Good MorningEquities ended the last week on mixed footing following a round of mixed economic data and a spike in U.S. bond rates. On the economic front, reads on the consumer, manufacturing, and housing were all weaker than expected although most were positive for the month. The data casts a shadow on the economic reopening and has the market set up for losses should the trend continue. In regards to bonds, the yield on the 10-year treasury pulled back from its high on Friday but remains elevated on track to post new highs this week.
This week’s action will be dominated by economic data and news out of Washington. There is a slew of important data points due out this week including the monthly read on core consumer inflation. Core inflation has been edging higher over the past few months and is expected to have edged higher again in February. The risk is that inflation will rise quicker than the market can digest and renew fears of FOMC tightening.
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Markets | | You see, it is not the analysts who matter so much as the traders who follow them, and when the analyst’s consensus sentiment towards a stock is improving it can be a powerful tailwind for share prices. Read the Full Story |
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From Our PartnersPresident Biden is set to sign a policy into law no later than April 30th... And three of the world's richest men are going "all-in" to prepare for this event by plowing $26 Billion into a tiny corner of the market. What do they know that you don't? | Details here. |
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Markets | | Cryptocurrency mining equipment maker Canaan (NASDAQ: CAN) stock has exploded in 2021 as traders piled into this stock with the surge in Bitcoin (BTC) and cryptocurrency prices. Unlike bitcoin miners like Marathon Patent Group (NASDAQ: MARA) and Riot Blockchain (NASDAQ: RIOT), Canaan primarily manuf... Read the Full Story |
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Politics | | Asian shares are trading mixed, as sentiment was shaken by the U.S. Federal Reserve’s announcement that it will end some of the emergency measures put in place last year to help the financial industry deal with the pandemic Read the Full Story |
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From Our PartnersJoel Litman's L.O.C.K. system has a history of spotting winners and losers - long before the mainstream media. Like when it predicted the rise of AMD, RingCentral and Square. Or when it spotted the March 2020 crash - a month early. Now it says a massive market shift could be coming - as soon as April. And most Americans are woefully unprepared. | Click Here Now! |
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Stocks | |
ESG Is A Hot Ticket, Even For Penny Stocks
ESG investing has been gaining importance over the years and making big headlines lately so we decided it was time to delve into the world of ESG penny stocks. Today’s lineup includes four company’s whose green-focused businesses are st... Read the Full Story |
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Stocks | |
When The Market Tide Is Rising All Ships Move Higher
It is true that when the market tide is rising, all ships move higher. What is not true is that all stocks within a group are worth your investment in such conditions. That’s why it pays to follow the money and see where it goes. No... Read the Full Story |
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Markets | | Penn National Gaming (NASDAQ: PENN) was one of the hottest stocks to own as markets recovered from last year’s COVID induced selloff and for many is still just as attractive now. Casinos and racetracks were among those industries on the frontline against the pandemic so unsurprisingly Penn sha... Read the Full Story |
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Markets | | AstraZeneca says its COVID-19 vaccine provided strong protection against sickness and eliminated hospitalizations and deaths from the disease across all age groups in a late-stage study in the United States Read the Full Story |
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Markets | | Ikea’s French subsidiary and several of its executives are set to go on trial Monday over accusations that they illegally spied on employees and customers.
Trade unions reported the furniture and home goods company to French authorities in 2012, accusing it of collecting personal data... Read the Full Story |
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Tech | | The new head of the Small Business Administration says she expects to make changes at the agency that she says will enable it to further help small companies devastated by the COVID-19 pandemic.
In an interview with The Associated Press on Friday, two days after she was sworn in, Isab... Read the Full Story |
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Politics | | Regulators amid much fanfare in early 2020 approved two cannabis lounges in Alaska, making it one of the few states where customers would be allowed to use marijuana at retail pot shops.
Then the pandemic hit.
One of the sites opened briefly in Ketchikan in October, nea... Read the Full Story |
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The Early Bird Stock Of The Day Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia. In addition, the company is involved in the electricity generation, wholesale energy purchases and sales, commodity risk management, fuel production, and fuel logistics management activities. It serves approximately 4 million customers with a generation capacity of approximately 37,000 megawatts with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. The company was formerly known as Vistra Energy Corp. and changed its name to Vistra Corp. in July 2020. Vistra Corp. was founded in 1882 and is based in Irving, Texas. | View Today's Stock Pick |
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