Your Evening Recap for Friday, February 26thUp one day and down the next, the major indices posted their biggest declines in months on Wednesday due to rising bond yields. The S&P 500 was down more than 2.6% at the low of the day with the NASDAQ leading and the Dow Jones lagging. The tech-heavy NASDAQ Composite fell more than 3.6% and is now down more than 7.0% from the high. Because bearish momentum on the rise it seems like a move lower will come sooner than a move to new all-time highs.
In bond news, the yield on the 10-year treasury made its largest single-day gain in months peaking out just above 1.65%. The rise in bond yields is bullish in that it suggests economic conditions are improving. The market moved lower, however, as risk-averse investors take money off the table and park it in what are now comparably yielding and much safer U.S. treasuries. The average yield for S&P 500 stocks is about 1.45%.
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If you are interested in adding aerospace stocks to your investment plans, it is crucial to be very selective about the companies you add. That’s why we’ve put together a list of 3 aerospace stocks set to fly in 2021 Read The Full Story > | First he bet it all on PayPal and made millions...
Then he bet it all on Tesla and made billions.
Now he’s going all-in again... And this time he plans to dominate |
Nevada's governor on Friday unveiled a proposal that would allow technology companies to establish jurisdictions with powers similar to those of county governments, arguing the state needed to be bold to diversify its economy and pushing back against those who have likened the idea to company towns.
“This proposal is an exciting, unprecedented concept that has a potential to position Nevada as a global center of advanced technology and innovation, while helping to create immediate positive economic impact and shape the economy of the future,” Gov. Steve Sisolak said of his Innovation Zones idea. Read The Full Story > |
Coinbase Is Fundamental To The Crypto-Sphere
With its exposure to the consumer, fintech, cryptocurrency, defi, and the IPO market, Coinbase (tokenized stock:CBSE) might be the hottest ticket on the market today. The company has already listed its shares on the NASDAQ Private Market and is expected to go public in a direct-listing sometime this year. We think sometime in the first half of the year and sooner rather than later. To that end, the company just released a prospectus that has Wall Street re-evaluating the valuation. Trades on Private Market indicated a value as high as $77 billion within the past week. Read The Full Story > | A 2021 oil recovery may be on the way and could send oil stocks soaring, including this small-cap player that is set to explore for oil in an area that has been called a sleeping giant of oil! Continue Reading |
WINDOW ROCK, Ariz. -- The Navajo Nation has continued on a downward trend in the number of daily coronavirus cases.
Tribal health officials on Friday reported 23 new cases of COVID-19 and four additional deaths. The latest numbers bring the total to 29,710 cases since the pandemic began. The death toll is 1,165.
A curfew remains in effect for residents on the vast reservation that covers parts of Arizona, New Mexico and Utah to prevent the spread of the virus.
Health facilities on the reservation and in border towns are conducting drive-thru vaccine events or administering doses by appointment.
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THE VIRUS OUTBREAK:
Vaccination passports may open society, but at cost of inequity. Read The Full Story > |
The TJX Companies (NYSE:TJX) and Overstock.com (NASDAQ:OSTK) are two different but related stories representing trends present in the market today. On the one hand, we have a company in good health, weathering the pandemic, and poised to rebound strongly with the economic reopening Read The Full Story > | Eat Beyond is a rising new star in the alternative meat space and is the very first to provide retail investors with the opportunity to participate in one of the fastest growing industries around! Continue Reading |
Democrats are ready to shove a $1.9 trillion COVID-19 relief package through the House on Friday, despite a setback that means a minimum wage boost is unlikely to be in the final version that reaches President Joe Biden.
A near party-line vote seemed certain on the measure, Biden’s first crack at his initial legislative goal of acting decisively against the pandemic. In the year since the coronavirus has taken hold, it has stalled much of the economy, killed half a million Americans and reshaped the daily lives of virtually everyone.
The relief bill would provide millions of people with $1,400 direct payments. Read The Full Story > |
After underperforming in 2020, U.S. small-cap stocks have taken the leadership reins in the early going of 2021. With the S&P 600 up almost 19% year-to-date compared to 4% for the S&P 500, investors are piling into small caps on expectations of a strong economic recovery.
While small-cap equities are generally considered a growth asset class, some payout some sizeable dividends. Here we highlight a few of the small companies that offer the best of both worlds—an above-average dividend yield and attractive growth metrics.
What is Driving Growth at Ethan Allen Interiors?
Ethan Allen Interiors (NYSE:ETH) is a high-end furniture retailer that mostly leans on selling beds, couches, and area rugs the old-fashioned way at its roughly 300 U.S. Read The Full Story > |
President Joe Biden’s climate adviser said the deadly winter storm that caused widespread power outages in Texas and other states is a “wake-up call” for the United States to build energy systems and other infrastructure that are more reliable and resilient in the face of extreme-weather events linked to climate change Read The Full Story > |
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