Good MorningEquities continued their back-and-forth action on Wednesday with the markets rebounding more than 1.5% at the high of the day. The bad news is that those highs failed to hold and price action was ultimately bearish. The rise of the new OMICRON COVID variant has thrown a new twist into the earnings outlook and it is not a good one. With supply chains already struggling from the last series of economic shutdowns, any disruption could be the one to bring the entire system to a halt.
On the economic front, the ADP Employment report came in better than expected but was offset by a downward revision to the previous month. Regardless, the ADP figure is in line with the expectation for Friday’s NFP report and a welcome sign of strength. The market may correct but, if it does, it will be a buying opportunity for long-term investors.
Featured: Small Biotech Could Soar 1,000% (BehindtheMarkets) 
|
Stocks | | |
Digital advertising platform The Trade Desk (NASDAQ: TTD) is exhibiting a potentially constructive formation after a big move in November.After jumping sharply higher, many stocks move sideways as big institutions hold their newly purchased shares without making big additions. That's exactly what ... Read the Full Story |
|
|
Politics | | | Global stocks and Wall Street futures were mixed Thursday as traders tried to figure out the potential impact of the latest coronavirus variant.
London and Frankfurt opened lower and Shanghai and Tokyo fell. Hong Kong advanced.
It is unclear whether omicron is more dang... Read the Full Story |
|
Politics | | | OPEC and allied oil-producing countries meet Thursday under the spikey shadow of a new COVID-19 threat, with uncertainty over the omicron variant's impact on the global economic recovery hanging over their decision on how much oil to pump to a world paying more for gasoline.
Officials... Read the Full Story |
|
From Our PartnersA popular Seattle cannabis manufacturer recently announced the roll-out of an all-new line of premium infused edibles, marketed under the brand name "Goodies." Hand-crafted, gluten-free and using all-natural ingredients, the candies and caramels contain micro-dose servings of just 5-mg THC for a controlled, measured experience. | | Get a FREE report on new pot stock blockbuster |
|
Stocks | | |
Uranium refiner Centrus Energy (NYSEAMERICAN:LEU) is finding support near its 50-day moving average after pulling back from a November 12 high of $88.88.
It’s gotten a boost as uranium spot prices have risen in the past seven months.
The company reported its third-quarter on No... Read the Full Story |
|
Tech | | | China’s aviation regulator cleared the Boeing 737 Max on Thursday to return to flying with technical upgrades more than two years after the plane was grounded worldwide following two fatal crashes, a news outlet reported.
Chinese pilots will need to complete new training before commer... Read the Full Story |
|
From Our PartnersWhen scientists discover new biotechnology...
It gives investors the chance to get in early on companies that will revolutionize the world...
Don't miss this chance to find out...
Click here to get an early look into the next biotech giant. | | Click here to get an early look into the next biotech giant.
|
|
Markets | | | The European Union drug regulator said Thursday it has started a rolling review of a new coronavirus vaccine made by French startup Valneva, the first step toward giving the vaccine the green light to be used in the 27-nation EU.
Approval by the European Medicines Agency would add ano... Read the Full Story |
|
Tech | | | They come with eagle-eyed drones and high-precision instruments. Aided by satellites, they analyze gas emissions and the flows of molten rock. On the ground, they collect everything from the tiniest particles to “lava bombs” the size of watermelons that one of nature's most powerful forces hurl as i... Read the Full Story |
|
Markets | | | Enterprise data storage solutions provider Pure Storage, Inc. (NYSE: PSTG) stock has been rallying to yearly highs on the heels of its Q3 2021 earnings report and raised guidance. The post-pandemic surge in both top and bottom line vindicate its strategy. The Company enjoys much acclaim as a leading... Read the Full Story |
|
Markets | | | We’ve had some interest in Patterson Companies, Inc (NASDAQ: PDCO) because of its high yield, its value, and its position within the market. There is nothing exciting about dental or animal health but it is a steady business and one supported secular trends. Read the Full Story |
|
Stocks | | | It was no surprise for G-III Apparel (NASDAQ: GIII) to have a strong quarter because the entire retail sector showed strength in this reporting cycle. It was a surprise to see price action make such an abrupt about-face after gapping up at the open and then moving higher in early trading. Read the Full Story |
|
The Early Bird Stock Of The Day Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income markets, as well as invests in real estate and private equity. Janus Henderson Group plc was founded in 1934 and is based in London, United Kingdom with additional offices in Jersey, United Kingdom and Sydney, Australia. | | View Today's Stock Pick |
|
