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Market News

Location American Market News for 14 May 2020
Which Exchange Stock Looks Expensive: NASDAQ or ICE? NASDAQ and Intercontinental Exchange have both outperformed the broader S&P 500, with their stock declining by roughly 6% since early February after the WHO declared the Coronavirus a global health emergency. The lockdow...
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CoStar Acquires Ten-X in $190 Million Deal

Wall Street Journal - 14 May 2020 00:46
Data giant CoStar Group is close to buying the commercial real estate division of Ten-X in an effort to increase CoStar's role in the distressed commercial-property market that the pandemic is expected to fuel, according...
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Electric Vehicle Sales Are Surging. Can Mineral Producers Meet Future Demand? It's too early to say whether electricity will kill gas and diesel completely, but the trend certainly seems to be pointed in that direction.
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Arconic Tackling Covid Impact Well

Forbes - 14 May 2020 22:05
Arconic Tackling Covid Impact Well , a leading provider of aluminum sheet, plate & extrusions, as well as innovative architectural products, reported mixed 1Q20 results with a beat on adjusted EPS and a revenue miss versus consensus.
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Why Big Investors Aren't Betting It All on a Coronavirus Cure

Wall Street Journal - 14 May 2020 20:35
Hedge funds and venture-capital firms are growing more confident researchers will develop effective drugs to fight the pandemic. But successful efforts might not result in big profits for shareholders, the investors argu...
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Insider Trading Explained: Why Senator Burr Is Being Investigated And How Certain Stock Trades Are Illegal Senator Richard Burr is in hot water after allegations emerged that he may have used inside information to avoid market losses related to coronavirus.
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Buy Netflix As Market Volatility Returns

Forbes - 14 May 2020 19:25
Buy Netflix As Market Volatility Returns We highlight our Top Buy Ideas for the next month after market volatility returns.
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Time for GE to Bring Good Things Back to Life

Wall Street Journal - 14 May 2020 18:51
General Electric is going with a retro look as the coronavirus pandemic takes hold. The market value of the conglomerate dropped below $50 billion, the lowest in almost 30 years. It is a milestone few shareholders will r...
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Q1 2020 Big Oil Earnings: What Did We Learn From Dire Figures? Profit slumps in the wake of the coronavirus downturn have sent oil and gas majors into cash conservation mode thereby knocking confidence in sacred industry dividends.
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Everything Wrong With Markets Was On Full Display Wednesday The top story of the day was Fed chair Jay Powell trying to squash the bond market's budding request for negative interest rates, but you wouldn't know it from looking at financial markets.
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Amazon, Microsoft Or Google: Which Is The Best Play On Surging Cloud Infrastructure Demand? The Coronavirus pandemic is making people rely increasingly on the Internet to work, learn, shop, and entertain themselves as they spend more time at home. This, in turn, is boosting demand for public cloud infrastructur...
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Lululemon's Surge Could Have Long Legs

Wall Street Journal - 14 May 2020 17:29
Shares of the athleisure retailer should continue to be a relatively accessible beneficiary of the at-home fitness trend amid the pandemic.
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Negative U.S. Interest Rates? Don't Bet On It

Wall Street Journal - 14 May 2020 17:28
Federal-funds futures, which traders use to bet on the course of monetary policy, continued to show a chance of negative interest rates by April 2021, even after officials say the central bank isn't considering cutting r...
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Russia Lashes Out At The New York Times, FT, On Coronavirus Data The papers say Russia's death toll and infection rates are much higher. Russia cries fake news.
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The Biggest Mistake A Preferred Income Investor Can Make Preferred shares are a brand of stock that most mainstream investors are not familiar with.
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Insurers Brace for More Pain as Coronavirus Claims Pile Up

Wall Street Journal - 14 May 2020 16:09
Global insurers are feeling the pain from the coronavirus pandemic and warning their results are likely to worsen as the year progresses, raising the prospect of consolidation in the industry.
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Why Nokia's Revenues Are Likely To Decline Despite Minimal COVID-19 Impact Nokia's (NYSE: NOK) Networks segment, which includes Mobile Networks, Global Services, Fixed Networks, and IP/Optical Networks operating units, has witnessed minimal revenue growth over recent years, with the division's ...
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Europe's Oil Majors Start To Embrace Alternative Energy And Climate Targets European oil majors have increased their ambitions to tackle climate change markedly in the last six months, in a departure from the approach taken by their American peers, a new report states.
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Why The Clorox Rally Looks Overdone

Forbes - 14 May 2020 15:30
Why The Clorox Rally Looks Overdone Clorox stock has rallied by about 35% year-to-date, amid the coronavirus pandemic, compared to the broader markets which are down by about 10% year-to-date. Clorox has seen soaring demand for its disinfecting products, a...
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Larger-Than-Expected Rise In Jobless Claims Adds To Market Worry After Fed Comments After Wednesday's sobering testimony from Fed Chairman Powell kept stocks retreating from recent gains, a fresh spike in initial jobless claims looks to be underscoring the economic challenges that lay ahead.
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Govt extends benefit of interest subsidy on home loans under the Credit Linked Subsidy Scheme for households with annual incomes between ₹6 lakh and ₹18 lakh
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Senator Burr's Cell Phone Seized In 'Significant Escalation' Of Stock Sale Probe It's the latest development in a controversy ignited by stock sales made just before the coronavirus tanked markets.
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