Good MorningEquities climbed again on Wednesday with the S&P 500 gaining roughly 1.0% at the high of the session. The move comes despite a much weaker than expected labor market report from ADP that shows a loss of 300,000 jobs in January versus the expected gain of 150,000 new jobs and raises serious questions about the economy. Labor markets are strong and demand for employees is high but if those jobs aren't filled the U.S. economy will have little hope of producing true economic expansion. As it is now, what expansion we have is more to do with inflation than anything else.
Now, all eyes are on the NFP report due out on Friday. The report was expected to show a slowdown in hiring before the ADP report came out, now the analysts are rethinking their estimates with the expectation job creation will be slower than first thought. A weak figure will not set a trend but it will create another brick for the wall of worry. Featured: 1 Trade Idea Delivered Every Week (The Oxford Club) 
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Markets | | | While one good quarter doesn’t necessarily mean investors should load up on shares of a company, it's definitely a good sign that things are clicking internally. Combine a solid earnings beat with long-term growth trends and a strong financial position and it becomes a lot easier to pull the trigger on a new buy. Read the Full Story |
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Tech | | | Another wobbly day of trading on Wall Street ended with more gains for stocks Wednesday, as the latest batch of company earnings reports kept investors in a buying mood.
The S&P 500 rose 0.9% after having briefly dipped into the red in the early going. The Dow Jones Industrial Ave... Read the Full Story |
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Tech | | | Shares were mixed in Asia on Thursday as the latest batch of company earnings reports kept investors in a buying mood and pushed benchmarks on Wall Street higher.
Markets in China remained closed for Lunar New Year holidays. Tokyo's Nikkei 225 index lost 1.1% to 27,241.31 while the S&... Read the Full Story |
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Markets | | | You might want to think that you're investing in companies that have strong corporate governance. Corporate governance is the third leg of ESG investing, which stands for environmental, social and governance. Read the Full Story |
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Politics | | | The Bank of England is expected to raise interest rates again Thursday, putting the United Kingdom far ahead of the rest of Europe and the U.S. in moving to tame surging inflation that is squeezing consumers and businesses.
Economists and investors forecast that the bank’s monetary po... Read the Full Story |
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From Our PartnersWhat is it with NFTs? In 2021, the sales surpassed $9 billion which is more than 25X growth. And they show no sign of slowing down. These are the top 3 NFT Stocks for 2022. | | >>> Click Here |
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Tech | | | Meta, the company that owns Facebook, Instagram and WhatsApp, saw its stock plunge in after-hours trading after reporting a rare decline in its fourth quarter profit due to a sharp increase in expenses Read the Full Story |
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Tech | | | CNN President Jeff Zucker abruptly resigned Wednesday after acknowledging a consensual relationship with another network executive — an entanglement that came to light during an investigation of now-fired anchor Chris Cuomo.
Zucker said he was asked about his relationship with longtim... Read the Full Story |
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Markets | | | As much as we like to be right all the time that is just not the case and Brinker International (NYSE: EAT) is a good example. We called a bottom in Brinker International last summer that proved to be temporary but the underlying thesis remains sound. Read the Full Story |
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Markets | | | There have been outliers, i.e., companies that have well exceeded the long-term average earnings surprise of roughly 9%. Those that did are worth a closer look as buys because if they can outperform in this challenging economic backdrop, there’s a good chance they’ll really outperform as inflationary and supply chain pressures improve. Read the Full Story |
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Markets | | | Athletic footwear and apparel retailer Foot Locker (NYSE: FL) stock has fallen despite blowout earnings and raised guidance. Consumer demand remains strong despite supply chain disruptions and rising inflation. The Company blew out its recent Q3 2021 earnings by $0.53 per share while revenues only g... Read the Full Story |
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Thursday's Early Bird Stock Of The Day LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans. In addition, it operates an online lending marketplace platform. The company was incorporated in 2006 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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