Good MorningEquities resumed their decline on Thursday following weaker than expected results from FAANG stocks Facebook and Amazon. Facebook led the fall with a 20% plunge that puts the stock deep into correction territory. The biggest takeaway from the reports is that COVID-19 induced tailwinds are no longer blowing. The S&P 500 fell nearly 2.5% at the end of the session with the NASDAQ Composite down 3.75%.
Friday's trading will be all about the Non-Farm Payroll report. The report is expected to be much weaker than first speculated due to the weak ADP report on Wednesday. If the report confirms the market's fears the selloff could deepen. The best-case scenario is a retest of the recent lows followed by another rebound. The Worst-case is that support will fail and the market will enter a prolonged contraction that could wipe another 20% of value off the books. Featured: The Morning Panic (Can You Spot it?) (ProTrading Research) 
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Markets | | | Asian shares were mostly higher Friday after a historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street.
Hong Kong jumped 3.3% after reopening from Lunar New Year holidays. Shanghai remained closed. Tokyo, Seoul and other regi... Read the Full Story |
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Markets | | | Shares in Europe and Asia were mostly higher Friday after a historic plunge in the stock price of Facebook’s parent company yanked other tech stocks lower on Wall Street.
Shares rose in Paris, London and Tokyo. Hong Kong jumped 3.3% after reopening from Lunar New Year holidays. Tradi... Read the Full Story |
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Markets | | |
More than 400 new exchange-traded funds (ETFs) were launched last year. According to Morningstar, new funds hauled in approximately $800 million as the popularity of the one-size-fits-all investment vehicle continued to soar in 2021.
That momentum is expected to carry over into 2022. Experts say ... Read the Full Story |
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Stocks | | | Since gaming stocks are part of the consumer discretionary sector, they have volatility and unpredictability. This means that economic changes and their cyclical nature can affect them, but many gaming stocks are currently undervalued. Read the Full Story |
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Markets | | | While markets have been on a volatile streak to start the year 2022, there are still some bright spots that investors should be paying attention to. Several underrated companies are quietly delivering plenty of alpha and posting impressive earnings, Read the Full Story |
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Markets | | | Sri Lanka has celebrated its Independence Day with an appeal by the president to the country’s expatriates to send money home as it struggles with the worst economic crisis in decades mainly due to depleted foreign reserves Read the Full Story |
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Tech | | | House Democrats are poised to approve legislation that they say positions the United States to better compete with China economically by strengthening the domestic semiconductor industry, shoring up strained supply chains and bolstering international alliances Read the Full Story |
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Markets | | | A planned $3.4 billion coal-fired power plant in Dubai instead will be converted to use natural gas, the sheikhdom announced, amid the United Arab Emirates' wider pledge to have net-zero carbon emissions by 2050.
The announcement Thursday came in a statement quoting Sheikh Ahmed bin ... Read the Full Story |
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Stocks | | |
Having been among the quickest of the airlines to get their shares back to pre-pandemic levels, Southwest Airlines (NYSE: LUV) have struggled to keep the momentum in recent months. Their stock’s recovery peaked at the start of last summer, and shares have fallen as much as 40% in the meantim... Read the Full Story |
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Stocks | | | Shares of Ford (NYSE: F) are down in the wake of the Q4 earnings report and we are cheering the move. The decline has the stock trading at a 4-month low and levels almost too good to pass up with the long-term outlook for car sales and EV the way that it is. Read the Full Story |
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Friday's Early Bird Stock Of The Day Sierra Oncology, Inc., a late-stage biopharmaceutical company, engages in researching, developing, and commercializing therapies for the treatment of patients with hematology and oncology needs. Its lead drug candidate, momelotinib, is a selective and orally bioavailable Janus kinase 1 (JAK 1), JAK2, and Activin A receptor type 1 (ACVR1) inhibitor. The company also develops SRA515, a selective bromodomain-containing protein 4 inhibitor; and SRA737, an orally bioavailable small molecule inhibitor of Checkpoint kinase 1. It has the license agreements with Carna Biosciences, Inc. to develop and commercialize SRA141, a small molecule kinase inhibitor targeting Cdc7; AstraZeneca AB; and CRT Pioneer Fund LP. The company was formerly known as ProNAi Therapeutics, Inc. and changed its name to Sierra Oncology, Inc. in January 2017. Sierra Oncology, Inc. was incorporated in 2003 and is headquartered in San Mateo, California. | | View Today's Stock Pick |
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