Good MorningEquities were mostly flat on Monday with traders on alert for this week’s round of economic data. Top of the list is the Retail Sales figure due out today but there are several reports of interest. Retail sales are expected to accelerate to 1.5% from last month’s 0.7% but still trail the 6.2% increase in consumer prices as indicated by the CPI data.
Later this week, traders will be on the watch for reads on housing starts and building permits as well as the Index of Leading Indicators. All three data points are expected to accelerate from the previous month as well and could move the market. The risk for traders is that supply chain hurdles and lack of materials could cut into economic activity. If so, the outlook for earnings in the 4th quarter could begin to deteriorate.
Featured: Are These 3 Stocks in Your Portfolio? (ProTrading Research MMP) 
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Progress Software (NASDAQ: PRGS), which is on the cusp between small- and mid-cap, is getting support at its 10-day line following a 15% gap higher after its last earnings report.
The Bedford, Massachusetts company specializes in software development and deployment platforms for business ap... Read the Full Story |
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Politics | | | Asian stock markets rose Tuesday after President Joe Biden and China's Xi Jinping held a summit meeting by video link.
Shanghai, Tokyo and Hong Kong, which make up the bulk of the region's market value, advanced. Seoul and Sydney declined.
Wall Street's benchmark S&... Read the Full Story |
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Politics | | | Asian stock markets rose Tuesday as President Joe Biden and China's Xi Jinping held a summit meeting by video link.
Market benchmarks in Shanghai, Tokyo and Hong Kong advanced. Sydney fell.
Wall Street's benchmark S&P 500 index lost less than 0.1% as makers of house... Read the Full Story |
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From Our PartnersIf you’ve sat on the sidelines, get ready for the next big crypto prediction. Learn more. | | | | Continue Reading |
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Politics | | | Global stocks were mixed Tuesday after President Joe Biden and China's Xi Jinping held a summit meeting by video link.
Tokyo, Hong Kong and Frankfurt advanced, while Shanghai declined. London and Wall Street futures were little-changed.
Biden and Xi announced no agreeme... Read the Full Story |
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Markets | | | Much like the holiday season, when earnings season rolls around things can get a little crazy. A steady flow of quarterly reports brings a mix of jubilant cheer and anguished stress. Third quarter earnings season hasn’t been any different. Read the Full Story |
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Stocks | | | One of the biggest reasons why investing is so exciting is the fact that there is no shortage of newly public companies to choose from. These debuts are always intriguing since no one knows how the market will actually value the shares after the stock starts trading. With that said, there are plenty... Read the Full Story |
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Markets | | | Home Depot's sales continued to climb through third quarter with the U.S. housing market red hot.
Revenue rose 9.8% to $36.82 billion, exceeding the $34.97 billion Wall Street had expected, according to a survey by Zacks Investment Research. Sales at stores open at least a year, a ke... Read the Full Story |
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Markets | | | Australia’s central bank governor says the nation’s benchmark interest rate could remain at a record low until 2024 despite pandemic-induced inflation.
The Reserve Bank of Australia board has said it won’t lift the cash rate until inflation settles in a target range of 2%-to-3%, Gove... Read the Full Story |
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Markets | | | As surprising as it may sound, Tyson Foods (NYSE: TSN) may be a hedge against the rising tide of consumer inflation. Call it a stretch, but the company is part of the infrastructure of American food and thereby qualifies as a real asset, at least to some degree. Read the Full Story |
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Stocks | | | Advance Auto Parts (NYSE: AAP) isn’t a high-yielding stock or even that close to becoming a Dividend Aristocrat but there is a story here we think dividend-growth investors will be interested in. The company has been working hard over the past few years to improve its balance sheet and the balance sheet is now a fortress. Read the Full Story |
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The Early Bird Stock Of The Day Stantec Inc. provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions. The company also provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics. In addition, it offers planning and design services to clients in residential, logistics, retail, infrastructure, energy, higher education, and urban regeneration sectors; architectural and interior design, and planning services in the science and technology, commercial workplace, higher education, residential, and hospitality markets. Further, the company provides transportation advisory, transport engineering, and technical design; project delivery consultancy services for mining, resources, and industrial infrastructure projects; paleontological and archaeological services for the rail, transportation, water, and power and energy sectors; and environmental and cultural resource compliance services. Additionally, it offers consulting services in sustainable building design, energy infrastructure upgrades, sustainable district heating network, and e-mobility; and planning, design, construction administration, commissioning, maintenance, decommissioning, and remediation services. The company was formerly known as Stanley Technology Group Inc. and changed its name to Stantec Inc. in October 1998. Stantec Inc. was founded in 1954 and is headquartered in Edmonton, Canada. | | View Today's Stock Pick |
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