Good MorningThe S&P 500 made a modest gain on Thursday to close out the holiday week with barely any movement at all. The broad market index appears to be waiting for its next cue and it could come at any time.The Dow Jones Industrial Average and NASDAQ Composite both closed in a similar position with all three trading at recently set all-time high levels.
Next week traders need to be on the lookout because the markets may not stay so quiet. The stimulus bill is headed to President Trump’s desk and there is still no indication if he’ll sign it. Even if he does sign it, the market could be faced with a sell-the-news event. Key events for the week that are not politically driven include the Chicago Purchasing Managers Index, Pending Home Sales, and initial jobless claims.
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Politics | | | European Union and British negotiators are closing in on a trade deal with only a disagreement over fishing rights in U.K. waters remaining, After resolving a few remaining fair competition issues, negotiators were down to dealing with fishing quotas and transition terms as they worked to secure a deal for a post-Brexit relationship by an end-of-year deadline Read the Full Story |
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Politics | | | Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up the ruling Communist Party’s efforts to control fast-growing tech industries.
President Xi Jinping’s government worries about the dominance of competitors such as Ali... Read the Full Story |
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Politics | | | Asian shares were mostly higher on Thursday after stocks eked out small gains on Wall Street following a mixed set of reports on the economy.
Benchmarks rose in Tokyo, Hong Kong and Sydney and other regional markets.
Stocks fell in Shanghai after China’s market regulat... Read the Full Story |
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Politics | | | Shares were mostly higher in thin Christmas Eve trading on Thursday, despite President Donald Trump’s threat not to sign a major economic stimulus package approved by Congress this week.
Benchmarks rose in Paris, Tokyo, Hong Kong and Sydney and other regional markets. London was litt... Read the Full Story |
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Markets | | | Air carrier American Airlines Group, Inc. (NYSE: AAL) stock is undergoing a late-stage rally with COVID-19 vaccine distribution is underway. With shares still trading at nearly half its pre-COVID-19 highs, the stock is dramatically underperforming the benchmark S&P 500 index (NYSEARCA: SPY). Thi... Read the Full Story |
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Markets | | |
Last week Coca Cola (NYSE:KO) announced plans to eliminate more than 2,000 jobs as the beverage company continues to grapple with the impacts of the COVID-19 pandemic. The move is part of a broader plan to reorganize the century-plus old behemoth into a more modern and nimble entity.
Coke's restr... Read the Full Story |
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Politics | | | Federal and local authorities were investigating a fiery oil car train derailment north of Seattle near where two people were arrested last month and accused of attempting a terrorist attack on train tracks to disrupt plans for a natural gas pipeline Read the Full Story |
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Markets | | |
When you start to think about all of the different applications for cloud software in the world, it’s easy to see why investors have been scooping up shares of companies in the sector. Cloud computing helps companies achieve better business efficiencies, more flexibility, cost savings, incre... Read the Full Story |
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Markets | | | Department store retailer Kohl’s Corporation (NYSE: KSS) shares have made a buoyant recovery nearly doubling since being featured in our November 9, 2020, MarketBeat Original article “Kohl’s (NYSE: KSS) Stock is a Sleeper Buy” The migration to digital has certainly improved t... Read the Full Story |
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Markets | | |
Back in August, Beazer Homes (NYSE: BZH) staged a powerful breakout, with the move coming on high volume and the closing price right around the day’s highs.
After slowly, but steadily increasing for much of the fall, Beazer formed a four-week base between mid-November and mid-December. On T... Read the Full Story |
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The Early Bird Stock Of The Day Kansas City Southern is a transportation holding company. It focuses on the growing north or south freight corridor connecting key commercial and industrial markets in the central United States with major industrial cities in Mexico. The firm also engages in the freight rail transportation business operating through a single coordinated rail network. The company was founded by Arthur E. Stilwell in 1887 and is headquartered in Kansas City, MO. | | View Today's Stock Pick |
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