Good MorningEquity markets rebounded on Wednesday gaining roughly 0.75% at the highs of the session. The move puts an end to a 7-session streak of losses that have shaved nearly 2.5% from the S&P 500. If the market can maintain its footing at this level the uptrend will remain intact. If not the market could be in for another 1% to 9% correction before the end of the month.
Wednesday trading was supported by better than expected data from the manufacturing sector. The New York Empire State manufacturing index rose unexpectedly and doubled the expectation on an increase in new orders, backlogs, and deliveries. The news bodes well for economic activity in the 3rd quarter but is only one of the dozens of reports for the market to digest such as the August read on retail sales. Retail sales are expected to decline from the previous year, the question is by how much?
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Markets | | | Energy and technology companies helped lift stocks on Wall Street broadly higher Wednesday, reversing the market's pullback from a day earlier.
The S&P 500 rose 0.8% after another day of choppy trading. It was the biggest daily gain for the benchmark index since late August and it... Read the Full Story |
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Markets | | | TopBuild Corp (NYSE: BLD) is among leaders in the building supply industry, as demand from new construction and remodeling projects remains strong. It is one of several small- and mid-cap stocks showing fundamental and technical strength. Read the Full Story |
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Tech | | | Stocks were mostly lower in Asia on Thursday after Japan and China released data that were weaker than expected.
Shares fell in Tokyo, Shanghai, Hong Kong and Seoul but rose in Sydney.
Japan reported that its exports rose 26.2% in August from a year earlier, but that w... Read the Full Story |
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Politics | | | After initially getting derailed this spring, Canadian Pacific's $31 billion acquisition of Kansas City Southern is back on track after Canadian National dropped out of the bidding war Wednesday.
The deal could still face tough scrutiny from regulators at the federal Surface Transport... Read the Full Story |
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Stocks | | | Dividend stocks should hold a place in every investor’s portfolio. Even if you don’t intend to use the dividend payout as regular income, the ability to reinvest dividends is like giving yourself a raise every quarter. With that in mind, here are three companies who have recently announced or are likely to announce dividend increases. Read the Full Story |
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Markets | | | Iconic fast casual restaurant chain Denny’s, Inc. (NASDAQ: DENN) stock has rallied off its last earning sell-off as it bumps up against the $16.66 resistance level setting up a daily make or break resolution. Read the Full Story |
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Tech | | | Carmaker Tesla has opened a store and repair shop on Native American land for the first time, marking a new approach to its yearslong fight to sell cars directly to consumers and cut car dealerships out of the process.
The white-walled, silver-lettered Tesla store, which opened last w... Read the Full Story |
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Politics | | | President Joe Biden is meeting face-to-face with two moderate Democratic senators whose objections to the size of a proposed package of social and environment initiatives has thrown serious obstacles in its path Read the Full Story |
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Heading into job sunset soon? Whether you've been planning your exit from the workforce for decades or decided on a whim that you'd be ready to rush toward the door the day you turn 60 (or will wait until you're 67), you want to make sure you're not making some common mistakes.
Since the mid-1990... Read the Full Story |
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Markets | | | Video communications platform Zoom Video (NYSE: ZM) stock has been the face of work and engagement from home during the pandemic but continues to sell off on post-pandemic normalization fears. Fears of a slow down in growth were noticeably illustrated in the share sell-off after Q2 fiscal 2022 earni... Read the Full Story |
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The Early Bird Stock Of The Day Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission. It serves its products and services to communications service providers, webscales and hyperscalers, digital industries, and government. The company also offers mobile technology products and services for radio access networks and microwave radio links for transport networks, network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, it offers cloud and network services, including core network solutions, such as voice and packet core; business applications, such as security, automation, and monetization; cloud and cognitive services; and enterprise solutions, including private wireless and industrial automation. Further, the company licenses intellectual property, including patents, technologies, and the Nokia brand. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland. | | View Today's Stock Pick |
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