Good MorningStocks ended modestly lower Thursday, with the Dow Jones Industrial Average ending 5-day winning streak as investors awaited the release of the May jobs report. The day was not without its share of volatility. The blue-chip gauge had dropped by more than 260 points at its session low before bouncing back to trade in positive territory. Consumer staples and utilities were the biggest gainers among 11 S&P 500 sectors, while consumer discretionary and tech weighed on the broader market with the NASDAQ slipping around 1%.
News was leaked President Biden was reconsidering his previous proposal to raise the corporate tax rate to 28% from 21%, which had been seen as a major roadblock to winning Republican support for his infrastructure plans. Instead, the report claimed he would recommend a minimum corporate tax rate of 15%.
Still, all eyes are on employment data. ADP posted its closely watched report on private payroll changes for May early in the morning, which showed a better than expected 978,000 jobs were added back last month versus the 650,000 expected. the Labor Department's report on new weekly unemployment claims showed that new filings broke below 400,000 for the first time since March 2020. Roll
The Non-Farm Payroll report will be out ahead of the market open on Friday at 8:30 AM and investors should have more clarity on the economy and market direction. Featured: Could this Be the Next 10-Bagger? (IDR Marketing, Inc) 
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Stocks | | | These companies have established businesses, reliable cash flows, and reward long-term shareholders with continued payouts. Let’s take a look at 3 safe dividend-payers to buy instead of meme stocks at this time. Read the Full Story |
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Stocks | | | Even though cannabis stocks have cooled off from their huge rally to start the year, a lot of the bullish narratives about the industry are still in play. With Republican lawmakers pushing for federal legalization in congress and over two-thirds of all states offering medical cannabis at this time, ... Read the Full Story |
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Stocks | | | Within the small-cap group, many investors focus on the technology sector. This is where many of the biggest winners have historically come from. Up 24% this year, U.S. small-cap stocks as measured by the S&P 600 have doubled the return of their large-cap counterparts. Read the Full Story |
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Politics | | | How can governments keep multinational companies from avoiding taxes by shifting their profits to low-tax countries?
For nearly a decade, nations have grappled with that question, seeking to deter companies from legally avoiding tax by resorting to so-called tax havens — typically sma... Read the Full Story |
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Markets | | | Optoelectronics solutions provider Applied Optoelectronics (NASDAQ: AAOI) stock has rebound despite the delays in 5G deployment. The provider of optical fiber laser products to data centers, telcos and internet network infrastructure companies has seen a recovery from the pandemic triggered lows. Wh... Read the Full Story |
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Tech | | | Global shares were mostly lower Friday ahead of the release of a U.S. monthly jobs report that is viewed as a bellwether for the recovery from the pandemic.
Markets declined in Europe and Asia and U.S. futures also were marginally lower. On Thursday, Wall Street retreated, dragged lo... Read the Full Story |
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Politics | | | Vietnam plans to test high-risk groups in its largest city for the coronavirus and imposed more restrictions Monday to deal with a growing COVID-19 outbreak.
People in Ho Chi Minh City are only allowed to leave home for necessary activities and public gatherings of more than 10 people... Read the Full Story |
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Politics | | | PARIS — France is putting itself back on the menu as a destination for international tourists who are vaccinated, removing the need for coronavirus tests for vaccinated Europeans and allowing vaccinated tourists from most of the rest of the world, including the United States, to also come back but s... Read the Full Story |
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Politics | | | China is urging closer security and economic cooperation with Afghanistan in an apparent effort to bolster its influence in the region as the U.S. and its allies prepare to withdraw their forces from the country Read the Full Story |
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Markets | | | Think you might want to become a part of the FIRE movement? LeanFIRE, FatFIRE and BaristaFIRE. But first, let's discuss the definition of the FIRE movement, then examine how you might want to take part in it. Read the Full Story |
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The Early Bird Stock Of The Day Coty Inc., together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co. brands. The company provides Consumer Beauty segment products primarily through hypermarkets, supermarkets, drug stores, pharmacies, mid-tier department stores, traditional food and drug retailers, and e-commerce retailers under the Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, and Sally Hansen brands. It also sells its products through third-party distributors. The company was founded in 1904 and is headquartered in New York, New York. Coty Inc. is a subsidiary of JAB Beauty B.V. | | View Today's Stock Pick |
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