S&P Still Hover Near Record

Stocks rose slightly on Wednesday with the S&P 500 hovering near an all-time high.

The Dow Jones Industrials gave back some of its gains but still finished positive 25.07 points at 34,600.38

The much-broader index gained 6.08 points to 4,208.12.

June is historically a weak month for stocks, but Instinet points out that the S&P 500 has had a better track record recently, gaining every June since 2016.

The NASDAQ grabbed 19.85 points to 13,756.33.

All three indexes are fairly close to record levels. The Dow is to within 1.4% of its all-time peak, while the NASDAQ is 3.2% below its record.

Energy stocks again outperformed the broader market on Wednesday as crude prices continued their recent rebound. Investors have snapped up shares of some of the nation’s largest oil and gas companies in recent sessions as optimism about the economic rebound in the U.S. fosters demand for crude, airfare … Read the rest

Kerlink & AIUT Install Largest Smart LoRaWAN® Network in Poland For Water-Supply-System Monitoring and Management

Kerlink & AIUT Install Largest Smart LoRaWAN® Network in Poland For Water-Supply-System Monitoring and Management

LoRaWAN-Based Installation Demonstrates How Internet of Things Development Is Part of the Strategic Direction for the Polish Economy.

Kerlink, a specialist in solutions dedicated to the Internet of Things (IoT), and AIUT, an international expert in IoT-dedicated solutions, have completed Poland’s largest LoRaWAN® network for water-supply monitoring and management using Kerlink Wirnet™ LoRaWAN gateways and AIUT’s sensors.

AIUT deployed the wireless network in Piekary Śląskie, a city of 55,000 residents spread across 40 square kilometers. As part of its portfolio of Smart City IoT solutions, AIUT provides cities with flexible, easy-to-use and quick-to-implement systems for remote, stationary utility-meter readouts, measurement and leak detection based on the best and most cost-effective technologies. The hourly and daily readouts provide real-time monitoring of the municipal water supply network’s operation, while reducing operating costs for the water utility.

Commissioned by the Municipal Water and Sewerage Company in Piekary Śląskie, the system includes approximately 6,500 … Read the rest

Stocks Start June Flat Despite Oil Rally

U.S. stocks posted modest gains on Tuesday as optimism about the economic reopening managed to offset lingering angst about inflation and price pressure.

The Dow Jones Industrials gained 46.25 points to close Tuesday at 34,575.70, after gaining as many as 300 points after the opening bell in New York.

The S&P 500 deleted 2.04 points to 4,202.07, as weakness in technology stocks offset gains made in energy, materials and financials.

The NASDAQ dipped 12.26 points to 13,736.48,

Markets in the U.S. were shuttered Monday for Memorial Day.

The Dow gains came as COVID cases continue to decline and vaccinations rise in the U.S. In a major milestone, more than half the U.S. population has received at least one dose of a COVID vaccination, according to data posted by the Centers for Disease Control and Prevention.

The improving domestic coronavirus situation, coupled with the arrival of summertime weather, sparked another day … Read the rest

KORE Critical Asset Monitoring Solution Now Available in AWS Marketplace

KORE Critical Asset Monitoring Solution Now Available in AWS Marketplace

Launch simplifies procurement and deployment of solution for real-time asset tracking and condition monitoring of in-transit goods globally.

KORE last week announced the availability of Critical Asset Monitoring in AWS Marketplace.

Critical Asset Monitoring (CAM), powered by Visilion, is a comprehensive solution that enables businesses to visualize and mitigate the risks associated with global, multi-modal supply chain operations.

AWS Marketplace is a digital catalog with thousands of software listings from ISVs that makes it easy to find, test, buy, and deploy software and services that run on Amazon Web Services (AWS). The ability to procure CAM through AWS Marketplace makes it easier than ever for manufacturers, freight forwarders, and logistics organizations to mitigate risks, ensure quality, and certify chain of custody.

Romil Bahl, President and CEO of KORE, said:

“The complexity of deploying IoT solutions has held businesses back for far too long, and this includes monitoring mission-critical assets across

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Winning Streak on TSX Cools off a Mite

It was just a matter of time, but elements threw cold water on the upward momentum of Canada’s largest market as weakness in health-care and consumer stocks outdid gains by energy issues.

The TSX tumbled 121.19 points from Friday’s all-time high to conclude Monday at 19,730.99

The Canadian dollar eked up 0.10 cents to 82.88 cents U.S.

Even so, Reuters poll of strategists predicted that the main index will climb above the 20,000 mark by the end of 2021 as a recovery in the global economy from the coronavirus crisis boosts the outlook for resource stocks.

Health-care stocks weighed heaviest on the index, with Cronos Group fading 59 cents, or 5.5%, to $10.22, while Organigram Holdings lost 16 cents, or 4.2%, to $3.68.

