Good MorningStocks tried to rally right out of the gate on Monday but the move was short-lived. The S&P 500 topped out near 0.5% higher on the day then gave up all of the gains and more. While vaccine news continues to stoke hope, the rising number of COVID cases and widening lockdowns have the market on edge. What investors need to remember is that it will take months if not several quarters for enough doses of the vaccine to make full economic reopening a viable proposition.
The action on Monday was light but might be foreshadowing a deeper move to come. The high of the day was a hair short of the all-time high and a confirmation of resistance at the level. The question that needs to be answered now is if the market will pull back a little or a lot. With most major momentum indices pointing lower the odds of at least a little pullback are very high.
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Politics | | | European Union chief negotiator Michel Barnier says he still has the firm belief that a Brexit trade agreement is possible, and has whittled the outstanding disputes to be settled ahead of the New Year to just two Read the Full Story |
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Politics | | | Shares advanced in world markets on Monday as investors watched for developments in Britain’s trade talks with the European Union and on a new round of aid for American businesses and workers.
The EU's chief negotiator Michel Barnier said Monday he believes a Brexit trade agreement i... Read the Full Story |
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Markets | | | End-to-end used car e-commerce platform Shift Technologies, Inc. (NASDAQ: SFT) stock went public through a SPAC reverse merger with Insurance Acquisition Corp. on Oct. 13, 2020. Shares sank after briefly peaking at $12.75 and are underperforming the S&P 500 index (NYSEARCA: SPY). Incidentally, t... Read the Full Story |
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From Our PartnersLike any other investor, I try to buy low and sell high... but the BIG difference with me is that I like to buy just one kind of stock and none other. These unique companies are almost always monopolies. And are mandated by law to make a profit. Not a single company in this entire industry has ever gone out of business-ever. And one last thing: the dividend yields are massive. | | Full story inside. |
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Markets | | | FedEx (NYSE: FDX) is set to report its Q2 2021 earnings (the period ending November 30) on Thursday. The last time the overnight delivery pioneer reported earnings, three months ago, the stock soared nearly 7% the next day on the open.
FedEx blew away expectations, beating by 81% on the bottom line... Read the Full Story |
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Politics | | | LONDON — Family doctors in England are set to start COVID-19 inoculations this week, in the latest stage of the U.K.’s mass vaccination program.
The National Health Service said hundreds of general medical clinics across England are taking delivery of the Pfizer-BioNtech vaccine on Mo... Read the Full Story |
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From Our PartnersThis secret calendar has revealed the exact dates a select group of stocks are set to Skyrocket… just like they’ve done for the past 10 years - like clockwork. | | | | Continue Reading |
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Tech | | | China’s market regulator on Monday said it fined Alibaba Group and a Tencent Holdings-backed company for failing to seek approval before proceeding with some acquisitions.
It also is launching a review of a merger of two online streaming platforms in the latest tightening of controls... Read the Full Story |
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Politics | | | Germany’s health minister has expressed impatience that the European Union is still waiting for its regulatory agency to approve a coronavirus vaccine, Other officials, meanwhile, urged Germans to forgo Christmas shopping two days before a new hard lockdown will close schools and shut most stories Read the Full Story |
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Markets | | |
As far as initial public offerings (IPOs) go, Airbnb (NASDAQ:ABNB) just had a winner. When it rolled out on Thursday, the company saw a 113% rally in its share price at one point, and afterward, the company walked away with a market cap that just cleared the $85 billion mark. Yet even as the compa... Read the Full Story |
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Markets | | | Hexo Corporation Is A Growing Concern
Hexo Corporation (NASDAQ:HEXO) is not Canada’s largest cannabis company by a long shot. With only about $100 milion (Canadian) in expected 2021 sales it is not even in the top five. But it is one of the more-interesting stories because of the company&rsqu... Read the Full Story |
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Markets | | | On Wednesday afternoon, Starbucks (NASDAQ: SBUX) held its biennial investor meeting.
There’s a lot to unpack, but we’ll start with the highlight: Starbucks revealed that it plans to have 55,000 locations by 2030. That would make Starbucks the largest restaurant chain in the world by a g... Read the Full Story |
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The Early Bird Stock Of The Day SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. In addition, it provides debit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust management services; and credit cards, letters of credit, and home equity lines of credit. The company also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida. | | View Today's Stock Pick |
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