Stock Market

Not content with ride sharing, food, grocery, prescription delivery, and freight services, Uber (UBER) has now added alcohol delivery to its ever-expanding list of in-app services.  On Tuesday, the company announced it is acquiring on-demand alcohol service Drizly. The new purchase will cost $1.1 billion in stock and cash and the transaction is expected to

Traders work the floor of the New York Stock Exchange. NYSE Stocks head into the week ahead with a tailwind, as investors focus on a hefty fiscal stimulus package and the solid earnings season against a backdrop of rising interest rates. There are several dozen S&P 500 companies reporting earnings, including Coca-Cola, Pepsico, Cisco and

It’s official, a new Covid-19 vaccine candidate has entered the fray. On Tuesday, Ocugen (OCGN) announced it had finalized its deal with India-based Bharat Biotech. The two will work together on COVAXIN, Bharat’s Covid-19 vaccine, for the U.S. market. Ocugen will take on all aspects of U.S. based responsibilities, including clinical development, regulatory approval, and

Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game at the company’s booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Troy Harvey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ford — The legacy automaker’s

by Martin Armstrong It is unfortunate that Salesforce is a Dow stock. Its head, Marc Benioff, is a board member of the World Economic Forum. They have interestingly introduced vaccine monitoring. We have to start scrutinizing every company that has struck any partnership with the World Economic Forum. Our timing models called for the Directional Change during the last

Pinterest stock gained 11.7% in pre-market trading on Feb. 5 as its 4Q earnings beat Street estimates. The social media company reported 4Q non-GAAP diluted EPS of $0.43, which came in ahead of analysts’ estimates of $0.32. Revenue in the fourth quarter grew by 76% year-on-year to $706 million, beating consensus estimates of $645.6 million.

Wyomissing Restaurant and Bakery Food Specialist Megan Catarious, prepares a crepe at the crepe bar at the Wyomissing Restaurant and Bakery on Penn Ave in Wyomissing, Pennsylvania, January 22, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images January’s employment picture appears to have improved over December, but how much so depends

by Michael Snyder You don’t have to be a cog in the system.  For most of us, the only option that was presented while we were growing up was to get on the hamster wheel and run as fast as we could.  You know what I mean – go to school, get a job, pay a

The rumor mill has long suggested Apple (AAPL) is looking to gain a foothold in the rising EV space. Now its ambitions appear to be coming to fruition. On Wednesday night, CNBC reported that Apple and Hyundai/Kia are inching closer to signing a deal to develop the Apple Car. The company’s planned autonomous electric vehicle

Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell:  Pinterest — Shares of the image-sharing company were up 8.1% on the back of quarterly earnings that were higher than analysts expected as the

By Chris Black Who is Prof. Dr. Christian Drosten?  Prof. Drosten develops the SARS-CoV-2 test and immediately publishes its instructions through the WHO, in breach of his professional obligation to notify Charité Hospital (his employer) of inventions, so that Charité cannot apply for a possible patent.     At the same time, however, Prof. Drosten collaborated from

Let’s talk about risk and the big picture. It’s an appropriate time, as the big risk – presented by the COVID-19 pandemic – is finally receding thanks to the ongoing vaccination program. COVID is leaving behind an economy that was forced into shutdown one year ago while in the midst of a great expansion, boosted

by Guest Author  The Misunderstood Dynamics Of Negative Yields I submit to you that there is a difference between “money” and “currency.” What is the purpose of currency? Currency is the medium by which an economy can transmit economic value between its agents and standardize the exchange of unlike items; that is, currency establishes a system that improves

Take a look at some of the biggest movers in the premarket: Canada Goose (GOOS) – Canada Goose shares surged more than 15% in the premarket after the outerwear maker beat estimates on both the top and bottom lines. Results were helped by strong growth in China sales as well as a surge in online

