Good MorningThe Dow Jones Industrials and the S&P 500 rose to record highs and yields on longer-maturity U.S. debt fell from more than one-year highs after the Federal Reserve continued to project near-zero interest rates at least through 2023 despite rising inflation concerns. Earlier in the session, the benchmark rate jumped to 1.689%, hitting a level unseen since late January 2020. The Nasdaq turned positive as well after the Fed comments shaking off earlier losses.
Fed Chairman Jerome Powell reiterated that the central bank wants to see inflation moderately above 2% and said the recent move higher in yields wasn’t disorderly. The Fed also upgraded its outlook for unemployment and inflation in the U.S. over the next several years. The rally may continue into Thursday trading as futures contracts tied to the major U.S. stock indexes rose in the overnight session Wednesday evening.
Featured: Forbes mag says this strategy "like finding money in the street" (Tradewins) 
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A year ago, going out to eat at a restaurant was an activity met with serious concern. With so many question marks about the pandemic and widespread efforts to maintain social distance, many of these businesses were put through the wringer and saw sharp declines in sales. This led investors to tak... Read the Full Story |
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From Our PartnersBy May 28th, Americans could be faced with a difficult choice: Accept a "Great Reset" and risk losing the American way of life... or stand up and fight back to save what's left of the American dream. Jeff Brown, member of a D.C.-based advocacy group, explains what every American must do before May 28th to preserve his assets and thrive. | | | | Read his full emergency briefing now |
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Politics | | | Dubai-based port operator DP World announced Thursday its profits slid 29% in 2020 from the previous year to $846 million, as the coronavirus pandemic froze supply chains and upended the world’s trade flows.
The port operator, which delisted from the stock exchange and returned to ful... Read the Full Story |
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Markets | | | Both Dollar General and Ollie’s Bargain Outlet Holdings are trading significantly lower in the last month. But with neither stock getting a bump from earnings, it’s a reasonable question to wonder which of the stocks represents a better value in a post-pandemic world. 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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Politics | | | Global stock markets rose Thursday and Wall Street futures were mixed after the U.S. Federal Reserve said its key interest rate would be kept near zero through 2023 even it forecast inflation picking up.
London and Frankfurt advanced in early trading while Shanghai, Tokyo and Hong Kon... Read the Full Story |
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Politics | | | Asian stock markets followed Wall Street higher on Thursday after the U.S. Federal Reserve said its key interest rate would be kept near zero through 2023.
Benchmarks in Shanghai, Tokyo and Hong Kong advanced. Sydney retreated.
The Fed's promise to keep rates near rock ... Read the Full Story |
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From Our PartnersDo you have money invested in the stock market? This is the can't miss interview of 2021. | | | | Click here to see it now! |
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Politics | | | Imported American beef in Japan has proved so popular it's topped the annual limits called “safeguards,” and the U.S. Meat Export Federation on Thursday urged Tokyo to raise the threshold.
Japan's import limit for American beef of 242,000 metric tons was reached in early March, and so... Read the Full Story |
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Markets | | | It’s safe to say that just about every adult in the U.S. is familiar with Avery Dennison’s (NYSE: AVY) labels that you can pick up at any office supply store.
But at a time when digital technology is revolutionizing essentially every industry, sticky labels are not exactly the growth dr... Read the Full Story |
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Politics | | | WARSAW, Poland — The number of people in Poland who do not turn up to receive a COVID-19 vaccine made by AstraZeneca ranges from over a dozen to a few dozen percent at some immunization centers, officials said Thursday.
The government official in charge of the vaccination program, Mic... Read the Full Story |
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Cintas Is The Best-In-Breed Play On Labor Market Strength
There are lots of ways to play the labor market but Cintas (NASDAQ: CTAS) is by far the best in the breed. The only problem with the stock is that is the best in the breed which means you pay a lot for what you get. The 35X ear... Read the Full Story |
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Markets | | | We've always had an attraction for Canadian cannabis company HEXO Corp (NYSE: HEXO) despite its small stature. It is a leading vertically-integrated brand but even so, its sales are a mere fraction of industry leaders like Aphria and Canopy Growth Corporation Read the Full Story |
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The Early Bird Stock Of The Day Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and monitoring, security, automation, energy efficiency, and smart control through smartphone app. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, and integrated apps; personal video recorders; linear and time-shifted programming; digital specialty channels; and 4K television programming. Further, it provides residential and small business local telephony services; voicemail, call waiting, and long distance; voice, data networking, Internet protocol (IP), and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology and network technologies; cable access network services; telecommunications technical consulting services; and season games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Additionally, the company owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN television networks, as well as 52 AM and FM radio stations. It also offers Rogers and the Rogers World Elite Mastercard. The company was founded in 1960 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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