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Market News

Location American Market News for 5 February 2020
Two of the Swiss bank's largest shareholders urged its chairman to publicly support Chief Executive Tidjane Thiam or resign, as a scandal over the surveillance of executives threatens to split Credit Suisse's leadership.
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Ford Skids Again But Might Yet Pass GM

Wall Street Journal - 5 Feb 2020 20:26
For all its operational excellence, General Motors seems incapable of exciting investors in a rapidly changing industry.
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Snap tanks on revenue shortfall

CNBC - 5 Feb 2020 01:12
Snap reported revenue of $561 million, missing analysts expectations of $563 million.
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Why Coronavirus Fears Could Ignite These REITs Paying 6%+ I'm sure you've noticed stocks whipsawing in the past week on fears of the spreading coronavirus.
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Dubious Race to Be Europe's Investment Banking Champion

Wall Street Journal - 5 Feb 2020 16:38
With Deutsche Bank in retreat, BNP Paribas is competing for the crown of European investment banking champion. If it gets there depends in part on whether Brexit hobbles its British rival Barclays.
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Disney Earns Its Bounty

Wall Street Journal - 5 Feb 2020 01:03
The latest results show Disney+ users aren't bailing following the the conclusion of'The Mandalorian.'
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How To Qualify For Substantial Tax Savings As A Trader Trader tax status (TTS) constitutes business expense treatment and unlocks an assortment of meaningful tax benefits for active traders who qualify. The first step is to determine eligibility.
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S&P 500 Reaches New Record As Stocks Recover From Coronavirus Fears After rallying for three days in a row, the stock market is largely returning to its pre-coronavirus levels.
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Competing bondholder groups and the oversight board supervising Puerto Rico's debt restructuring have reached a tentative compromise that moves the U.S. territory closer to leaving bankruptcy, people familiar with the ma...
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Firmer Pricing Gives Insurers a Lift

Wall Street Journal - 5 Feb 2020 21:44
Chubb's earnings report showing social inflation under control and strong pricing momentum gives investors reasons to stick with insurers for now.
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4 Cheap Stocks Trading Below Book, Making Money And Paying Dividends Value stocks are out of favor right now and, of course, that's what makes them interesting.
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Tesla Shares Reverse Course, Falling Almost 20% As Coronavirus Delays Model 3 Deliveries Tesla stock is on track for its worst day ever.
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Is The Heartland Trash? Deflation Claiming More Victims What's going on? While the curve on 10-year Treasuries vs. money market rates just turned negative, there are few incremental players in five-year BB debentures yielding over 5%. The fear is recession setting in, even wi...
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How to deal with tax-related frauds

livemint.com - 5 Feb 2020 19:28
Phishing emails claiming to be from the tax department are on the rise.In a recent email campaign, the tax department sent email addresses, SMS source codes and URLs it uses to communicate
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Vanguard Pushes Into Private Equity By Accessing Dealmakers Like Stephen Schwarzman, Robert Smith And Orlando Bravo Vanguard is pushing into private equity investments with a long-term goal of offering buyout strategies to individual savers.
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Merck's Spin May Induce Motion Sickness

Wall Street Journal - 5 Feb 2020 19:16
Spinning off older products will enhance Merck's growth profile but will also make the shares riskier.
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Argentine bonds are rising after the Province of Buenos Aires backed down on threats not to make a $250 million bond payment unless bondholders agreed to postpone for three months until May.
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Ford Motor Enters Oversold Territory

Forbes - 5 Feb 2020 18:45
Ford Motor Enters Oversold Territory But making Ford Motor an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of F entered into oversold territory, changing hands as low as $8.26 per share.
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Ex-Dividend Reminder: Apple, W.W. Grainger And Mueller Water Products On 2/7/20, Apple, W.W. Grainger, and Mueller Water Products will all trade ex-dividend for their respective upcoming dividends.
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Bullish Two Hundred Day Moving Average Cross - Oracle In trading on Wednesday, shares of Oracle crossed above their 200 day moving average of $54.77, changing hands as high as $55.03 per share.
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Fed Adds $47.50 Billion to Financial Markets

Wall Street Journal - 5 Feb 2020 18:00
The New York Fed added $47.50 billion in overnight liquidity to financial markets, but the overall outstanding amount of repo operations dropped.
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Chubb and Allstate posted strong gains in fourth-quarter net income as their core insurance operations benefited from fewer catastrophe claims. Prudential profit also rose, despite a sales decline in some products.
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