Good MorningStocks delivered mixed results on Wednesday. The Dow had a second down day. However, the NASDAQ and S&P 500 exchanges both turned positive after Tuesday’s decline.
Investors were waiting to hear what Fed chair Jerome Powell had to say, and they weren’t disappointed. Powell reaffirmed his view that the economy was “a ways off” from a point where the Fed would consider tightening its monetary policy.
There was also good news on the stalled infrastructure bill. A select group of Republicans is now indicating that there may be a path forward.
And after the market closed, Facebook delivered a strong earnings report. However, the stock of the social media giant plunged after it lowered its guidance on expectations of a significant slowdown in its pace of revenue growth for the rest of the year.
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Politics | | | Asian stocks rose Thursday after the Federal Reserve kept its accommodative monetary policies and signaled that the U.S. economic recovery was on track.
Chinese technology giants led the way as authorities moved to soothe jitters over stricter anti-monopoly and data security enforcem... Read the Full Story |
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From Our PartnersIt’s all over the news – there’s an extreme shortage of semiconductors.
As you probably expect, this situation is GREAT for chip stocks. A basket of semiconductor stocks has almost doubled the S&P’s record performance over the last year.
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Markets | | | Global stock markets were higher Thursday on expectations of positive economic data from the U.S.
Analysts expect the advance data to show the world's largest economy growing at an 8.5% annual pace in the second quarter.
That follows the Federal Reserve's decision to k... Read the Full Story |
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There are stocks that lend well to day trading. And then there are those you just hang on to for a while.In the case of younger investors such as Millennials, there are plenty of people who do both. For some, a taxable brokerage account serves as the ‘sandbox’ for short-term trading wh... Read the Full Story |
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From Our PartnersKiller viruses are now a worldwide crisis and testing is imperative across the world. Biotech player Todos Medical may soon rise to global recognition for its innovative testing solutions! | | | | Continue Reading |
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Stocks | | | With ad spending recovering in a big way following the pandemic, there are plenty of great companies for investors to consider at this time. Let’s take a look at 3 stocks to buy in the golden age of digital advertising.
Read the Full Story |
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Markets | | | Germany's auto industry showed more strong results Thursday as Volkswagen's earnings and profit margins beat pre-pandemic levels and the company raised its profit outlook for the year despite an ongoing shortage of key electronic parts that is plaguing the industry as a whole.
Volkswa... Read the Full Story |
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Markets | | | Trucking company Old Dominion Freight Line (NASDAQ: ODFL) gapped down Wednesday following its second-quarter earnings report. However, mid-session, the stock reversed much of the early loss and was near the high of its daily trading range. The company reported earnings of $2.21 per share, up 85% from the year-ago quarter. Revenue was $1.319 billion, a gain of 47%. Read the Full Story |
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Markets | | | Three schoolteachers in Washington state who sued chemical company Monsanto over exposure to materials in fluorescent lights have been awarded $185 million.
The law firm that represented the teachers, Friedman Rubin, said a jury returned the verdict Tuesday in King County Superior Cou... Read the Full Story |
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Markets | | | Boeing reported its first quarterly profit since 2019 and its revenue topped expectations as the giant aircraft maker tries to dig out from the most difficult stretch in its history.
Boeing earned $567 million in the second quarter, compared with a $2.4 billion loss a year ago.
... Read the Full Story |
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Markets | | | Canadian cannabis producer Tilray (NASDAQ: TLRY), which has been in a steep consolidation since mid-February, rose after posting fourth quarter income of $0.18 per share on revenue of $142.2 million. The company beat on the top line, but revenue missed views, largely due to Covid restrictions in Germany and Canada. Read the Full Story |
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In your head, you've always known you'll make it to the millionaire club. However, getting to $1 million and beyond has proven more difficult than you thought (despite reading every book related to "The Millionaire Next Door" that ever existed).
Wealthy people often say, "My first $1 millio... Read the Full Story |
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The Early Bird Stock Of The Day Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington. | | View Today's Stock Pick |
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