Good MorningThe equities market gave up two days worth of gains on Thursday as rising COVID-19 cases stoke fears. The number of new cases has been hitting new highs on a daily basis in recent weeks and may lead to another round of economic shutdowns. The first round of shutdowns trimmed 32% off of U.S. GDP, if there is a second the market fears the damage could be far worse. If there is no good news on Friday the market could be in for another decline.
On the economic front, the number of new claims for unemployment insurance is falling. The number of new claims fell 22,000 over the last week to hit the lowest level since April as Americans trickle back to work. On the inflation front, Consumer Level inflation was unchanged over the last month and might be evidence of slackening demand. Friday will bring the latest read on Producer level inflation in the form of PPI but the data is not expected to move the market.
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Markets | | | Retailers like Go Grocery Outlet (NYSE:GO) that are not only growing organic sales but the business footprint as well. If you are looking for a mid-cap growth stock with years of gains ahead of it Go Grocery Outlet may be your stock. Read the Full Story |
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Politics | | | The British economy remained nearly 10% smaller at the end of the third quarter despite posting a record bounceback in the summer, when many of the restrictions that had been placed on businesses to control the pandemic were lifted Read the Full Story |
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Tech | | | Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. U.S. futures also declined.
Excitement over news of potentially effective vaccines for COVID-19 has been tempered by concerns over the logistical challenges of ens... Read the Full Story |
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Markets | | | Farfetch (NYSE:FTCH) is a company that provides a technology platform for the global fashion industry. The stock is trading near its all-time highs thanks to a recent announcement that Alibaba (NYSE:BABA) will invest millions Read the Full Story |
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Politics | | | India’s finance minister on Thursday announced a $35.14 billion package to stimulate the economy by boosting jobs, consumer demand, manufacturing, agriculture and exports hit by the coronavirus pandemic.
Nirmala Sitharaman said the package includes 9 billion rupees ($121 million) for ... Read the Full Story |
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Markets | | | Nissan has reported it posted a loss of 44.4 billion yen ($421 million) in the last quarter as the pandemic slammed profitability and the Japanese automaker fought to restore a brand image tarnished by a scandal centered on its former star executive Carlos Ghosn Read the Full Story |
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Politics | | | The British economy remained nearly 10% smaller at the end of the third quarter of the year despite posting a record summer bounceback when many of the restrictions associated with the spring lockdown were lifted Read the Full Story |
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Markets | | | Reality Sets In For High-Growth Datadog
Datadog (NASDAQ:DDOG) is by far one of the biggest winners from the COVID-19 pandemic. The company only IPOd a few months before and is situated strongly within a fast-growing industry. DataDog’s cloud-based services not only aid with security but also ... Read the Full Story |
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Stocks | | |
It's been a tough year for the restaurant industry. Most companies have struggled to put food on the table amid pandemic-led shutdowns and restrictions. There have however been a handful of standout performers that have managed to not just survive but produce some impressive performances despite t... Read the Full Story |
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Markets | | | A 5.4% jump in Wednesday’s session was enough to make shares Qualcomm (NASDAQ: QCOM) one of the standout performers in US equities. Even as we appear to be on the verge of a great rotation from growth to value stocks, the $170 billion chipmaker is every bit as attractive as it’s been all... Read the Full Story |
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The Early Bird Stock Of The Day Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients and consumers with marketplace for tickets and event information through mobile apps, other websites, retail outlets, and its primary websites, such as livenation.com and ticketmaster.com; and provides ticket resale services. This segment sells tickets for its events and third-party clients in various live event categories. This segment offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, online, and promotional programs; rich media offering that comprises advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. It owns, operates, or leases entertainment venues. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California. | | View Today's Stock Pick |
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