Good MorningThe markets continue to drift higher in the face of rising risks. The S&P 500 advanced about 0.25% on Wednesday and set another new all-time high. The move was bolstered by a better than expected durable goods figure that points to continued economic expansion in the second half of the year. Among the day’s leaders are hospitality and leisure stocks which gained from 1% to 7% in the wake of Johnson&Johnson’s COVID vaccine approval. Chipmakers were also among the days leaders after a wave of good news from within the sector.
Market action may begin to heat up on Thursday as traders get ready for Jerome Powell’s keynote speech on Friday. The speech, delivered to the Jackson Hole Conference, may shed light on the Fed’s next steps. If the Fed chief can reassure the market the FOMC has inflation under control it could be “off to the races” for the stock market.
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Markets | | | World stocks were broadly lower on Thursday following a charge on Wall Street that drove indices to all-time highs for the second straight day.
Britain’s FTSE 100 lost 0.3% to 7,127.10 and France’s CAC 40 declined 0.2% to 6,665.06. The DAX in Germany also fell 0.2% to 15,822.87 in ear... Read the Full Story |
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From Our PartnersA thousand people attended...
NO CAMERAS were allowed!
One invitee said every iPhone was wrapped with "tamper-proof stickers" to prevent photographs.
At the event, Apple unveiled a device that "could eventually replace mobile phones."
Apple codenamed the device "N421"...
But I call it "iPhone Killer."
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Tech | | | Asian stocks slipped Thursday following a charge on Wall Street that drove indices to all-time highs for the second straight day.
Japan’s benchmark Nikkei 225 fell 0.1% to 27,742.29 and Hong Kong's Hang Seng gave up 1.6% to 25,293.14. The Shanghai Composite was down 1% at 3,504.49 in ... Read the Full Story |
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Markets | | | Don't get us wrong, Nordstrom (NYSE: JWN) had a great quarter just one that failed to impress when compared with the industry peers. While strong tailwinds continue to blow through the industry, consumers have voted with their dollars and those votes are being counted. Read the Full Story |
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Tech | | | Some of the country's leading technology companies have committed to investing billions of dollars to strengthen cybersecurity defenses and to train skilled workers, the White House announced Wednesday following President Joe Biden's private meeting with top executives.
The Washington... Read the Full Story |
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Politics | | | North Korea will convene its rubber-stamp parliament next month to discuss efforts to salvage an economy strained by pandemic border closures after decades of mismanagement and U.S.-led sanctions.
The North’s official Korean Central News Agency said Thursday the Supreme People’s Assem... Read the Full Story |
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From Our PartnersHe picked the #1 tech stock in 4 years out of 5. Now he says this will be the #1 tech play of the 2020s... | | | | Learn More Here! |
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Politics | | | The Tennessee state health commissioner says children now account for more than a third of the state’s COVID-19 cases, a sharp rise from earlier as the delta variant of the coronavirus continues to spread Read the Full Story |
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Stocks | | | There’s also a lot of earnings upside for these companies going forward as many of them had to deal with supply chain constraints and a reduction in elective medical procedures last year. All of this adds up to fantastic investment opportunities Read the Full Story |
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Markets | | | Speaker and audio products maker Sonos, Inc. (NASDAQ: SONO) stock has been a strong performer in 2021 as it rides multiple tailwinds to new highs. The maker of home audio products has been on a tear as a near-perfect storm of tailwinds produced extensive top and bottom line gains. The Company was a ... Read the Full Story |
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Markets | | | Digital video fitness and self-improvement lifestyle platform operator Gaia (NASDAQ: GAIA) stock has been selling off as the reopening trend continues to gain steam. The provider of digital subscriptions for its yoga, transformation, alternative healing and awareness services, and online community h... Read the Full Story |
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Markets | | |
My husband and I have tussled over whether to have him contribute to a traditional 401(k) or Roth 401(k) more times than I can count.
"We'll be in a lower tax bracket when we retire."
"Who knows what the government will do by then?"
Does anyone else have these uh… fun discussions?
... Read the Full Story |
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The Early Bird Stock Of The Day Molecular Templates, Inc., a clinical stage biopharmaceutical company, focuses on the discovery and development of biologic therapeutics for the treatment of cancer and other serious diseases in the United States. The company develops therapies through its proprietary biologic drug platform technology (ETB). It is also developing MT- 8421, an ETB candidate that is in Phase I clinical trial for the treatment of dismantling TME through direct cell-kill of tumor and immune cell; MT-0169, which is in Phase I clinical trial to treat relapsed/refractory multiple myeloma; and MT-6402 in that is in Phase I clinical trial for relapsed/refractory patients with PD-L1 expressing tumors. The company has a collaboration agreement with Bristol Myers Squibb to discover and develop novel products containing ETBs directed to multiple targets. Molecular Templates, Inc. was founded in 2001 and is headquartered in Austin, Texas. | | View Today's Stock Pick |
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