Good MorningEquities continued to rally on Wednesday with the S&P 500 and Dow Jones Industrial Average moving up to set new all-time highs. The moves are driven buy better than expected earnings from Verizon and other high-profile names despite the impacts of rampant inflation and system-wide supply chain disruptions. The NASDAQ Composite is trailing the other two indices and closed flat for the day.
Thursday’s action should be more of the same with reports due out from another handful of S&P 500 companies. The risk is the market may not be able to sustain new all-time highs in the face of mounting headwinds within the economy. No few companies have cut guidance despite the general strength being reported by the S&P 500.
Featured: Hot Pre-IPO You Don’t Want To Miss (RYSE INC.) 
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Politics | | | Britain and New Zealand have agreed on a trade deal that eliminates tariffs on a wide range of goods as the U.K. expands economic links around the world following its exit from the European Union.
The deal was cemented late Wednesday in a conference call between U.K. Prime Minister Bo... Read the Full Story |
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Tech | | | Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through.
Shares slipped in Hong Kong, Seoul and Tokyo, while they rose in Australia and Shanghai.
China Evergrande ... Read the Full Story |
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Markets | | | Global shares were mostly lower Thursday, after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through.
France's CAC 40 shed 0.4% in early trading to 6,679.78, while Germany's DAX fell 0.2% to 15,498.69. Brita... Read the Full Story |
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Markets | | | A major Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt rattled financial markets has called off the sale of a $2.6 billion stake in a subsidiary and has made no progress in selling other assets Read the Full Story |
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Tech | | | Former President Donald Trump says he’s launching a new media company with its own social media platform nine months after being expelled from social media for his role in inciting the Jan. 6 Capitol insurrection Read the Full Story |
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Stocks | | | As we head into earnings season again, one of the things investors are going to hear over and over again is how supply chain issues are impacting all different types of companies. These problems are a direct result of the pandemic and have put many businesses in a position where they are scrambling ... Read the Full Story |
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Cruise ship operator Norwegian Cruise Lines (NYSE: NCLH) stock has been steadily climbing since its pandemic lows were hit in 2020. The Company plans to have 75% of its fleet operating by January 2022 and expects that to rise to 100% by April 2022. The Company is seeing the result of the pent-up d... Read the Full Story |
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Markets | | | We called out Verizon a few weeks ago has a high yield stock that just went on sale. A downgrade from Barclays on a diminished outlook sent the stock down to an 18-month low that now, in hindsight, looks like a class-A buying opportunity. Read the Full Story |
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Enterprise server and services giant Hewlett Packard Enterprise Company (NYSE: HPE) stock is benefitting from the reopening trend as workers return to offices. The enterprise-focused IT provider is a benefactor of the reopening trend as organizations no longer see digital transformation as an opti... Read the Full Story |
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Markets | | | We called a bottom for Brinker International following the last earnings report but that was before the company caught COVID. The company missed the consensus estimate for calendar Q2 by a slim margin but produced a high 20% growth rate versus the two-years ago period. Read the Full Story |
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The Early Bird Stock Of The Day Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service. The company provides various tiers of digital video programming and audio services, as well as digital video recorders and multimedia home gateway systems; Horizon 5, a cloud-based, multi-screen entertainment platform that combines linear television, including recording and replay features and video-on-demand services; Horizon Go, an online mobile app; and channels, including general entertainment, sports, movies, series, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels. In addition, it offers postpaid and prepaid mobile services; circuit-switched telephony services; and personal call manager, unified messaging, and a second or third phone line at an incremental cost. Further, the company offers business services comprising voice, advanced data, video, wireless, cloud-based services, and mobile and converged fixed-mobile services to small or home offices, small businesses, and medium and large enterprises, as well as on a wholesale basis to other operators. It operates in Belgium, Switzerland, Ireland, Slovakia, and internationally. Liberty Global Ltd. was founded in 2004 and is based in Hamilton, Bermuda. | | View Today's Stock Pick |
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