Good MorningThe market closed the day and the week lower on Friday. The week’s action was driven by a combination of fear and hope, fear that COVID 19 will cause another massive economic shutdown and hope that Congress will pass a stimulus bill. On the one hand, COVID-19 cases are on the rise with what is expected to be the worst of the pandemic still ahead of us. On the other, Congress passed a stop-gap measure to avoid a government shut-down for one week in hopes a stimulus bill can be passed.
Investors banking on another round of stimulus should take caution. If passed as is, the current stimulus bill is far less than the $2.8 trillion the summer stock market rally was built on. In that light, the passage of the bill could result in a sell-the-news event that takes the market back down to a firmer support zone.
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Politics | | | Global stock markets were mostly lower Friday after U.S. unemployment claims rose in a sign of worsening economic damage from the coronavirus pandemic while Congress is deadlocked over possible new aid.
London, Tokyo and Shanghai retreated while Hong Kong and Seoul gained. U.S. stock ... Read the Full Story |
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Stocks | | | Even though many of these companies have had to deal with short-term issues caused by the pandemic, there’s a lot for investors to like about the companies that are keeping the world connected. Here are 3 telecom stocks that stand out at this time: Read the Full Story |
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With corporate borrowing rates at historic lows, most companies have opted to tap into the debt market to bolster liquidity and fund growth initiatives. But others have stayed clear of debt instead preferring to rely solely on the equity markets.
There are merits to both capital raising approache... Read the Full Story |
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Markets | | | Electronic vehicle (EV) charging network Switch Back Energy (NYSE: SBE) stock has surged on the electric vehicle (EV) momentum. The dizzying rate of money rotating from the heavily speculated EV stocks Read the Full Story |
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Politics | | | Hong Kong has secured delivery of 15 million doses of COVID-19 vaccines, with the first million to arrive as early as January, the city’s leader said Friday.
Hong Kong chief executive Carrie Lam said the city has reached agreements for 7.5 million doses each from Sinovac and Pfizer/Bi... Read the Full Story |
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Markets | | | Drugmakers GlaxoSmithKline and Sanofi said Friday that their potential COVID-19 vaccine won’t be ready until late next year because they need to improve the shot’s effectiveness in older people.
The companies said early trials showed the vaccine produced an “insufficient” immune respo... Read the Full Story |
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Politics | | | Greek authorities say bookshops and hairdressers will be allowed to reopen beginning Monday but all other retail stores, entertainment venues, restaurants, bars and cafes will remain shut throughout the Christmas period as part of the country’s second lockdown Read the Full Story |
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Politics | | | South Korea is expanding the use of rapid tests and deploying hundreds of police officers and soldiers to help with contact tracing as it deals with its worst surge of coronavirus cases since the early days of the pandemic Senior Health Ministry official Yoon Taeho said Friday that rapid antigen tests at emergency rooms, intensive-care units and remote-area hospitals will be covered by the national health insurance starting Monday, which would cost recipients about 8,000 won ($7) for each... Read the Full Story |
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Markets | | | Those disruptions are tied to the trade war (remember that?) and were only exacerbated by the pandemic. Now, three quarters into the crisis, operators like Hooker Furniture (NASDAQ:HOFT) are in a rebound that will last for at least another three. Read the Full Story |
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Markets | | | Many restaurants have struggled mightily since March. Cracker Barrel (NASDAQ: CBRL), best known for its comfort food, has been no exception.
Last week, Cracker Barrel reported its Q1 2021 earnings (the period ending October 30, 2020). Comps were down more than 16% yoy and retail sales were down 8% ... Read the Full Story |
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The Early Bird Stock Of The Day Seer, Inc., a life sciences company, engages in developing and commercializing products to decode the biology of the proteome. It develops Proteograph Product Suite, an integrated solution that includes proprietary engineered nanoparticles, consumables, automation instrumentation, and software to perform proteomic analysis to provide a solution that can be incorporated by nearly any lab for research use only. The company intends to sell its products for research use only, which cover academic institutions, life sciences, and research laboratories, as well as biopharmaceutical and biotechnology companies for non-diagnostic and non-clinical purposes. It operates in China, Australia, Eastern Europe, Israel, and Japan. The company was formerly known as Seer Biosciences, Inc. and changed its name to Seer, Inc. in July 2018. Seer, Inc. was incorporated in 2017 and is headquartered in Redwood City, California. | | View Today's Stock Pick |
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