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Stock Market News For Today September 14, 2021

News to note today as traders await the latest inflation figures.
The post Stock Market News For Today September 14, 2021 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Stock Futures Seek Direction Ahead Of August Inflation Data Report

Stock futures appear to be on the rise on Tuesday morning. For the most part, investors would be keeping a close eye on a key inflation metric today. That is the consumer price index (CPI) figures for August. Currently, consensus estimates suggest that the CPI could climb by 0.4% month-over-month. Even as the broader stock market gains, investors should note that treasury yields are also following suit today. Namely, the yield on the 10-year Treasury note climbed by 1.34% earlier today.

Given the current uncertainty in the market, investors could be looking for some direction. Well, MJP Wealth Advisors president, Brian Vendig, has this to say, “It’s been consistent since the pandemic has started, to buy on dips. I definitely don’t see that behavior changing any time soon … I’d still say stay balanced toward equities, but be very selective in making sure that you’re picking the areas that can provide protection to margin, profitability growth, and also as a means to hedge off any unnecessary inflation.” As of 6:25 a.m. ET, the Dow, S&P 500, and Nasdaq futures are up by 0.11%, 0.11%, and 0.02% respectively. 

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Apple Event Taking Center Stage Today

To begin with, consumer tech giant Apple (NASDAQ: AAPL) would be in focus in the stock market today. Naturally, this would be due to its annual fall event happening at 1:00 p.m. ET. later today. For the uninitiated, this is usually when the company releases its latest line of flagship smartphones, among other things. As such, it would be a highly anticipated occasion by consumers and investors alike.

best tech stocks (AAPL stock)

Understandably, the main highlight of the event would be Apple’s iPhone 13. The company’s latest offering is expected to have a faster 120Hz display and satellite communications features to name a few. Alongside its latest iPhones, Apple could also be announcing the newest iteration of its operating system, iOS 15. The likes of which usually bring about software refinements throughout Apple’s massive tech ecosystem. Additionally, other next-gen Apple wares that are expected to drop include the Apple Watch Series 7 and a new set of AirPods. All of which would be major attention grabbers in their own regard.

Now, with AAPL stock up by 15% year-to-date, would investors be wise to jump on? If anything, Oppenheimer (NYSE: OPY) head of technical analysis Ari Wald seems to believe so. Wald said, “For us looking out the next three to six months, Apple really checks all the boxes for us. It’s got a bullish trend, bullish fundamentals according to our analyst that covers it, in a bullish sector as well.” Regardless, there will likely be plenty of attention on Apple today.

Cloudflare Seeing New Trends In The Crypto Security Space

In other news, Cloudflare (NYSE: NET) provided an alarming update on the newest target in the cybercriminal world. Yesterday, Cloudflare CEO Matthew Prince noted that crypto exchanges are becoming increasingly popular targets for cyberattacks. Prince cited an old adage saying, “Why do robbers rob banks? It’s because it’s where the money is.” In the current age, most would argue that crypto exchanges and cryptocurrencies are where the money is going now. This would especially be the case given the overall hype around digital currencies among millennial investors now.

tech stocks (NET stock)

Notably, Cloudflare has this information because of its work with several cryptocurrency exchanges and digital currencies. This includes the Ethereum network among others. Luckily for Cloudflare’s crypto exchange customers, Prince assured them that even as attacks get more innovative in the space, Cloudflare is “staying ahead of it”.

By and large, this would be yet another contributing factor to the rise in digital crimes now. As investor interest in the sector and general adoption of cryptocurrencies rise, the trend could continue. As a result, I could see more organizations turning towards top names in the cybersecurity space. This would include the likes of Cloudflare, CrowdStrike (NASDAQ: CRWD), and Zscaler (NASDAQ: ZS), to name a few. All in all, this could be another reason for investors to look out for the best cybersecurity stocks now.

[Read More] Top Stocks To Buy Now? 4 Renewable Energy Stocks For Your Watchlist

FuelCell Energy Earnings On Tap Before Opening Bell

FuelCell Energy (NASDAQ: FCEL) is set to report earnings before today’s opening bell. Overall, consensus estimates suggest that FuelCell could report a loss per share of $0.05 on revenue of $20.69 million for the quarter. This would be in comparison to a loss of $0.08 per share on revenue of $18.73 million in the year-ago quarter.

best ev charging stocks (FCEL Stock)

In brief, FuelCell, as the name suggests, is in the business of providing fuel cell tech to customers of varying sizes. Namely, the company is an upcoming player in the global sustainable clean energy tech field. Through its sustainable wares and related services, FuelCell caters to the clean energy needs of businesses, utilities, governments, and municipalities. According to the company, its fuel cell solutions offer a clean, efficient alternative to traditional combustion-based power generation. Not to mention, FuelCell’s offerings are also complementary to hybrid energy systems consisting of intermittent sources of energy. This would include energy generated by both solar and wind turbines.

Given the overall focus on the renewable energy industry throughout the past year, FCEL stock could be a viable play for eagle-eyed investors. Sure, the company’s operations would still have a ways to go. However, some would argue that FuelCell’s hydrogen-based operations would stand to benefit from the Democrat’s trillion-dollar infrastructure bill. Should things go as planned, we could see $8 billion being invested towards hydrogen-based projects. Even with gains of over 140% in the past year, there could yet be room for FCEL stock to run.

Notable Earnings To Watch Today

In terms of earnings, there are several names across the board that would be in focus today. For those keen on pre-market earnings, the likes of AstroNova (NASDAQ: ALOT), Mytheresa (NYSE: MYTE), and Core & Main (NYSE: CNM) are on tap.

On the other hand, if you’re looking for potential after-market movers, there are several notable tech names reporting earnings as well. This includes but is not limited to Aspen Group (NASDAQ: ASPU), Ibex (NASDAQ: IBEX), Skillsoft (NYSE: SKIL), and Kaspien (NASDAQ: KSPN). All in all, there are plenty of happenings in the stock market today to keep you on your feet.

The post Stock Market News For Today September 14, 2021 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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