Good MorningThe equities markets edged higher again on Friday to round out a generally upbeat week. Although there are still risks to the market it seems as if the worst of the COVID pandemic could be behind us. Not only is the number of daily new cases hitting new lows every day the rate of new cases is the lowest it’s been since early November. The decline in COVID cases is helping to bolster what is fast becoming a bright outlook for 2021 earnings following a week filled with better than expected earnings results and upwardly revised guidance.
On the economic front, the January non-farm payrolls report was a little weaker than expected but the balance of the labor data is positive. Data from the ADP report on employment to the Challenger report on layoffs point to the same thing; stabilization within the labor market. The key takeaways for the week are that unemployment fell another 4 tenths to 6.3% while plans for hiring and job availability trend near record highs.
Featured: The Top 5 Stocks to Invest in for New Year 2021 (Main Street Alerts) 
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Stocks | | |
Over time a stock's price can run up into the hundreds of dollars if things are going well. Many companies opt to enact a stock split that reduces the share price and makes it more accessible to retail investors. Other companies prefer to leave their share price high often to induce the perception... Read the Full Story |
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From Our PartnersThe firm that called the EXACT PEAK of the dot-com boom has just issued another major prediction.
If you’ve got money invested in the market – and especially in popular tech stocks – this is critical information for the days ahead… | | | | Watch this leaked video before it's removed |
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Markets | | | The world’s largest cinema operator AMC Entertainment (NYSE: AMC) stock has been on a rollercoaster ride in 2021 as a “meme” stock following on the coat tails of GameStop (NYSE: GME). There have been numerous stories idealizing the stock as a stronghold in the battle between the ma... Read the Full Story |
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Stocks | | |
The S&P Small Cap 600 index is already up 10.7% this year compared to a 3.1% return for the large cap S&P 500. This disparity is partly due to the fact that Gamestop is a member of the S&P 600—and despite its recent plunge is still up 200% year-to-date.
But there have been some ... Read the Full Story |
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From Our PartnersA couple of years ago, we started playing with the massive amounts of data that MarketBeat takes in everyday trying to figure out if there was a way to identify short-term trading wins. By analyzing earnings data, news sentiment, analyst recommendations, insider transactions and dozens of other data points, we think we’ve found an algorithm that finds winning short-term stock ideas.
We call that algorithm the IdeaEngine and its stock ideas are published on MarketBeat All Access every Monday morning. We make one IdeaEngine idea available free every Monday as an SMS alert. We’ll be releasing the first IdeaEngine alert on Monday morning, so make sure you are signed up before then. | | Get MarketBeat’s Free Weekly IdeaEngine Stock Pick |
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Markets | | | The Best Buy (NYSE:BBY) story is one that is fast becoming a signficant theme for Wall Street stocks. The company which was ailing in the years going into the pandemic is emerging from the crisis stronger and in a better position. Read the Full Story |
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Politics | | | SEOUL, South Korea __ South Korea's capital says it will give pet dogs and cats free coronavirus tests if they come into contact with infected humans and show symptoms.
Seoul official Park Yoo-mi told an online briefing that pets found infected with the virus must be quarantined at th... Read the Full Story |
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Tech | | | Japanese telecommunications and technology conglomerate Softbank Group Corp. is reporting a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value Read the Full Story |
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Markets | | | Global shares mostly rose Monday, echoing the rally on Wall Street last week, with Japan's benchmark reaching a three-decade high on growing optimism over the global economy.
France's CAC 40 added 0.5% in early trading to 5,688.63, while Germany's DAX added 0.7% to 14,153.47. Britain... Read the Full Story |
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Markets | | | VIENNA — Schools, shops, hairdressing salons and museums are reopening in Austria after the country’s third lockdown, but concerns linger about infection rates and the spread of new coronavirus variants.
The relaxation of measures taking effect Monday is far from complete. People goin... Read the Full Story |
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Politics | | | Pope Francis is urging governments to use the coronavirus crisis as a revolutionary opportunity to create a world that is more economically and environmentally just, and where basic health care is guaranteed for all Read the Full Story |
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Markets | | |
As the saying goes "cash is king". And sometimes investing in companies that hold a lot of cash can lead to some royal gains. This is often because companies with solid underlying cash flow typically have strong operating models.
Also, companies with large cash positions have the flexibility to p... Read the Full Story |
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The Early Bird Stock Of The Day IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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