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Market News

Location American Market News for 4 February 2020

New Fed Repos Total $94.45 Billion

Wall Street Journal - 4 Feb 2020 16:58
The Federal Reserve Bank of New York faced more demand for an offering of two-week temporary liquidity than it was willing to supply Tuesday, as the day's market interventions led overall temporary liquidity levels rise ...
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Wuhan Coronavirus Is The Most Tempting Bear-Bait Of The Bull Market Yet Worldwide economic recovery stopped in its tracks. A years-awaited trade deal compromised. International commerce shut down and a global pandemic provoking doomsday predictions more aligned with Hollywood blockbuster tha...
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Boston Scientific's Q4 Earnings Preview: Can BSX Beat Average Consensus Earnings? Boston Scientific (NYSE: BSX) is slated to release its Q4 and full-year 2019 results on February 5, 2020, and we don't expect it to beat the average consensus EPS of $1.57. For full year 2019, Trefis estimates that the c...
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Tesla's Epic Rally Echoes Past Oil, Bitcoin Bubbles

Wall Street Journal - 4 Feb 2020 23:56
The car maker's outsize stock gains don't match its fundamentals, but they do share troubling similarities with past episodes of inflated prices that ended in tears.
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Nearly a fifth of Chipotle's sales during its fourth quarter came from digital orders.
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Ford shares plunged by more than 10% during after-hours trading Tuesday to about $8.30 per share.
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NYSE Owner Intercontinental Exchange Reportedly Makes Takeover Bid For eBay The companies are not in formal talks, but Intercontinental Exchange has made overtures to the e-commerce company before, the Wall Street Journal reported.
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Iowa Caucus Failure Is Another Example Of Why Americans Distrust Political Institutions The Economist Intelligence Unit's Democracy Index says the U.S. is slipping in the flawed democracy category. Iowa serves as an example of why.
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Dispelling The Stock-Bubble Myth

Forbes - 4 Feb 2020 22:40
Dispelling The Stock-Bubble Myth There's a dangerous myth going around: that stocks are in a bubble, and if you buy now, you'll lose money.
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Royal Caribbean Cruises warned of more canceled cruises in its fourth-quarter earnings call Tuesday and said it expects to take an earnings hit of 25 cents per share after canceling eight cruises out of China because of ...
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The Markets Are Discounting A Return To Normal In China Next Week. That Is A Very Risky Bet. The movement of the coronavirus (nCoV-2019) inside China looks like a battle map.
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Bond Investors Eye Iowa Caucuses

Wall Street Journal - 4 Feb 2020 21:09
The yield on the benchmark 10-year Treasury note headed for its first climb in five sessions, lifted by economic stimulus in China and the stalled results from the Iowa caucuses.
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Look Under The Hood: The IShares S&P 500 Value ETF Has 10% Upside For the iShares S&P 500 Value ETF (IVE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $140.34 per unit.
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Coronavirus Cases Down From Weekend Levels As China Predicts Fall In Mortality Rates The novel coronavirus outbreak seems to have stalled out. Here's a look at the current economic fallout.
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It's Okay To Completely Ignore Tesla's Insane Stock Surge Here's financial advice from the movie Dumb And Dumber that should work out for investors watching Tesla's stock soar.
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The Federal Reserve barred Andrea Vella for his role in Goldman's financing of a multibillion-dollar fraud involving the 1Malaysia Development Bhd. sovereign-wealth fund.
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Small Step for Fannie and Freddie, a Leap for Houlihan

Wall Street Journal - 4 Feb 2020 19:06
Hiring Houlihan Lokey to advise the government is a good marker, but not yet the hardest part of determining Fannie and Freddie's future.
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Gold Slides as Virus Fears Abate

Wall Street Journal - 4 Feb 2020 19:06
Prices of the metal fell sharply, with traders expecting the Chinese central bank's moves to inject liquidity into the country's banking system to help the economy stabilize following the coronavirus outbreak.
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China's Central Bank Saves The Day As Coronavirus Seems To Level Off China's National Health Commission says the death toll rate is around 3%. More medical resources going to Wuhan as markets breathe a sigh of relief.
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How much tax do you pay on debt investments?

livemint.com - 4 Feb 2020 17:47
Equity investments tend to give higher returns than all other asset classes over the long run, but they are also riskier. .Here's a look at the tax rules that apply to some debt-related investment products
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Breaking Up Facebook, Google, Apple And Amazon? Don't Hold Your Breath The big tech firms likely should be subject to more oversight, but global economic, financial and political forces make it very unlikely that they'll ever be broken up.
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Oming In On Lululemon With Digital And Kids' Offerings Alo Yoga's business has legs as it aims to double store locations this year.
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