Good MorningInvestors were optimistic on Monday as peak earnings season continues to wear on. With roughly 40% of the S&P 500 reports in the bag, the results are better than expected. Nearly 80% of the companies that have reported have beaten their consensus targets putting the index on track to post positive earnings growth for the quarter. This week investors will be on the lookout for reports from Alphabet, Amazon, Exxon, Pfizer, and Chipotle Mexican Grill.
The NASDAQ Composite led Monday’s rally with a gain near 3.0%. The tech-heavy index was boosted by 4.0% gains in both Amazon and Google which surged in anticipation of strong results. Elsewhere in the market, gains were supported by a new report from the CBO. The CBO says economic activity is rebounding faster than expected and will regain its pre-pandemic levels in mid-2021. As bullish as the data is, the new figures do not include additional stimulus which that would only brighten the outlook.
Featured: If You're Holding Cash Like Many Americans... Don't! (IPM) 
|
Markets | | | AbbVie (NYSE:ABBV) will report earnings before the market opens on February 3, 2021. The biopharmaceutical giant is expected to post earnings per share and revenue that mark both a sequential and year-over-year gain Read the Full Story |
|
From Our PartnersThe clock just started on the biggest financial event in 20 years. Fortunes will be made and lost in 2021. | | | | Here’s how to prepare. |
|
Markets | | | Global stock markets rose Monday after coronavirus vaccine maker AstraZeneca agreed to increase supplies to Europe amid rising worries about the disease.
London and Frankfurt opened higher while Shanghai and Tokyo also advanced.
U.S. futures were higher following Friday... Read the Full Story |
|
Stocks | | | Worldwide vehicle parts manufacturer Magna International (NYSE: MGA) stock has benefitted from the electric vehicle (EV) momentum lead by first movers like Tesla (NASDAQ:TSLA) and into the legacy U.S. automakers like Ford (NYSE: F) and General Motors (NYSE: GM). Read the Full Story |
|
From Our PartnersThis obscure small cap 5G stock has partnered with AT&T, Verizon, T-Mobile and Sprint. Its technology is protected by 79 patents. It counts the U.S. Army and Department of Homeland Security as customers.
And it's expected to SKYROCKET. | | Get the scoop here... |
|
Stocks | | |
With volume in the iShares Silver Trust ETF (NYSEARCA:SLV) seeing one of its biggest days ever in Monday’s trading session and a recent surge in the price of silver to the highest levels since February 2013, this precious metal has quickly become a focus for both traders and investors alike.... Read the Full Story |
|
Politics | | | Companies that are part of HNA Group, a Chinese conglomerate that says creditors want it declared bankrupt after a global acquisition spree, want to recover as much as $15 billion that might have been paid out improperly to major shareholders or to other companies Read the Full Story |
|
From Our PartnersIf you thought the store closures and bankruptcies in 2020 were surprising... you haven't seen anything yet.
Something much bigger is just around the corner. | | See it HERE. |
|
Politics | | | The unemployment rate was steady at 8.3% in December in the 19 countries that use the euro, as government support programs aimed at getting the economy through the pandemic continue to hold down layoffs — for now.
The jobless figure published Monday by the EU's statistics agency is u... Read the Full Story |
|
Politics | | | President Joe Biden is set to meet Monday with a group of 10 Republican senators who have proposed spending about one-third of the $1.9 trillion he is seeking in coronavirus aid, though congressional Democrats are poised to move ahead without Republican support.
An invitation to the W... Read the Full Story |
|
Politics | | | India’s government has proposed to increase spending on health care in a $477 billion budget for 2021-22 that promises extra help for weathering the coronavirus pandemic.
India is in its worst economic slowdown in a decade. The budget proposal presented to parliament by Finance Minis... Read the Full Story |
|
Markets | | | International payments facilitator MoneyGram International (NYSE: MGI) stock has arisen from the ashes as a turnaround play outperforming the year-to-date (YTD) performance of the benchmark S&P 500 index (NYSEARCA: SPY). Read the Full Story |
|
Markets | | | Not only that but the auto market is also shifting to smart cars, electric vehicles, and autonomous driving which are all chip-heavy avenues of growth. And this can all be seen in results from ON Semiconductor (NASDAQ:ON), Read the Full Story |
|
The Early Bird Stock Of The Day Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; and OVJP, an organic vapor jet printing technology. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products; and contract research services in the areas of chemical synthesis research, development, and commercialization for non-OLED applications, as well as engages in the intellectual property and technology licensing activities. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey. | | View Today's Stock Pick |
|
