Good MorningTuesday was another quiet day of trading for the major markets but that all came to an end after the close of the session. Reports from Microsoft and Google-parent Alphabet both beat the consensus estimates and sent their respective markets moving off in different directions. Shares of Alphabet gained more than 5.0% in the wake of the report while Microsoft fell nearly the same amount. Market action on Wednesday is going to be hot with traders shedding underperforming names in favor of those with proven results. Earnings-driven action will heat up again after the close with reports from Apple and Yum Brands to name a few.
The FOMC meeting is also a big focus of the day. The FOMC isn't expected to change its policy stance but a shift in sentiment toward inflation could send the market reeling. Based on reports from Alcoa, Packaging Corporation of America, and the rising price of oil it looks like is inflation is here and fairly strong too.
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Stocks | | Growth investing in 2021 has been a completely different picture than what we saw last year, which makes sense given the colossal run that many of those stocks had. If you were overweight growth names at the start of the year and didn’t pick up on the fact that money was rotating into value st... Read the Full Story |
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Politics | | European Union leaders, their British counterparts and European businesses expressed hope Wednesday that the final ratification of the post-Brexit trade deal will open a new, positive era of cooperation despite the many divisive topics remaining between the former partners.
After Euro... Read the Full Story |
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Markets | | Asian shares were mostly moderately higher in listless trading Wednesday, as investors watched for news out of a Federal Reserve meeting.
Japan's Nikkei 225 added 0.2% to 29,053.97 in afternoon trading, while South Korea's Kospi slipped 1.0% to 3,183.30. Australia's S&P/ASX 200 a... Read the Full Story |
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From Our PartnersWith experts projecting gains as high as 1,530% by the end of this year…
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Markets | | It’s safe to say that buying shares in a company ahead of its quarterly earnings release is risky business. Not only do you have to predict whether or not the company will beat the consensus expectations, but you also have to get the market’s reaction to the report right. A savvier appro... Read the Full Story |
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Stocks | | JetBlue Airways (NASDAQ: JBLU) traded lower Tuesday following a better-than-expected first-quarter report.
Shares closed Tuesday at $20.12, down $0.45, or 2.19%.
In its report, the New York-based airline offered a promising glimpse of the current rebound in leisure travel, which could ... Read the Full Story |
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Tech | | Embattled Chinese tech giant Huawei said Wednesday first-quarter revenue fell after it sold its lower-priced Honor smartphone brand, but profitability improved.
Sales declined 16.5% from a year earlier to 152.2 billion yuan ($23.5 billion) due in part to lower revenue for its consume... Read the Full Story |
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Markets | | Global shares were moderately higher in listless trading Wednesday, as investors watched for news out of a Federal Reserve meeting.
France's CAC 40 gained 0.3% in early trading to 6,291.87, while Germany's DAX edged up 0.2% to 15,279.81. Britain's FTSE 100 rose 0.2% to 6,961.41. The ... Read the Full Story |
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Markets | | Adaptive network solutions provider Ciena Corporation (NYSE: CIEN) stock is finally breaking out of its 14-year trading range as the former high-flier reawakens on 5G tailwinds. Older traders and investors will remember when shares were trading in the $400s as one of the early momentum stocks during... Read the Full Story |
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Politics | | SEOUL, South Korea — South Korea says it will provide India with oxygen concentrators, COVID-19 diagnostic kits and other aid items to help the South Asian nation with the world’s worst surge in coronavirus infections.
Health official Yoon Taeho said Wednesday the government will also... Read the Full Story |
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Markets | | Online styling and apparel retailer platform Stitch Fix (NASDAQ: SFIX) shares have collapsed more than 50% since peaking at $113.36 on Jan. 27 and falling to lows of $41.78 on April 21.
The company became a pandemic benefactor as online and e-commerce adoption accelerated during the stay-at-home pe... Read the Full Story |
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The Early Bird Stock Of The Day Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions. It also provides various devices, hardware, software, and financing solutions; and digital services, including search, invoice, and TL services, as well as information, entertainment, and application services. In addition, the company offers TV+, a television platform; fizy, a digital music platform; YaaniMail, a local e-mail service; GAME+; Iste Suit; BiP; smart legal documentation automation; Chatbot; and home internet and TV services. Turkcell Iletisim Hizmetleri A.S. was incorporated in 1993 and is headquartered in Istanbul, Turkey. | View Today's Stock Pick |
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