Consumer discretionary stocks also got pounded, Sleep Country handing back 63 cents, or 2.1%, to $29.39, while Aritzia descended 42 cents, or 1.4%, to $29.33.

In consumer … Read the rest

Luner announces agreement with Sierra Wireless as the first Luner hardware partner

Luner announces agreement with Sierra Wireless as the first Luner hardware partner

Luner, the technology agnostic, self-service IoT connectivity platform for IoT developers and SMEs has today launched its IoT Marketplace, providing a complete one-stop-shop for developers looking to get their IoT projects off the ground.

The Luner Marketplace will provide a growing selection of IoT hardware and related products for the development of end-to-end IoT solutions.

The first hardware partner to offer its devices via the Luner Marketplace is Sierra Wireless, the global leader in IoT solutions. Luner is offering the AirLink® range of cellular routers and gateways designed for IoT and enterprise applications. These include the AirLink® RV55; a rugged, compact, LTE-A Pro router, designed to connect critical remote assets, infrastructure and vehicles, the AirLink® RV50X; the industry’s lowest power consuming LTE-advanced gateway and the AirLink® LX40 and LX60 LTE-M (global) and Cat 4 (EMEA) range designed for commercial and enterprise LTE applications such as IP cameras, security, Point-of-Sale (PoS) … Read the rest

Week Shortened in U.S. by Memorial Day



U.S. markets are shuttered for Memorial Day


Economic Lookahead

Industrial Product Price Index (April) In March, the Industrial Product Price Index increased 1.6% month over month and 10.0% year over year

Raw Materials Price Index (April) The Raw Materials Price Index was up 2.3% month over month and up 34.7% year over year.

Featured Earnings

Adventus Mining Corporation (T.ADZN) (Q4) EPS projected for loss of four cents, compared to a loss of one cent in the prior-year quarter.

Auxly Cannabis Group Inc. (T.XLY) (Q4) EPS projected for loss of one cent, compared to a loss of seven cents in the prior-year quarter.

Neo Lithium (V.NLC) (Q1) EPS projected at breakeven, compared to a gain of 12 cents in the prior-year quarter.



Economic Lookahead

IHS Markit U.S. Manufacturing PMI (May)

Institute for Supply Management Manufacturing Index (May)

Construction spending (April)

Featured Earnings

Hewlett Packard Enterprise Company

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IoT And The Healthcare Revolution

IoT And The Healthcare Revolution

IoT and healthcare is not a new concept, and it has been slowly finding its place in our healthcare system for years. One of the contributing factors in slowing the revolution has been the patient.

The very person it is aimed at helping. Shifting the role of medical providers from person to digital format is often met with some skepticism from patients, fearing a loss in the personable and human interaction medicine has historically had. The idea of a video call or virtual meeting with your doctor 18 months ago would have been unthinkable for many. How could a physician possibly diagnose a photo or treat an ailment through a screen? Covid-19 backed everyone into a corner and forced physicians to re-think and re-model their patient care. More importantly, perhaps, it forced patients into accepting a new age of treatment and consequently, and indirectly, facilitated the advancement of IoT in … Read the rest

S&P Heads Higher for 4th Month in a Row

The S&P 500 climbed slightly on Friday to close its fourth straight positive month amid growing optimism over the U.S. economic recovery.

The Dow Jones Industrials amassed 64.81 points to end the day and the week to 34,529.45.

The S&P 500 added 3.23 points to 4,204.11.

The NASDAQ stayed in the green 12.46 points to 13,748.74.

The blue-chip Dow took on 0.9% and the S&P 500 advanced 1.2% this week, both breaking a two-week losing streak. The NASDAQ rose 2.1% to post its best weekly performance since April 9.

For the month of May, the 30-stock Dow gained 1.9% and the S&P 500 jumped 0.6%, posting their fourth up months in a row. The tech-heavy NASDAQ, however, suffered a 1.5% loss this month for its first negative month in seven.

Markets in the U.S. will be closed Monday for Memorial Day

Salesforce shares popped more than 5% Friday after the … Read the rest

Quectel adds extensive antennas portfolio to IoT product range

Quectel adds extensive antennas portfolio to IoT product range

Quectel Wireless Solutions, the leading global supplier of IoT modules, has unveiled its new range of antennas for IoT devices.

Featuring more than 250 antenna options for both embedded and external products, the Quectel antenna range is comprehensive, offering optimal solutions for all types of IoT device deployments.

Quectel is adding its market leading IoT module portfolio and expertise to its range of antennas so customers can take advantage of its huge engineering resources and buy antennas as well as modules. Integrating antennas with IoT modules into IoT devices, which are often space-constrained and affected by location in devices that limits signal propagation or shortens battery life, is a common challenge for IoT device makers. To streamline development and enable optimized integration of embedded antennas, Quectel has assembled a wide range of antennas and modules and offers support to design and integrate antennas into customers’ solutions and devices.

In addition … Read the rest