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Amazon Pops on Surging Sales, as All of Big Tech Posts Monster Earnings: CNBC After Hours

If the stock market is considered a barometer of success, President Joe Biden s first 100 days in office is starting off with a bang a big bang.
Since the election, the S&P 500 is up more than 20%. Since his inauguration in January, it s up 10%.
According to JPMorgan, that is the best 100-day run for a first-term president in more than 75 years. The only other one close was John F. Kennedy in 1963, who also saw a return north of 20%.
Ford CEO Jim Farley said on CNBC Wednesday that he expects the chip shortage impact on business to get worse before it improves, but the automaker will be set up for a strong 2022. ....

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Biden's Stock Market Start Is a Milestone Since FDR

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U.S SEC delays decision on approving bitcoin ETF

Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.
The Securities and Exchange Commission on Wednesday delayed its decision on approving the VanEck Bitcoin ETF until June.
Some bitcoin watchers believe 2021 could finally be the year a bitcoin ETF is approved thanks to the Senateâs confirmation of Gary Gensler to lead the SEC.
Gensler is considered an expert on cryptocurrency and has taught courses on digital currencies and blockchain at MIT.
The Securities and Exchange Commission on Wednesday delayed its decision on approving the VanEck Bitcoin ETF until June as the regulatorâs new chief begins to review high-profile asset applications. ....

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Top Tech Penny Stocks to Buy This Year? One Up 102% YTD

3 Tech Penny Stocks to Watch Right NowÂ
Tech penny stocks have become some of the best performers of the past year. Whether a combination of pandemic-related tech needs or the entrance of more innovative products, there are a few reasons why these penny stocks are seeing solid momentum.
As we move into the last month of the Spring and even closer to tax-day, the market has a tendency to consolidate as the public gets ready to pay up. However, investors both new and old recognize that volatility like this can be used as a short-term financial tool, especially when considering that there are so many penny stocks under $5.Â ....

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A knockout corporate earnings season for the US stockmarket

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USA Inc is vastly exceeding expectations. First-quarter earnings reported as of last Friday had beaten analysts’ forecasts by a mammoth 30%; usually “earnings beats” are about 3%-6%, says Bob Pisani for CNBC. The unprecedented uncertainty triggered by the pandemic caused many blue-chip firms to withdraw their guidance last year. That prompted the analysts who study these firms to make very conservative forecasts for the earnings outlook, which were widely thought to be too pessimistic. Most people expected this quarter’s earnings to be good, “but this is really good”.
US stockmarket valuations are historically high on a cyclically adjusted price/earnings ratio (Cape) of 34.6, according to Mebane Faber of Cambria Investment Management. Strong earnings are one way of bringing those valuations down to a more reasonable level. Bank earnings have been especially impressive, says The Economist. JPMorgan Chase reported record revenue in the f ....

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