Good MorningEquity markets began pulling back on Thursday despite what has been much better than expected earnings from the vast majority of S&P 500 companies. Investor sentiment soured in the face of hotter than expected inflation data and testimony from FOMC chief Jerome Powell. The combination has the market wondering if an interest rate hike might come this year although the Fed seems committed to its dovish stance. If so it would drastically alter the economic Outlook.
Friday's trading may be volatile because there are few economic data points or earnings releases to drive trading action. Next week, things will be different as the peak of earnings season gets into full swing. Reports from Netflix, Chipotle Mexican Grill, and the Boston Beer Company will be closely watched for signs of strength or weakness within the economy. There are few economic reports due next week that include key reads on the housing sector and the Index of Leading Indicators.
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Politics | | | Shares were mostly lower in Asia on Friday after Wall Street benchmarks extended losses amid uncertainty over rising coronavirus cases and the risks to pandemic recoveries.
Stocks fell in Tokyo, Seoul and Shanghai but rose in Hong Kong. U.S. futures and oil prices were nearly unchang... Read the Full Story |
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Politics | | | Major US stock indexes closed mostly lower Thursday, pulling back further from the record highs they reached at the start of the week.
The S&P 500 fell 0.3% after shedding an early gain. The benchmark index is now on pace for its first weekly loss in four weeks.
T... Read the Full Story |
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Markets | | | Next-generation autotech semiconductor and software solutions provider Indie Semiconductor (NASDAQ: INDI) stock has been selling off since its reverse merger IPO as a publicly listed company. The maker of system on a chip (SoC) platforms enables automobiles to accommodate next-gen megatrends such as... Read the Full Story |
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Markets | | | Internet of Things (IoT) software and services provider Bsquare (NASDAQ: BSQR) stock has been a meme stock momentum mover. Bsquare has been a Microsoft (NASDAQ: MSFT) Embedded IoT partner since 1997. The Company helps enterprises build intelligent IoT systems. Bsquare is an underfollowed company tha... Read the Full Story |
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Tech | | | Netflix has hired veteran video game executive Mike Verdu, signaling the video streaming service is poised to expand into another fertile field of entertainment.
Verdu's addition as Netflix's vice president of game development, confirmed Thursday, comes as the company seeks to sustain... Read the Full Story |
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Markets | | | Chinese global trade platform Powerbridge Technologies (NASDAQ: PBTS) stock has started to breakout on heavy volume as a meme stock. This small-cap stock provides software and technology solutions to companies engaged in global trade operations in China. The geopolitical tensions in the backdrop bet... Read the Full Story |
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Politics | | | Senate Majority Leader Chuck Schumer is pressuring lawmakers to reach agreement by next week on a pair of massive domestic spending measures, signaling Democrats’ desire to push ahead aggressively on President Joe Biden’s multitrillion-dollar agenda.
Schumer, D-N.Y., said Thursday he ... Read the Full Story |
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Tech | | | The Walt Disney Co. says it plans to build a new regional campus in central Florida to house at least 2,000 professional employees who will be relocating from Southern California to work in digital technology, finance and product development Read the Full Story |
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Markets | | | As businesses increasingly rely on the cloud for document storage, companies like Iron Mountain (NYSE:IRM) are capitalizing on the shift away from paper. But data-center rivals, structured as REITs, have been growing revenue faster as Iron Mountain makes the shift from paper to digital. Read the Full Story |
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Markets | | | After being range-bound for about five months, McDonald’s (NYSE:MCD) stock broke to the upside in a big way in March 2021. The stock has flattened in the last month but it’s still close to its all-time high.
Read the Full Story |
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The Early Bird Stock Of The Day ExlService Holdings, Inc. operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform. In addition, the company offers health care services related to care management, utilization management, disease management, payment integrity, revenue optimization, and customer engagement. Further, it provides financial planning and analysis, management reporting, forecasting and decision support, data management, regulatory reporting and risk, and compliance services; reservations, customer, and fulfilment services; freight billing, collections, claims management, freight audit, freight scheduling, supply chain management, and revenue assurance services; residential mortgage lending, title verification and validation, retail banking and credit cards, trust verification, commercial banking, and investment management; merchandising, pricing, and demand forecasting; and digital operations and solutions. The company offers predictive and prescriptive analytics in the areas of customer acquisition and lifecycle management. ExlService Holdings, Inc. was founded in 1999 and is headquartered in New York, New York. | | View Today's Stock Pick |
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