Good MorningThe U.S. stock market closed out the third week of gains on a high note last week with the S&P 500 ending Friday’s session near the high of the day and week, and at a new all-time high. The move was led by tech although the NASDAQ Composite continues to lag the broader market. The Dow Jones Industrial Average also set a new all-time high but the Transports did not. The markets were driven by rising expectations for Q1 earnings, the caveat for investors is that with expectations on the rise, strength in Q1 earnings may already be priced into the market.
This week kicks off the peak of earnings season. So far, about 3.0% of the S&P 500 have reported their calendar Q1 earnings and the results are better than expected. The question that needs to be answered is if this trend will continue and by what margin. If the average S&P 500 company fails to impress the market could be in for a correction. With COVID still impacting global economies, the only certainty that can be predicted is uncertainty and that is not a good thing for the stock market.
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Markets | | | Digital media companies Pinterest (NYSE: PINS), Snapchat (NYSE: SNAP) and Sea Limited (NYSE: SE) are all forming corrections after strong run-ups in 2020.
Much has been written lately about pullbacks in techs, Internet companies, and growth stocks in general, following big gains in 2020. Read the Full Story |
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Tech | | | World shares were lower on Monday, as investors grew wary over the recent surge in coronavirus cases in many places while vaccination efforts are making scant headway.
Shares fell in London, Paris, Tokyo and Shanghai. U.S. futures also slipped.
The declines followed a... Read the Full Story |
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Tech | | | Asian shares were lower on Monday, as investors grew wary over the recent surge in coronavirus cases in many places while vaccination efforts are making scant headway.
Shares fell in Tokyo, Shanghai, Hong Kong and Sydney.
The declines followed a strong end last week o... Read the Full Story |
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Markets | | | Chinese telecommunications equipment firm Huawei says it has reached an agreement with HSBC in Hong Kong to obtain documents that its chief financial office Meng Wanzhou hopes will help prevent her extradition to the U.S. Meng, who was detained in Canada in 2018 at the behest of U.S. authorities, has been fighting a legal battle over the last two years as the U.S. seeks to extradite her over bank fraud and allegations that Huawei violated sanctions on Iran Read the Full Story |
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Tech | | | In a rare acknowledgement, China’s top disease control official says current vaccines offer low protection against the coronavirus and mixing them is among strategies being considered to boost their effectiveness Read the Full Story |
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Tech | | | More than a hundred top executives and corporate leaders gathered online this weekend to discuss their response to restrictive voting laws under consideration in several states and already enacted in Georgia, according to a statement from organizers of the meeting.
The statement didn’... Read the Full Story |
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Markets | | | Shares of cruise ship major Carnival (NYSE: CCL) hit their highest post-pandemic price last week in a sign that now’s as good a time as ever to get involved. In what will surely become one of the greatest recovery stories of all time, shares have now run up close to 300% in the past twelve mon... Read the Full Story |
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Markets | | |
Another Shock For Aphria Investors
Aphria (NASDAQ: APHA) reported its FQ3 results and revealed an issue that will likely plague the entire Canadian cannabis industry this earnings cycle. Lockdowns in key markets across the country and globally took a big bite out of revenue. The news has th... Read the Full Story |
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Markets | | | BlackRock (NYSE: BLK) is set to report is first quarter earnings on Thursday; the largest asset manager in the world launched two new Environmental, Social, and Governance (ESG) ETFs on Thursday, showing where its focus lies ahead of the earnings release. Read the Full Story |
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Markets | | | The latest data out of China shows that not only is China's auto market back to pre-pandemic levels but the EV market continues to take share. Data from China's Passenger Car Association show sales of passenger vehicles in the nation grew 70% in the first quarter Read the Full Story |
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The Early Bird Stock Of The Day Corteva, Inc. operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics. This segment also provides digital solutions that assist farmer decision-making with a view to optimize product selection, and maximize yield and profitability. The Crop Protection segment offers products that protect against weeds, insects and other pests, and diseases, as well as enhances crop health above and below ground through nitrogen management and seed-applied technologies. This segment provides herbicides, insecticides, nitrogen stabilizers, and pasture and range management herbicides. It serves agricultural input industry. The company operates in the United States, Canada, Latin America, the Asia Pacific, Europe, the Middle East, and Africa. Corteva, Inc. was incorporated in 2018 and is headquartered in Indianapolis, Indiana. | | View Today's Stock Pick |
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