Good MorningWhat started out looking like a banner day for stocks, ended in a whimper. The Dow and S&P 500 indexes were down for the day. But the NASDAQ finished higher. For now, it appears that investors took time to reassess the earnings reports from some of the top tech stocks last week and decided to go shopping.
The Delta variant of the novel coronavirus continues to grab headlines. Masks are going back up and more private businesses are considering requiring proof of vaccination. However, while cases are rising, the Centers for Disease Control reported that the mortality rate for hospitalized Covid-19 patients continues to go down across all age groups.
Investors are also waiting on economic data that is coming later this week, including the jobs report on Friday. At this point, investors are not expecting to hear data that will move stocks significantly in either direction.
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Markets | | | European stocks opened higher Tuesday while Asian markets declined as jitters about the spread of the coronavirus's delta variant in China and the United States dented enthusiasm about strong corporate profits.
London and Frankfurt advanced while Shanghai, Tokyo and Hong Kong fell.
... Read the Full Story |
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Markets | | | Although many semiconductor stocks have rallied substantially in 2021, with the way these companies are delivering such strong earnings they could end up looking like bargains at current price levels by the end of the year. Consider the fact that widespread shortages could last well into the next ye... Read the Full Story |
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Politics | | | Oregon officials believe a $90 million settlement it has reached with the parent company of Victoria's Secret guarantees an end to its “culture of harassment and fear.”
Under the settlement, Victoria’s Secret and Bath & Body Works, owned by L Brands Inc., each committed to invest ... Read the Full Story |
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From Our Partners1 artificial intelligence stock for '21 and beyond. | | Learn more. |
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Markets | | | BMW reported 4.8 billion euros ($5.7 billion) in net profit in the second quarter, rounding out a strong earnings season for Germany's three big automakers as global auto markets continue to recover from the pandemic — particularly when it comes to luxury cars.
The company warned, ho... Read the Full Story |
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Politics | | | The Treasury Department has unveiled plans to borrow $673 billion in the current quarter while employing emergency measures to keep the government from an unprecedented default on the national debt.
Treasury Secretary Janet Yellen on Monday announced a new round of measures to keep th... Read the Full Story |
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Politics | | | The governing body of the International Monetary Fund has approved a $650 billion expansion in the agency's resources to support economically vulnerable countries battling the coronavirus pandemic and the economic downturn it has caused.
The 190-nation lending institution said Monday ... Read the Full Story |
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Markets | | | Last week Apple (NASDAQ:AAPL) reported another strong quarter that confirmed business conditions are healthy in a strengthening global economy. However, management’s forecast for slowing growth in the current period and lack of guidance spooked some investors. Read the Full Story |
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Markets | | | Online legal and compliance solutions platform LegalZoom (NYSE: LZ) stock is in price discovery mode after its recent IPO. The two-decade-old company based out of Glendale, CA, is a premier forerunner to the subscription model for legal forms, business compliance, trademarks and copyrights, and lega... Read the Full Story |
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Markets | | | ON Semiconductors (NASDAQ: ON) has given another confirmation of what we already knew to be true about the semiconductor industry. Global systemic demand for microchips has sparked a secular upcycle in the microchip industry. Read the Full Story |
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Markets | | |
Betterment. Wealthfront. Dozens of robo-advisors litter the financial landscape.
Robo-advisors have been touted as the best option for those just starting out investing. They're heralded as some of the lowest-cost options that can hone in on your exact needs and risk tolerance with the accuracy o... Read the Full Story |
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The Early Bird Stock Of The Day Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. Watsco, Inc. was incorporated in 1956 and is headquartered in Miami, Florida. | | View Today's Stock Pick |
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