Asia stocks advance, tech giants rally after Fed report. Global stocks advance ahead of US economic data. 3 Stocks for Millennials to Buy and Hold.
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The Early Bird Newsletter

Thursday, July 29th

S and P pricesDow pricesQQQ prices
Good Morning

Stocks 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

Asia stocks advance, tech giants rally after Fed report

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...

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Markets

Global stocks advance ahead of US economic data

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...

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Markets

3 Stocks for Millennials to Buy and Hold

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...

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Stocks

3 Stocks to Buy in the Golden Age of Digital Advertising

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.

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Markets

Volkswagen earnings beat pre-pandemic levels on luxury makes

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...

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Markets

Old Dominion Rolls To Record Quarter, Beating Wall Street Views

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%. 

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Politics

Spain to extend COVID-19 aid to most vulnerable until Oct 31

Spain's prime minister on Thursday announced that existing measures to protect the most vulnerable from the pandemic’s economic fallout will be prolonged until the end of October. Spain, one of the country’s that was hardest hit at the beginning of the health emergency, has extended s...

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Markets

The 4 habits that don't let you save money

Do you want to save to invest, buy a house or simply to have an emergency fund and you just can't? There are 'imperceptible' money leaks that, if you don't control, will keep your wallet in the emergency room. The neobank Nu México did an analysis on personal finan...

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Markets

Tilray Rises After Q4 Earnings, First Results Since Aphria Merger

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.

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Markets

What's Holding You Back from Your First $1 Million? Check Out These Possible Culprits

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...

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The Early Bird Stock Of The Day

Albemarle Co.

Albemarle Co.

Albemarle Corp. engages in developing, manufacturing, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following segments: Lithium, Bromine Specialties, and Catalysts. The Lithium segment engages in developing and manufacture of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents. The Bromine Specialties segment consists of bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Catalysts segment contain two product lines: clean fuels technologies, which is primarily composed of hydro processing catalysts, and heavy oil upgrading that comprises of fluidized catalytic cracking catalysts and additives. The company was founded in 1993 and is headquartered in Charlotte, NC.

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