Ford released its January retail sales results yesterday, showing that it has beaten the overall industry by four percent. Special Utility Vehicles (SUVs) were the best performers as sales of Ford SUVs grew 8.7% compared to Jan. 2020, giving them their best-ever January start. Andrew Frick, vice president of Ford (F) Sales in U.S. and

The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images Check out the companies making headlines after the bell: eBay — Shares of the online marketplace rose 8.5% in after-hours trading after the company reported fourth-quarter earnings and revenues that topped analysts’ expectations. eBay posted adjusted per-share

by Michael Snyder Even though the number of new COVID cases in the United States has been dropping precipitously, a strict new federal mask mandate is being implemented from coast to coast, and it will be enforced by the TSA and other law enforcement authorities.  If you use public transportation without wearing a mask, the

Alibaba (BABA) is currently under the Chinese regulators’ microscope, and founder Jack Ma’s fall from grace has been well-documented. However, none of these issues stopped the e-commerce giant from posting strong F3Q21 results on Tuesday. In the quarter, Alibaba delivered revenue of $33.88 billion, a 37% year-over-year increase and coming in ahead of consensus by

A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation

This is the latest manipulative take on the right. They are manipulating the fact that most people don’t know the layout the Capitol complex. We were all on the Capitol complex – the attack wasn’t just on the dome. The bombs Trump supporters planted surrounded our offices too. pic.twitter.com/jI18e0XRrd — Alexandria Ocasio-Cortez (@AOC) February 3,

We’ve just had an object lesson in preparing for the bad when times are good. Last month, several Wall Street analysts turned bullish on high-yielding dividend stocks – recommending defensive plays even as the market was trending strongly upwards. And… then we had the short-squeeze frenzy to finish off January, leading to the worst month

The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Check out the companies making headlines in midday trading.  Alphabet – Shares of the Google-parent company jumped more than 7% after Alphabet reported quarterly results that beat analyst expectations on the top and bottom line.

As I forecast to clients in last week’s Private Wealth Advisory, stocks have bounced hard off the 50-day moving average. The bounce consisted of a clear breakout from the downward channel formed by last week’s correction (blue lines). As I write this, stocks have been rejected at resistance (red line in the chart below) and are

Shares of Albemarle dropped 2.8% in Tuesday’s extended market trading session after the global producer of lithium announced the launch of a $1.3 billion stock sale to fund its growth expansion plans and pay down debt. Specifically, Albemarle (ALB) disclosed that the sale proceeds will be used to fund the construction and expansion of its

A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City. Alexi Rosenfeld | Getty Images Check out the companies making headlines in midday trading. GameStop —Shares of the video game retailer swooned more than 50% in midday trading

by DCG Remember, The System protects their own. From NY Post: “Democrats who control the state Senate blocked a motion Monday to subpoena records of the Cuomo administration seeking a fuller accounting of nursing home residents who died from the coronavirus. The motion was made by Sen. Thomas O’Mara, the ranking Republican on the Investigations Committee

How can we know just where the markets are heading? The new year started with an upward trend that nearly got derailed by a flashmob from Reddit – and suddenly we’re dealing with a rise in volatility. Covering the markets for Canaccord, Chief Market Strategist Tony Dwyer believes that the “extraordinary liquidity from corporate bond

Amazon CEO Jeff Bezos Alex Wong | Getty Images Check out the companies making headlines after the bell: Amazon —Shares of the retailer were up 1% in after-hours trading on the back of quarterly results that beat analyst expectations. Amazon reported earnings per share of $14.09 on revenue of $125.56 billion. Analysts polled by Refinitiv

By Vanand Meliksetian OPEC has been the most important actor in global oil markets with the ability to influence prices for decades. The shale revolution in the U.S. has brought much uncertainty for traditional producers due to the vast amounts of oil and gas that are flowing from the American energy heartland in a short

Which way is the market going? After January’s pullback, February kicked off in style with all three major indexes posting strong gains in the month’s first two sessions. It will be interesting to see what lies in store for the markets next, although drama-wise, it will be hard to match last week’s headline grabbing antics.