Good MorningThe equity market closed out a mixed week on a high note Friday with the S&P 500, Dow Jones Industrial Average, and Dow Jones Transportation each at a new all-time high. The move was driven by weaker than expected NFP numbers, numbers that belie the onset of economic boom and rising inflation. According to the Bureau of Labor Statistics, the U.S. only added 266,000 new jobs in April, a far cry less than the 1 million expected by economists.
The NFP news, while bad for the economy, means the FOMC and Federal Government will continue to be accommodative to the market. The NFP news helped to drive bond yields to their lowest level in two months which may have fueled corporate buybacks as well. This week traders will be eyeing key reads on inflation, either of which could send the market reeling. Regardless of the data, with oil trading at multi-year high inflation is already here.
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Stocks | | | t’s further evidence that the market is confusing, but it’s also the place to be. You can count on the MarketBeat team of writers to look for the stocks and the stories that are moving the market. Here’s a look at some of the stocks they analyzed this week.
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Stocks | | | Friday’s major miss on the April non-farm payroll report has big implications for the stock market that investors should take a moment to consider. Since the report was much worse than economists were anticipating, it alludes to the fact that the labor market's recovery from the pandemic might... Read the Full Story |
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Markets | | | Online marketplace platform eBay (NASDAQ: EBAY) stock was pummeled on its Q1 2021 earnings release as shares fell (-11%) following multiple analyst downgrades. The stock market tends to follow narrative templates for price action. Read the Full Story |
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Politics | | | Global shares were mixed on Monday after a disappointing U.S. jobs report signaled to investors that interest rates will likely stay low
France's CAC 40 dipped nearly 0.2% to 6,374.45 in early trading, while Germany's DAX fell 0.2% to 15,375.92. Britain's FTSE 100 edged 0.1% higher to... Read the Full Story |
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Stocks | | | About a quarter of the index is comprised of tech companies that offer not only increasing dividends but solid growth potential. Here we highlight three of those names that give growth and income investors the best of both worlds.
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Politics | | | Asian shares mostly rose Monday, cheered by a rally on Wall Street as a grim jobs report signaled to investors that interest rates will likely stay low.
Japan's Nikkei 225 rose 0.6% in afternoon trading to 29,518.34. Australia's S&P/ASX 200 jumped 1.3% to 7,172.80. South Korea's K... Read the Full Story |
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Politics | | | BERLIN — German pharmaceutical company BioNTech says it plans to create a state-of-the-art manufacturing site for its mRNA-based vaccines and other drugs in Singapore.
The company, which developed the first widely used coronavirus vaccine together with U.S. partner Pfizer, said Monday... Read the Full Story |
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Politics | | | A Chinese pharmaceutical company and BioNTech SE, the co-developer of the Pfizer-BioNTech vaccine, are setting up a joint venture in China with the capacity to manufacture up to 1 billion doses of the shot to protect against COVID-19 Read the Full Story |
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Politics | | | Malaysia's finance ministry said Monday that sovereign wealth fund 1MDB and a former subsidiary have filed 22 lawsuits to recover assets worth over $23 billion from various institutions and individuals.
1MDB was set up by former Prime Minister Najib Razak in 2009 but it accumulated bi... Read the Full Story |
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Markets | | | Digital Media Solutions (NYSE: DMS) is a great play for small-cap growth investors. The company operates as a performance marketing company with clients across industries and verticals and its growing at double-digits in its first-year post-IPO. Read the Full Story |
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The Early Bird Stock Of The Day Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment. The company operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health. It provides Aptima molecular diagnostic assays to detect the infectious microorganisms; Aptima viral load assays for Hepatitis B virus, Hepatitis C virus, human immunodeficiency virus, and human cytomegalo virus; Aptima bacterial vaginosis and candida vaginitis assays for the diagnosis of vaginitis; Aptima SARS-CoV-2 and Panther Fusion SARS-CoV-2 assays to detect SARS-CoV-2; ThinPrep System for cytology applications; and Rapid Fetal Fibronectin Test that assists physicians in assessing the risk of pre-term birth. The company also offers breast cancer care solutions in the areas of radiology, breast surgery, pathology, and treatment, such as 3D digital mammography systems, image analytics software, reading workstations, minimally invasive breast biopsy guidance systems, breast biopsy site markers, localization, specimen radiology, and connectivity solutions; and breast conserving surgery products. In addition, it provides MyoSure Hysteroscopic Tissue Removal System for the removal of fibroids and polyps in the uterus; NovaSure Endometrial Ablation System to treat abnormal uterine bleeding; Fluent Fluid Management System that provides liquid distention during diagnostic and operative hysteroscopic procedures; Acessa ProVu system to treat various fibroids; and CoolSeal portfolio, such as bipolar vessel sealing devices. Further, the company offers Horizon DXA, a dual energy X-ray system; and Fluoroscan Insight FD mini C-arm to perform minimally invasive orthopedic surgical procedures. It sells its products through direct sales, service forces, independent distributors, and sales representatives. Hologic, Inc. was incorporated in 1985 and is headquartered in Marlborough, Massachusetts. | | View Today's Stock Pick |
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