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Market News

Location American Market News for 4 December 2019

Google Needed to Bow to Convention

Wall Street Journal - 4 Dec 2019 01:09
Alphabet's leadership change clears up a confusing structure.
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Steer Clear of Biogen's $12 Billion Checkup

Wall Street Journal - 4 Dec 2019 14:03
With new Alzheimer's disease drug data coming from Biogen, neither bulls nor bears can rest easy.
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Why Is CrowdStrike Stock Down 30% Over The Last 3 Months? CrowdStrike (NASDAQ: CRWD), a cybersecurity company, has seen its stock price decline by roughly 30% over the last 3 months. While investors have been somewhat circumspect about cloud software stocks and other growth sto...
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Global Stocks Rise as Investors Peg Hopes on Trade Deal

Wall Street Journal - 4 Dec 2019 12:41
U.S. stock futures and European equities rallied as investors gauged comments from President Trump on his willingness to delay a China trade deal to be rhetoric used to further negotiations.
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RH, formerly Restoration Hardware, posted third-quarter earnings that topped analysts' estimates and raised its 2019 forecast.
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The percentage of S&P 500 companies posting a year-over-year decline in earnings is at highest level since 2009, a new Morgan Stanley Wealth Management report showed.
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Alphabet Rallies After Leadership Shuffle

Wall Street Journal - 4 Dec 2019 23:21
Alphabet shares had their best day in weeks after the co-founders of Google unexpectedly stepped down from active management.
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Slack's stock performance has disappointed investors since the company's public market debut in June, as Microsoft has stepped up its investment in the space.
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Salesforce and the Art of No Deal

Wall Street Journal - 4 Dec 2019 23:15
The acquisitive company may take a pause, but deals will remain a core part of its strategy.
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Bitcoin's Surge This Morning Shows Market's Vulnerability Bitcoin prices rallied this morning, spiking during a time of modest volumes. Following this movement, the cryptocurrency went right back to range-bound trading. When will bitcoin break out of its current range?
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Oil's Volatile Stretch Continues Ahead of OPEC Decision

Wall Street Journal - 4 Dec 2019 22:30
Oil prices rose near their highest level in two months, extending a recent stretch of volatility as analysts await an OPEC decision about the cartel's supply cuts.
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Champagne, LVMH, Gruyère: Here's What Could Be Hit By U.S. Tariffs On France French imports like cheese and makeup would become more expensive.
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'Made In China' Tariffs Rising December 15 Might Be Bankable Maybe it's finally time to take profits on China.
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"Tariff Man" Trump Has Brazil All Wrong

Forbes - 4 Dec 2019 20:24
Here is everything Trump has wrong on Brazil. Including Brazil steel exports to the U.S.
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Tired of OPEC Laggards, Saudis Threaten Oil-Output Surge

Wall Street Journal - 4 Dec 2019 19:40
Saudi Arabia is threatening to boost oil production unilaterally if some OPEC nations continue to defy the cartel's output curbs, cartel officials say.
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Strong Q3 Results Drive Guardant's Stock 15% Higher In 20 Days Guardant Health (NASDAQ:GH) offers non-invasive cancer diagnosis tests and is based out of the U.S. The company has seen its stock rally 15% since its Q3 results were announced. The company reported strong results in Q3 ...
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Why Is Datadog Stock Up About 20% Over The Last Month? Datadog (NASDAQ: DDOG), a software as a service company that provides monitoring and analytics for cloud applications, has seen its stock price rise by about 20% over the last month to about $41 per share. The stock is u...
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ISM Report On Manufacturing Is Not As Bad As Some Seem To Think Though several commentators viewed the recent ISM report as a sign of recession, the figures instead suggest stable but slow real growth going into 2020.
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Over-exposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in them.Here is a list of banks that offer the highest FD rates for deposits up to 1 crore...
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Why Has Chewy Stock Trended 30% Lower Since Its IPO? Chewy (NYSE: CHWY), an online retailer of pet food and pet products, has had a mixed performance post its June IPO. While the stock jumped to about $35 per share on the day of its listing, from its IPO price of $22, it h...
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Chesapeake Energy Shares Are Soaring Today As Clever Financial Engineering Relieves Bankruptcy Concerns Chesapeake's refinancing of the old WildHorse debt would not be possible without the other transaction announced this morning, a $1.5 billion term loan commitment from JPMorgan, Morgan Stanley Bank, Bank of America and M...
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Campbell Is Too Hot

Wall Street Journal - 4 Dec 2019 17:42
Shares of Campbell Soup, up around 45% this year, are priced as if the company's new chief executive has already turned the food maker around. He hasn't.
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