Good MorningThe equity markets continued to rebound on Wednesday on rising hopes that Congress will soon pass the next round of economic stimulus. Included in the $1.9 trillion price tag is another round of stimulus checks worth $5600 to a family of four. While much of the bill is focused on COVID-19 relief the CBO says at least half the spending will not get implemented until well after the crisis has passed. In COVID news, the number of daily new cases continues to trend lower and is now at the lowest levels since early summer 2020.
Traders on Thursday should be on alert for the latest read on jobless claims. The number of new jobless claims is expected to fall again and could far exceed the analyst’s estimates. With the spring season soon approaching and businesses eager to reopen hiring will likely pick up substantially over the next few weeks to two months.
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It always helps to take a high-level view of the major indices in the market during periods of market volatility and corrections. With plenty of tech stocks well off their 52-week highs and puzzling divergences appearing across the market, many investors are struggling to get a clear read on where... Read the Full Story |
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Markets | | | Special purpose acquisition company (SPAC) Churchill Capital Corp IV (NYSE: CCIV) stock has been a volatile, if not violent, rollercoaster ride. Shares shot up from $10 on speculation of a Lucid Motors reverse merger to peak at $64.8 Read the Full Story |
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Tech | | | China’s ceremonial legislature on Thursday endorsed the ruling Communist Party’s move to tighten control over Hong Kong by reducing the role of its public in picking the territory’s leaders.
The measure adds to a crackdown against a protest movement in Hong Kong calling for greater d... Read the Full Story |
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Markets | | |
I’m less interested in what numbers DocuSign (NASDAQ:DOCU) will report during its earnings presentation on March 11. I’m far more interested in whether the company will preview the new products it is scheduled to announce when it keynotes the Momentum 2021 conference on March 24.
DOCU... Read the Full Story |
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Politics | | | BERLIN — The head of Germany’s disease control agency says measures to prevent the spread of the coronavirus have saved more than 100,000 lives in the country since the start of the pandemic a year ago.
In a lecture Thursday to students at the Technical University of Munich, Lothar Wi... Read the Full Story |
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Politics | | | JERUSALEM — The Israeli military says it has vaccinated the vast majority of its soldiers, allowing the military to resume many of its normal operations.
The army announced Thursday that nearly 80% of its soldiers have either been vaccinated or recovered from COVID-19. It expects that... Read the Full Story |
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Politics | | | Greece’s prime minister has outlined a new 2.5 billion-euro ($3 billion) package of relief measures for businesses and workers affected by the coronavirus pandemic and related lockdowns.
Kyriakos Mitsotakis said Thursday the new stimulus package would provide relief for more than 500,... Read the Full Story |
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Politics | | | The European Medicines Agency was meeting Thursday to discuss whether Johnson & Johnson’s one-dose coronavirus vaccine should be authorized, a move that would give the European Union a fourth licensed vaccine to try to curb the pandemic amid a stalled inoculation drive.
The Amster... Read the Full Story |
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Stocks | | |
There's been a lot of buzz about the "Fourth Industrial Revolution" and what it could mean for investors. While it may sound like something dramatic developing across the world's factories, it relates to a broad scope of industries and technologies.
The Fourth Industrial Revolution is a melting p... Read the Full Story |
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Markets | | | Campbell Soup Company (NYSE:CPB) reported its fiscal 2Q earnings and shares are down because of it. In our view, this is setting an even more attractive entry for this steady, stable dividend payer and there are more reasons than one to want to own it. Read the Full Story |
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The Early Bird Stock Of The Day Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials segment offers ethylene, polyethylene, styrene, chlorinated derivative products, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride (PVC), epoxy specialty resins, and base epoxy resins and intermediaries, as well as chlor-alkali, such as chlorine and caustic soda. The Housing and Infrastructure Products segment provides residential PVC sidings; PVC trim and mouldings; architectural stone veneers; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. It offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. Westlake Corporation was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation operates as a subsidiary of TTWF LP. | | View Today's Stock Pick |
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