Good MorningEquities rebounded on Thursday but the move was small and traders are cautioned not to read too much into the move. Price action remains bearish in the wake of the October CPI report and suggests a deeper decline is in store for the market. The broad market S&P 500 is already down a full percent from the recently set all-time high and could easily fall another 2.0% before hitting the first significant target for support.
That target is at the short-term moving average, near 4,565, but there is no guarantee the market will halt its decline there. With inflation accelerating to new highs and no end in sight for the trend the market could correct a full 10% to 20%. Today’s action will be telling. If the market moves lower and ends the week at the low of the period next week’s action could bring even more selling.
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Markets | | | Investors that prefer to uncover oversold laggards have many tools at their disposal both fundamental and technical. One of the best ways to determine which stocks are oversold is the relative strength indicator, or RSI. Read the Full Story |
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Markets | | | SoFi Technologies (NASDAQ:SOFI) stock jumped over 13% after posting strong earnings after the market closed on November 10. The fintech company posted negative earnings per share of five cents which was a significant beat over expectations for a 14-cent per share loss. Read the Full Story |
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Stocks | | | he brightest businesses in the industry are set to flourish in the coming years, and it’s easy to support companies with products and services that are helping to make the world a better place.
Here are 3 clean energy stocks with clear upside to consider buying now:
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Tech | | | Chinese shoppers spent $139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though consumer spending slowed amid economic uncertainty during the coronavirus pandemic Read the Full Story |
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Markets | | | Descartes Systems (NASDAQ: DSGX) was trading higher Thursday as shares of the supply-chain management software maker continued working on a flat base. The Canada-based company offers solutions for the shipping-industry customers to better communicate with each other. Read the Full Story |
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From Our PartnersIf you think what happened in the first phase of the pandemic was shocking, brace yourself for what's coming next. Financial Pandemic 2.0 is likely to strike with even greater speed and force than 1.0. And this time, even the rich will take a hit. But, you can turn this crisis into an opportunity to swiftly build your wealth. Just follow these seven simple steps. | | To find out more, go here now |
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Markets | | | The thought of adding travel stocks to your investing plans probably sounded like a risky idea back in 2020, given how the entire industry faced so much uncertainty. The pandemic put a major dent in most people’s travel plans and has certainly caused lingering impacts, yet things might start t... Read the Full Story |
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Markets | | | Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business.
The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name, the compa... Read the Full Story |
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Markets | | | British-Swedish pharmaceutical company AstraZeneca said Friday that it will start to book a modest profit from its coronavirus vaccine as it moves away from the nonprofit model it has operated during the pandemic.
In a third-quarter update, the company said it is “now expecting to pro... Read the Full Story |
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Politics | | | Negotiators at this year’s U.N. climate talks in Glasgow appeared to be backing away from a call to end all use of coal and phase out fossil fuel subsidies completely, but gave poor countries hope for more financial support to cope with global warming.
The latest draft proposals from ... Read the Full Story |
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Tech | | | Embattled Japanese technology conglomerate Toshiba said Friday it is restructuring to improve its competitiveness, spinning off its energy infrastructure and computer devices businesses.
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The Early Bird Stock Of The Day RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. It distributes products and services primarily through intermediaries. The company invests in and manages funds. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda. | | View Today's Stock Pick |
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