Good MorningEquities fell on Thursday in response to rocketing interest rate expectations. The NASDAQ led the decline with a loss near 3.0% while the S&P 500 and Dow Jones shed less than half that amount. The yield on the ten-year treasury jumped above 1.70% for the first time since January 2020 and it looks like it will go higher. This is bad news for high-growth names because it makes borrowing money to fund growth more expensive and could send the NASDAQ Composite tumbling.
The next big hurdle for the market will be next week with the release of key data points. Among them are the February reads of personal income, spending, and core inflation. If core inflation continues on its upward trajectory it could reinforce the idea of FOMC tightening and help drive the markets lower over the coming months
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In sharp contrast to much of the last ten years, value appears to be in and growth out. With the performance of value stocks distancing itself from that of growth stocks in recent weeks, many investors are scrambling to reposition their portfolios to have more of a value bent.
Many value stocks h... Read the Full Story |
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If my headline confuses you, then you’re probably thinking clearly about Sundial Growers (NASDAQ:SNDL). The cannabis stock has been the target of attention from retail investors. SNDL stock has charged ahead 180% after getting the GameStop (NYSE:GME) treatment. But the stock has fallen about... Read the Full Story |
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Politics | | | Global stock markets followed Wall Street lower on Friday after rising U.S. bond yields dampened buying enthusiasm driven by the Federal Reserve's promise of low interest rates.
London and Frankfurt opened lower and Shanghai, Tokyo and Hong Kong also retreated.
Overnigh... Read the Full Story |
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Even though you might be thinking that housing activity is cooling down a bit after a big run over the last year, there’s still plenty of reasons to believe that the homebuilders are great stocks to own at this time. Although things like rising lumber costs and higher interest rates should n... Read the Full Story |
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Politics | | | The Philippines has reported its highest-ever daily jump in COVID-19 cases at more than 7,100 as officials shut down movie houses, video game arcades and cockfighting arenas anew amid an alarming surge in infections Read the Full Story |
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From Our PartnersWith industry veterans on board and a unique strategy that could position the company to becoming the premium cannabis brand in Canada, this small-cap player looks on the verge of being discovered! | | | | Continue Reading |
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Politics | | | COPENHAGEN, Denmark — Denmark is opening up a bit more, allowing upper school classes and vocational education to return to classes if there is no local outbreak, and increasing the number of people who can gather outdoor to 10, up from five.
At the same time, the ceiling for people w... Read the Full Story |
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Politics | | | SARAJEVO, Bosnia-Herzegovina — Authorities in the Bosnian capital of Sarajevo have implemented lockdown measures to counter soaring coronavirus infections.
The Sarajevo government said a nighttime curfew will start on Friday, from 9 p.m. until 5 a.m.
All bars and resta... Read the Full Story |
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Politics | | | BERLIN — Germany is resuming vaccinations with the coronavirus vaccine made by AstraZeneca, following a recommendation by European regulators that the benefits of the shot outweigh the risks.
The European Medicines Agency had said Thursday that it can’t rule out a link between the vac... Read the Full Story |
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Markets | | | Solar energy solutions provider SunPower (NASDAQ: SPWR) stock has been a pandemic winner in 2020 hitting multi-year highs of $57.52 in January 2021 before plummeting by more than half to lows of $27.39 by March. Read the Full Story |
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Stocks | | | California-based electric vehicle (EV) manufacturer Canoo Holdings Ltd. (NASDAQ: GOEV) stock has been selling off after it completed its reverse merger business combination with Hennessy Capital Corporation. Read the Full Story |
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The Early Bird Stock Of The Day Marker Therapeutics, Inc., a clinical-stage immuno-oncology company, engages in the development and commercialization of novel T cell-based immunotherapies for the treatment of hematological malignancies and solid tumor indications. Its multi tumor associated antigen-specific T cell technology is based on the manufacture of non-engineered tumor-specific T cells that recognize multiple tumor-associated antigens. The company also develops MT-401-OTS for the treatment of acute myeloid leukemia; and MT-601 to treat lymphoma and pancreatic cancer. Marker Therapeutics, Inc. is headquartered in Houston, Texas. | | View Today's Stock Pick |
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