Good MorningThe sell-off in equities deepened on Thursday after comments from Fed Chairman Jerome Powell spooked the market. According to Powell, there is every to think job creation will pick up and that inflation may spike in the early stages of the reopening. The broad market S&P 500 shed more than 2.0% in the wake of the news but was able to pull back and close above the low of the day. The tech-heavy NASDAQ Composite also fell more than 2.0% before it too bounced off the day's low. The Blue Chip Dow Jones Industrial Average suffered much smaller losses.
The real test for the markets may come on Friday. The February non-farm-payrolls report could be a shocker and get the market really moving. The consensus estimate is a relatively-strong 210,000 new jobs, if the number is significantly above that it will reinforce the fear of inflation and rising interest rates.
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$1 Clean-Energy Stock Set for 10X Gains Under Biden's Mandate (Resource Stock Digest) 
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Tech | | | World shares and U.S. futures fell Friday after surging U.S. bond yields renewed selling pressure on high-flying technology companies.
European shares opened lower, with the DAX in Germany down 0.8% at 13,938.31. Britain's FTSE shed 0.9% to 6,592.69. The CAC 40 in Paris lost 1% to 5,... Read the Full Story |
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Markets | | |
Kroger (NYSE:KR) stock is trading at nearly all-time high levels. And that’s interesting considering that the outlook for the grocery industry is waning. Kroger operates in a low-margin business. But the grocery chain was a pandemic winner as consumers looked to stock their pantries and free... Read the Full Story |
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Tech | | | U.S. employers likely stepped up their hiring in February as confirmed viral cases declined, consumers spent big chunks of their government aid checks and the economy appeared to be sustaining a tentative recovery Read the Full Story |
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Markets | | | Global cinema and real estate operator Reading International (NASDAQ: RDI) stock has rallied as regional economic reopening momentum improves. The acceleration of COVID vaccinations is driving optimism and improving sentiment Read the Full Story |
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Markets | | | The market appears to be in re-calibration mode these days. Rising bond yields, mixed economic data, and ongoing pandemic uncertainty have been reasons to pause and evaluate where the market goes from here. Read the Full Story |
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Politics | | | China, the world’s biggest emitter of greenhouse gases, has announced generally moderate new energy and climate targets that give little sign that it will step up its pace in combatting climate change Read the Full Story |
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Politics | | | The Senate is beginning debate on a $1.9 trillion COVID-19 relief bill, after Democrats made eleventh-hour changes aimed at ensuring they could pull President Joe Biden’s top legislative priority through the precariously divided chamber.
Democrats were hoping for Senate approval of th... Read the Full Story |
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Politics | | | SAN DIEGO -- The San Diego Zoo has vaccinated nine great apes for the coronavirus after a troop of gorillas in its Safari Park became infected.
Officials say four orangutans and five bonobos received COVID-19 injections in January and February.
Three bonobos and a gor... Read the Full Story |
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Markets | | | Uranium producer Cameco Corporation (NYSE: CCJ) stock has been breaking out through multi-year highs on the renewed interest in clean energy spurring uranium demand. Uranium is used to fuel nuclear power plants that provide 20% of the electricity and up to 55% of all clean energy in the U.S Read the Full Story |
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Markets | | | With the focus turning from growth to value we felt it time (once again) to highlight a couple of the undervalued gems that we favor. Because the consumer is also so much in focus, and because COVID-related trends are still very much in force, Read the Full Story |
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The Early Bird Stock Of The Day Aspen Technology, Inc. provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management. The company serves a range of asset-intensive industries, including oil and gas exploration and production; oil and gas processing and distribution; and oil and gas refining and marketing, as well as bulk and specialty chemicals, engineering and construction, power and utilities, metals and mining, and pharmaceuticals. Aspen Technology, Inc. was founded in 1981 and is headquartered in Bedford, Massachusetts. Aspen Technology, Inc. operates as a subsidiary of Emerson Electric Co. | | View Today's Stock Pick |
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