Good MorningThe markets got off to a solid start on Thursday with most major indexes up nearly a full percent at the high of the day. Better than expected earnings from Whirlpool, Tractor Supply Company, and AT&T helped lift sentiment as did a better-than-expected jobless claims report. The number of new jobless claims fell unexpectedly to a new low as hiring activity ramps up. The good news was spoiled, however, later in the day when President Biden announced a new tax plan.
In his new plan, President Biden will tax capital gains on wealthy individuals to nearly 40% in fulfillment of a campaign pledge. The news caused the markets to about-face and shed nearly 1.0% by the end of the session. If the market can’t shrug off this new development a much deeper correction could be in store. The risk now is that stock selling will accelerate on Friday and leave the index below its most recent support.
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Markets | | | Speaking of slow crawlers, bringing up the rear are Nike, Merck, and Procter & Gamble. But as we know, the Dow derby is a marathon rather than a sprint, so the laggards could very well turn into leaders after the second-half kickoff.
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Markets | | | Buying the actual commodity is one way to go about gaining gold exposure, but gold miner stocks are also a smart option because you get to own actual companies with growth opportunities and dividends. Let’s take a look at 3 gold stocks that could regain their luster soon.
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Markets | | | Global stock markets were mixed Friday after Wall Street fell following a report President Joe Biden will propose raising taxes on the wealthiest investors.
London and Frankfurt opened lower. Tokyo declined while Shanghai and Hong Kong advanced.
Wall Street futures were... Read the Full Story |
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Markets | | | Asian stock markets were mixed Friday after Wall Street fell following a report that President Joe Biden will propose raising taxes on the wealthiest investors.
Shanghai, Hong Kong and Seoul rose while Tokyo and Sydney retreated.
Wall Street's benchmark S&P 500 inde... Read the Full Story |
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Tech | | | One proven strategy for grabbing a stock at the beginning of a run-up is by tracking its bases. Align Technology (NASDAQ: ALGN), HubSpot (NYSE: HUBS) and Trex (NYSE: TREX) are setting up in healthy areas of price consolidation, which may set the stage for fresh run-ups. Read the Full Story |
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Markets | | | Are you familiar with the term “alternative asset manager” and the company Blackstone Group (NYSE:BX)? An alternative asset manager invests in things that average investors typically don’t have access to. Read the Full Story |
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Tech | | | The White House is bringing out the billionaires, the CEOs and the union executives Friday to help sell President Joe Biden's climate-friendly transformation of the U.S. economy at his virtual summit of world leaders.
The closing day of the two-day summit on climate change is to featu... Read the Full Story |
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Politics | | | Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II, official figures showed Friday.
The Office for National Statistics said public sector net borrowing — the official gauge of the difference betwee... Read the Full Story |
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Politics | | | Noah Thomas saw his name in lights, and then the lights went out.
The young actor was still in drama school when he was cast to play the lead role in the London West End musical “Everybody’s Talking About Jamie.” Thomas made his professional debut in early 2020. Weeks later, as the co... Read the Full Story |
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Markets | | | The world’s largest airport duty-free retailer Dufry AG (OTCMKTS: DUFRY) stock has been recovering from the resurgence in airline travel stemming from the vaccine rollouts driving further re-openings. Read the Full Story |
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The Early Bird Stock Of The Day Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services. The Energy Transition Materials segment produces and extracts nickel used to produce stainless steel, electric vehicles, and metal alloys; and its by-products, such as gold, silver, cobalt, precious metals, platinum, and others, as well as copper used in the construction sector to produce pipes and electrical wires. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil. | | View Today's Stock Pick |
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