Good MorningThe broad S&P 500 fell again on Wednesday shedding more than 1% at the low of the day. On the one hand, the earnings season is a little better than expected in its first full week of the reporting season but on the other, the reports so far haven’t been much more than the market wanted and the outlook isn’t as good as it could be. Inflation and supply chain hurdles are still omnipresent and are having a deep impact on the economy.
Thursday’s trading will be focused on the economic data. After a weak Empire State Manufacturing Survey the Philadelphia MBOS will be more important than ever. The Empire State Survey showed a contraction of activity that could lead to a recession for the sector. In that scenario, we see the S&P 500 contraction getting deeper.
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Tech | | Asian stock markets rose Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports.
Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced.
On Wall Street, the benchmark S&P 500 index fell 1% ... Read the Full Story |
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Markets | | As equities continue to pull back and start to enter into correction territory, investors can consider using the volatility as an opportunity to buy shares of these fantastic companies at intriguing price levels Read the Full Story |
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Tech | | Global stocks were mixed Thursday after China cut interest rates and President Joe Biden said “we're not there yet” on lowering punitive tariffs on Chinese goods.
London and Tokyo gained while Shanghai and Frankfurt declined.
Wall Street futures were higher after the be... Read the Full Story |
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From Our PartnersAccording to Microsoft engineer Alex Kipman, “Smartphones are yesterday's news. The phone is already dead. People just haven't realized.”
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Tech | | At some of the world’s most sensitive spots, authorities have installed security screening devices made by a single Chinese company with deep ties to China’s military and the highest levels of the ruling Communist Party Read the Full Story |
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Markets | |
For a stock that has dropped 25% since the middle of September, Chipotle Mexican Grill (NYSE: CMG) is sure attracting a lot of favorable attention. You’d typically expect that kind of multi-month sell-off to be justified, and perhaps backed by several analyst downgrades, but not so with the ... Read the Full Story |
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Markets | | Japan’s exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday.
Japan’s imports last month surged 41% from the same month a year earlier. Exports rose 17.5% from the previous year, on stronger shi... Read the Full Story |
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Stocks | | What can you expect from the energy sector, what actually makes up the energy sector and what to invest in? Full speed ahead, but a major hint: Analysts have overwhelmingly screamed "Buy!" for the sector in general. Read the Full Story |
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Tech | | Some flights to and from the U.S. have been canceled even after AT&T and Verizon scaled back the rollout of high-speed wireless service that could interfere with aircraft technology that measures altitude Read the Full Story |
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Stocks | | We called out Kinder Morgan (NYSE: KMI) as a buy last year with the idea its 6.75% was overly attractive and not likely to remain so high relative to share prices for long. Now, a year later, we are sticking by that outlook with this correction: Kinder Morgan’s yield is overly attractive and not likely to remain at 6.2% for long, even with the expectation of future dividend increases. Read the Full Story |
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Markets | | We got interested in H.B. Fuller (NYSE: FUL) early in 2021 because it looked like it could be the one stock to rule them all in 2021. The company manufacturers specialty chemicals and specifically adhesives, glues, and coatings for a wide range of industries including packaging, F&B, OEM automotive, and multitudes of manufacturing processes. Read the Full Story |
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Thursday's Early Bird Stock Of The Day NeuBase Therapeutics, Inc., a preclinical-stage biopharmaceutical company, focuses on the development of therapies to treat rare genetic diseases and cancers caused by mutant genes. The company's proprietary modular peptide-nucleic acid antisense oligo (PATrOL) platform focuses on addressing Huntington's disease (HD) and myotonic dystrophy, as well as other genetic disorders, and cancer and oncology applications. Its pipeline includes NT0100 for Huntington's disease; NT0200 for myotonic dystrophy type 1; and NT0300 treatment targets the mutated KRAS gene. NeuBase Therapeutics, Inc. is headquartered in Pittsburgh, Pennsylvania. | View Today's Stock Pick |
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