Good MorningUncertainty gripped the market again on Wednesday causing the major indices to give up early gains. The tech sector led the move. The NASDAQ Composite gave up more than 2.0% at the low of the day and this may just be the beginning. The reason is simple; negotiators on Capitol Hill have yet to indicate consensus on a stimulus deal that has been very slow in coming.
Technically speaking, Wednesday’s price action spells bad news for the bulls. The charts are showing Dark Cloud Covers for all three of the major indices, signals that are echoed by other indicators. Traders and investors should expect to see at least a little more downside if not a full-blown correction. The next major target for support for the NASDAQ Composite is near 12,000 or about 2.75% below Wednesday’s closing price.
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Stocks | | | There’s a good chance that the autonomous vehicle sector is the next big thing in the market, which means investors should begin to familiarize themselves with some of the companies operating in the space. Read the Full Story |
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Markets | | | Solid-state lithium battery maker QuantumScape Corporation (NYSE: QS) stock has seen its shares explode recently on the electronic vehicle (EV) mania. The momentum has spilled over to the charging stations, battery makers and even battery material suppliers that power the EVs. QuantumScape went publ... Read the Full Story |
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Politics | | | World shares chugged higher on Wednesday after another round of record highs for major indexes on Wall Street, as hopes flared once again for a new round of aid for the U.S. economy.
Benchmarks rose in Paris, London, Tokyo, Hong Kong and Seoul. Shanghai declined after China reported ... Read the Full Story |
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Politics | | | Asian shares logged strong gains on Wednesday after another round of record highs for major indexes on Wall Street.
Benchmarks rose in Tokyo, Hong Kong and Seoul. Shanghai edged lower after China reported that its consumer price index slipped 0.5% in November compared with a year ear... Read the Full Story |
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Markets | | | DoorDash is capping a year of explosive growth with an initial public offering of its stock, hoping to keep the momentum going even if demand for food delivery eases in a post-pandemic world.
The San Francisco-based company raised $3.4 billion in its Wednesday offering. Late Tuesday, ... Read the Full Story |
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From Our PartnersThe demand for plant-based foods is skyrocketing while meat consumption has been on decline. New player Eat Beyond is poised to become a household name in the fast-growing plant-based food category!
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After hitting an all-time high of $393.15 on November 30th, Costco (NASDAQ:COST) stock went on a five-day losing streak retreating to its 50-day moving average. This is giving investors a chance to buy shares of the warehouse retailer before moves on to another record high. And with the company ge... Read the Full Story |
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Politics | | | The Dutch government on Wednesday beefed up its financial support by 3.7 billion euros ($4.5 billion) for businesses slammed by the country’s partial lockdown measures.
The latest lifeline comes on top of 33.7 billion euros in support the government earlier pledged to protect business... Read the Full Story |
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Politics | | | The Supreme Court is hearing a case Wednesday that could make it easier for the president to fire the head of the agency that oversees government-controlled mortgage giants Fannie Mae and Freddie Mac.
The case could also mean undoing an agreement between the companies and the governm... Read the Full Story |
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Markets | | | Drugstore and pharmacy chain Walgreens Boots Alliance, Inc. (NYSE: WBA) stock is still underperforming the benchmark S&P 500 index (NYSEARCA: SPY) as it recovers from the panic sell-off on the Amazon Pharmacy (NASDAQ: AMZN) rollout announcement. The Company has been a major COVID-19 testing prov... Read the Full Story |
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Markets | | | Autozone (NYSE:AZO) has benefited from the pandemic in more ways than one. Not only did the pandemic spur consumer trends in regards to used cars but the stimulus also gave the consumers money to spend. Read the Full Story |
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The Early Bird Stock Of The Day Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related services to various clients through institutional. The Protection Solutions segment provides life insurance products, such as VUL insurance and IUL insurance, term life, and employee benefits business, such as dental, vision, life, as well as short- and long-term disability insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York. | | View Today's Stock Pick |
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