Good MorningEquities rebounded on Thursday but the market is still not out of the woods. The market shrugged of a hotter than expected PPI figure that points to steadily rising inflation and at a rate well above the FOMC’s target 2.0% annualized rate. The S&P 500 gained about 1.70% by the end of the day to regain most but not all of the prior session’s losses. The move was led by tech and specifically Apple which gained more than 2.35% at the high of the session.
Friday will be a test for the market to see if it can sustain Thursday’s highs or if the fear of inflation will take the market lower. Trading will also be influenced by the April retail sales figures which are expected to show a solid 0.8% gain from the previous month. If the market can’t hold on to Thursday’s high the sell-off could begin to gain momentum. Next week, the market will be on high alert for key housing data, the Index of Leading Indicators, and the minutes from the last FOMC meeting.
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Tech | | | Asian shares were mostly higher on Friday after Wall Street put the brakes on a three-day losing streak with a broad stock market rally powered by Big Tech companies and banks.
Shares in big semiconductor manufacturers led the advance in Asia, where almost all markets opened higher.
... Read the Full Story |
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From Our PartnersThe “Great Reset” started on January 20th with the inauguration of Joe Biden. Between now and the midterms, the American economy could be reshaped forever – and renowned analyst Jeff Brown has found the “lynchpin” to the entire plan. | | | | Go here before this message is removed. |
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Markets | | | While we don’t know how long the selling will persist in growth, it might pay off to start adding shares of innovative companies that have huge long-term potential at this time. Let’s take a look at 3 disruptive stocks to buy on sale now. Read the Full Story |
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Tech | | | World shares were mostly higher on Friday after a broad rally led by tech and financial companies snapped a three-day losing streak on Wall Street.
Germany's DAX gained 0.3% to 15,241.57 while the CAC 40 in Paris rose 0.4% to 6,315.27. Britain's FTSE 100 picked up 0.6% to 7,005.56. T... Read the Full Story |
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From Our PartnersExpert Jeff Clark is releasing his #1 stock to trade in 2021.
Since he started recommending this stock, you could have used it for gains as high as 269% and even 273%... in as little as 8 days. | | | | Click here now and get its name. |
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Markets | | | With cybersecurity in the news lately, are stocks like Fortinet (NASDAQ: FTNT) well-positioned for gains?
The stock rebounded Thursday, along with the broader market.
In addition to the hacking of the Colonial pipeline, the growing work-from-home movement shed light on cybersecurity risks fo... Read the Full Story |
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Markets | | | Entertainment and sports content operator Endeavor Group Holdings (NYSE: EDR) stock is a unique IPO in that its shares have actually gone up since its debut. While shares were originally priced at $23.50, it was cheap enough to leave lots of “meat on the bones”, Read the Full Story |
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From Our Partners"If I had a stadium filled with my former students, I'd teach them how to spot and trade within Vomma Zone."
Don Kaufman, 23-Year Professional Trader and Educator at TD Ameritrade, shares it all.
Join Don as he breaks down this special zone he calls the "Vomma Zone."
Watch him share the exact playbook he uses to extract consistent profits from an increasingly volatile market. | | Click here to watch now |
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Markets | | | Honda swung into the black in January-March, recording a 213 billion yen ($2 billion) profit despite the lingering impact of the pandemic.
The results, released Friday, marked a reversal from 29.5 billion yen in red ink Honda Motor Co. racked up in the same quarter last year. Quarter... Read the Full Story |
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Politics | | | COLOMBO, Sri Lanka — The World Bank said it has signed an agreement with Sri Lanka to provide $80.5 million to help the island nation’s vaccination drive against COVID-19.
The funding comes as Sri Lanka is facing a severe shortage of vaccines because of the current crisis in neighbori... Read the Full Story |
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Politics | | | Singapore has further tightened social-distancing restrictions, banning dining in at restaurants and limiting public gatherings to two people as it seeks to control a growing number of untraceable coronavirus infections in the city Read the Full Story |
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Markets | | | Shares of outdoor gear maker Yeti Holdings (NYSE: YETI) vaulted nearly 5% higher Thursday following a better-than-expected first-quarter earnings report.
The company makes drink containers, coolers, blankets, camping chairs, apparel, pet gear and other items that caught on during the pandemic... Read the Full Story |
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Markets | | | After almost doubling in value in their first few months of public trading, shares of Airbnb (NASDAQ: ABNB) are struggling to keep their head above water even as their core revenue engine starts to rev up again. Read the Full Story |
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The Early Bird Stock Of The Day Reliance, Inc. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was formerly known as Reliance Steel & Aluminum Co. and changed its name to Reliance, Inc. in February 2024. Reliance, Inc. was founded in 1939 and is based in Scottsdale, Arizona. | | View Today's Stock Pick |
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