Good MorningThe market tried to rebound on Wednesday but the gains were slim. A number of FOMC members spoke out to try and soothe the market’s fear of rising inflation but to little avail. The market has its eyes set on Friday’s core consumer inflation data end is getting ready to be surprised. The consensus estimate of 0.6% is a little low In light of the May CPI data which showed consumer inflation rising 1% for the month. If the data comes in hot, it could send the market into another tailspin and this time the bottom may not be reached quite so soon.
Among Wednesday's biggest movers were the reopening stocks. Cruise Lines Airlines and hospitality stocks were all up more than 2% intraday with many up more than 2.5% at the height of the session. With economic reopening underway and gaining momentum globally, these stocks can be expected to outperform the rest of the market over the summer. The question now is how good will the results be when the Q2 earnings season rolls around.
Featured: Small Biotech Could Soar 1,000% (BehindtheMarkets) 
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Stocks | | | Unless you have owned a stock for a while ahead of the company’s earnings report, it’s usually smarter to wait until after the release before you initiate a new position. Many traders and investors are attracted to the possibility of cashing in big if a company delivers resoundingly posi... Read the Full Story |
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Tech | | | Asian shares were mixed Thursday, as investors watched for signs of inflation and awaited U.S. economic data expected later in the day.
Japan's benchmark Nikkei 225 shed 0.5% to 28,504.98. South Korea's Kospi was virtually unchanged at 3,168.74. Australia's S&P/ASX 200 rose 0.3% ... Read the Full Story |
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Politics | | | Global shares were mixed Thursday, as investors watched for signs of inflation and awaited U.S. economic data expected later in the day.
France's CAC 40 rose 0.3% in early trading to 6,412.44, while Germany's DAX fell 0.3% to 15,400.35. Britain's FTSE 100 fell less than 0.1% to 7,022... Read the Full Story |
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Tech | | | SEOUL, South Korea -- South Korea is allowing younger adults who aren’t yet eligible to get coronavirus vaccines to use smartphone apps to sign up for spare doses as officials try to speed up vaccination.
Health officials didn’t immediately say how many people applied for leftover vac... Read the Full Story |
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Politics | | | PARIS — Production of another potential vaccine against COVID-19 will begin within weeks, its developers Sanofi and GlaxoSmithKline said Thursday as they launched a large Phase III trial enrolling 35,000 adult volunteers in the United States, Asia, Africa and Latin America.
The study ... Read the Full Story |
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Markets | | | Shareholders of the French energy company Total SA have voted to suspend payments of dividends to stakeholders in the joint venture company running a gas pipeline in Myanmar, the company said Wednesday.
Pressure has been growing on companies with investments or operations linked to th... Read the Full Story |
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Markets | | | We have been consistent buyers of AutoZone (NYSE: AZO) throughout the pandemic. The company's exposure to both the OEM and aftermarket car industry Including the do-it-yourselfers and Commercial Auto Service makes it more than well exposed to the current economy. Read the Full Story |
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Markets | | |
Semiconductor maker Nvidia (NASDAQ: NVDA) slipped in pre-market trade Thursday, following a better-than-expected earnings report for fiscal 2022’s first quarter.
Shares fell $2.70, or 0.43%, to $625.30 ahead of the bell.
The company, which specializes in graphics chips, earned ... Read the Full Story |
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Markets | | | Shares of ZipRecruiter (NYSE: ZIP) ended their first day of trading at $21.10, up 17.22% from their reference price of $18. The stock went public with a direct listing, rather than a traditional IPO. It opened at $19.80 and rallied to a session high of $21.69 within its first hour. Read the Full Story |
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Markets | | |
I recently became self-employed. (Yes, by choice, not by necessity, though maybe many would question my judgment.)
Like me, have you also just made this hold-onto-your-shorts leap? If so, you probably want to know as much as you can about self-employment tax. (And resist my initial urge to ... Read the Full Story |
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The Early Bird Stock Of The Day BIO-key International, Inc. develops and markets fingerprint identification biometric technology and software solutions, and enterprise-ready identity access management solutions for commercial, government, and education customers in the United States and internationally. The company offers BIO-key PortalGuard and PortalGuard IDaaS solutions, a customer-controlled and neutral-by-design cloud-based identity platform that allows customers to integrate with any cloud or on-premises SaaS application, as well as windows device authentication through IAM platform. Its solutions enable its customers to secure their workforces and student populations; and make their partner networks more collaborative. In addition, it provides BIO-key VST and WEB-key products; and Civil and Large-Scale ID Infrastructure solutions that develops finger-based biometric technology. Further, it offers finger scanners for enterprise and consumer markets under SideSwipe, EcoID, and SidePass brand names. The company was formerly known as SAC Technologies and changed its name to BIO-key International, Inc. in 2002. BIO-key International, Inc. was founded in 1993 and is headquartered in Wall, New Jersey. | | View Today's Stock Pick |
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