Good MorningEquities continued to rebound on Thursday with the S&P 500 up nearly 1.25% at the high of the day. The index appears to be headed back up to the recent all-time highs but there are risks ahead. Not only is there a chance for strong resistance at the 4,500 that will need to be broken. If the market can not get above that level it will likely remain range-bound with 4,150 as the floor.
The risk for investors is that the market tide may have already turned in favor of the bears. The rally in stocks is driven in large part by short-covering and not by real buying. If the market can not build some true buying momentum a break above 4,500 seems unlikely. Looking to next week, the risk for the market will be geopolitical in nature as there are very few economic or earnings reports on the calendar.
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Markets | | |
Stock Splits Can Attract New Retail Buyers and Ignite Rallies
A company’s board of directors decides to pursue a stock split for a number of different reasons, including boosting a stock’s liquidity and attracting new buyers. While it’s important for investors to note that a com... Read the Full Story |
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Stocks | | | When there’s blood on the streets, it’s time to buy. So said Warren Buffett, and if a 75% drop from peak to trough isn’t bloody enough for you, then I don’t know what is. That’s the drop that the Invesco Golden Dragon China ETF (NASDAQ: PGJ) experienced in the past twel... Read the Full Story |
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Politics | | | Wall Street extended a rally into a third day Thursday, even as oil prices jump back above $100, upping the pressure on inflation.
The S&P 500 rose 1.2%, with more than 80% of the stocks in the benchmark index closing higher. That follows gains of more than 2% in each of the prior... Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
He gives a speech and the markets soar…
Now, a new Trump executive order is set to set off a wave worth a potential $194 trillion in the markets.
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Markets | | | Within the entire S&P 500 only two companies currently have the strong buy label—Alphabet and Bio-Rad Laboratories. Expanding the universe to smaller capitalizations and ADRs yields a similarly small proportion of strong buy names.
Read the Full Story |
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Stocks | | | It'd be great if we all had money to buy even one share of Berkshire Hathaway, which, as of March 17, was trading at $506,139. But, alas, there's reality. You have to twiddle your pennies and hope that you buy "some stuff" that will stand the test of time (and grow, preferably, exponentially!). ... Read the Full Story |
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From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
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Stocks | | |
Specialty insurance company James River Group (NASDAQ: JRVR) stock has been collapsing through pandemic lows. While its recent earnings were a large miss on paper, the Company has taken strategic moves in an effort to optimize its cash and risk positions. James River targets riskier insurance case... Read the Full Story |
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Politics | | | President Joe Biden set out to finally complete the “pivot to Asia,” a long-sought adjustment of U.S. foreign policy to better reflect the rise of America’s most significant military and economic competitor: China.
But Russia's brutal invasion of Ukraine has made that vexing move even... Read the Full Story |
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Politics | | | As the war in Ukraine drags on, international companies still in Russia are coming under increasing pressure to leave.
Some seem to be determined to stay, some say they are reconsidering or trying to figure out an exit and some aren't speaking at all — a testament to the fraught natu... Read the Full Story |
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Politics | | | PayPal said Thursday that its users will now be able to send money to Ukrainians, both in the war-ravaged country as well as those now refugees across Europe.
Previously, people in Ukraine were only able to use the payments platform to send money out of the country. They will now be a... Read the Full Story |
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Politics | | | UNITED NATIONS — The U.N. political chief is calling for an investigation of massive civilian casualties and the destruction of hundreds of residential buildings, schools, hospitals and other civilian infrastructure in Ukraine, and for those responsible to be held accountable.
Underse... Read the Full Story |
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Friday's Early Bird Stock Of The Day JELD-WEN Holding, Inc. designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows. It also provides other ancillary products and services, such as trim boards, glasses, hardware and locks, window screens, and molded door skins, as well as miscellaneous installation and other services. The company sells its products under the JELD-WEN, AuraLast, MiraTEC, Extira, LaCANTINA, MMI Door, Karona, ImpactGard, JW, Aurora, IWP, True BLU, ABS, Siteline, National Door, Low-Friction Glider, Hydrolock, VPI, AURALINE, FINISHIELD, MILLENNIUM, TRUFIT, EPICVUE, EVELIN, Swedoor, Dooria, DANA, Mattiovi, Zargag, Alupan, Domoferm, Kellpax, and HSE brands. It serves wholesale distributors and retailers, retail home centers, and building product dealers, as well as homebuilders, contractors, and consumers. JELD-WEN Holding, Inc. was founded in 1960 and is based in Charlotte, North Carolina. | | View Today's Stock Pick |
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