S&P 500 stocks that have been increasing dividends over the past several years, even as some rivals slash payouts. Although price appreciation gets the most attention from investors and the financial media, you shouldn’t overlook dividends as an important source of returns. Read the Full Story |
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The Early Bird Stock Of The Day Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas. | | View Today's Stock Pick |
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