Good MorningEquities markets pulled back on Monday despite movement on another $1.9 trillion in economic stimulus. House Democrats unveiled a new bill over the weekend that is expected to be fast-tracked through the full Congress before the end of March. In the bill are $1400 stimulus checks for most Americans, new relief for small businesses, and an increase in the national minimum wage to $15 an hour.
The tech-heavy NASDAQ Composite led Monday’s losses with a decline near -2.50% at the low of the session. Big tech names like Apple, Amazon, and Tesla were among the day's biggest decliners despite the positive impact another round of stimulus will bring. On the economic front, a better than expected 0.5% gain in the Index of Leading Indicators suggests the economic rebound continues to gain strength. Later in the week, reports on New Homes Sales, core inflation, and earnings could move the market.
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Tech | | | Global markets were mixed Tuesday after a sell-off of shares in technology companies on Wall Street.
France's CAC 40 edged 0.3% higher in early trading to 5,782.75, while Germany's DAX was little changed, up less than 0.1% at 13,953.13. Britain's FTSE 100 gained 0.5% to 6,646.83. U.S... Read the Full Story |
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From Our PartnersElon Musk's Tesla has soared 4,154% since its' IPO. And one well-respected research firm is saying my #1 stock pick for 2021 is "like investing in Tesla, only better!" Bill Gates sees the potential, too. He poured $301 million in venture capital into this company to help them develop their ground-breaking technology. And he snapped up 7 million shares once the company went public. | | Details here. |
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When investors hear the name 3M (NYSE:MMM) they often think of Scotch tape. Of course, the long-time Dow Jones Industrial Average member is far more. Today, the 120-year-old industrial conglomerate is comprised of many different business lines that serve diverse end markets globally.
There are se... Read the Full Story |
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Markets | | | Diversified electric vehicle (EV) products and fintech portfolio company Ideanomics (NASDAQ: IDEX) stock has been on a controversial run riding the electric vehicle (EV) revolution. The Company has been the subject of short-sellers claiming the Company as being more hype than substance. In addition ... Read the Full Story |
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From Our PartnersThe Uranium Bull Market has finally arrived and it could be one for the history books. Just like last time when we watched the uranium price shoot all the way to $140. In the immortal musings of all-time Yankee great, Yogi Berra, 'It's Déjà Vu All Over Again!' because this below-the-radar company has secured the fairway tract of land in the Saudi Arabia of Uranium - Canada's famed Athabasca Basin. | | Learn more here... |
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Stocks | | | Dish Network (NASDAQ:DISH) has been long-been on the losing side in the battle for TV viewership but the stock appears to have hit bottom in 2020. The company is still shedding viewers but rising prices have the company growing Read the Full Story |
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Markets | | | The housing market is extremely hot, one of the few economic bright spots for the U.S. economy, and Home Depot is in the middle of it, reporting sales exceeding $132 billion in 2020.
In the final quarter of the year, sales surged 25% and on Tuesday, the nation's biggest home improvem... Read the Full Story |
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Politics | | | BERLIN — Germany is extending strict checks on its borders with the Czech Republic and Austria’s Tyrol province until March 3.
The checks were introduced on Feb. 14 in a bid to reduce the spread of more contagious coronavirus variants that have taken hold in those areas. Germany is li... Read the Full Story |
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Politics | | | CAIRO - Egypt’s health ministry says the country has received a 300,000-dose shipment of the Sinopharm coronavirus vaccine donated by China.
It was the third vaccine shipment received by Egypt. In December, it received a 50,000 doses of Sinopharm and last month it got another 50,000 d... Read the Full Story |
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Politics | | | KABUL, Afghanistan — Afghanistan has begun administering a COVID-19 vaccine with a ceremony at the presidential palace.
Afghanistan received 500,000 doses of the Oxford-AstraZeneca vaccine from the government of India earlier this month. After the vaccine’s approval by the World Healt... Read the Full Story |
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Markets | | | Dorman Products Inc. (NASDAQ:DORM)is one of those company’s fundamental to an industry that you often hear nothing about. The company is a manufacturer and distributor of after-market automobile parts Read the Full Story |
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Markets | | | Republic Services (NYSE:RSG) reported its 2020 fourth quarter and full-year earnings. The company recorded a double beat with earnings per share (EPS) coming at $1.00 well above the 80 cents projected by analysts. Read the Full Story |
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The Early Bird Stock Of The Day LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. In addition, the company distributes recreational vehicle appliances and air conditioners, towing hitches, truck bed covers, vehicle protection products, marine electronics, cargo management products, wheels, tires, and suspension products. It serves collision and mechanical repair shops, and new and used car dealerships, as well as retail customers. The company operates in the United States, Canada, the United Kingdom, Germany, Belgium, the Netherlands, Luxembourg, Italy, the Czech Republic, Austria, Poland, Slovakia, Taiwan, and other European countries. LKQ Corporation was incorporated in 1998 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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