Good MorningEquities rebounded strongly on Thursday after lawmakers in Washington reached a deal to avert a government shutdown. The deal extends the debt ceiling limit to December but does little to fix the underlying issues. Investors should expect this issue to rear its ugly head again in a few months.
Today’s news will be dominated by the Non-farm payrolls report. The report is expected to show 500,000 net new jobs were created in September and the figure could be much higher. With 6 million unemployed recently falling off the unemployment roll there is a chance the NFP could be in the millions. If so, investors should expect to see the S&P 500 rally strongly to new all-time highs.
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Politics | | | Global stock markets rose as investors waited for U.S. jobs data Friday that might influence a Federal Reserve decision on when to roll back stimulus after lawmakers averted a possible government debt default.
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced.... Read the Full Story |
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Politics | | | Asian stocks were mixed as investors waited Friday for U.S. jobs data that might influence a Federal Reserve decision on when to roll back stimulus after legislators in Washington averted a possible government debt default.
Market benchmarks in Shanghai, Tokyo and Sydney advanced. Hon... Read the Full Story |
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Markets | | | An energy crisis is looming over India as coal supplies grow perilously low, adding to challenges for a recovery in Asia’s third largest economy after it was wracked by the pandemic.
Supplies across the majority of coal-fired power plants in India have dwindled to just days worth of ... Read the Full Story |
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Markets | | | Shares of Napco Securities Technologies (NASDAQ: NSSC) are trading in a choppy fashion below their September 15 high of $45.48. The stock jumped nearly 16% higher on September 13, following the company's fourth-quarter earnings report. Read the Full Story |
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Politics | | | The Senate has dodged a U.S. debt disaster, voting to extend the government’s borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans.
The party-line Democratic vote of 50-4... Read the Full Story |
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Markets | | | Investigators searching for the cause of an oil pipeline break off the Southern California coast have pointed to the possibility that a ship anchor dragged the line across the seabed and cracked it, but two videos released so far provide only tantalizing clues about what might have happened 100 feet... Read the Full Story |
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U.S. based luxury electric vehicle (EV) maker Lucid Motors (NASDAQ: LCID) stock has seen a resurgence as it ups the delivery date for its Dream EV to the end of October 2021. Shares collapsed to a low of $16.12 on the first lock-up expiration on Sept. 1, 2021 on dilution fears for the former speci... Read the Full Story |
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Li-Cycle (NYSE: LICY) isn’t your ordinary electric vehicle play. It’s not an auto manufacturer or a charging station company. It’s not even a lithium miner or an EV battery maker. We’re getting closer though.
With the world speeding toward the electrification of transporta... Read the Full Story |
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Markets | | | Steel producer Cleveland Cliffs (NYSE: CLF) stock has been down trending in recent weeks despite record top-line growth and global steel demand post-pandemic. A continued pullback can provide prudent investors with a bargain entry opportunity especially ahead of the infrastructure bill. The global d... Read the Full Story |
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Helen of Troy Is Ready To March Higher
Shares of Helen of Troy (NASDAQ: HELE) are up more than 5% after the company revealed it dodged a bullet. The EPA took offense at some packaging late last year and that impacted the company's operations. Not only were sales impacted but higher costs were inc... Read the Full Story |
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The Early Bird Stock Of The Day-inc-logo.jpg) ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China. | | View Today's Stock Pick |
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