Good MorningEquity markets shrugged off the minutes from the last FOMC meeting in favor of the earnings outlook. The minutes revealed the FOMC has begun talking about tapering and cutting off stimulus but has yet to decide on how or when to begin. The S&P 500 advanced more than 0.25% to set a new all-time high and will likely set more new highs in the weeks to come.
It's still very early in the earnings season but so far the results have been very good. The few S&P 500 companies that have reported have largely beaten their consensus estimates for revenue and earnings growth pointing to a much better than expected reporting season. Moving forward, assuming this trend continues, the S&P 500 could continue moving higher into the end of the year.
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Politics | | | Asian stock markets have declined after the Federal Reserve discussed a possible reduction in U.S. stimulus and Japanese officials recommended declaring a coronavirus state of emergency during the Olympics Read the Full Story |
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Markets | | | The HeadHunter Group (NASDAQ: HHR), ChipMOS Technologies (NASDAQ: IMOS) and Ternium (NYSE: TX) are top-performing American Depositary Receipts. These are companies domiciled outside the U.S., but U.S.-based banks issue certificates representing shares in the companies. ADRs allow domestic investors to diversify internationally and gain exposure to companies they may not otherwise have access to.
Read the Full Story |
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Stocks | | | It may surprise investors that the consumer staples sector, in general, is underperforming the broader market in 2021. However, certain stocks had spectacular growth. The question on investors minds is whether that growth narrative is played out. With that in mind, here are three consumer staples stocks that are likely to push higher in July. Read the Full Story |
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Politics | | | Global stock markets and Wall Street futures fell Thursday after the Federal Reserve talked about possibly reducing U.S. economic stimulus. Japan was preparing to declare a coronavirus state of emergency during the Olympics due to a surge of infections.
London and Frankfurt opened mor... Read the Full Story |
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Politics | | | Wall Street capped a day of choppy trading Wednesday with more record highs for stocks and another drop in bond yields that sends mixed signals about investors' confidence in the market.
The S&P 500 recovered from an early stumble and rose 0.3% to an all-time high. The benchmark ... Read the Full Story |
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Tech | | | The Norwegian telecoms company Telenor, one of the biggest carriers in Myanmar, said Thursday it has agreed to sell its entire operations in the country to the M1 Group, a Lebanese-based investment firm, for $105 million.
Telenor earlier announced it was writing off the value of the ... Read the Full Story |
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Tech | | | Dozens of states are taking aim at Google in an escalating legal offensive on Big Tech. A lawsuit filed late Wednesday targets Google's Play store, where consumers download apps designed for the Android software that powers most of the world’s smartphones Read the Full Story |
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Markets | | | Specialized payments platform Paysafe (NYSE: PSFE) stock has been in a downtrend since its debut as a reverse merged SPAC business combination on March 31, 2021. The hype about its piece of the iGaming pie has worn off as revealed in its initial earnings release as a publicly-traded company. H... Read the Full Story |
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Markets | | | Shares of Silicon Valley giant Apple (NASDAQ: AAPL) closed in on a fresh all-time high this week that reminded Wall Street and Main Street alike of their potency. They’ve been trending upwards since the start of June and have tacked on almost 20% in the month since, with plenty of signs s... Read the Full Story |
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Markets | | | Are you a proud ESG investor? You should be proud — way to stick by your principles! However, you could make some serious mistakes when you invest solely in ESG investments. Let's figure out what those are. Read the Full Story |
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The Early Bird Stock Of The Day Zynga Inc. develops, markets, and operates social game services in the United States and internationally. The company provides social games as live services played on mobile platforms, such as Apple iOS and Google's Android operating systems; social networking platforms, such as Facebook and Snapchat; and personal computers consoles, such as Nintendo's Switch game console, and other platforms and consoles. It also provides advertising services comprising mobile advertisements, engagement advertisements and offers, and branded virtual items and sponsorships for marketers and advertisers; and licenses its own brands. In addition, the company operates mobile programmatic advertising and monetization platform. Zynga Inc. was founded in 2007 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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