Good MorningThe broad market S&P 500 rallied nearly 3.0% on Monday after economic indicators came in hotter than expected. On the manufacturing front, the ISM gauge of manufacturing came in at 60.8% and nearly 2% better than expected while on the housing front, a 1.7% increase in construction spending was more than double the consensus. Adding fuel to the fire? The rate on the ten-year treasury pulled back from last week’s high as fears of inflation begin to subside.
The big risk for the market this week is the nonfarm payroll report. The market is expecting an increase of 218,000 and the number could be far larger than that. A strong job number and, more specifically a hot wage figure, could renew fear of inflation and send the market hedging lower once again. Until then, investors should be prepared for more Fed-speak and the market volatility it induces.
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Politics | | President Joe Biden’s choice to head the Securities and Exchange Commission is coming before a Senate panel in a virtual hearing Tuesday as a roiling stock-trading drama spurs clamor for tighter regulation of Wall Street Read the Full Story |
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Stocks | |
Buying stocks that are either beaten down or have been largely underperforming the broader indices can be a tough pill to swallow for many investors. With so many new, innovative, and exciting companies to choose from in the market these days, it might be difficult to get overly excited about valu... Read the Full Story |
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Politics | | Global stock markets and Wall Street futures declined Tuesday after a selloff in U.S. Treasury debt eased, helping to allay concern about a possible rise in interest rates.
Tokyo, Shanghai and Hong Kong closed lower and Frankfurt retreated in early trading. London opened higher.
... Read the Full Story |
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From Our PartnersWarren Buffett recently dumped $800 million of Apple stock…
He’s now moved $3.8 BILLION in a tiny niche of the tech sector billionaires are flocking to… | | What does Buffett know? |
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Markets | | Stratasys (NASDAQ:SSYS) and the 3D printing stocks are having a resurgence this year. After being one of the hottest industries in the early part of last decade the group is enjoying a reunion tour to kick off this decade. Read the Full Story |
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Markets | | Workhorse Group (NASDAQ:WKHS) was one of more compelling electric vehicle (EV) plays that charged higher in the second half of last year. As traders clamored to get their hands on everything and anything EV-related Read the Full Story |
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Markets | | Target extended its strong sales streak through the holiday quarter and grabbed business from rivals.
Fourth quarter profits soared 66%, the retailer reported Tuesday, and sales jumped 21%, both topping Wall Street expectations.
Sales at stores opened at least a year ro... Read the Full Story |
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Politics | | German unemployment held more or less steady in February despite the impact of lockdown measures, according to official data released Tuesday. Extensive use of a short-term salary support program is still keeping the figures in check.
The unadjusted jobless rate, the headline figure i... Read the Full Story |
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Politics | | Global energy-related carbon dioxide emissions rose slightly in December compared with the same month of 2019, indicating the sharp drop seen due to the pandemic was short-lived.
Figures released Tuesday by the International Energy Agency show emissions from the production and use of ... Read the Full Story |
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Markets | | Smart connected device maker Arlo Technologies (NYSE: ARLO) stock has been largely “under the radar” as the turnaround takes shape. Arlo was spun off from NetGear (NASDAQ: NTGR) in 2018. Shares pretty much went straight down until bottoming out during the pandemic in March 2020. The Comp... Read the Full Story |
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Markets | | Hovnanian, Smaller Is Sometimes Better
Hovnanian (NYSE:HOV) is one of the smallest home builders on the market but not one that should be discounted. With building permits at a near-record and up 25.4% on a YOY basis it looks like every builder on the market is in for profits. That said, Hovnanian ... Read the Full Story |
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The Early Bird Stock Of The Day CF Industries Holdings, Inc., together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments. The company's principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. It also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products. The company primarily serves cooperatives, independent fertilizer distributors, traders, wholesalers, and industrial users. CF Industries Holdings, Inc. was founded in 1946 and is headquartered in Northbrook, Illinois. | View Today's Stock Pick |
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