Good MorningMarkets were mixed on Monday as investors continue to dump growth stocks in favor of value, consumer staples, and dividends. The S&P 500 pulled back slightly in Monday action while the tech-heavy NASDAQ Composite shed more than 2.0%. The Dow Jones Industrial Average led the action with a small gain intraday but even it succumbed to the negative vibe by the end of the day. The VIX, the market’s fear gauge, jumped more than 10% for the day and may be on the verge of a major reversal. A reversal in the VIX would be bad for the broad market and could lead to a 20% correction or more.
Investors will be eyeing the data this week for any signs it can give. Important data points due for release include the CPI and PPI inflation indexes on Wednesday and Thursday as well as the April read on Retail Sales. Weak retail sales or strong inflation are both on the table and could send the market heading lower.
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Duke Energy (NYSE:DUK) continues to charge higher on higher volume after a split result on its earnings report. The utility giant delivered earnings that beat analysts’ expectations. The $1.26 EPS beat estimates for $1.24 and was a 10% year-over-year (YOY) gain. This was particular... Read the Full Story |
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Politics | | | The Australian government released a big-spending economic plan for the next fiscal year on Tuesday that includes hefty investments in defense and national security as relations with China worsen.
The government plans to spend 270 billion Australian dollars ($212 billion) over the nex... Read the Full Story |
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Markets | | | Shares dropped Tuesday in Asia after selling of several Big Tech companies pulled U.S. benchmarks lower.
Paris, Frankfurt, Tokyo and Hong Kong declined while Shanghai advanced.
Despite reassurances from the Federal Reserve and a much weaker than expected U.S. jobs rea... Read the Full Story |
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Stocks | | | The energy sector has certainly been strong in 2021 thanks to a rebound in oil & gas prices and rising demand as the economy recovers from the impacts of the pandemic. You also have recent events like the hacking of a major U.S. pipeline company that could cause supply chain issues across the Ea... Read the Full Story |
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Markets | | | German investors are increasingly optimistic about the country's economy as the latest surge of new coronavirus infections seems to be slowing, a closely-watched survey showed Tuesday.
The Mannheim-based ZEW institute said its indicator of economic expectations for Germany over the ne... Read the Full Story |
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Markets | | | Nissan reduced its losses in the January-March quarter as restructuring efforts kicked in, despite damage to sales from the coronavirus pandemic, the Japanese automaker said Tuesday.
Nissan Motor Co.’s quarterly losses totaled 81 billion yen ($743 million), a fraction of the 710 bill... Read the Full Story |
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Tech | | | The number of working-age people in China fell over the past decade as its aging population barely grew, a census showed Tuesday, complicating Chinese leaders' efforts to create a more prosperous and influential nation.
The total population rose to 1.411 billion people last year, up 7... Read the Full Story |
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Markets | | | The Workhorse Group (NASDAQ: WKHS) has had a wild year. The company rocketed to the top of the EV market last year when it went public, it soared to new highs when it became a contender for the USPS lucrative deal, Read the Full Story |
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Markets | | | Shares of MoneyGram International (NASDAQ: MGI) popped 22.78% Friday, and tacked on another 6.85% Monday, following the money transfer specialist’s first quarter report. Digital transactions are on the rise, and the company is wrapping up its agreement with the Justice Department. Read the Full Story |
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The Early Bird Stock Of The Day Schneider National, Inc., together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations. The Intermodal segment provides door-to-door container on flat car services through a combination of rail and dray transportation using company-owned containers, chassis, and trucks. The Logistics segment offers asset-light freight brokerage, supply chain, warehousing, and import/export services to manage and move its customers' freight. The company leases equipment, such as trucks to owner-operators; and provides insurance for the company drivers and owner-operators. Schneider National, Inc. was founded in 1935 and is headquartered in Green Bay, Wisconsin. | | View Today's Stock Pick |
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