Good MorningEquity traders came back from the Martin Luther King, Jr. Holiday in selling mode, and for good reason. The yield on the 10-year treasury spiked nearly 500 basis points to its highest level since December of 2019. The worst part, for the equities market at least, is that the price action confirms an uptrend that began in the wake of the pandemic and points to much higher rates ahead. With the FOMC tapering and on track to not only hike rates but to run-off its balance sheet as well we see the rates on the 10-year Treasury moving up above the 2.0% level soon and reaching as high as 2.5% by the end of the year.
A much-weaker than expected read of the Empire State Manufacturing index can be blamed for Tuesday’s weakness as well. The index fell to -0.7 versus the 25.5 expected by the market and points not only to slowing but contraction with the economy.
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The driven technology expansion has given us, well… You know. Artificial intelligence, voice assistants, software providers, navigation software, semiconductor producers and stuff we aren't even aware of… yet.
Right now, tech stocks are getting hit due to the same old, same ol... Read the Full Story |
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Tech | | | Technology companies led a broad sell-off on Wall Street Tuesday as bond yields surged amid renewed jitters that the Federal Reserve will act more aggressively than expected to tackle rising inflation.
The S&P 500 fell 1.8%, with about 90% of the stocks in the benchmark index clos... Read the Full Story |
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Tech | | | Asian shares fell in cautious trading on Wednesday after stocks on Wall Street sank to a new low for the year.
Tokyo, Shanghai, Seoul and Sydney were lower while Hong Kong edged higher.
Technology shares led the decline Tuesday on Wall Street. Increasing coronavirus in... Read the Full Story |
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Markets | | | That’s why it’s important to do your homework on any dividend stock with a yield that seems too good to be true. The good news is that we’ve done some of that hard work for you and put together a list of 3 trustworthy high-yield dividend stocks to buy now. Read the Full Story |
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Stocks | | | Identifying good short squeeze candidates starts with finding companies that have a high short float percentage. Here are three highly shorted stocks that if provided the right accelerant, could produce some epic squeezes. Read the Full Story |
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Markets | | | The largest operator of movie theaters AMC Entertainment (NYSE: AMC) stock had a wild 2021 as one of the original “meme stocks” skyrocketed only to slowly meltdown in 2022. AMC was the poster child of pandemic epicenter stocks on the verge of bankruptcy. However, the abundance of short-s... Read the Full Story |
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Tech | | | Airlines across the world, including the long-haul carrier Emirates, are rushing to cancel or change flights heading into the U.S. over an ongoing dispute about the rollout of 5G mobile phone technology near American airports Read the Full Story |
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Tech | | | AT&T and Verizon will delay launching new wireless service near key airports after the nation’s largest airlines said the service would interfere with aircraft technology and cause widespread flight disruptions.
The decision from the companies came Tuesday as the Biden administrat... Read the Full Story |
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Tech | | | Microsoft is paying the enormous sum of nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, a deal that would immediately make it a larger video-game company than Nintendo while raising questions about the deal’s possible anti-competitive effects Read the Full Story |
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Stocks | | | Financial management and business software developer Intuit (NASDAQ: INTU) stock has started the new year on a downtrend mirroring the sell-off in the benchmark indexes. Shares are trading near the October 2021 levels. Intuit has come a long way from the days of just being a tax software maker with ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio. The Water Handling segment delivers fresh water from sources, including the Ohio River, local reservoirs, and various regional waterways; uses water handling systems to transport flowback and produced water; and offers pumping stations, water storage, and blending facilities. The company was founded in 2002 and is headquartered in Denver, Colorado. | | View Today's Stock Pick |
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