All posts by Todd Mitchell

Blue-Chips Test Fresh All-Time High

The stock market closed mixed on Wednesday despite exceptional earnings from the Financial sector. Technology stocks weighed down the broader market while the small-caps showed the most strength. Fed speak was also back in focus although Chairman Powell provided little in the way of news for bond-market traders. The 10-year Treasury yield held its slight […]

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Coinbase gets reference price of $250 per share from Nasdaq ahead of Wednesday’s direct listing

bitcoin

Nasdaq gave Coinbase a reference price of $250 a share on Wednesday ahead of its planned direct listing, which would value the cryptocurrency exchange at about $65.3 billion on a fully diluted basis. Coinbase is set to become the first major crypto business to go public in the U.S. and, should it reach a $100 billion […]

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Vaccine News Weighs on Market Momentum

The stock market was mixed on Tuesday after U.S. federal health officials issued a pause in the rollout of Johnson & Johnson’s (JNJ) coronavirus vaccine following concerns over rare blood clots in some individuals who received the shot. Consumer price inflation was also a little hotter than expectations although the rise was less pronounced when […]

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Extreme Option Profits Chart of Day…Digital Turbine (APPS)

One of the most explosive stocks on the market has been Digital Turbine (APPS), which provides provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers. After bottoming out at $4.24 in early 2020, the stock ran to a recent high of $86.70.   While it’s been an impressive move to date, […]

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Market Dips As Wall Street Awaits Earnings

The stock market slipped on Monday as Wall Street awaits the start of the first-quarter earnings season that begins midweek. The losses were kept in check following comments from Fed Chairman Powell who reiterated that the central bank will continue to support the recovery until the job is done. Powell also stressed that a rate […]

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U.S. states face steep decline in J&J Covid vaccine amid production problems at Baltimore plant

Johnson & Johnson is scaling back shipments of its single-dose Covid-19 vaccine by 86% next week as it grapples with manufacturing issues at a major plant in Baltimore.The government has allocated only 700,000 J&J shots to states next week, down from 4.9 million the week prior, according to data from the Centers for Disease Control […]

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Bulls Get Weekly Win Although Small-Caps Slack

The stock market closed mostly higher on Friday despite a choppy open with the major indexes closing out a solid week of gains. Tech recovered earlier losses to trade in positive territory while the small-caps danced in the red for most of the session before edging slightly higher into the closing bell.   The strong […]

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Best Buy is the latest retailer to attack Amazon Prime

U.S.-China trade war

The beast that is Amazon Prime is under attack as major retailers seek recurring revenue streams and look to keep legions of new customers that they gained during the COVID-19 pandemic.  Electronics giant Best Buy (BBY) is the latest to step into the ring long dominated by Prime.  Best Buy said this week it has begun piloting […]

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Record Highs Back in Focus

The stock market regained momentum on Thursday with all of the major indexes closing higher and the broader market flirting with recent records. Much of the rally was attributed to Fed Chairman Powell after he said once again that the central bank has the tools to handle any temporary inflation pressures.   The Nasdaq traded […]

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Extreme Option Profits Chart of Day…Lithium Americas (LAC)

Keep an eye on Lithium Americas (LAC). With the EV boom fueling lithium demand, stocks like LAC could easily race to higher highs. B. Riley analysts just initiated a buy rating on the stock with a price target of $25. “Domestic projects offer several inherent advantages over overseas imports, namely lower freight rates and sourcing […]

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