Good MorningThe broad equities markets rebounded on Tuesday but fell short of reclaiming Monday’s opening highs. Boeing is the day’s leader for the Dow Industrials. Shares of the aircraft manufacturer rose nearly 5.0% to recover from a recently set low. Economic data helped spur the move, the latest report from the Institute of Supply Management shows manufacturing activity accelerated strongly in December versus an expectation for sluggish growth.
The move up in the indices was also supported by good news out of the oil patch. Saudi Arabia says it will cut production of oil in February and March to help bring the world market back into equilibrium. The news strengthens an already bullish outlook for oil that centers on economic reopening and rising demand in 2021. The price of Brent North Sea and West Texas Intermediate crude jumped more than 5.5% with similar gains in most energy-related stocks.
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There are plenty of pitfalls that investors should try to avoid when it comes to dividend investing. Some of the most common mistakes include only focusing on a stock’s dividend yield, not doing enough research ahead of a purchase, and placing a big emphasis on the current payout versus futu... Read the Full Story |
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Politics | | | The New York Stock Exchange has withdrawn plans to delist shares of three Chinese state-owned phone carriers. The shares were to be removed under an order from President Donald Trump, a move Beijing had warned might lead to retaliation.
The exchange cited “further consultation” with r... Read the Full Story |
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Tech | | | China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks.
The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said such bu... Read the Full Story |
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Politics | | | Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course and travel to Iran, the vessel's owner said Tuesday, the latest maritime seizure by Tehran amid heightened tensions with the West over its nuclear program.
The military raid on ... Read the Full Story |
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Markets | | | The former head of state-owned China Huarong Asset Management Co. Ltd. was sentenced to death Tuesday for bribe taking in one of the harshest punishments for economic crimes in recent years.
Lai Xiaomin, 58, was also found guilty by the Second Intermediate People’s Court of Tianjin o... Read the Full Story |
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Tech | | | Danish health authorities will allow a wait of up to six weeks before administering a second dose of a coronavirus vaccine, but say the original guidelines of waiting only three to four weeks to deliver a second shot should be followed whenever possible Read the Full Story |
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Markets | | | Iconic motorcycle manufacturer Harley-Davidson (NYSE: HOG) stock has gone through a rollercoaster 2020 but managed to recover back to pre-COVID levels heading into 2021. Outdoor leisure stocks have been pandemic winners in 2020 as COVID-19 restrictions prohibited conventional travel and vacation des... Read the Full Story |
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Markets | | | Fast-casual restaurant franchisor FAT Brands Inc. (NASDAQ: FAT) stock has been in a solid uptrend since bottoming out at the height of the COVID-19 pandemic with the S&P 500 index (NYSEARCA: SPY). The asset-light operating model has kept the Company resilient during and through the pandemic. As ... Read the Full Story |
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Markets | | | Chewy: It Is Diversified Growth In A Single StockWhat many American’s still don’t realize is that the pandemic accelerated some trends that were already in place. Among them a shift to digital, a reliance on eCommerce, a stay-at-home/play-at-home attitude, higher levels of care for our p... Read the Full Story |
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Stocks | | | Since October, the NASDAQ Bank Index (NASDAQ: BKX) has tacked on more than 30% and has come within touching distance of its pre-COVID levels. We’re only one trading day into the new year and already the upgrades are flying in. Read the Full Story |
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The Early Bird Stock Of The Day The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners. It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, Hulu, and Star+; sports-related entertainment services through ESPN, ESPN on ABC, ESPN+ DTC, and Star; sale/licensing of film and episodic content to third-party television and VOD services; theatrical, home entertainment, and music distribution services; DVD and Blu-ray discs, electronic home video licenses, and VOD rental services; staging and licensing of live entertainment events; and post-production services. In addition, the company operates theme parks and resorts comprising Walt Disney World Resort, Disneyland Resort, Disneyland Paris, Hong Kong Disneyland Resort, Shanghai Disney Resort, Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney, as well as Aulani, a Disney resort and spa in Hawaii. It also licenses its intellectual property to a third party for operations of the Tokyo Disney Resort; licenses trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games; operates a direct-to-home satellite distribution platform; sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The company was founded in 1923 and is based in Burbank, California. | | View Today's Stock Pick |
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