Good MorningThe S&P 500 moved up to set another new high Tuesday led by tech. The NASDAQ Composite advanced nearly 1.25% to end the day at a new all-time high. While bullish, the move was tempered by the ongoing stalemate in Washington. A bipartisan bill for over $900 million in stimulus was introduced today and quickly shot-down.
Apple was among Tuesday’s biggest winners with a gain near 3.0%. Apple’s gain put the stock at a new 6 week high and indicated higher. With big tech back in favor the odds of the S&P 500 moving higher have increased. On a technical basis, the broad market index is indicated higher but the rally is losing steam. Without another major catalyst to move it the market could top out before the end of the year.
Featured: Trump Views Biotech Breakthrough as a "National Security" Issue (BehindtheMarkets) 
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Markets | | | In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs.
The 242-year-old department store chain said administ... Read the Full Story |
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Politics | | | The European Medicines Agency said it would convene a meeting on Dec. 29 to decide if there is enough data about the safety and efficacy of the COVID-19 vaccine developed by Pfizer and BioNTech for it to be approved Read the Full Story |
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Politics | | | German pharmaceutical company BioNTech and its U.S. partner Pfizer say they have submitted an application for speeded-up, conditional approval of their coronavirus vaccine with the European Medicines Agency Read the Full Story |
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Politics | | | BERLIN — Germany’s science minister says the same safety standards are being applied in the approval process for coronavirus vaccines as for other drugs.
Anja Karliczek told reporters on Tuesday that ensuring the same standards is key to gaining the widest possible public acceptance f... Read the Full Story |
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Markets | | | The Analysts Are In Control Now
With the 3rd quarter reporting season in the bag, there isn’t much to drive the market other than data, outlook, and the analysts. The data is positive and points to an ongoing economic rebound, that’s good, but expansion slowed over the last month along ... Read the Full Story |
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With so many different software stocks performing well in the market this year, it’s easy to let some of them go unnoticed. Many of these companies are seeing strong earnings growth thanks to how the pandemic has impacted the business world. What’s interesting is that even though these... Read the Full Story |
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Shares in Italian bank UniCredit sank 7% on Tuesday after the bank unexpectedly announced that CEO Jean Pierre Mustier is leaving in April due to strategy differences with the board.
Mustier, 59, was appointed CEO in 2016, and has steered the bank to financial fitness ... Read the Full Story |
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Markets | | | A Double-Tailwind For Corning Incorporated
It’s no secret that the analysts have been woefully behind on their estimates for this year’s earnings. Not only did they cut their targets too much when the pandemic struck, but they have also been slow to increase their estimates in the face ... Read the Full Story |
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Markets | | | Engineered heat transfer systems maker Modine Manufacturing Company (NYSE: MOD) stock has reverse a multi-year downtrend as shares try to surpass its February highs. While shares are still lagging the benchmark S&P 500 index (NYSEARCA: SPY) as the Company is recovering from the pandemic inflicte... Read the Full Story |
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Markets | | | Zoom Video Communication (NASDAQ:ZM) is one of the biggest winners of the pandemic. The company experienced an exponential increase in customers, revenue, and traffic that, quite frankly, has yet to slow down Read the Full Story |
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The Early Bird Stock Of The Day CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. The Global Workplace Solutions segment provides facilities management, including day-to-day management of client-occupied space, headquarters, regional offices, administrative offices, data centers and other critical facilities, manufacturing and laboratory facilities, and distribution facilities and retail space; and project management services comprising building consulting, program, and project and cost management services under the Turner & Townsend brand name. The Real Estate Investments segment offers investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; and development services, such as real estate development and investment activities under the Trammell Crow Company and Telford Homes brands to users and investors in commercial real estate, and for their own account. CBRE Group, Inc. was founded in 1906 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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