Good MorningThe equities market ended the first week of the New Year on a high note. The broad market S&P 500 gained half a percent on Friday to put the index up about 1.5% for the week. The NASDAQ Composite and Dow Jones Industrial Average both moved higher to close at new all-time highs as well and more new highs could be on the way. The incoming Biden administration is expected to fast-track additional stimulus to fuel the economic rebound and that should drive stocks even higher.
The economic rebound came into question Friday morning and capped the day’s gains. The December read of the Non-farm payroll report showed jobs declined unexpectedly due to COVID-related shutdowns. The caveat for investors is that NFP numbers are highly suspect and prone to revisions. The revisions for October and November added 135,000 jobs to the data and nearly offset the December decline.
Featured: Profit-Stocks: Upstart Gold Firm Hits High-Grade Gold Zone (Resource Stock Digest) 
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Markets | | | Cybersecurity software company McAfee Corp. (NASDAQ: MCFE) stock had recently begun trading again in its IPO debut on Oct. 22, 2020. Shares were priced at $20, opened at $18.60 and proceeded to sell-off since then hitting lows of $15.02 on Dec. 7, 2020, before rallying. Read the Full Story |
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Stocks | | | The tech sector got a boost from the pandemic that will not soon dissipate. Trends in place for years have been accelerated to new highs and those gains will not only stick but be compounded by fresh gains in the years to come. Read the Full Story |
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Politics | | | Asian shares were mostly higher Friday on hopes for additional economic stimulus after President-elect Joe Biden takes office.
A new state of emergency in the Tokyo region to combat surging coronavirus cases did little to dampen market optimism. The benchmark Nikkei 225 surged 2.4% t... Read the Full Story |
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Politics | | | Asian shares were mostly higher Friday on hopes for additional economic stimulus after U.S. Congress confirmed Joe Biden as the winner of the presidential election.
Japan's state of emergency to combat surging coronavirus cases, which kicked in Friday, did little to dampen market opt... Read the Full Story |
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Tech | | | France’s government breathed a sigh of relief Friday after the U.S. indefinitely delayed tariffs on French wine, cosmetics and other goods designed as retaliation for a French tax on technology giants.
The U.S. Trade Representative’s office said in a statement Thursday that it suspend... Read the Full Story |
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Politics | | | Global shares rose Friday on hopes for additional economic stimulus after President-elect Joe Biden takes office.
France's CAC 40 added 0.8% in early trading to 5,714.76, while Germany's DAX was up nearly 0.9% at 14,088.57. Britain's FTSE 100 gained 0.3% to 6,874.86. U.S. shares were... Read the Full Story |
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Markets | | | America’s employers likely cut back again on hiring last month — and might even have shed jobs — with the economy under pressure from a resurgent virus that has led many consumers to reduce spending and states and cities to reimpose business restrictions Read the Full Story |
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Stocks | | |
Large cap growth stocks enjoyed another year of outperformance by a wide margin in 2020. And while there are signs that the recent rotation into value stocks may have some staying power, there are still some compelling growth names out there for investors to consider.
Here we recap a few of those... Read the Full Story |
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Stocks | | | CSX Corporation (NASDAQ:CSX) operates the largest freight rail network in the eastern United States and the stock is breaking out of a few months of consolidation, making it a great option for investors that are interested in adding shares of one of the top names in the industrial sector. Read the Full Story |
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Markets | | | Capri (NYSE: CPRI), a luxury fashion retailer that operates Michael Kors, Jimmy Choo, and Versace, had one of the deepest V-shaped moves in the market last year. CPRI started the year at $38.15, before plummeting all the way down to $5.42 a share in March. Capri came all the way back, and a little m... Read the Full Story |
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The Early Bird Stock Of The Day XOMA Corporation operates as a biotech royalty aggregator in the United States and the Asia Pacific. It has a portfolio of economic rights to future potential milestone and royalty payments associated with partnered commercial and pre-commercial therapeutic candidates. The company also focuses on early to mid-stage clinical assets primarily in Phase 1 and 2 with commercial sales potential that are licensed to partners; and acquires milestone and royalty revenue streams on late-stage clinical or commercial assets. It has a portfolio with various assets. XOMA Corporation was incorporated in 1981 and is headquartered in Emeryville, California. | | View Today's Stock Pick |
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