Good MorningEquity markets rebounded on Wednesday gaining roughly 0.75% at the highs of the session. The move puts an end to a 7-session streak of losses that have shaved nearly 2.5% from the S&P 500. If the market can maintain its footing at this level the uptrend will remain intact. If not the market could be in for another 1% to 9% correction before the end of the month.
Wednesday trading was supported by better than expected data from the manufacturing sector. The New York Empire State manufacturing index rose unexpectedly and doubled the expectation on an increase in new orders, backlogs, and deliveries. The news bodes well for economic activity in the 3rd quarter but is only one of the dozens of reports for the market to digest such as the August read on retail sales. Retail sales are expected to decline from the previous year, the question is by how much?
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Markets | | | TopBuild Corp (NYSE: BLD) is among leaders in the building supply industry, as demand from new construction and remodeling projects remains strong. It is one of several small- and mid-cap stocks showing fundamental and technical strength. Read the Full Story |
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Tech | | | Stocks were mostly lower in Asia on Thursday after Japan and China released data that were weaker than expected.
Shares fell in Tokyo, Shanghai, Hong Kong and Seoul but rose in Sydney.
Japan reported that its exports rose 26.2% in August from a year earlier, but that w... Read the Full Story |
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Stocks | | | Dividend stocks should hold a place in every investor’s portfolio. Even if you don’t intend to use the dividend payout as regular income, the ability to reinvest dividends is like giving yourself a raise every quarter. With that in mind, here are three companies who have recently announced or are likely to announce dividend increases. Read the Full Story |
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Tech | | | Shares were higher in Europe on Thursday after a mixed day of trading in Asia, where most major benchmarks declined.
Germany's DAX picked up 0.6% to 15,713.53, while the CAC 40 in Paris rose 0.8% to 6,633.67. In London, the FTSE 100 advanced 0.5% to 7,048.93.
U.S. fut... Read the Full Story |
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Tech | | | Japan’s exports rose 26% in August from a year earlier, preliminary data released Thursday showed, below analysts’ forecasts, as supply chain disruptions hit manufacturers.
The 6.6 trillion yen ($60 billion) in exports compared with 5.2 trillion yen a year earlier, when the economy w... Read the Full Story |
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Markets | | | Iconic fast casual restaurant chain Denny’s, Inc. (NASDAQ: DENN) stock has rallied off its last earning sell-off as it bumps up against the $16.66 resistance level setting up a daily make or break resolution. Read the Full Story |
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Politics | | | An Indonesian court ruled Thursday that President Joko Widodo and six other top officials have neglected citizens’ rights to clean air and ordered them to improve the poor air quality in the capital.
A three-judge panel at the Central Jakarta District Court notched a victory for a he... Read the Full Story |
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Politics | | | A House committee dealt an ominous if tentative blow Wednesday to President Joe Biden’s huge social and environment package, derailing a money-saving plan to let Medicare negotiate the price it pays for prescription drugs.
The House Energy and Commerce Committee vote to drop the prop... Read the Full Story |
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Markets | | |
Heading into job sunset soon? Whether you've been planning your exit from the workforce for decades or decided on a whim that you'd be ready to rush toward the door the day you turn 60 (or will wait until you're 67), you want to make sure you're not making some common mistakes.
Since the mid-1990... Read the Full Story |
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Markets | | | Video communications platform Zoom Video (NYSE: ZM) stock has been the face of work and engagement from home during the pandemic but continues to sell off on post-pandemic normalization fears. Fears of a slow down in growth were noticeably illustrated in the share sell-off after Q2 fiscal 2022 earni... Read the Full Story |
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The Early Bird Stock Of The Day Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission. It serves its products and services to communications service providers, webscales and hyperscalers, digital industries, and government. The company also offers mobile technology products and services for radio access networks and microwave radio links for transport networks, network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, it offers cloud and network services, including core network solutions, such as voice and packet core; business applications, such as security, automation, and monetization; cloud and cognitive services; and enterprise solutions, including private wireless and industrial automation. Further, the company licenses intellectual property, including patents, technologies, and the Nokia brand. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland. | | View Today's Stock Pick |
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